Prospector Drilling at TESS Yields 5.91 g/t Au over 22.06m including 14.32 g/t Au over 8.58m
Project-wide prospecting collected 547 surface rock samples to guide new drill targets for 2027, with final assays still pending.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Prospector Metals (PMCOF) reported drilling at its ML Project in Yukon that returned 5.91 grams of gold per tonne over 22.06 metres. Hole ML26-085 included 14.32 g/t gold over 8.58 metres. Drilling extended TESS another 50 metres southwest, with ML26-068 returning 3.12 g/t gold over 11.31 metres and ML26-070 returning 10.79 g/t over 2.24 metres.
The first hole at the new Rubble target returned 13.0 g/t gold over 0.51 metres and 1.52 g/t over 4.63 metres. TESS has been defined over at least 400 metres along trend and to 175 metres depth; additional drilling is planned for 2027. The 2026 program completed 100 holes totalling 20,980 metres, with assays pending for 52 holes. Several reported TESS holes had no significant values. Cash exceeds $36 million, which the company considers sufficient for several years of ML drilling without additional funding.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointML26-085 returned 5.91 g/t gold over 22.06m, including 14.32 g/t over 8.58m.
- Moderate pointTESS drilling defined mineralization over at least 400m along trend and to 175m depth.
- Moderate pointTESS's higher-grade core is assay-confirmed on every drill section over 150m.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Cash exceeds $36,000,000; Prospector expects several years of ML drilling without additional funding.
- Minor pointTESS expanded 50m southwest; ML26-068 returned 3.12 g/t gold over 11.31m.
10 minor points
- Minor pointML26-070 returned 10.79 g/t gold over 2.24m in southwest extension drilling.
- Minor pointML26-083 returned 5.83 g/t gold and 1.31% copper over 8.79m.
- Minor pointML26-073 returned 0.91 g/t gold, 13.81 g/t silver and 0.81% copper over 12.80m.
- Minor pointML26-075 returned 3.51 g/t gold over 2.48m within the TESS alteration zone.
- Minor pointML26-078 returned 4.18 g/t gold, 15.31 g/t silver and 0.88% copper over 3.90m.
- Minor pointRubble's first hole returned 13.0 g/t gold over 0.51m and 1.52 g/t over 4.63m.
- Minor pointRubble mapping traced at least 100m; six subcrop samples averaged 45.6 g/t gold.
- Minor pointChai soil sampling returned gold values up to 2.13 g/t.
- Minor pointThe 2026 drilling program completed 100 holes totalling 20,980m across nine target areas.
- Minor point. Forward-looking: it has not happened yet and may not happen.Prospector plans 2027 drilling to test TESS continuity and prioritizes Rubble for follow-up.
Negative
- Minor pointTESS holes ML26-062, -063, -064, -066, -067, -076, -080 and -081 returned no significant values.
- Minor pointNortheastern TESS holes returned only anomalous gold results, despite intersecting altered structures.
- Minor pointML26-072 failed to reach target depth and was redrilled as ML26-075.
- Minor point. Forward-looking: it has not happened yet and may not happen.Assays remain pending for 52 holes, with results expected in the coming weeks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2026) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET0) ("Prospector" or the "Company") today provided a progress update on the fully funded drill program at its ML Project, Yukon including final assays from a scissor-hole (ML26-85) through the TESS Trend yielding 5.91 g/t Au over 22.06m (from 46.52m) including 14.32 g/t Au over 8.58m (from 60m). New drilling has also successfully extended TESS an additional 50m to the SW with hole ML26-68 yielding 3.12 g/t Au over 11.31m (from 62.88m) and hole ML26-70 yielding 10.79 g/t Au over 2.24m (from 87m).
Prospector has also discovered the new "Rubble" gold trend located 3km SW of the TESS trend. ML26-123 is the first ever hole at Rubble and yielded several intercepts including 13.0 g/t Au over 0.51m (from 21.34m) plus 1.52 g/t Au over 4.63m (from 50.63m). Surface mapping and prospecting has successfully traced the Rubble Trend for at least 100m before being covered by thin overburden. New prospecting results from the Rubble Trend yielded assays ranging from 9.65 g/t Au to 93.8 g/t Au and averaging 45.6 g/t Au. Structural indicators also suggest the presence of several stacked or sub parallel altered zones along the Rubble Trend.
