Matheson, Ontario. 7 holes, in addition to the previously reported C001 (See the Company’s
March 29, 2019 TSXV: PGX
NEWS RELEASE
Prosper Gold Drills 7.9m @ 2.55 g/t Au, 16.67 g/t Ag, 0.4% Zn
– Currie Project – Matheson, Ontario
Vancouver, British Columbia – March 29, 2019 – Prosper Gold Corp. (“Prosper Gold” or the “Company”)
(TSXV: PGX) has completed the Phase 1 drill program at the Currie Project (the “Property”) southwest of
Matheson, Ontario. 7 holes, in addition to the previously reported C001 (See the Company’s November 5,
2018 news release), for a total of 2, 483.2m were d rilled, logged, and sampled by Prosper Gold. With
completion of Phase 1 at the Currie Project Prosper is now reviewing, analysing and planning future work
at Currie. In addition to Currie, 2019 fieldwork will include compilation and groundwork at the Company’s
Cadillac-Larder Lake Break Matachewan project ( See the Company’s March 1, 2016 news release for
Matachewan Project option details).
Currie drilling targeted the pyrite horizon in the Upper Tisdale Group. The focus was on enlarging and
deepening the zone and improving gold grades testing southeast, northwest, and below known
mineralization at the Grindstone Creek occurrence.
Mineralization is mostly in the massive to banded pyrite rich sections high in the felsic volcaniclastic unit
and the overlying graphitic argillite of the Upper Tisdale Assemblage. Pyrite is commonly banded or
layered with banding conformable with foliation. Minor dark sphalerite is disseminated within the massive
and semi massive pyrite and makes up 1% of the rock locally. A second type of sphalerite distinguished by
it honey colour and by the white calcite stringers within which it occurs is seen rarely. The honey coloured
sphalerite with its calcite veinlets cuts the cr ystalline banded pyrite and appears to be a late metamorphic
remobilized mineral phase.
Diabase dykes are commonly intersected in the drilling and are found most commonly directly adjacent to
mineralization.
Location and drill hole orientation data are given below.
HOLE -ID EASTING* NORTHING* ELEVATION AZIMUTH DIP LENGTH (m)
C002 526615.0 5370779.0 270 180 -45 200
C003 526475.4 5370605.6 270 0 -55 287
C004 526706.8 5370420.3 270 0 -65 515.2
C005 526570.0 5370500.0 288 15 -70 557
C006 526611.0 5370836.0 278 210 -45 305
C007 526371.8 5370652.2 270 0 -50 359
C008 526633.0 5370398.0 269 180 -45 260
*UTM ZONE 17-- NAD 83
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C002 was drilled to test mineralized zone orientation. It cut 7.9m @ 2.55 g/t Au, 16.67 g/t Ag,
0.4% Zn at the same depth 45m northwest of C001’s massive pyrite intercept of 19.6m @ 1.04 g/t
Au, 118.7 g/t Ag, 1.6% Zn (See the Company’s November 5, 2018 news release).
C003 drilled to test the westward extent cut 9m @ 0.29 g/t Au & 4.62 g/t Ag at 190m.
C004 and C005 tested to depth from the south. C004 intersected two anomalous intervals, one of
5m @ 0.31 g/t Au & 11.9 g/t Ag and a second of 40.5m @ 0.29 g/t Au & 10.0 g/t Ag. Both
intersections are about 125m below and southeast of known mineralization.
C005 cut 10.3m @ 0.17 g/t Au & 3.79 g/t Ag and 3m @ 0.51 g/t Au & 2.2 g/t Ag about 125m
below known gold intersections.
C006 cut 17.7m @ 0.16 g/t Au & 4.71 g/t Ag about 220m down hole.
C007 and C008, testing east and south, lack anomalous values.
Striplogs for each hole showing gold, silver and zinc results with lithology is available at
www.ProsperGoldCorp.com
Currie Project Description
The 2,000 hectare Currie Project, 8 km south of the Destor-Porcupine fault, is underlain by altered volcanic
and metasedimentary rocks of the Abitibi greenstone belt. The property hosts the Grindstone Creek
occurrence, a Gold -Silver-Zinc zone in massive and semi -massive pyrite -sericite schist (GCZ). The
sequence strikes ESE and dips steeply southwest as interpreted from drilling. Rocks are strained and
especially the felsic volcanic rocks show a strong SW dipping single phase fabric into which any earlier
layering would have been transposed. Diabase, a dyke or sill, dips steeply with the strata. Drill intersection
modeling shows it is a branching anastomosing unit or swarm with two or three separate arms. The diabase
envelope trends ESE, dips steeply, and is about 70m at its thickest. Overburden thickness is consistently
about 50 m as shown by the earlier holes and the geology is inferred from drill results to date and from
geophysical data, mainly airborne magnetics. Known mineralization is between 120 m to 300 m below
surface and occupies a zone about 300 m long, 100 m wide.
Prosper has the option to acquire a 100% interest in the Property (for details see the Company’s March 5,
2018 News Release).
Qualified Person
The technical information in this news release has been reviewed and approved by Dirk Tempelman-Kluit,
PhD, P.Geo., VP Exploration and Director of the Company and 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: [email protected]
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Information set forth in this news release may involve forward -looking statements under applicable securities laws. Forward -
looking statements are statements that relate to futu re, 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", "estimat e",
"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 Currie 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 project s; 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 re ports 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 obl igation 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.