By Cory Prize Mining Completes Successful Surface Exploration and identifies 41 Gold Soil Targets on the Daylight and Toughnut Properties
Here is the latest news from Prize Mining. The Company is continuing to move forward with its exploration program by further identifying targets for when drilling is planned to start very shortly in September. The soil and rock results below are a good sign that the area is mineralized. This work helps to further identify targets but the drill results will have the ultimate say for investors and the stock price.
I am a shareholder and will be watching the drill results closely. Prize is a sponsor on our site so I will be having the President and CEO Feisal Somji on the show in the next couple weeks for an update. Please email me with your questions – Fleck@kereport.com.
Click here to listen to the most recent interview with Feisal.
Click here to visit the Prize Mining website.
Here’s the news…
PRIZE MINING COMPLETES SUCCESSFUL SURFACE EXPLORATION AND IDENTIFIES 41 GOLD SOIL TARGETS ON THE DAYLIGHT AND TOUGHNUT PROPERTIES
August 29, 2017
Calgary, Alberta – (Marketwired – August 29, 2017) – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ ) (MQSP:GR:FRANKFURT) has received all analytical results stemming from 2017 Phase I field activity carried out on the combined Daylight and Toughnut Project areas. A total of 1266 soil results and 326 rock results were received and interpreted. Soil results (map 1) and rock results (map 2) are visible here ( https://www.prizemining.com/projects/kena-daylight-gold-project/daylight-property/ ) with all samples over 1000 ppb Au (1.0 g/t Au) highlighted therein.
The 2017 Phase-I program included a number of prospecting, mapping and rock sampling traverses which resulted in the collection and analysis of 326 rock samples (map 2). Two sample types were collected: 1) 92 grab samples were collected from various known showings, and new veins of interest, in order to verify gold grades and to determine the accessory metal contents (Cu, Ag, Pb, Zn); and 2) 234 compositesamples were collected along existing road cuts to assess the metals content of 9 large-width shear systems.
Highlights from the various showings are as follows (map 2):
Toughnut Ridge
2.45 g/t Au
33.4 g/t Ag
Toughnut Adit
20.6 g/t Au
188 g/t Ag
Victoria Adit
5.28 g/t Au
2.85 g/t Ag
Great Eastern Adit
6.25 g/t Au
5.74 g/t Ag
Great Western Adit
9.05 g/t Au
8.6 g/t Ag
Black Witch
5.58 g/t Au
1.73 g/t Ag
Gold Eagle showing
2.87 g/t Au
8.59 g/t Ag
“The results of the Phase 1 program have given more strength to the Companies’ objective of focusing on high grade targets” stated Feisal Somji President and CEO. “We see soil sample well above the 1 g/t Au range with a high of 8.0 g/t Au and rock samples over 5 g/t Au with one resulting in over 20g/t Au. These great results have created 41 targets which will be followed up on our Phase II and Phase III programs”
Previously released soil data on the Daylight Project (NR August 15 th, 2017) highlighted more than 50 sample results that returned over the 90th percentile of 100 ppb Au with a best result of 8009 ppb Au (8.0 g/t Au). The final batch of 2017 soil results is very encouraging. Results from the Gold Eagle trend include 27 samples …read more
Source:: The Korelin Economics Report
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