Prosper Gold Corp. 10,000m Drill Program Ashley Breaks and Galahad Targets – Northern Ontario
March 6, 2017 TSXV: PGX
NEWS RELEASE
Prosper Gold Corp. 10,000m Drill Program
Ashley Breaks and Galahad Targets – Northern Ontario
Quesnel, British Columbia – March 6, 2017 – Prosper Gold Corp. (“Prosper Gold” or the “ Company”)
(TSXV: PGX) announces a 10,000m drill program at the Ashley Gold Project (the “Project”) in Northern
Ontario. Phase 2 will target the recently discovered Ashley breaks adjacent to the Ashley Mine, a Kirkland
Lake style gold target. Drilling will also test the Galahad, a Young -Davidson style target, for structurally
controlled gold in the Galer Fault . An updated Ashley Gold Project presentation is available at
http://www.prospergoldcorp.com/s/ashley.asp
Ashley Breaks
Geophysical data from last summer’s CGG airborne survey shows generally continuous west-northwest
magnetic banding over the entire survey area. This is interpreted to reflect alternate layers of magnetic
basalt of the Blake River Assemblage. Directly south of the Ashley Mine area the regular magnetic striping
is profoundly disturbed in a newly discovered 3 km by 1 km area (Ashley Breaks). The disturbed magnetic
striping is interpreted to reflect at least five branching strands of a steeply dipping fault zone. The Ashley
Breaks is considered to represent a displacement transfer zone in a sinistral strike slip fault. The magnetic
expression is traced eastward from the Ashley Breaks about 8 km where it joins the Cadillac-Larder Lake
break, north of the Powell Syenite.
The Ashley Breaks have many characteristics of the Kirkland Lake and Timmins gold camps. 4,000m of
drilling is planned to test the multiple Ashley Breaks at branches, bends and splays along their length.
The Galahad
Similar to Young -Davidson, the Galahad is on a steeply dipping deep crustal break called the
Galer Fault, a branch of the C adillac-Larder Lake Break. The structure juxtaposes Abitibi greenstone on
the north side and intermediate volcanic rocks on the south. The Galer Fault contains slices of ultramafic
rocks, syenite and green carbonate (fuchsite mariposite bearing ferrocarbonate), classic host r ocks and
alteration seen at many Timmins and Kirkland Lake gold deposits including Young-Davidson.
“The newly discovered Ashley Breaks gives Prosper’s geological team the structural context for the Ashley
and Garvey gold veins and links it to known gold deposits in the area . Our crews are mobilizing in late
March for this fully funded drill program. We are eager to systematically test these targets .” commented
Peter Bernier, President and CEO.
Qualified Person
The scientific and technical information in this news release has been reviewed by Dirk Tempelman-Kluit,
PhD, P.Geo., a Qualified Person under National Instrument 43-101.
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For a detailed overview of Prosper Gold please visit www.ProsperGoldCorp.com
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.
Phone (250) 992-6644
Email: [email protected]
Information set forth in this news release may involve forward -looking statements under applicable
securities laws. Forward -looking statements are statements that relate to future, 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", "estimate", "expect", and "intend", statements
that an action or event "may", "might", "could", "should", or "wi ll" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, included herei n including, without
limitation, statements about the planned exploration of the Ashley Gold mine, 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, perfor mance 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 projects; 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 reports 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 obligation to
update forward-looking statements if the se 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.
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