Prospector Defines Multiple Gold Trends at Skarn Ridge: Drilling highlights include: 61.45 g/t Au over 1.9m and 4.64 g/t Au over 10m; 2.97 g/t Au over 25m; and 141 g/t Au over 0.5m. Surface Mapping and Sampling Extends Skarn Ridge Corridor an Additional 750m Along
Suite 1020 – 800 West Pender Street, Vancouver, BC V6C 2V6
Prospector Defines Multiple Gold Trends at Skarn Ridge:
Drilling highlights include: 61.45 g/t Au over 1.9m and 4.64 g/t
Au over 10m; 2.97 g/t Au over 25m; and 141 g/t Au over 0.5m.
Surface Mapping and Sampling Extends Skarn Ridge Corridor an Additional 750m Along
Trend: High-Grade Grab Samples Yield 57.8 g/t Au and 109 g/t Au
Skarn Ridge is Located 4 kilometres Southwest of the Recently Discovered TESS Zone. The
Gap Between These Two Zones Remains Largely Unexplored
Vancouver, BC October 15, 2025 Prospector Metals Corp. (“Prospector” or the “Company”) (TSXV: PPP;
OTCQB: PMCOF; Frankfurt: 1ET0) today announced final assay results for 12 drill holes from the Skarn
Ridge – Bueno Trend (ML25-12 to 23). The Skarn Ridge – Bueno Corridor can now be traced in drilling for
at least 1.4 kilometres and new mapping and prospecting results suggest it extends at least 2.0 kilometres.
Skarn Ridge is located 4 kilometres to the southwest of the recently discovered TESS Zone. This 4km gap
has yielded some high grade gold surface samples in limited work to date (Figure 1) but remains largely
unexplored.
Drill results have now been release d for 24 of 39 holes drilled property-wide in 2025. Results remaining
are from holes drilled at Skarn Ridge (8 holes), Bueno (4 holes), TESS – North Vein area (1 hole), Fishbowl
(1 hole) and Lorrie (1 hole).
Rob Carpenter, Ph.D., PGeo., President, CEO and Co -Chairman of Prospector, stated : “Skarn Ridge
represents a wide structural corridor hosting multiple, parallel trending gold zone which are dipping near
vertical. These zones are open along trend and at depth. Skarn Ridge is a distinct zone from our newly
discovered TESS Zone, separated by a 4-kilometre gap that will be further evaluated in our next phase of
exploration. Our maiden drill program in 2025 has successfully identified numerous high-grade gold trends
across the claim block suggesting the presence of a district-scale mineralizing system."
Key Point Summary
• The Skarn Ridge – Bueno Corridor can now be traced in drilling for at least 1.5 kilometres and new
mapping and prospecting results suggest it extends at least 2.0 kilometres. Drill results include
2.97 g/t Au over 25m from 137m downhole ( ML25-014), 61.45 g/t Au over 1.9m from 21.9m
downhole plus 4.64 g/t Au over 10m from 51m downhole (ML25-022), and 141 g/t Au over 0.5m
from 63.75m downhole (ML25-023).
• Significant intervals of Copper (Cu) were also intersected at Skarn Ridge including 0.72% Cu over
41.15m from 83m downhole (ML25-012), 0.61% Cu over 20m from 108m downhole (ML25-013),
and 0.54% Cu over 14.45m from166m downhole (ML25-019).
• New prospecting results along the projected extension of Skarn Ridge have yielded up to 57.8 g/t
Au and 109 g/t Au from grab samples. Additional surface prospecting results from the TESS area
are pending.
• The next phase of exploration will include follow up drilling on both the TESS -Java and Skarn
Ridge-Bueno discovery areas, as well as further exploration of the prospective 4km gap between
these zones.
