Prospector Provides Update to Maiden Drill Program on the ML Gold Project, Yukon
Prospector Metals Corp. (OTCQB: PMCOF) has provided an update on its ongoing maiden 5,000m diamond drill program at the ML Project in Yukon. The company has completed 13 drill holes totaling 2,283 meters across four target areas: Bueno (6 holes, 1,028m), Skarn Ridge (4 holes, 674m), Java (2 holes, 299m), and Rubble (1 hole, 282m).
The drilling program has focused on testing various structural zones and mineralization targets, with Bueno targeting NE-trending structures with arsenopyrite mineralization across 275m of strike length. The program remains on schedule and on budget, with laboratory analysis in progress and results expected in the coming weeks.
Prospector Metals Corp. (OTCQB: PMCOF) ha fornito un aggiornamento sul suo programma di perforazione diamantata inaugurale di 5.000 metri presso il progetto ML nello Yukon. L'azienda ha completato 13 fori di perforazione per un totale di 2.283 metri in quattro aree target: Bueno (6 fori, 1.028 m), Skarn Ridge (4 fori, 674 m), Java (2 fori, 299 m) e Rubble (1 foro, 282 m).
Il programma di perforazione si è concentrato sul test di varie zone strutturali e obiettivi di mineralizzazione, con Bueno che mira a strutture orientate a NE con mineralizzazione di arsenopirite su una lunghezza di 275 m. Il programma è in linea con i tempi e il budget previsti, con le analisi di laboratorio in corso e i risultati attesi nelle prossime settimane.
Prospector Metals Corp. (OTCQB: PMCOF) ha proporcionado una actualización sobre su programa inaugural de perforación diamantina de 5,000 metros en el Proyecto ML en Yukon. La compañía ha completado 13 perforaciones que suman un total de 2,283 metros en cuatro áreas objetivo: Bueno (6 perforaciones, 1,028 m), Skarn Ridge (4 perforaciones, 674 m), Java (2 perforaciones, 299 m) y Rubble (1 perforación, 282 m).
El programa de perforación se ha enfocado en probar diversas zonas estructurales y objetivos de mineralización, con Bueno apuntando a estructuras con tendencia NE con mineralización de arsenopirita a lo largo de 275 m de extensión. El programa está en tiempo y dentro del presupuesto, con análisis de laboratorio en curso y resultados esperados en las próximas semanas.
Prospector Metals Corp. (OTCQB: PMCOF)가 유콘의 ML 프로젝트에서 진행 중인 첫 5,000m 다이아몬드 시추 프로그램에 대한 업데이트를 제공했습니다. 회사는 네 개의 목표 지역에서 총 2,283미터, 13개의 시추공을 완료했습니다: Bueno (6공, 1,028m), Skarn Ridge (4공, 674m), Java (2공, 299m), Rubble (1공, 282m).
시추 프로그램은 다양한 구조대 및 광물화 목표를 시험하는 데 중점을 두었으며, Bueno는 275m의 연장 길이를 가진 NE 방향 구조와 비소광석 광물화를 목표로 하고 있습니다. 프로그램은 일정과 예산 내에 진행 중이며, 실험실 분석이 진행 중이고 결과는 앞으로 몇 주 내에 나올 예정입니다.
Prospector Metals Corp. (OTCQB: PMCOF) a fourni une mise à jour sur son programme inaugural de forage diamanté de 5 000 mètres au projet ML au Yukon. La société a achevé 13 trous de forage totalisant 2 283 mètres répartis sur quatre zones cibles : Bueno (6 trous, 1 028 m), Skarn Ridge (4 trous, 674 m), Java (2 trous, 299 m) et Rubble (1 trou, 282 m).
Le programme de forage s'est concentré sur le test de diverses zones structurelles et cibles de minéralisation, Bueno ciblant des structures orientées NE avec une minéralisation en arsenopyrite sur une longueur de 275 m. Le programme reste dans les délais et le budget, avec des analyses en laboratoire en cours et des résultats attendus dans les semaines à venir.
Prospector Metals Corp. (OTCQB: PMCOF) hat ein Update zu seinem laufenden ersten 5.000 Meter Diamantbohrprogramm beim ML-Projekt in Yukon gegeben. Das Unternehmen hat 13 Bohrlöcher mit insgesamt 2.283 Metern in vier Zielgebieten abgeschlossen: Bueno (6 Löcher, 1.028 m), Skarn Ridge (4 Löcher, 674 m), Java (2 Löcher, 299 m) und Rubble (1 Loch, 282 m).