Dr. Rob Carpenter, Ph.D., P.Geo., Co-Chairman, President and CEO of Prospector commented: "The 2026 drill campaign has only scratched the surface of a district scale, high-grade gold system at ML. Drilling at TESS has confirmed a structurally controlled gold system that remains open along trend and to depth and results from our regional or reconnaissance drilling substantiate the presence of multiple high-priority structural trends across the project. We now have a stronger understanding of the gold system at ML, and our 2027 program will benefit greatly from data collected this season"
The ML Project represents an early-stage, high-grade and near-surface opportunity which is easily accessible and located nearby excellent infrastructure. Assays for 52 holes are pending and are expected in the coming weeks and will include the first ever drill results from several newly identified gold trends such as NIT, Lorrie, Pebble, Camp Valley and ML North. Prospector has a current cash position of over
Prospector has posted a pre-recorded webinar hosted by CEO Rob Carpenter and VP Exploration Jodie Gibson, where they will discuss the results from todays release. Click on the following: https://youtu.be/uSnmD0zlfHM
Summary
High-grade core at TESS confirmed: Scissor-hole (ML26-85) drilled through the TESS Trend yielding 5.91 g/t Au over 22.06m (from 46.52m) including 14.32 g/t Au over 8.58m (from 60m). Hole ML26-83 also yielded 5.83 g/t Au and
TESS step-out drilling continues to expand to SW: New drilling has also successfully extended TESS an additional 50m to the SW with hole ML26-68 yielding 3.12 g/t Au over 11.31m (from 62.88m) and hole ML26-70 yielding 10.79 g/t Au over 2.24m (from 87m).
New drill discovery at "Rubble" highlights district-scale system at ML: New "Rubble" gold trend is a prospective NE-trending zone located 3km SW of the TESS trend. ML26-123 is the first ever hole at Rubble and yielded several intercepts including 13.0 g/t Au over 0.51m (from 21.34m) plus 1.52 g/t Au over 4.63m (from 50.63m). Surface mapping and prospecting has successfully traced the Rubble Trend for at least 100m before being covered by thin overburden. New prospecting results from the Rubble Trend yielded assays ranging from 9.65 g/t Au to 93.8 g/t Au and averaging 45.6 g/t Au. Structural indicators also suggest the presence of several stacked or sub parallel altered zones along the Rubble Trend.
Project-wide prospecting and sampling: Prospector collected 547 surface rock samples. Priority was given to areas of the project where no previous drilling has been completed to guide new drill targets for 2027. Results for all 547 samples will be released once final assays are received. Soil sampling was also completed in unworked portions of the project, and several high-priority targets have emerged. Notably, the high-grade "Chai" trend characterized by soil results up to 2.13 g/t Au.
2026 ML Drill Program
A total of 100 holes for 20,980 meters were drilled on the ML Project in 2026 testing nine target areas including TESS, Pebble, Nit, Rubble North, Phoenix, Bueno, ML North, Camp Valley, and Lorrie targets. To date results have been received on 48 of the 100 holes including 40 holes on the TESS trend and adjacent areas, 7 holes on the Phoenix target, and 1 hole on the Rubble target. Individual results for samples discussed in this release reach up to from trace to 147.2 g/t Au, to 147.2 g/t Ag, and to
Figure 1: ML Property Target Areas and Drilling to Date
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TESS
Results for an additional 24 holes from the TESS Zone have been recevied. These include step-out drilling to the SW of previously announced drill hole ML26-056, scissor holes across known mineralization to confirm geometry, and exploration holes to the northeast of previously announced hole ML26-046.
Highlight Results
Figure 2: Long-Section of the TESS showing SE plunging high-grade shoots T1 -T4 with Gold Assays > 1g/t Au.
