Prodigy Gold JV Hits Bedrock Gold at Lake Mackay

THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) reported results from drilling completed on the Lake Mackay project in the Northern Territory.

The Lake Mackay project is held in Joint Venture with IGO Limited (ASX: IGO), with IGO holding a 70% JV interest in the tenements and Prodigy Gold holding a 30% JV interest.

Recent work at Lake Mackay has focused on drilling six targets considered prospective for cobalt-nickel-manganese, gold and copper mineralisation, with a total of 65 aircore holes completed in the most recent program.

The targets included the Goldbug gold prospect, Grimlock nickel-cobalt prospect, Grapple prospect and first drilling completed at the Swoop nickel-cobalt target.

Bedrock gold was intersected at Goldbug prospect, returning:

16 metres at 1.15 grams per tonne gold, 4m at 0.78g/t gold and 4m at 1.54g/t gold.

8m at 1.2g/t gold.

The Goldbug soil gold anomalism has been extended for 600m and is open to the east and north west – located 50km to the east of the Arcee Gold prospect.

Cobalt was intersected by shallow drilling at the Swoop prospect with results of up to 0.15 per cent cobalt and 0.67 per cent nickel in AC drilling.

Additional cobalt and nickel results at the Grimlock target returned up to 0.29 per cent cobalt and 1.56 per cent nickel in AC drilling.

“The JV continues to systematically explore the large-scale Lake Mackay project for multiple styles of precious and base metals mineralisation, and these latest results have provided us with some encouraging insights,” Prodigy Gold managing director Matt Briggs said in the company’s ASX announcement.

“Bedrock gold has been intersected in RC drilling at Goldbug for the first time.

“This is a large-scale soil anomaly extending for over 600 metres.

“Goldbug is located 50 kilometres to the east of the Arcee gold prospect that yielded a previous result of 12 metres at 3.5 grams per tonne gold, so we have prioritised this target for further follow-up work.”