Skarn Ridge – Bueno Trend Interpretation
The assays received to date and visual observations from pending holes confirm that gold mineralization
from Skarn Ridge to Bueno is hosted within a series of north -northeast trending, steeply dipping,
structural zones and associated splays. Individual mineralized trends range from 1-2m wide up to 44m
wide and can be traced in multiple drill holes (i.e. ML-10-13 and 22-23) The corridor has now been traced
over 1.5km along strike and have over 600m of vertical continuity. The 2025 drilling at Skarn Ridge – Bueno
successfully confirmed key structural interpretations for the ML project resulting in a new exploration
model that can be applied project-wide
Within the structural corridors, gold mineralization is noted in every rock type on the Skarn Ridge-Bueno
Trend and is best developed within strongly fractured/brecciated calc -silicate altered and/or iron rich
units, and along lithologic contacts. The gold mineralization is, locally, coincident with significant copper
mineralization, however, the gold and copper mineralizing events appear to be independent of each
other. Gold is focused within structural corridors and is strongly associated with bismuth and tellurium
mineralization, whereas copper is more broadly distributed and only occurs within strongly calc -silicate
altered units.
Figure 1: ML Property Target Areas
Skarn Ridge
A total of 2,976.84m over 18 drill holes were completed on the Skarn Ridge target. To date, results have
been received for ten holes; including previously announced results on ML25-10 & -011(1). The holes were
designed to test previously unrecognized north -northeast trending structural controls associated with
historically reported gold-copper mineralization on the target (Figure 1).
ML25-012 & -013 were drilled from the same location 52m north of ML25-010 & -011. Both holes were
drilled at a 300o azimuth and -45o and -60o dips, respectively. Both holes intersected a broad, up to 150m,
zone of calc -silicate altered siltstone and marl with disseminated to fracture controlled pyrrhotite -
arsenopyrite-chalcopyrite mineralization and anomalous gold and copper values. The most significant
mineralization is associated with zones of increased fracturing, veining, and brecciation and include 12.5m
of 0.735 g/t Au & 0.26% Cu from 16.5m depth and 5m of 2.13 g/t Au & 0.99% Cu from 85m depth in ML25-
012. The lower 5m zone of Au mineralization occurs within a broader interval of significant Cu
mineralization of 41.15m of 0.72% Cu from 83m depth; incl. 3.25m of 2.19% Cu from 120.9m depth.
Mineralization in ML25-013 includes 4m of 1.11 g/t Au from 17m depth, 12.02m of 1.84 g/t Au & 0.42%
Cu from 39.98m depth, and 3m of 1.49 g/t Au & 1.04% Cu from 124m depth. Similar to ML25 -012, the
lower gold intercept is contained within a broader zone of copper mineralization of 20m of 0.61% Cu from
108m depth: incl. 8m of 1.06% Cu from 117m depth.
ML25-014 & -015 were drilled from the same location 232m east of ML25-012 & -013. Both holes were
drilled at a 300o azimuth and -45o and -52o dips, respectively. ML25-014 returned 25m of 2.97 g/t Au from
137m depth; incl. 3m of 19.56 g/t Au from 137m depth. The mineralization is associated with disseminated
to fracture controlled arsenopyrite – pyrrhotite (+/ - chalcopyrite) mineralization within strongly calc -
silicate altered siltstone/sandstone and mafic sills. The most significant gold mineralization corresponds
to a structural zone associated with increased fracturing/veining and brecciation, multiple generations of
arsenopyrite mineralization, and coarse Bi -Te minerals. ML25 -015 was designed to undercut the high -
grade mineralization in ML25-014, but the hole was lost before reaching target depth.
ML25-019 & -020 were drilled from the same location, 250m south of ML25-010 & -011. Both holes were
drilled at a 300o azimuth and -45o and -60o dips, respectively, and intersected three subvertical zones of
gold and copper mineralization. Gold values were consistently anomalous across the zones with the best
values returning from ML25-020 and include 1.9m of 9.91 g/t Au from 128.1m depth and 5m of 1.88 g/t
Au from 147m depth. Additionally, both holes returned significant copper intercepts in the lowest zone
and include 14.45m of 0.54% Cu from 166m depth; incl. 1.45m of 1.28% Cu from 179m depth from ML25-
019 and 26m of 0.35% Cu from 220m depth; incl. 5m of 0.73% Cu from 240m depth from ML25-020. It
should also be noted that the lower Cu -Au zone is along the projection of mineralized structures
intersected in ML25-010 to -013 to the north.