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ML26-068, -071, & -073
Holes ML26-068, -071, & -073 were drilled as a fence 25m southwest of previously announced holes ML26-054 - 056. The holes were drilled at a 335o azimuth and dips of -45, -60, and -75; respectively.
ML26-068 intercepted the TESS alteration zone from 62 - 75m and returned 3.12 g/t Au over 11.31m from 62.88m; incl. 21.31 g/t Au over 1.19m from 73m.
ML26-071 intercepted the TESS alteration zone from 83 - 99m and returned 0.55 g/t Au over 8.87m from 83.82m and 1.25 g/t Au over 0.5m from 98.4m.
ML26-073 intercepted the TESS alteration zone from 131.5 - 145m and returned 0.91 g/t Au, 13.81 g/t Ag, &
Figure 3: Cross-Section Looking NE showing drill holes ML26-068, -071, & -073
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ML26-070, -075, & -078
Holes ML26-070, -075, & -078 were drilled as a fence 25m southwest of holes ML26-068, -071, & -075 discussed above. The holes were drilled at a 335o azimuth and dips of -45, -60, and -75; respectively. ML26-072 was also drilled from the same set up at a -60 dip, but failed to reach target depth and was redrilled as ML26-075.
ML26-070 intercepted the TESS alteration zone from 74 - 90m and returned 10.79 g/t Au over 2.24m from 86.45m; incl. 14 g/t Au over 1.04m from 87m.
ML26-075 intercetped the TESS alteration zone from 100 - 112m and returned 3.51 g/t Au over 2.48m from 101.8m. An additional zone of sulfide mineralization was also intercepted above the TESS zone and returned 0.15 g/t Au, 35.6 g/t Ag, &
ML26-078 intercepted the TESS alteration zone from 143 - 163m and returned 3.01 g/t Au, 64.6 g/t Ag, &
Figure 4: Cross-Section Looking NE showing drill holes ML26-070, -075, & -078
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ML26-083 & -085
Holes ML26-083 and -85 were drilled as a fence 75m southeast of previously announced holes ML25-031 / -032. The holes were drilled at a 335o azimuth and dips of -45 and -70, respectively, and were designed to cut across mineralization intercepted in 2025 to confirm the thickness and geometry of the mineralized zone.
ML26-083 intercepted the TESS alteration zone from 26.5 - 43.5m and returned 5.83 g/t Au, 30.5 g/t Ag, &
ML26-085 intercepted the TESS alteration zone from 37 - 72m and returned 5.91 g/t Au, 5.8 g/t Ag, &
Figure 5: Cross-Section Looking NE showing drill holes ML26-083 & -085
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The remainder of the TESS holes consistently intercepted zones of alteration, veining, and localised brecciation, but were not strongly mineralized and returned anomalous results with values up to 2.53 g/t Au and
TESS Discussion
Drilling in 2026 has successfully defined the TESS Zone over at least 400m along trend and to 175m depth, remaining open in all directions. Mineralization is hosted in a tabular, northeast trending and steep south dipping structural corridor which appears to have a true thickness ranging from 15-25m. Within this envelope, an "hourglass" shaped high-grade plunging core has now been assay confirmed in at least 1 hole on every drill section over 150m (section spacing of 25m), and there are indications for multiple plunging high-grade shoots. Mineralization on TESS is associated with calc-silicate alteration and/or quartz-sericite-clay alteration of conglomerate, grits, and lamprophyre - diorite dikes with disseminated to fracture-vein controlled sulfide mineralization consisting of pyrrhotite/pyrite, arsenopyrite, chalcopyrite, bismuth-tellurium minerals, and, locally, visible gold. The alteration and mineralization is focused along a northeast trending, steeply south dipping, structural corridor, with the highest-grade mineralization occurring where the structural zone intersects favorable lithologic units within the core of an E-W trending fold hinge, forming plunging shoots.
A series of holes were placed along the NE projection of the TESS structural corridor (NE of ML26-046). These holes confirmed continuity of the NE structures and consistently had zones of intense quartz-sericite alteration with variable sulfide mineralization but only returned anomalous results for gold. Based on our updated structural model for TESS which incorporates surficial geologic/structural mapping and oriented drill core measurements, the current interpretation is that these northeastern holes were drilled above and to the north of our key structural intersections and associated high-grade plunging shoots of mineralization. The TESS corridor is still considered open along trend in both directions and to depth. Additional drilling is planned in 2027 to test the continuity of TESS in all directions.
