Prospector Reports High-Grade Outcrop Results up to 156 g/t Au From the Bueno Target, ML Project, Yukon: Drilling Expected to Begin by end of June
Prospector Reports High-Grade Outcrop
Results up to 156 g/t Au From the Bueno
Target, ML Project, Yukon: Drilling Expected
to Begin by end of June
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2025) -
Prospector Metals Corp.
(TSXV:
PPP) (OTCQB: PMCOF) (FSE: 1ET) ("
Prospector
" or the "
Company
") announces results of 25
surface rock samples collected by Company geologists from the ML Project ("ML") in late May, 2025.
The samples are all from the undrilled Bueno Target. Bueno consists of several mineralized trends
identified as T1, T4, T6 and T8.
Key Point Summary
High-grade surface outcrop samples of 23.6 g/t Au, 51.7 g/t Au, 108 g/t Au, 119 g/t Au and 156 g/t
Au were obtained over the T1 & T6 trends at the Bueno Target. These results significantly extend
the known length of the surface mineralization and are associated with previously undrilled
structural zones.
Additional significant surface results of 5.92 g/t Au and 6.39 g/t Au were obtained from the T4
trend. This trend is likely parallel to the T1 trend separated by approximately 50m. The T4 trends
has also never been drill tested.
Prospector is scheduled to begin its maiden drill program at ML before the end of June. The
program comprises a fully funded diamond drill campaign of 5,000m designed to test high-priority
target areas identified in 2024. At least 6 target areas intend to be drilled including, Bueno, Skarn
Ridge, Rubble, Fishbowl, Java and North Vein targets. A detailed slide deck outlining the specific
target areas and drill strategy can be found at the following link:
Prospector Metals Corp. |
Presentations and Downloads
.
"
Our technical team visited the Bueno target as soon as the snow melted this Spring in order to
ground truth some conceptual ideas constructed over the winter months and the results represent
some of the highest gold assays ever reported from ML,
" stated Rob Carpenter, President and CEO of
Prospector metals Corp. "
We will begin drill testing these targets in the coming weeks."
Descriptions and Results
In late May 2025, a sampling program was conducted to validate geologic controls on the Bueno target
based on analysis of historical results, LiDAR, air photos, and World View – 3 imagery during the winter
months. A total of 25 rock grab and chip samples were collected from outcrop, subcrop, and adjacent
talus and returned results from 0.016 - 156 g/t Au.
Multi-element analysis of the samples is currently in
progress and will be presented in due coarse.
The focus of the work was on four historic blast trenches placed on the target in 1998 over a 300m strike
length and adjacent areas; specifically T1, T4, T6, & T8. Highlights of the historic work included 14.51 g/t
Au over 6m from T1; 1.56 g/t Au over 25m from T4; and grab samples of 210 g/t Au and 387.5 g/t Au
(1)
.
The purpose of the 2025 work was to confirm the tenor and location of the historic results and assess the
geological controls on mineralization. Results from the specific areas are discussed in more detail
below.
Figure 1: Bueno Target showing 2025 sample locations with gold results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1564/255002_ca9790a544325b23_002full.jpg
T1
A total of 9 samples were collected from the T1 area and included samples from outcrop/subcrop of 23.6
g/t Au, 51.7 g/t Au, 119 g/t Au, and 156 g/t Au. The mineralization in the area is hosted within strongly
calc-silicate altered metasediments cut by strong NE and E-W trending fractures with disseminated to
massive arsenopyrite +/- chalcopyrite-pyrrohtite. The strongest mineralization is associated with NE
trending quartz veining, silicification, and localised brecciation that overprints the calc-silicate alteration,
and mineralization is open beyond the limits of the historic trench to the NE and SW.
Figure 2: Outcropping mineralization on T1 showing 2025 sample locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1564/255002_ca9790a544325b23_003full.jpg
T4
Four samples were collected from the T4 area and included results of 1.19 g/t Au and 6.39 g/t Au, and
follow up on samples from the 2024 program of 7.42 g/t Au and 34.64 g/t Au
(2)
. Mineralization from the
area appears to be associated with NE trending, strongly altered, fine grained feldspar porphyry dike(s)
with disseminated arsenopyrite-chalcopyrite mineralization.
T6
Six samples were collected from outcrop/subcrop on the ridgeline above the T6 trench and included
results of 1.8 g/t Au and 108 g/t Au. The mineralization is similar to T1 and consists of disseminated to
massive arsenopyrite-chalcopyrite within calc-silicate altered metasediments with strong NE oriented
fracturing, localised brecciation, and quartz veining/silicification. The northern portion of T6 could not be
assessed due to snow cover.
T8
Five samples were collected from the T8 area and included results of 5.92 g/t Au. The mineralization
occurs within strongly fractured calc-silicate altered metasediments with disseminated to massive
arsenopyrite +/- chalcopyrite on the margin of a NNE trending, steeply dipping, megacrystic feldspar
porphyry dike.
