Prosperity Goldfields Announces Final Winter Drilling Results from Kiyuk Lake in Nunavut

Prosperity Goldfields Corp. (TSXV:PPG) reported final assay results for its 20 hole, 4,427 m winter drill program at Kiyuk Lake, Nunavut gold project. Results from the Rusty zone include 24 m at 2.52 g/t Au from 184 m, 24 m at 1.47 g/t Au from 10 m and 28 m of 1.05 g/t Au from 38 m in three separate drill holes.

As quoted in the press release:

At the Rusty Zone, drilling has defined the limits of the breccia hosted gold mineralization to the north west and south west, however the zone is still open. Including the discovery hole at Rusty drilled in 2011, which returned 37.8 m at 4.18 g/t Au from 2.44 m, a total of 15 holes have been completed at the Rusty Zone. Ten of these holes contain significant gold intercepts at a 0.5 g/t Au cut-off as summarized in Table 1 and shown in the cross section, Figure 3. Of these ten holes, six were drilled in 2013. Previously unreleased intercepts include 24 m at 2.52 g/t Au from 184m (KI13-011), 24.0 m at 1.47 g/t Au from 10.0 m (KI13-013) and 28 m at 1.05 g/t Au from 38 m (KI13-015). Hole KI13-011 experienced drilling difficulties at 208 m and the rod string was lost in the hole. The last 24 metres of core prior to the hole being lost containing 24 m of 2.52 g/t Au suggests that mineralization could extend further to depth.

Prosperity Goldfields CEO Adrian Fleming said:

The 2013 winter drill program was a combination of further defining the Rusty Zone and testing other prospects, some of which had not previously been drilled. The Rusty Zone results were strong and demonstrated continuity of mineralization as well as defining limits to part of the system. Rusty is still open and needs more drilling to define a resource. The wildcat drilling at other prospects did not deliver a discovery but follow-up drilling is warranted at the newly identified hydrothermal centers at North Snake and Anderson, and many other prospects remain untested.

Click here to read the Prosperity Goldfields Corp. (TSXV:PPG) press release

See this press release on Marketwire
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