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Prodigy Gold (ASX:PRX) - Managing Director, Matt Briggs
Managing Director, Matt Briggs
Source: The Market Herald
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  • Prodigy Gold (PRX) receives results from its reverse circulation (RC) drilling program at the Reynolds Range Project in the Northern Territory
  • Drilling wrapped up in mid-May with 11 RC holes drilled across the Reward, Sabre and Scimitar targets
  • Best results come from Sabre where up to 3.9 grams of gold per tonne was intersected
  • Prodigy is now set to begin drilling at the PHD Prospect this month
  • Shares in Prodigy are steady on the market and are trading at 4.1 cents at 12:52 pm AEST

Prodigy Gold (PRX) has received results from its reverse circulation (RC) drilling program at the Reynolds Range Project in the Northern Territory.

Drilling began in mid-April and wrapped up in mid-May with 11 RC holes drilled across the Reward, Sabre and Scimitar targets.

Reward

One RC hole was drilled at Reward and it intersected narrow sulphide mineralisation at 129 metres and 175 metres.

A downhole electromagnetic survey was also undertaken and it identified a high priority offhole conductor with a diamond hole now being planned to test it.

Sabre

Seven holes, for 1081 metres, were drilled at the Sabre Target to test the extensions of the oxide mineralisation and extensions of pervious drilling.

Best results include 17 metres at 3.9 grams of gold per tonne (g/t) from 13 metres, 24 metres at 2.6g/t gold from 36.5 metres; and 33 metres at 2.3g/t gold from 18 metres.

Notably, results have extended historically defined significant gold mineralisation by over 450 metres along strike.

Scimitar

Three RC holes were drilled at Scimitar to test the bedrock source of a high-grade gold-copper soil and rock chip anomaly.

While Prodigy did intersect quartz veining and trace sulphides, no clear source of the anomaly was identified.

Prodigy will now begin drilling at the PHD Prospect this month.

Management is pleased with the results and is looking forward to beginning drilling at the PHD Prospect.

“This drilling program has delivered on its key objectives and has provided important evidence for our interpretations of the mineralised system extending down plunge towards the north at Sabre.”

“Our plans to commence drilling at the exciting PHD Prospect are well advanced and we are aiming to be on the ground drilling very shortly.”

Shares in Prodigy were steady on the market and were trading at 4.1 cents at 12:52 pm AEST.

PRX by the numbers
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