Prodigy Gold to Drill EM Conductor at Reynolds Range

THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) has identified a large, strong electromagnetic (EM) conductor coincident with surface copper, lead, silver, zinc, and gold anomalism on the company’s Reynolds Range project in the Northern Territory.

Prodigy Gold made the identification from the first moving loop electromagnetic (MLEM) survey to be conducted on the Reynolds Range project.

Subsequently, a diamond drilling program comprising two holes 600 metres apart and 400m to 500m deep has been fast-tracked to test the Scimitar conductor.

Prodigy Gold is also planning drill programs to test a number of other encouraging targets including Falchion and Sabre as part of a comprehensive program to systematically explore the Reynolds Range project.

“The Scimitar conductor was first recognised in a Tempest EM survey completed several years ago, and recent mapping and ground truthing completed by our team has identified significant outcrops of malachite (copper oxides) and gossans overlying and adjacent to this conductor which is very encouraging,” Prodigy Gold managing director Matt Briggs said in the company’s ASX announcement.

“A subsequent ground EM survey has confirmed and further refined the target position of Scimitar.

“This target has never been effectively drill tested.

“Modelled conductors do not project to surface and the strongest response starts 240 metres below surface.

“Previous grid drilling conducted in the area was typically less than five metres deep with drill lines ending south of the surface projection of the modelled conductor.”

 

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Web: www.prodigygold.com.au