Das Bohrprogramm konzentrierte sich darauf, verschiedene Strukturzonen und Mineralisierungspotenziale zu testen, wobei Bueno auf NE-verlaufende Strukturen mit Arsenopyrit-Mineralisierung über eine Streichlänge von 275 m abzielt. Das Programm ist im Zeitplan und im Budget, die Laboranalysen laufen und Ergebnisse werden in den kommenden Wochen erwartet.
- None.
- Results from laboratory analysis still pending
- Historical data requires verification through current drilling program
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to provide an update on its drill program at its flagship ML Project in the Yukon ("ML"). A total of 13 drill holes for 2283 meters has been completed to date on the ML Project and includes drill testing on the Bueno, Skarn Ridge, Java, and Rubble targets (Table 1). The drill program is ongoing and will include follow up drilling based on 3D interpretation of initial holes as well as drilling on newly generated target areas. Laboratory analysis of the initial drilling is in progress and will be released in due course.
Rob Carpenter, Ph.D., PGeo., President, CEO and Co-Chairman of Prospector, stated We are currently at the midpoint of our maiden 5,000m diamond drill program at our ML project. The program is on schedule and on budget. Our exploration team has successfully drill tested the key target areas at ML including Bueno, Skarn Ridge, Rubble and Java. Assay results are anticipated in the coming weeks. Vein orientations from our new drill core have been measured and are consistent with our working exploration model and placement of our remaining 2025 drill holes is based on the real-time visual and 3D interpretation of our drill data from the first 13 holes. These holes are intended to extend these prospective zones along trend and to depth. Initially, we will focus our efforts on following up our holes at the Bueno and Skarn Ridge targets."
2025 ML Drill Program
A total of 13 drill holes for 2283 meters has been completed to date on the ML Project and includes drill testing on the Bueno, Skarn Ridge, Java, and Rubble targets (Table 1). The drill program is ongoing and will include follow up drilling based on 3D interpretation of initial holes as well as drilling on newly generated target areas. Laboratory analysis of the initial drilling is in progress and will be released in due course.
| Target | # of Holes | Meters Drilled |
| Bueno | 6 | 1028 |
| Skarn Ridge | 4 | 674 |
| Java | 2 | 299 |
| Rubble | 1 | 282 |
| Total to date | 13 | 2283 |
Bueno
A total of 6 drill holes for 1028 m have been completed on the Bueno target to date. The drilling is targeting a series of NE, steeply dipping, structures associated with strong fracturing, quartz veining, brecciation, and disseminated to massive arsenopyrite (+/- chalcopyrite - pyrrhotite) mineralization. Drilling to date has tested approximately 275m of strike length of the target, and interpretation and planning for additional holes is ongoing.
Skarn Ridge
A total of 4 holes for 674 m have been completed on the Skarn Ridge target to date. The drilling is targeting interpreted NNE trending structural zones associated with gold-copper mineralization in strongly calc-silicate altered metasedimentary rocks reported in historic drill holes on the target. The drilling is testing at least two interpreted structural zones with interpretation and planning for additional holes ongoing.
Java
A total of 2 holes for 299m have been completed on the Java target to date. The target was previously undrilled and 2025 drill testing is targeting the down dip extent of an east-west trending and south dipping structural corridor with strong hydrothermal alteration associated with Au, As, Cu, Sb, and Te mineralization.
Rubble
One hole for 282m has been completed on the Rubble target to date. The drilling is targeting E-W and NNE trending, intrusion hosted, sheeted to stockwork quartz-tourmaline veins and quartz-tourmaline breccias with arsenopyrite-chalcopyrite mineralization within the Mike Lake stock. The target was not previously drilled and 2025 drill testing is targeting the intersection of NNE and E-W structural sets.
The drilling and trench results disclosed in this news release relate to historical results on the ML Property. Prospector has not undertaken any independent investigation of the historic sampling, nor has it independently analyzed the results of the historical exploration work to verify the results. Prospector considers this historical drill and trench results relevant as the Company is using this data as a guide to plan exploration programs. The Company's current and future exploration work includes verification of the historical data through drilling.
Assay Methodology & QA/QC
The analytical work on the ML Project was performed by AGAT Labs, an internationally recognized analytical services provider, located in Calgary, Alberta. All rock samples will be prepared using procedure 200-075 (Dry, crush to
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. The Company is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada - Historical mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. 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
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 Group. 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, statements regarding the completion of a definitive agreement with BE Metals, the Company's plans with respect to the Company's projects and the timing related thereto, 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 statements include the 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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258862
FAQ
What is the current status of Prospector Metals' (PMCOF) ML Project drill program in Yukon?
How many meters has Prospector Metals drilled at the Bueno target in the ML Project?
When will Prospector Metals (PMCOF) release the drill results from the ML Project?
What are the main target areas being drilled at Prospector Metals' ML Project?
What type of mineralization is Prospector Metals targeting at the ML Project?
