Prospector Metals Corp. provided an update on the 2024 exploration plans for the ML Project encompassing 4757 hectares within the prolific Tombstone Gold Belt, located approximately 80 km from Dawson City, Yukon Territory, and 25 km northeast of the former Brewery Creek Gold Mine. The ML Project geology is extensively metal endowed with numerous instances of high-grade gold, silver and copper in drill holes, trenches and surface rock
samples. Prospector's ML Property has been periodically explored since at least the 1970s, and although it has not been explored systematically in the past, previous operators have collectively contributed to a critical mass of exploration data that Prospector has assembled and will leverage to enhance existing prospects and vector toward new gold, silver and copper discoveries. Prospector plans a 4-6 week field program starting in late Second Quarter which will encompass ground- truthing of known targets and prospective geology, and assessment of additional high-priority targets developed during the ongoing evaluation of the digital datasets. This first pass exploration program with a budget of approximately $650,000 will include: Digital re-compilation, detailed review, and validation of all historical exploration work. Airborne LiDAR survey. High-resolution World View 3 remote sensing survey. Rock/soil sampling, geological mapping, and drone magnetics. Detailed drill core review with relogging and additional sampling as needed. Compilation, digitization and comprehensive audit of the large historical database is ongoing.
The database consists of detailed, Property-wide airborne- geophysics (including magnetics, radiometrics, DIGHEM EM, and gravity) satellite imagery, geologic mapping, extensive rock and soil sampling, and diamond drilling (+16,700m over 117 holes). Initial review of the database suggests that the ML Project hosts a robust Intrusive Related Gold System (IRGS) with characteristic reduced volatile-rich syenites, gold bearing sheeted veins with local elevated Bi, intense structural deformation, proximal skarns and zoned base metal-rich veins (Cu, Ag, W, Zn). Initial analysis and inversion of the residual aeromagnetic and Falcon gravity gradiometric data, and comparison with mapped geology, suggests the presence of multiple plutonic centres ranging in size from 300 ha to 800 ha and having a depth extent of 2.3 km to 3.6 km. The presence of these intrusions at ML provides excellent targets for future exploration. Prospector's work will provide a pipeline of targets with an emphasis on the numerous undrilled surface showings that include Java where select mineralized samples reportedly assayed from trace to 14.8 g/t gold while seven trenches that partially tested the zone along a 100 m strike length returned 10.46 g/t gold over 1.5m and 3.09 g/t gold over 1.5m. Critical minerals (Cu, Ag, W, Zn) at ML will continue to be valuable targets for exploration with multi-commodity bearing skarns at Skarn Ridge (0.51% copper and 1.56 g/t gold over 28 m) and South Rubble Lake Zones, replacement zones at North Vein, and massive sulphide lenses at Bindie Birdie. Historical exploration of the ML Project has outlined numerous areas of interest that are loosely defined by a combination of geographic location, host lithology, mineralization type, geochemical signature and/or geophysical response, including intrusion hosted gold (+copper) style, replacement- skarn style, and high-grade vein targets. In addition, there are multiple relatively unexplored mineral occurrences, many of which are high grade gold targets. A total of 117 diamond drill holes have been drilled property wide, testing six property targets. From 2005 to 2008, Dynamite Resources drilled 114 of these holes, with 23 holes at the North Vein Zone (a gold enriched skarn-replacement target) and 71 holes at Skarn Ridge (a gold - copper skarn-replacement target). The Property hosts numerous other targets of interest which have a variety of intriguing characteristics, such as high-grade rock-soil samples, highly anomalous trench samples, unique geophysical signatures, and large areas of alteration. Additionally, there remain large parts of the property that have received little or no exploration and evaluation. Several of the lesser-known mineralized areas have undergone only cursory assessment by previous operators, thus present very attractive targets. The property has an impressive technical data base which includes property wide airborne geophysics, satellite imagery, extensive soil and rock sampling, prospecting, selective ground geophysics, and diamond drilling (+16,700m over 117 holes). Most of this exploration took place from 2004 to 2008, a period when most drilling was focussed on two specific skarn/replacement type targets: Skarn Ridge (71 drillholes) and North Vein (23 drillholes).