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a u g u s t / s e p t e m b e r 2 0 1 6 www.resourceworld.com 43 Peter Bernier, Chairman, President, CEO, reports Prosper Gold Corp. [PGX-TSXV] is conducting airborne geophysical sur- veys at the 100% optioned (2% NSR) Ashley gold prospect in Ontario. The past- producing Ashley Mine is approximately 60 km south-southeast of Timmins. The company has partnered with CGG Multi- Physics to carry out a variety of surveys, including gravity, electromagnetic and magnetic surveys as well as ground-based magnetotellurics. Covering a 98 km 2 area, the surveys will assist Prosper in defin- ing drill targets for an upcoming drilling program. "We anticipate that our diamond drill- ing program will start in late August after we have modeled our soil surveys and geophysical data and picked our targets," said Bernier in a telephone interview. "We are considering about 40 drill holes total- ing some 7,000 metres." He explained that although the Ashley Mine was an underground operation, the company is not looking at dewatering the mine. In fact, Prosper is seeking a bulk tonnage target, rather than just high-grade narrow veins. The Ashley Mine produced 50,099 ounces of gold from 157,636 tons grading 0.32 oz/ton gold from 1932-1937. "To obtain a dewatering permit would be costly and time-consuming," said Bernier. "Although we appreciate that there are high-grade gold veins, we want to put our funds into finding a bulk ton- nage gold deposit in the syenite rocks. We don't want to just 'high-grade' the remaining ore in the mine when there is excellent bulk tonnage poten- tial similar to what we found at the Blackwater-Davidson in British Columbia, although in a different geological environ- ment. Some drill holes will test the mine area from the surface." Widespread gold values on the Ashley Mine property have been demonstrated with surface samples returning up to 600 grams/tonne gold near the mine and 300 grams/tonne gold 1.3 km distant. Bernier said that the company is con- ducting an airborne geophysical survey on the nearby 90% optioned Matachewan prospect; however, efforts are currently mainly focused on the Ashley property and the neighbouring 90% optioned Wydee property. Prosper Gold's Star copper project in the Sheslay Valley of northwest British Columbia is on hold for now pending higher copper prices and a renewed inter- est in that play. "It would be nice to get a major company or foreign money inter- ested as it will cost about $4 million for a proper drill program," said Bernier. "It is still a great property but right now inves- tors want gold." n Left to right: James Hedalen Coo, pete Bernier Ceo & president, Dirk tempelman- Kluit, Vp exploration, all with prosper gold, at the past-producing Ashley mine in northern ontario. photo courtesy prosper gold Corp. Prosper Gold defining drill targets at Ashley gold prospect miNiNg