Prize Mining extends Interest in Shear Zone through Option of Toughnut Property

Prize Mining (“Prize” or the “Company”) (TSXV:PRZ ) (MQSB:GR:FRANKFURT) is pleased to announce that it has entered into an option agreement to acquire 100% interest in the Toughnut Property, located in south-eastern British Columbia.
The 1,010 hectare Toughnut Property lies contiguous to the west side of Prize’s Daylight Property, where an extensive summer exploration program is about to begin. The Toughnut claims strategically cover over 3.5km strike length of the Silver King shear including most of the mineralized land between Prize’s main Starlight-Daylight block and Prize’s Sand block to the northwest.
Feisal Somji, President and CEO of Prize Mining commented:

“This is a strategic acquisition for Prize Mining as we now control what we believe to be the most significant part of the mineralized Silver King shear zone.
This parcel of land will be play an important role in this summer’s exploration program as we prepare to drill this fall.”

The Toughnut Showing (MF 092FSW294) which includes old pits, shafts and trenches had grab samples from Pacific Sentinel in 1989 that returned 6.64 g/t, 8.65 g/t, and 32.8 g/t Au with associated silver ranging between 33 and 175 g/t Ag.
Follow up diamond drilling by Valterra Resource in 2010 returned a best intercept of 6.9 g/t Au and 143 g/t Ag over 2.0m, and 4.05 g/t Au over 8.0m in hole VTN10-005.
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