Figure 6: TESS-North Vein Plan Map
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Table 2: Assay Summary for TESS Holes Discussed in this Release
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) |
| ML26-042 | 80.5 | 83.52 | 2.68 | - | - | 0.49 |
| ML26-057 | 25.18 | 27.10 | 1.92 | 0.31 | 6.44 | 0.51 |
| ML26-058 | 109.73 | 112.15 | 2.42 | 0.99 | - | - |
| ML26-061 | 34.66 | 35.34 | 0.68 | - | 15.00 | 0.66 |
| And | 43.56 | 44.06 | 0.50 | 2.53 | - | - |
| And | 46.47 | 53.00 | 6.53 | 0.24 | - | - |
| ML26-062 | No Significant Values | |||||
| ML26-063 | No Significant Values | |||||
| ML26-064 | No Significant Values | |||||
| ML26-066 | No Significant Values | |||||
| ML26-067 | No Significant Values | |||||
| ML26-068 | 62.88 | 71.19 | 11.31 | 3.12 | - | - |
| Incl | 73.00 | 74.19 | 1.19 | 21.31 | - | - |
| ML26-070 | 87.00 | 89.24 | 2.24 | 10.79 | - | - |
| ML26-071 | 83.82 | 92.69 | 8.87 | 0.55 | - | - |
| ML26-073 | 131.50 | 144.30 | 12.80 | 0.91 | 13.81 | 0.81 |
| Incl | 140.90 | 143.20 | 2.30 | 1.59 | 52.67 | 3.15 |
| ML26-075 | 46.84 | 47.34 | 0.50 | 0.15 | 35.60 | 1.46 |
| And | 101.80 | 104.28 | 2.48 | 3.51 | - | - |
| ML26-076 | No Significant Values | |||||
| ML26-078 | 42.60 | 43.13 | 0.53 | 0.27 | 95.80 | 4.66 |
| And | 145.28 | 146.00 | 0.72 | 3.01 | 64.60 | 2.77 |
| And | 153.50 | 157.40 | 3.90 | 4.18 | 15.31 | 0.88 |
| Incl | 156.79 | 157.40 | 0.61 | 19.20 | 44.50 | 2.44 |
| ML26-080 | No Significant Values | |||||
| ML26-081 | No Significant Values | |||||
| ML26-083 | 30.51 | 39.30 | 8.79 | 5.83 | 30.52 | 1.31 |
| Incl | 34.34 | 36.50 | 2.16 | 15.27 | 105.00 | 4.38 |
| ML26-085 | 46.52 | 68.58 | 22.06 | 5.91 | 5.83 | 0.30 |
| Incl | 60.00 | 68.58 | 8.58 | 14.32 | - | - |
| Incl | 60.00 | 60.50 | 0.50 | 147.20 | - | - |
Rubble North
The Rubble North target is located 3.7km southwest of TESS along the western margin of the Mike Lake stock. Prospecting on the target in 2025 included samples that returned 57.8 and 109 g/t Au(2 of quartz-arsenopyrite veins and breccias near the intersection of E-W and NE trending structures. Follow up surface mapping and prospecting in 2026 successfully traced the Rubble trend for at least 100m with rock sampling returning six subcrop samples ranging from 9.65 - 93.8 g/t Au (averaging 45.6 g/t Au). An additional zone of mineralization is also noted 125m to the northwest and returned rock samples of 10.8, 22.1, & 28.4 g/t Au, indicating the potential for stacked or sub-prallel zones of mineralization along the trend. A total of 32 samples were collected in the target area and ranged from trace to 93.8 g/t Au.
One hole was drilled as an initial test on the target in 2026 with hole ML26-123 returning several intercepts including 13.0 g/t Au over 0.51m (from 21.34m) plus 1.52 g/t Au over 4.63m (from 50.63m). The hole was drilled beneath the 2025 prospecting samples, and the target is considered a priority for follow up drilling in 2027.
