Prosper Gold Introduces Exploration Targets at the Mohave Gold Project, Mohave County, Arizona, USA
May 2nd, 2023 TSXV: PGX
OTCQB: PGXFF
NEWS RELEASE
Prosper Gold Introduces Exploration Targets at the Mohave Gold Project,
Mohave County, Arizona, USA
Vancouver, British Columbia – May 2nd, 2023 – Prosper Gold Corp. ("Prosper Gold" or the "Company")
(TSXV:PGX) is pleased to introduce high priority exploration targets at the recently optioned Mohave Gold
Project in Mohave County, northwestern Arizona, USA. (see the Company's April 24, 2023 news release
for details ) The large low -sulphidation epithermal gold system at Mohave is comprised of three main
mineralized trends, only two of which have seen shallow historical drilling to date.
Exploration Target Highlights:
• Dixie Trend – 1.8 km x 1 km area of epithermal alteration and gold mineralization with 26
historical small-scale mine workings. No historical drilling.
• Klondyke trend – 1 km x 1 km area host to several zones of epithermal gold mineralization,
including past producing open-pit and underground Klondyke Mine.
• Golden Door Trend – 1.5 x 1 km area host to several past -producing, high grade gold mine
workings with only shallow drilling (average depth of 34 m).
“There are a number of highly prospective explorati on targets on the project. The Dixie Trend with
widespread high-grade gold at surface, anomalous gold-in-soil and 26 historical small-scale mine workings
has not seen a single drill hole,” commented Peter Bernier, CEO.
Mohave Gold Project
Exploration to date by historical operators has outlined several mineralized zones through relatively shallow
drilling along with additional targets outlined through geochemical and geophysical surveys which have
not been drill tested. Extensive alteration and widespread gold mineralization outlines three mineralized
trends: the Golden Door, the Klondyke and the Dixie trends. The Dixie trend has seen no drilling to date,
despite the presence of highly anomalous rock and soil geochemistry and the presence of numerous
historical workings.
Figure 1. Map showing compiled historical rock sampling results (gold) and location of
historical workings/prospects of three mineralized gold trends at the Mohave Gold Project.
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Dixie Trend
The Dixie Trend is characterized by moderately to steeply dipping quartz-calcite ± adularia-chalcedony
veins flanked by quartz-sericite-pyrite alteration within a 1.8 km by 1 km area. Historical composite chip
sampling results of up to 4.0 m grading 15.8 gpt gold show potential for high-grade gold at the Dixie Trend.
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Despite the presence of widespread high -grade gold at sur face, anomalous gold -in-soil and 26 historical
mine workings this area has never been drilled.
Historical mine workings in the area range from short adits to the relatively large Dixie Queen Mine (Figure
3). Higher gold grades are associated with quartz -calcite vein breccias, proximal to both NNW and NE
trending structures. A significant amount of diking persists across the Dixie Trend, associated with a SW-
NE trending, dilational structural corridor.
Figure 2. Map of Dixie Trend area showing historical soil and rock geochemistry (gold)
relative to historical prospects and workings, underlain by property geology.
Figure 3. Select 2020 rock sampling results from the Dixie Trend area. A) Sampling of
quartz-calcite vein breccia at adit of Jamie prospect. B) Massive calcite -quartz vein at
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Cottonwood prospect. C) Grab sampling of quartz -calcite veining near Dixie Queen mine
entrance. D) Sampling of sheeted calcite-quartz veinlets at Jack’s Hill prospect.
Klondyke Trend
The Klondyke Tr end, situated in the central portion of the Mohave Gold Project , is characterized by
widespread sub-horizontal to locally steeply dipping quartz-calcite ± adularia-chalcedony veins within a 1
km by 1 km area. The Klondyke deposit has been interpreted as a low-sulphidation epithermal gold system
that has been tilted almost 90 degrees with originally sub -vertical veins being rotated to sub -horizontal.
This interpretation is supported by alteration mapping completed in 2020 which indicates higher -
temperature hydrothermal alteration (quartz -sericite-pyrite) in the east and high -level lower temperature
alteration to the west (clay -hematite). The presence of sporadic sub -vertical veining in this area is likely
due to gold-hosting veins being emplaced relatively late in the period of extension and associated westward
rotation.
A total of 373 historical drill holes with an average length of 43.4 metres completed by historical operators
in the 1980’s and 1990’s primarily focused on defining shallow oxide gold mineral ization in and around
the area of the past -producing Klondyke Mine open pit. Historical drill results at the Klondyke Mine
prospect include 6.57 gpt gold over 9.1 m in drill hole M80R -003 and 5.63 gpt gold over 10.7 m in drill
hole M87A-117. The Klondyke deposit remains open to the northeast, to the west and to depth.
