Prodigy Gold NL (ASX: PRX) (“Prodigy Gold” or the “Firm”) is happy to announce the receipt of all outcomes for the Reverse Circulation (“RC”) drilling program accomplished throughout September on the Hyperion Gold Deposit (“Hyperion”), which kinds a part of the Firm’s strategically vital Tanami North Undertaking within the Northern Territory (Determine 1).
HIGHLIGHTS
Distinctive outcomes returned from the Reverse Circulation drilling marketing campaign accomplished on the Hyperion Gold Deposit.Intercepts obtained embody highlights:Hyperion Lode25m @ 2.2g/t Au from 66m in gap HYRC2400133m @ 2.6g/t Au from 49m in gap HYRC24017ATethys Lode10m @ 15.9g/t Au from 177m in gap HYRC2400430m @ 2.9g/t Au from 31m in gap HYRC2400613m @ 4.1g/t Au from 26m in gap HYRC24013Suess Lode4m @ 7.7g/t Au from 87m in gap HYRC24004Two holes drilled down dip for metallurgical testwork, yielded intercepts:99m @ 2.7g/t Au from 33m in gap HYRC24005 from the Hyperion Lode53m @ 2.9g/t Au from 49m in gap HYRC24009 from the Tethys Lode
The outcomes obtained are from the 17 gap, 1,770 metre RC program accomplished at Hyperion1 overlaying the Hyperion, Tethys and Seuss Lodes, yielding a sequence of serious intercepts demonstrating a higher than 30 gram metre interval (grade instances width) based mostly on a 0.5g/t gold cut-off, together with:
25 metres @ 2.2g/t Au from 66m in gap HYRC24001 (Estimated True Width – “ETW” 24.1m)15 metres @ 3.1g/t Au from 152m in gap HYRC24003 (ETW 13.2m)15 metres @ 2.1g/t Au from 48m in gap HYRC24004 (ETW 7.9m)4 metres @ 7.7g/t Au from 87m in gap HYRC24004 (ETW 2.8m)10 metres @ 15.9g/t Au from 177m in gap HYRC24004 (ETW 9.4m)30 metres @ 2.9g/t Au from 31m in gap HYRC24006 (ETW 19.0m)17 metres @ 2.9g/t Au from 67m in gap HYRC24011 (ETW 14.4m)15 metres @ 2.2g/t Au from 50m in gap HYRC24012 (ETW 11.7m)13 metres @ 4.1g/t Au from 26m in gap HYRC24013 (ETW 10.9m)26 metres @ 1.6g/t Au from 41m in gap HYRC24016 (ETW 25.4m) and33 metres @ 2.6g/t Au from 49m in gap HYRC24017A (ETW of 29.9m)
The outcomes present that every one holes intersected a reportable mineralised interval, with nearly all of the reported outcomes at grades above the estimated grade of the just lately launched Hyperion Mineral Useful resource. These new outcomes will now be used to replace the Hyperion Mineral Useful resource, which presently contains an Indicated and Inferred Mineral Useful resource of 8.64Mt @ 1.5g/t Au for 407,000 ounces at a reporting cut-off grade of 0.6g/t Au2.
Drilling was additionally accomplished on the Brokenwood, Pandora and Tregony North Prospects for which the Firm remains to be awaiting outcomes.
Hyperion is situated within the extremely potential, however underexplored space located between the 1.1Moz Groundrush Gold Deposit and the 94Koz Campaign Gold Deposit3, each of which kind a part of the neighboring Central Tanami Undertaking (Northern Star Assets Ltd (ASX:NST)/Tanami Gold NL (ASX:TAM)). Hyperion can be situated round 25kms to the south of Prodigy Gold’s wholly owned 64Koz Tregony Gold Deposit4 (Determine 2). Hyperion and Tregony are key pillars of Prodigy Gold’s challenge portfolio and the main focus of the Firm’s present exploration actions.
The aims of the reported Hyperion RC drilling program have been to:
infill areas of the Hyperion Useful resource that require nearer spaced drilling to enhance confidence within the just lately up to date Mineral Useful resource estimate for the Depositre-drill a number of historic Air Core (“AC”) holes in order that these outcomes can be utilized in future useful resource estimationscomplete two holes drilling down dip of the identified mineralisation to supply samples for metallurgical benchscale testwork from different areas of the Hyperion Deposit. Earlier metallurgical testing was accomplished solely on samples from the Suess Lode5.
Administration Commentary
Prodigy Gold Managing Director, Mark Edwards mentioned:
“The drilling accomplished in 2024 highlights the explanation why Prodigy Gold views Hyperion as one of many key initiatives for the Firm. These outcomes help the present firm technique specializing in our Tanami North challenge space and remaining dedicated to increasing our Mineral Useful resource stock by means of natural progress. These new outcomes may also present the Firm with extra technical info, such because the restoration traits of the mineralisation of different lodes at Hyperion by means of additional metallurgical testwork.
Whereas two holes drilled focused mineralisation down dip of the Hyperion and Tethys Lodes to supply samples for metallurgical testwork, additionally they offered the Firm with confidence within the type of mineralisation at Hyperion. The holes have offered info relating to the down dip continuity of mineralisation, which will likely be used to help with the updating of the Hyperion useful resource estimate.
With drilling now full for the present subject season the outcomes will likely be used to help with the planning of additional drilling for the 2025 subject season, which will certainly embody follow-up drilling near gap HYRC24004 that intersected 10m of mineralisation at near half an oz of gold per tonne (15.9g/t Au). That is an excellent end result and demonstrates the general potential of the Hyperion Deposit and the close by areas.”
Determine 1 Undertaking location within the Tanami Area
Hyperion 2024 RC Useful resource Drilling Applications
The Hyperion Deposit is situated on EL9250, which is 100% owned by Australian Tenement Holdings, an entirely owned subsidiary of Prodigy Gold. The challenge is roughly 150km southwest of Lajamanu within the Tanami Area of the Northern Territory (Determine 1).
The Hyperion Deposit was actively explored by Zapopan NL between 1989 and 1995 with RAB, RC and DD drilling accomplished. Additional exploration was undertaken by Otter Gold NL in 2002 after which Newmont Exploration between 2003 and 2005 earlier than the challenge was bought by Prodigy Gold in 2009. The Firm has been lively on the challenge since 2011.
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