ML25-022 & -023 were drilled from the same location 38 m south of ML25-010 & -011. Both holes were
drilled at a 300o azimuth and -45o and -70o dips, respectively. Both holes intersected broad zones (up to
90m of strongly calc -silicate altered siltstone, marl, and gabbro. ML25 -022 returned multiple discreet
intercepts including 4m of 1.43 g/t Au & 0.29% Cu from 9m depth, 1.9m of 61.45 g/t Au & 0.34% Cu from
29.1m depth, 5.05m of 1.98 g/t Au from 38.95m depth, and 10m of 4.64 g/t Au & 0.41% Cu from 51m
depth; incl. 6m of 6.84 g/t Au & 0.53% Cu from 53m depth. ML25-023 also returned multiple intercepts
including 9m of 1.10 g/t Au & 0.17% Cu from 26m depth, 0.5m of 141 g/t Au from 63.75m depth, and 7m
of 2.01 g/t Au & 0.65%Cu from 83m depth. The intervals from both holes are correlated and confirm
subvertical structural controls on gold mineralization on the Skarn Ridge target.
Table 1: Summary of Skarn Ridge Drill Intercepts
Hole ID From (m) To (m) Interval (m) Au (g/t) Cu (%) Ag (g/t)
ML25-010 44.00 89.65 45.65 2.11 0.48 8.56
Incl 51.00 61.00 10.00 4.37 0.26 6.14
Incl 71.00 88.00 17.00 2.64 0.88 15.00
ML25-011 31.00 54.00 23.00 0.70 0.52 9.48
Incl. 40.00 44.00 4.00 1.85 0.88 17.75
And 91.00 102.00 11.00 1.06 0.68 11.82
And 84.00 97.90 13.90 0.94 15.74
ML25-012 16.50 29.00 12.50 0.735 0.26 5.18
Incl. 22.00 27.00 5.00 1.06 0.23 4.78
And 83.00 109.00 26.00 0.57 0.73 12.28
Incl. 85.00 90.00 5.00 2.13 0.99 36.32
Within 83.00 124.15 41.15 - 0.72 12.25
Incl 120.90 124.15 3.25 - 2.19 36.32
ML25-013 17.00 21.00 4.00 1.11 0.14 3.30
And 39.98 52.00 12.02 1.84 0.42 8.80
Incl. 50.02 52.00 1.98 6.57 1.28 28.98
And 124.00 127.00 3.00 1.49 1.04 17.59
Within 108.00 128.00 20.00 - 0.61 10.71
Incl. 117.00 125.00 8.00 - 1.06 17.96
ML25-014 137.00 162.00 25.00 2.97 - -
Incl. 137.00 140.00 3.00 19.56 - -
Incl. 138.50 140.00 1.50 37.40 - -
ML25-015 93.00 94.00 1.00 1.25 0.22 2.94
ML25-019 125.50 126.40 0.90 0.132 1.27 21.30
And 158.50 160.55 2.05 0.511 0.69 13.79
And 166.00 180.45 14.45 - 0.54 10.57
Incl. 179.00 180.45 1.45 - 1.28 26.42
ML25-020 128.10 130.00 1.90 9.91 - -
And 147.00 152.00 5.00 1.88 - -
And 240.00 245.00 5.00 0.93 0.73 12.29
ML25-022 9.00 13.00 4.00 1.14 0.29 -
And 29.10 31.00 1.90 61.45 0.34 -
Incl. 30.00 31.00 1.00 109 0.43 17.60
And 38.95 44.00 5.05 1.98 0.12 -
And 51.00 61.00 10.00 4.64 0.41 -
Incl. 53.00 59.00 6.00 6.84 0.53 -
ML25-023 26.00 35.00 9.00 1.43 0.17 3.96
And 63.75 64.25 0.50 141 - 27.40
And 83.00 90.00 7.00 2.01 0.65 14.30
Figure 2: Plan map of 2025 drilling on Skarn Ridge
Figure 3: Cross-sections of ML25-012/-013 (top), ML25-010/-011 (middle), and ML25-022/-023
(bottom)
Figure 4: Cross-section of ML25-014
Bueno
A total of 2,322.27m over 13 drill holes were completed on the Bueno target. To date results have been
received for ten holes, including previously announced holes ML25-001 to - 006(1). Gold and/or
mineralization was intercepted within all holes received to date and correspond to a series of NNE
trending structural zones cutting calc -silicate to hornfels altered shale, sandstone, siltstone, and mafic
sills/dikes with disseminated to vein controlled pyrrhotite, pyrite, chalcopyrite, arsenopyrite, and, locally,
Bi-Te mineralization