- Prospector Metals Corp. (OTCQB: PMCOF) has drilled 2,283 meters across four target areas in its ML Project, marking the midpoint of its maiden 5,000m diamond drill program.
- Drilling tests focused on various structural zones, and mineralization targets, with laboratory results expected soon.
- The exploration is on schedule and budget, with future drilling planned based on 3D interpretations of initial findings.
Prospector Metals Corp. (OTCQB: PMCOF) has reached the midway point of its initial 5,000-meter diamond drill program at the ML Project in Yukon. The company has completed 13 drill holes, amounting to 2,283 meters, covering four target areas: Bueno, Skarn Ridge, Java, and Rubble.
At the Bueno target, six drill holes were completed, totaling 1,028 meters, testing structures with arsenopyrite mineralization over a 275-meter strike length. Skarn Ridge saw four holes drilled for a total of 674 meters, targeting gold-copper mineralization in altered metasedimentary rocks. Java, previously undrilled, has been tested with two holes totaling 299 meters, focusing on hydrothermal alteration corridors. One hole at the Rubble target completed 282 meters, assessing quartz-tourmaline veins and breccias.
The drill program is proceeding on time and within budget. The company plans to continue with follow-up drilling based on real-time visual assessments and 3D interpretations from the initial 13 holes. Laboratory analyses of these initial drillings are underway, with results anticipated in the coming weeks.
The technical process is overseen by Jodie Gibson, P.Geo., Vice President Exploration of Prospector, adhering to industry standards and QA/QC protocols. AGAT Labs in Calgary, Alberta, conducts the analysis using certified methods.
Prospector Metals Corp. is a member of the Discovery Group, focusing on early-stage exploration of significant mineral districts. The company aims to furnish value through new discoveries, primarily operating in Yukon and Ontario, Canada.