Figure 7: Rubble Plan Map
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Figure 8: Quartz-arsenopyrite breccia from Rubble North - 28.4 g/t Au
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Phoenix
The Phoenix zone is located 4.4km southwest of the TESS Zone and was a focus of drilling during the 2025 ML program. Mineralization on Phoenix is associated with a series of NNE trending structural zones cutting a strongly calc-silicate alterted sequence of calcareous siltstone, sandstone, marl, and shale units, and is associated with quartz-carbonate veining, brecciation, and strong sulfide mineralization consisting pyrrohtite-pyrite, arsenopyrite, chalcopyrite, and, locally, Bi-Te minerals with occasional specks of visible gold. Highlights from the 2025 drilling include:
ML25-010: 2.11 g/t Au, 8.6 g/t Ag, &
0.48% Cu over 45.65m from 44m depth(1)ML25-014: 2.97 g/t Au over 25m from 137m depth(2)
ML25-022: 61.45 g/t Au over 1.9m from 21.9m depth(2)
ML25-024: 2.04 g/t Au, 8.7 g/t Ag, &
0.42% Cu over 27m from 24m depth; and
4.33 g/t Au, 9.9 g/t Ag, &0.5% Cu over 19m from 57m depth(3)
Drilling on Phoenix in 2026 consisted of 11 holes totalling 2,207m. Results have been received for seven holes (ML25-059, 065, 069, 074, 074B, 077, & 079). The holes were designed to fill in a 140m gap and confirm continuity of mineralization between ML25-025 and ML25-027. All the holes collared in calc-silicate altered marl and siltstone with veining, localised brecciation, and localised sulfide mineralization, but quickly transitioned into unaltered marl/silstone within 20m of the collar, and only returned anomalous results for gold and copper, up to 1.75 g/t Au &
Figure 9: Phoenix Plan Map
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Table 3: Drill Collar Locations for Holes Discussed in this Release
| Hole ID | Easting | North | Elevation (m) | Azimuth | Dip | Depth (m) |
| ML26-042 | 361271 | 7131589 | 1634 | 160 | -50 | 204.22 |
| ML26-057 | 361284 | 7131513 | 1606 | 335 | -45 | 204.22 |
| ML26-058 | 361321 | 7131610 | 1662 | 110 | -50 | 221.28 |
| ML26-059 | 357575 | 7128961 | 1796 | 300 | -50 | 201.17 |
| ML26-061 | 361284 | 7131513 | 1606 | 335 | -65 | 128.02 |
| ML26-062 | 361387 | 7131557 | 1663 | 340 | -45 | 156.97 |
| ML26-063 | 361370 | 7131547 | 1651 | 340 | -45 | 173.74 |
| ML26-064 | 361370 | 7131547 | 1651 | 340 | -70 | 208.79 |
| ML26-065 | 357548 | 7128921 | 1767 | 300 | -50 | 224.03 |
| ML26-066 | 361387 | 7131557 | 1663 | 330 | -80 | 158.70 |
| ML26-067 | 361370 | 7131547 | 1651 | 340 | -80 | 150.88 |
| ML26-068 | 361236 | 7131485 | 1590 | 335 | -45 | 150.88 |
| ML26-069 | 357548 | 7128921 | 1767 | 300 | -70 | 169.16 |
| ML26-070 | 361211 | 7131477 | 1583 | 335 | -45 | 124.97 |
| ML26-071 | 361236 | 7131485 | 1590 | 335 | -60 | 176.78 |
| ML26-072 | 361211 | 7131477 | 1581 | 330 | -60 | 57.61 |
| ML26-073 | 361236 | 7131485 | 1590 | 335 | -75 | 231.65 |
| ML26-074 | 357542 | 7128869 | 1736 | 300 | -50 | 190.50 |
| ML26-074B | 357542 | 7128869 | 1736 | 300 | -50 | 12.19 |
| ML26-075 | 361211 | 7131477 | 1581 | 330 | -60 | 192.94 |
| ML26-076 | 361414 | 7131564 | 1675 | 340 | -50 | 163.10 |
| ML26-077 | 357542 | 7128869 | 1736 | 300 | -60 | 155.45 |
| ML26-078 | 361211 | 7131477 | 1581 | 335 | -75 | 195.07 |
| ML26-079 | 357519 | 7128820 | 1702 | 300 | -50 | 201.17 |
| ML26-080 | 361414 | 7131564 | 1675 | 340 | -70 | 181.36 |
| ML26-081 | 361478 | 7131646 | 1748 | 340 | -50 | 210.31 |
| ML26-083 | 361323 | 7131526 | 1622 | 335 | -45 | 127.71 |
| ML26-084 | 361478 | 7131646 | 1748 | 340 | -70 | 333.76 |
| ML26-085 | 361323 | 7131526 | 1622 | 335 | -70 | 127.71 |
| ML26-089 | 361479 | 7131643 | 1745 | 160 | -50 | 48.85 |
