Prodigy Gold NL (ASX: PRX) has intersected multiple structures plus visible gold from recently-completed diamond drilling at the Tregony and PHD prospects within its Hyperion Project in the Northern Territory.
The company reports that the intersection of multiple structures at Tregony highlights the potential for plunge and dip extensions to mineralisation, and validates the recently updated geological model which was formulated based on re-logging and re-interpretation of historic drilling data.
A 210.7m hole at the prospect has also intersected visible gold from 58.5m down hole, providing further support to the stacked shear vein model. Prodigy says that eight vein arrays are now modelled with 3 expected to be intersected in the first hole. Veining has so far been encountered at depths as shallow as 16.7m, with downhole intervals up to 9.5m wide.
The Tregony deposit is a structurally controlled vein-hosted gold deposit, located 30km northwest of the Hyperion 4.93Mt @ 1.95g/t 310koz gold resource and 40km north of Northern Star’s 1.1Moz Groundrush Resource.
Historical exploration has included RAB and aircore drilling, an airborne magnetic survey completed in 2019, plus sampling along strike of the historic anomalism that had extended the soil gold anomaly over the structure to 10km in strike length.
Meanwhile, a further 240.7m stratigraphic diamond hole at the PHD deposit, co-funded by the Northern Territory Government under its Resourcing the Territory Initiative, has intersected quartz veining and sulphidic sediments. The drill hole is designed to compliment recently-completed aircore drilling, with assay results pending.
PHD is an 11km soil gold anomaly, located 30km northwest of the existing Hyperion gold resource and 40km north of Northern Star’s 1.1Moz Groundrush Resource.
Shallow RC drilling by previous owner Ord River Resources in 2005 and 2006 had defined gold within two zones over 3km of strike, while sampling along strike of the historic anomalism had extended the soil gold anomaly over the structure to 11km in length.
Images: Prodigy Gold NL
