The Mining Stock Report
Sign up to receive FREE investor kits from leading mining companies
We have a strict NO SPAM policy. Please read our privacy policy for details.
Prosperity Reports Drilling Results for Kiyuk Lake Property
Posted on May 29, 2012.
Prosperity Goldfields Corp. (PPG.V) reports the assay results for their 2652 meter drill program at the Kiyuk Lake gold property.
The Kiyuk Lake property is located in Southern Nunavut, Canada and covers 590 square kilometers. The assay results were highlighted by a number of high grade results, notably a 61.5 meter section at 3.34 g/t Au.
“The spring drill program, which had to be terminated early due to unseasonably warm conditions met our goals of further testing the three drill discoveries made in 2011 and drilling two new targets. The indication of a new discovery at Amundsen is an excellent development. There are now four zones of gold mineralization at Kiyuk which need more evaluation.” Comments Adrian Fleming, Prosperity CEO. “Not only did this spring drilling confirm the substantial potential at the Rusty Zone but it has further confirmed that additional exploration needs to be done on other yet to be drill tested targets on the property. We are now planning a summer exploration program which is expected to commence at the beginning of July.”
Disclaimer: MiningStockReport.com has not reviewed this press release, and does not accept any responsibility its adequacy or accuracy.
This information is provided on an “as-is” basis with no warranties of any kind. Always conduct your own due diligence before making any investment decisions.