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The Apex prospect, approximately 500 m north of the center of the Klondyke Mine deposit has seen limited
drilling to date though intercepts up to 4.27 gpt gold over 4.6 m in drill hole 89A-244. Approximately 500
to the southeast of the center of the Klondyke Mine deposit historical chip sampling results include 8.56
gold over 2.0 m and 8.16 gpt gold over 2.0 m. Additional exploration targets at depth beneath strong quartz-
sericite-pyrite alter ation approximately 700 east of the Klondyke Mine deposit have been outlined by
previous operators and have seen limiting exploration and no drilling.
Figure 4. Maps showing geologic and alteration mapping of Klondyke Trend, with soil and
rock geochemistry and select historical drill intercepts
Figure 5. Select 2020 rock sampling results from the Klondyke Trend area. A) Composite
chip sampling of brec ciated quartz-chalcedony-calcite veins in hanging wall of Klondyke
fault. B) Sampled vein breccia composed of brecciated chalcedony vein cemented by
banded quartz-calcite veins at Klondyke Mine prospect. C) Sampling of chalcedony breccia
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in footwall of fault at the Apex prospect. D) Sub-vertical swarm of chalcedony and calcite
veins at North Klondyke prospect.
Golden Door Trend
The Golden Door Trend comprises a 1.5 km by 1 km area with 6 historical small -scale mine workings.
Gold mineralization in this portion of the property consists primarily of sub -horizontal quartz-calcite ±
chalcedony-adularia veins, vein breccias and mineralized tectonic breccias.
Of the six significant prospects five have seen shallow Reverse Circulation and Rotary Air Blast drilling.
Historical drill results include 6.75 gpt gold over 7.6 m in drill hole M81R-035 at the Golden Ram prospect,
8.1 gpt gold over 4.6 m in drill hole M87A -083 at the Golden Door prospect and 1.39 gpt gold over 35.1
metres in drill hole M80R-149 at the Scout prospect.
The Red Gap prospect in the northwestern portion of the Golden Door Trend has seen no drilling to date.
The prospect has locally high -grade gold mine ralization coincident with highly anomalous gold -in-soil
geochemistry over an area of 600 m by 250 m. The majority of historical workings within the Golden Door
Trend underlie the Red Gap prospect where silicified rhyolites yielded 8.91 gpt gold over 1.6 m in 2020
chip sampling.
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Figure 6. Map of Golden Door Trend showing historical soil and rock geochemistry
relative to historical prospects and workings, underlain by property geology. Select
historical drill intercepts shown.
Figure 7. Select 2020 rock sampling results from the Golden Door Trend area. A) Sampled
quartz-calcite vein breccia with variable banding and lattice texture at Scout prospect. B)
Quartz-chalcedony vein breccia near Jim & Jerry mine entrance. C) Sampling of multi -
stage vein breccia with abundant chalcedony at Golden Door prospect. D) Chip sampling
of silicified rhyolite with quartz stockwork veining and iron-oxide at Red Gap prospect.
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About Prosper Gold
Prosper Gold Corp. is a mineral exploration and development company focused on discovering high-grade
gold deposits in stable jurisdictions. The Company holds a 100% interest in the Golden Sidewalk Project
in the Red Lake Mining Division of northwestern On tario, Canada, and holds the right to earn a 100%
interest in the recently optioned Mohave Gold Project in Mohave County, northwestern Arizona, USA.
The Mohave Gold Project is host to a large, robust low -sulphidation epithermal gold system with over 40
historical small-scale mine workings, over half of which have not seen any drilling to date. The Project
comprises 160 contiguous mining claims covering 1,176 hectares in the Mohave County, northwestern
Arizona. It is road-accessible with a well-developed network of access roads to historical workings and drill
sites. The Project is permitted for construction of up to 600 drill sites and approximately 27 kilometres of
access roads.
The Golden Sidewalk is a district-scale Archean orogenic gold exploration project covering over 160 square
kilometres of contiguous mineral claims and mining leases in the western Birch -Uchi Greenstone Belt,
approximately 60 km east of Red Lake, Ontario and 60 km northeast of Kinross Gold’s Dixie Project,
acquired from Great Bear Resources in 2022. The vehicle-accessible project straddles 12 kilometres of the
Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional -scale feature that has been the
Red Lake exploration guide, but which has seen limited exploration in the p roject area. The “Golden