Overall, the program confirmed the historic sampling results and indicate that gold mineralization in the
Bueno area is controlled by a series of NNE trending, steeply dipping structural trends and associated
feldspar porphyry dikes with secondary controls including lithologic contacts and structural intersections.
Gold mineralization appears to be late with the highest-grade values associated with quartz veining,
silicification, and localised brecciation that overprints early calc-silicate alteration. It should be noted, one
historic drill hole (SK05-01) is located in the Bueno area and returned only anomalous results. However,
the hole was drilled to the north and the current interpretation indicates it was drilled subparallel and
outside of the mineralized structural trends.
Bueno is a high priority drill target for the upcoming maiden ML drill program scheduled to begin before
the end of June. The program comprises a fully funded diamond drill campaign of 5,000m designed to
test high-priority target areas identified in 2024. At least 6 target areas intend to be drilled including,
Bueno, Skarn Ridge, Rubble, Fishbowl, Java and North Vein targets. A detailed slide deck outlining the
specific target areas and drill strategy can be found at the following link:
Prospector Metals Corp. |
Presentations and Downloads
.
Assay Methodology & QA/QC
The analytical work on the ML Project was performed by AGAT Labs, an internationally recognized
analytical services provider, located in Calgary, Alberta. All rock samples were prepared using
procedure 200-075 (Dry, crush to 70% passing 2mm, riffle split off 250g, pulverize split to better than
85% passing 75 microns) and analyzed by method 202-051 (30g fire assay with AAS finish) and 201-
074 (Multi-element analysis with aqua regia digest and ICP-OES/MS finish). Samples containing >10g/t
Au were reanalysed using a 50g Fire Assay with a Gravimetric finish. Samples containing >100 ppm Ag
and/or >1% Cu, Pb, & Zn were reanalyzed using a 4-acid digest and ore grade ICP-OES analysis.
The reported work was completed using industry standard procedures, including a quality
assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks and
duplicates into the sample stream. The Qualified Person has reviewed the data and detected no QA/QC
issues.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jodie Gibson,
P.Geo., Vice President Exploration of Prospector, and a Qualified Person as defined under National
Instrument NI 43-101 ("NI 43-101").
About Prospector Metals Corp.
Prospector Metals Corp. is a proud member of Discovery Group. The Company is focused on district
scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through
new discoveries, the Company identifies underexplored or overlooked mineral districts displaying
important structural and mineralogical occurrences similar to more established mining operations. The
majority of acquisition activity occurs in Yukon and Ontario, Canada – Tier-1 mining jurisdictions with an
abundance of overlooked geological regions possessing high mineral potential. Prospector establishes
and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships
and agreements that are mutually beneficial to all interested parties.
On behalf of the Board of Directors,
Prospector Metals Corp
.
Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO
For further information about Prospector Metals Corp. or this news release, please visit our website at
prospectormetalscorp.com
or contact Prospector at 1-778-819-5520 or by email at
.
Prospector Metals Corp. is a proud member of Discovery Group. For more information, please visit:
discoverygroup.ca
.
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian
securities legislation, including, but not limited to, statements regarding the Company's plans with
respect to the Company's projects and the timing related thereto, the merits of the Company's projects,
the Company's objectives, plans and strategies, and other project opportunities. Although the Company
believes that such statements are reasonable, it can give no assurance that such expectations will prove
to be correct. Forward-looking statements are statements that are not historical facts; they are generally,
but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar
expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are
those statements, which, by their nature, refer to future events. The Company cautions that forward-
looking statements are based on the beliefs, estimates and opinions of the Company's management on
the date the statements are made and they involve a number of risks and uncertainties. Consequently,
there can be no assurances that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. Except to the extent required by
applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no
obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or
other factors, should change. Factors that could cause future results to differ materially from those
anticipated in these forward-looking statements include the risk of accidents and other risks associated
with mineral exploration operations, the risk that the Company will encounter unanticipated geological
factors, or the possibility that the Company may not be able to secure permitting and other agency or
governmental clearances necessary to carry out the Company's exploration plans and risks of political
uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its
business that might interfere with the Company's business and prospects. The reader is urged to refer to
the Company's reports, publicly available through the Canadian Securities Administrators' System for
Electronic Document Analysis and Retrieval (SEDAR+) at
www.sedarplus.ca
for a more complete
discussion of such risk factors and their potential effects.
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.
(1)
Bordin, Papageorge, & Kuran (1998). 1998 Geological, Geochemical, and Geophysical Program on the Mike Lake Property. Yukon
Assessment Report 093922.
(2)
See the Companies news release dated Aug. 15, 2024. Available on SEDAR+.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/255002