The Egan Discovery was exposed during 2017 logging activity and approximately 8,000 hectares has been staked, acquired, and optioned by Prosper Gold. No historic work has been completed in the area with the exception of regional geophysical surveys and Ontario Geological Survey (OGS) till sampling in 1984-1987, which identified a 5km train with elevated gold-in-till results. It contains a stockwork of quartz veins up to 30cm wide within a 2m or wider alteration zone. The alteration zone is red to brown carbonate felsic intrusive (syenite) with up to 5% disseminated pyrite. 15 Composite grab samples were collected by Prosper Gold over a 25m north-south subcrop. 8 of 15 samples returned assays between 1.2 g/t Au & 22.9 g/t Au.
The 2,000 hectare Currie Project, 8 km south of the Destor-Porcupine fault, is underlain by altered volcanic and metasedimentary rocks of the Abitibi greenstone belt. The Currie is 9 km north of the Egan Discovery. The property hosts the Grindstone Creek occurrence, a Gold-Silver-Zinc zone in massive and semi-massive pyrite-sericite schist (GCZ). The GCZ is trends east-west and is hosted by graphitic phyllite cut by felsic dykes and bounded on the north and south by volcanic rocks. Diamond drilling at Grindstone Creek has intersected Au and Ag mineralization in a 250 m long northwest trending zone between 100 m and 350 m depth. Locally significant zinc values are associated with the gold values. Targets remain to be tested along strike and down plunge of the historic diamond drill intersections.
The Wydee option has several syenite bodies that resemble the Young-Davidson host rocks. A number of syenite bodies have been identified with coincident magnetic lows and will be systematically tested.
The Matachewan option has known gold showings, gold intersections in several drill holes, a large area of anomalously high gold-in-soil, and a three kilometer section of the Cadillac-Larder Lake covered under Cobalt Group Proterozoic sedimentary rocks.
Prosper Gold has the option to earn a 100% interest in the Egan discovery and Currie Project as well as a 90% interest in the Wydee and Matachewan claims. A copy of the option agreements are available on www.sedar.com.
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