Prosper Gold Receives Permits for 10,000 Metres of Drilling at Golden Sidewalk Project - Red Lake, ON

Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) is pleased to announce it has received all exploration permits required for the 2021 Phase 1 10,000 metre diamond drilling program at the Golden Sidewalk Project (the "Project"). The Company has selected Boart Longyear, the world's leading provider of drilling services, drilling equipment and performance tooling for mining and drilling companies, as the drill contractor for the Project.

"Diamond drilling at the Golden Corridor is scheduled to commence May 15 th with crews scheduled to mobilize to site in late April to construct a camp capable of year-round operation," commented Peter Bernier, CEO. "We are eager to get on the ground and have the drills turning for the first ever drill program at the Golden Corridor Target."

10,000 metres of diamond drilling has been planned for Phase 1. The focus will be the Golden Corridor given its geologic potential and favourable multi-parameter geophysics supported by the Fall 2020 till sampling results. Permitted activities include diamond drilling, bedrock stripping and construction of drill access trails at the Golden Corridor and Skinner North target areas.

The Company would like to thank all stakeholders and government employees involved for their time and effort during this busy time in the mineral exploration industry.

About the Golden Sidewalk

The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases (see the Company's Aug. 10, Sept. 8, and Sept. 15, 2020 news releases for details) in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The vehicle-accessible project straddles 12 kilometres of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature that has been the Red Lake exploration guide, but which has seen limited exploration in the project area. The recently identified "Golden Corridor" lies immediately north of the unconformity in the western portion of the property and is characterized as a highly prospective, greater than 5 kilometre trend of coincident favourable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples covering 3.3 by 0.5 kilometres.

For a detailed overview of Prosper Gold visit www.ProsperGoldCorp.com

Qualified Person

The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., a Qualified Person under National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Per: " Peter Bernier "
Peter Bernier
President & CEO

For further information, please contact:

Peter Bernier
President & CEO
Prosper Gold Corp.
Cell: (250) 316-6644
Email: Pete@ProsperGoldCorp.com

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the planned exploration of the Golden Sidewalk project, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Prosper Gold

Prosper Gold

Exploring and Developing High-grade Gold Vein Systems in Safe Canadian Jurisdictions

Pinnacle Minerals

Pinnacle to Acquire Eight U.S. Critical Minerals, Gold & Silver Projects, Including Past-Producing Assets

PORTFOLIO INCLUDES SIX PROJECTS SURROUNDING PERPETUA’S STIBNITE MINE,AND TWO PROJECTS IN HISTORIC MINING DISTRICTS IN WASHINGTON STATE

Pinnacle Minerals Limited (ASX: PIM) (“Pinnacle” or the “Company”) is pleased to announce it has entered into a binding agreement for the strategic acquisition of Idaho Antimony Critical Minerals Pty Ltd, an entity that has a binding option agreement to acquire Idaho Antimony Corporation,... Keep Reading...
Blackrock Announces Arrangements to Address Mailing of Meeting Materials Resulting from the Canada Post Strike

Blackrock Announces Arrangements to Address Mailing of Meeting Materials Resulting from the Canada Post Strike

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) ("Blackrock" or the "Company") announces that, due to the current delay of mail service in Canada due to the nationwide strike of the Canadian Union of Postal Workers (the "Postal Strike"), the Company may be unable to fully... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...
Yvonne Blaszczyk, gold bars and chess piece.

Yvonne Blaszczyk: Gold, Silver, Platinum — Flashpoints Everywhere, Moves Just Starting

Yvonne Blaszczyk, president and CEO of BMG Group, discusses the factors that have pushed gold past US$4,000 per ounce and shares her next price target for the metal. In her view, US$5,000 is in the cards, and the outlook is strong for silver and platinum as well. Don't forget to follow us... Keep Reading...
Gold bars on financial charts and a notebook.

Top 5 ASX Gold Stocks of 2025

The gold price soared during the third quarter of 2025, and in October reached new all-time highs above AU$6,000 per ounce. The gold bull market has been fueled by a number of factors. Among them is economic uncertainty brought on by a chaotic US trade and tariff policy, which has prompted... Keep Reading...
Trading Halt

Trading Halt

CuFe Limited (CUF:AU) has announced Trading HaltDownload the PDF here. Keep Reading...

Latest Press Releases

Related News