- Prospech (PRS) has received all drill results for its Anton prospect 2021 drill program, with assays showing “sub-economic” results
- Whilst assay results are sub-economic, the company said a series of stacked gold and silver mineralised quartz veins were intersected in the drilling, warranting follow up drilling
- The Anton target, located 200 kilometres east of Vienna, is a large system of epithermal gold and silver of veins, with a known strike length of at least 3.5 kilometres
- The average of assays from 57 grab samples was 3.95 g/t Au and 214 g/t Ag, peak assays from this group of samples were 52.6 g/t Au and 1445 g/t Ag.
- Prospech is trading in the grey at 5.6 cents
Prospech (PRS) has received all drill results for its Anton prospect 2021 drill program, with assays showing “sub-economic” results.
Whilst assay results are sub-economic, the company said a series of stacked gold and silver mineralised quartz veins were intersected in the drilling, warranting follow up drilling
This is the first modern exploration drilling at Anton, which is located 200 kilometres east of Vienna, where past records report mining to a depth of over 500 metres below surface.
Drill sites selected by Prospech for this initial drill program show generally shallower targets where historical records indicate that effective mining was prevented by water ingress due to the capability of primitive pumps of the era.
The Anton target, which lies within its 100 per cent-owned Hodrusa-Hamre exploration licence, is a large system of epithermal gold and silver of veins, with a known strike length of at least 3.5 kilometres.
The broader Anton structural zone trends further for more than six kilometres into the Unverzaght and Schopfer historical mines and exploration targets.
VADD006 was the final drill hole at Anton for the 2021 campaign and returned assay results up to 3.49 g/t Au and 214 g/t Ag.
The Sprochova vein target has now been intersected by 3 holes (VADD004, 5 and 6), providing reliable structural data to assist in the design of the follow-up drilling program.
Spoil heap samples, which are thought to originate from the Anton structure near the drilling targets are strongly mineralized.
The average of assays from 57 grab samples was 3.95 g/t Au and 214 g/t Ag. The peak assays from this group of samples were 52.6 g/t Au and 1445 g/t Ag.
“Encouraging gold and silver grades from the first modern drilling of the large, historic Anton mine lends encouragement for follow-up drilling targeting thicker, high-grade shoots,” Prospech Managing Director Jason Beckton said.
“Importantly, the results demonstrate that previously un-mined and un-drilled gold and silver mineralised structures remain to be discovered at Anton, warranting further exploration.”
Prospech is trading in the grey at 5.6 cents at 1:33 pm AEDT.