Monday 18th February 2019

Resource Clips

Prodigy reports Ontario Gold Assays up to 0.97 g/t over 139.6m

Resource Clips - essential news on junior gold mining and junior silver mining(Update: On December 11, 2012, Prodigy Gold Inc was acquired by Argonaut Gold Inc TSX:AR.)

Prodigy Gold Inc TSXV:PDG announced results from its Magino Gold Project in northern Ontario. Assays include

0.97 g/t gold over 139.6 metres
0.42 g/t over 265 metres
(including 1.06 g/t over 40 metres)
0.66 g/t over 155 metres
(including 1.22 g/t over 45 metres)
4.2 g/t over 24 metres
(including 8.35 g/t over 10 metres)
0.42 g/t over 279 metres
(including 1.02 g/t over 38 metres)
0.69 g/t over 72 metres

Magino has a resource estimate of 67.6 million tonnes grading 1 g/t for 2.18 million ounces gold indicated and 54.2 million tonnes grading 0.99 g/t for 1.72 million ounces inferred using a 0.35 g/t cutoff. A December 2011 PEA shows a pre-tax NPV of $939 million and an IRR of 36% using a 5% discount rate. Production is estimated at 249,300 ounces a year over an 11-year mine life.

View Company Profile

Prodigy Gold Inc

by Greg Klein

Share |

View All: News Stories