| ML26-091 | 361479 | 7131643 | 1745 | 160 | -60 | 193.55 |
| ML26-123 | 357920 | 7129839 | 1542 | 340 | -50 | 213.36 |
(1) See Prospector News Release dated Sept. 2, 2025.
(2) See Prospector News Release dated Oct. 20, 2025.
(3) See Prospector News Release dated Nov. 26, 2025.
Assay Methodology & QA/QC
The analytical work on the 2026 ML Project is being performed by Bureau Veritas ("BV") Labs and ALS Laboratory ("ALS"), both internationally recognized and accredited analytical services providers. All samples were submitted to either BV's or ALS's prep facilities located in Whitehorse, YT. Once prepared the samples are shipped to the lab's Vancouver, BC facility for analysis.
BV - All rock samples are prepared using procedure PRP70-250 (Dry, crush to
ALS - All rock samples are prepared using procedure Prep-31B (Dry, crush to
The work is being completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standards, blanks, and duplicates into the sample stream.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jodie Gibson, P.Geo., Vice President Exploration of Prospector, and a Qualified Person as defined under National Instrument NI 43-101 ("NI 43-101").
About Prospector Metals Corp.
Prospector Metals Corp. is a proud member of Discovery Group and focuses on district scale, early-stage exploration of gold and base metal prospects. The Company creates shareholder value through new discoveries and identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. Prospector is currently concentrating its efforts on its ML Project in the Yukon where it has discovered a high-grade gold-copper-silver zone (see news release dated October 1, 2025). Prospector establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all interested parties.
On behalf of the Board of Directors,
Prospector Metals Corp.
Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information about Prospector Metals Corp. or this news release, please visit our website at prospectormetalscorp.com or contact Prospector at 1-778-819-5520 or by email at info@prospectormetalscorp.com.
Prospector Metals Corp. is a proud member of Discovery GroupTM. For more information please visit: discoverygroup.ca
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, the Company's plans with respect to the Company's projects, including the ML Project, and the timing related thereto of the drill program, the merits of the Company's projects, the Company's objectives, plans and strategies, and other project opportunities. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking, include risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
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FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Prospector Metals report from its TESS drilling at the ML Project?
Hole ML26-085 returned 5.91 g/t gold over 22.06m, including 14.32 g/t over 8.58m. Southwest extension drilling also returned 3.12 g/t over 11.31m in ML26-068 and 10.79 g/t over 2.24m in ML26-070, extending TESS another 50m southwest.
What did Prospector Metals find in the first Rubble drill hole?
The first Rubble hole, ML26-123, returned 13.0 g/t gold over 0.51m from 21.34m and 1.52 g/t over 4.63m from 50.63m. Surface mapping traced the trend for at least 100m before thin overburden covered it.
What additional exploration sampling did Prospector Metals complete for its 2027 targets?
Prospector collected 547 surface rock samples, prioritizing areas without previous drilling to guide new targets for 2027. Results for all 547 samples will be released once final assays arrive. Soil sampling also covered previously unworked areas, including the Chai trend, where results reached 2.13 g/t gold.