Prodigy Gold Scores Encouraging Phreaker Polymetallic Results

THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) should attract some attention at the RIU Explorers Conference next week after announcing results from diamond drilling at the Phreaker prospect on the company’s Lake Mackay project in the Northern Territory.

The Lake Mackay project is located around 400 kilometres to the west of Alice Springs and includes a number of Joint Ventures with IGO (ASX: IGO).

Prodigy Gold completed a single diamond drill hole at the Phreaker prospect on the base metal tenements in November 2022 to follow-up highly encouraging polymetallic results from a 2021 IGO drill hole that returned encouraging polymetallic results.

PRDD2203
2.3 metres at 1.14 per cent copper, 0.97 per cent zinc, 9.1 grams per tonne silver and 0.11g/t gold from 739.8m, including 0.3m at 5.65 per cent copper, 3.64 per cent zinc, 45g/t silver and 0.7g/t gold from 741.5m;
3.3m at 0.42 per cent copper, 0.57 per cent zinc, 3.7g/t silver, and 0.26g/t gold from 697m; and
3.5m at 0.57 per cent copper, 0.34 per cent zinc and 3.8g/t silver from 718.5m.

“The completed sole funded drill programs at Lake Mackay have been undertaken to facilitate the restructuring of the JV’s with IGO, giving Prodigy Gold a majority interest in the gold tenements, while retaining its position in the base metal tenements,” Prodigy Gold managing director Mark Edwards said in the company’s ASX announcement.

“With the satisfaction of the sole funding commitments, Prodigy Gold will focus on advancing the gold prospects at Lake Mackay.

“Prodigy Gold has been reviewing exploration data for the gold tenements and is planning further drilling at the Goldbug prospect to follow-up on highly encouraging gold results previously reported by IGO.

“Drilling is planned for the second half of 2023 after drilling on our Tanami North project area has been completed.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE