Odyssey Gold (ASX:PRX) - Incoming CEO & Managing Director, Matt Briggs
Incoming CEO & Managing Director, Matt Briggs
Source: The Market Herald
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  • Prodigy Gold (PRX) receives results from a further four diamond holes drilled at its Buccaneer Gold Resource in the Northern Territory
  • Eight holes were drilled at Buccaneer to provide samples for metallurgical recovery testwork and to generate a model of high-grade structures
  • The drilling intersected mineralisation in oxide with grades peaking at 13.2 grams of gold per tonne
  • Prodigy has also received results for a diamond hole drilled at the Tregony Prospect with veining intersected as shallow as 16.7 metres and visible gold identified at 58.5 metres
  • Shares in Prodigy are up 9.09 per cent on the market and are trading at 3.6 cents

Prodigy Gold (PRX) has received results from a further four diamond holes drilled at its Buccaneer Gold Resource in the Northern Territory.

Eight holes were drilled at Buccaneer to provide samples for metallurgical recovery testwork and generate a model of high-grade structures.

The drilling intersected mineralisation in oxide with a peak result of 16.07 metres at 5.8 grams of gold per tonne (g/t) from 140.43 metres including 5.5 metres at 13.2g/t gold from 151 metres.

Other results include 1.5 metres at 17.9g/t gold from 74.5 metres and 22 metres at 1.1g/t gold from 81 metres including eight metres at 2.1g/t gold from 93.1 metres.

These results confirm multiple stacked zones of mineralisation with the mineralised system remaining open to the north and down dip.

Reverse circulation (RC) infill drilling to test the northern extensions of the system has been proposed for 2022.

Results are pending for a further 15 metres of oxide material and are expected to be released during Q1 2022.

Managing Director Matt Briggs commented on the results.

“The additional results support the indicator resource model with mineralisation intersected where predicted. Samples for the generation of metallurgical composites to commence metallurgical test work have arrived in Perth,” Mr Briggs said.

“These will initially be used for crush size recovery testwork, followed by column leach testwork to simulate the gold extraction performance of the average material that would be stacked on a heap leach.”

Prodigy has also received results for a 210 metre diamond hole drilled at the Tregony Prospect within the Hyperion Project in the Northern Territory.

The hole was drilled to provide insight into the structural context and stratigraphic controls of the gold mineralisation.

Veining was intersected as shallow as 16.7 metres with visible gold identified at 58.5 metres.

Highlights include 5.15 metres at 2.5g/t gold, one metre at 1.7g/t gold and 2.4 metres at 1.1g/t gold.

“This hole increases our understanding of the structural controls of the system. The interpretation derived from the hole will be used to plan a drill program to screen for a large system undercover to the north of Tregony,” Mr Briggs continued.

“The same stratigraphy that hosts Tregony extends for over nine kilometres to the north under shallow cover and is completely undrilled.”

Shares in Prodigy were up 9.09 per cent on the market and were trading at 3.6 cents at 1:18 pm AEDT.

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