Key Points Summary:
- Prospector Metals Corp. (PMCOF, Financial) has received approval from the Yukon Government for a 5,000-meter diamond drilling program.
- The drilling will commence in June 2025, focusing on five targets: Bueno, Skarn Ridge, Rubble-Cirque, North Vein, and Java.
- Historical drill results include 89.3 meters of 1.38 g/t Au & 0.61% Cu at Skarn Ridge and 18.43 meters of 7.67 g/t Au at North Vein.
Prospector Metals Corp. (PMCOF) has announced the receipt of government approval for its 2025 ML Project work plan, which includes a substantial diamond drilling program. This new development grants the company permission to undertake up to 5,000 meters of drilling, which is scheduled to begin in June 2025.
The project will focus on five key target areas: Bueno, Skarn Ridge, Rubble-Cirque, North Vein, and Java. These targets were identified based on significant historical drill results and new interpretations from recent field campaigns.
At Skarn Ridge, previous drilling efforts revealed impressive results, such as 89.3 meters grading 1.38 grams per tonne (g/t) gold (Au) and 0.61% copper (Cu), and another intercept of 75.9 meters grading 2.86 g/t Au and 0.69% Cu. Meanwhile, the North Vein target has yielded results including 18.43 meters of 7.67 g/t Au, indicating substantial mineral potential.
The 2025 program will also introduce maiden drill testing at the Bueno, Rubble-Cirque, and Java targets, which have not yet been explored through drilling. These efforts will be complemented by additional prospecting, geologic mapping, and relogging of historic drill cores to further understand the mineralization patterns associated with these targets.
Prospector Metals is optimistic about the potential of the ML Project, located 80 kilometers from Dawson City, Yukon Territory. With a rich history of exploration that spans from 2004 to 2008, the area has significant underexplored regions that could yield new high-grade discoveries, enhancing the company’s portfolio and shareholder value.
