Open account

Prospector Drills 7.3 g/t Au, 22.26 g/t Ag, & 0.9% Cu over 5.15m Including 1.3m @ 25.6 g/t Au from 101.30m Within an Envelope of 2.73 g/t Au, 6.92 g/t Ag, & 0.28% Cu over 18.06m

Prospector Metals reported encouraging drill results from its ML Project in Yukon, highlighting continued expansion of the TESS gold-silver-copper zone. The headline interval from hole ML26-043 returned 7.30 g/t gold, 22.26 g/t silver and 0.89% copper over 5.15m, including a higher-grade core of 25.6 g/t gold over 1.3m. The company said TESS has now been traced at least 200m along trend and to 150m depth, remains open in both directions and at depth, and is associated with visible gold and bismuth-tellurium sulfides. Additional drilling also identified a new mineralized horizon at Skarn Ridge and mineralized fractures/veins at ML North, suggesting broader discovery potential. However, market reaction may be tempered by delayed lab assays, with only three of 44 TESS holes reported so far. Overall, the update is supportive for the exploration story and may be seen as bullish for Prospector Metals’ long-term resource potential.

Category

Gold

Sentiment

Bullish

Event

Milestone

Reading time

1 min