Join our daily newsletter At The Bell to receive exclusive market insights
- A total of 54 air core holes have been drilled at Apertawonga to text anomalous geochemical and structural targets
- Initial results have outline 4.5 kilometres of gold, silver, copper, bismuth and arsenic anomalism
- An approximate 40 air core hole program is suggested to further define the gold anomaly at Apertawonga
Prodigy Gold has provided updates on current drilling at its Bluebush Project in the Northern Territory.
As announced in June 2019, 54 air core holes have been drilled at the Apertawonga Prospect, within Bluebush, to test anomalous geochemical and structural targets, and collect survey data to identify new large scale anomalies.
Initial results have outlined 4.5 kilometres of gold, silver, copper, bismuth and arsenic anomalism within the highly prospective Dead Bullock Formation.
Apertawonga is located 47 kilometres northwest of the 14.2Moz Callie Gold Mine. This area hosts the magnetic Dead Bullock Formation and has a shallow cover with limited RAB (rotary air blast) drilling.
Historic drilling intersected anomalous arsenic, this is significant because arsenic is often associated with gold mineralisation.
The preliminary air core drilling is also screening for alteration and anomalism indicating a large-scale gold system. Several holes have been targeted to intersect structures interpreted from airborne magnetic data.
Recently 54 holes for 3,316 metres of exploration drilling was completed on 1.2 and 2.5 kilometre spaced lines. Approximately 31 of the holes successfully intersected the magnetic Dead Bullock Formation sediments and intrusions.
Results from 54 holes at Apertawonga have now been returned with gold, silver, copper, bismuth and arsenic anomalism being defined over 4.5 kilometres with the potential to extend to the southeast.
Encouraging results of 3 metres at 0.14 g/t gold from 36 metres, and 1 metre at 0.7 g/t gold was intersected in the Formation.
Geochemical data will now be assessed with the gold results to finalise future drill plans. Approximately 40 air core holes are suggested to further define the gold anomaly at Apertawonga and these will be included as part of a larger campaign with Capstan.
Prodigy Gold shares have remained unchanged trading for 12.5 cents with a market cap of $60.07 million.
