Prosperity Goldfields Corp. (TSXV:PPG) announced gold grain analysis results, which suggests southern extension of the Rusty Dsicovery. The analysis was completed on 44 bulk till samples collected during the summer exploration program at the Kiyuk Lake project in Nunavut.
As quoted in the press release:
Up to 1,720 gold grains per sample were counted in material from the Rusty, Cobalt and Amundsen discoveries. Abundant gold grains (926) in a sample 400m down-ice from the original Rusty discovery may indicate a proximal bedrock gold source suggesting significant south-ward extension of known Rusty mineralization.
Prosperity Goldfields Corp. CEO, Adrian Fleming said:
This systematic till sampling and additional gold grain analysis from selected till samples has been successful in allowing us to refine targets at Kiyuk. The indicated extensions to Rusty Zone, the Property’s highest ranked target, is a very positive development. This information will help the team to more precisely locate drill holes for the upcoming 2013 program.