- Prodigy Gold (PRX) has received assays for additional samples from drilling at the Buccaneer gold project in the Northern Territory
- The results come from previously reported holes drilled under a metallurgical diamond drilling program last year
- New assays include one metre at 5.1g/t gold and an 11.9-metre wide interval from 33.6 metres with 9.8 metres at 2.1g/t gold recovered
- Prodigy says the additional results further support the indicator resource model and are being used for metallurgical testwork as part of mining studies
- Company shares are down 6.67 per cent in the red to trade at 2.8 cents
Prodigy Gold (PRX) is continuing to advance mining studies and activities at the Buccaneer gold project in the Northern Territory.
The company has just received assays for additional samples from previously reported diamond drill holes.
New results include one metre at 5.1 grams of gold per tonne (g/t) from 26 metres in BCDD2104 and an 11.9-metre wide interval in BCDD2105 from 33.6 metres with 9.8 metres at 2.1g/t gold recovered.
Previously reported assays from BCDD2104 include 13.35 metres at 3.9g/t gold from 79.7 metres including 3.3 metres at 13.5g/t gold from 79.7 metres and previous results from BCDD2105 include 0.65 metres at 22.1g/t gold from 33.6 metres and 0.85 metres at 3.5g/t gold from 36.5 metres.
The holes were completed last year in an eight-hole diamond drilling program that aimed to improve confidence in the Buccaneer Resource which is currently estimated to be 10 million tonnes at 1.8g/t gold for 585,000 ounces.
Drilling was also designed to provide samples for metallurgical testwork to optimise the crush size for heap leach extraction of the gold.
Prodigy Gold said the additional results further support the indicator resource model with mineralisation being intersected where it expected and remaining open at depth.
The company has now commenced metallurgical testwork which includes testing economic recoveries, leach times and crushing work.
Results are expected over the coming months and will help to outline a potential low-cost, heap leach processing scenario as well as future mine design and planning for the Buccaneer project.
Company shares were down 6.67 per cent in the red to trade at 2.8 cents at 2:30 pm AEDT.