Prodigy Gold (ASX:PRX) has commenced diamond drilling at its Hyperion Gold Deposit under the Northern Territory Government’s Round 19 co-funding initiative.
The program comprises a single 600m deep HQ diamond hole designed to test a discrete induced polarisation chargeability anomaly. The anomaly lies approximately 300m from the current Hyperion mineral resource.
The target sits outside existing drilling footprints and may represent an extension or parallel structure to the broader Hyperion mineral system.
The hole, designated HYDD26001, will collect oriented core to provide structural, lithological, alteration, and mineralisation data. The company says the drilling will directly test the relationship between the IP response and any identified mineralisation.
“The commencement of this diamond hole will be an important next step in testing the scale potential of the Hyperion mineral system,” Managing Director Mark Edwards says.
“The target is a discrete, deep IP geophysical anomaly outside the current drilling footprint and provides an opportunity to test for a deep sulphide-associated gold system below the currently defined mineralised lodes.”
The drilling forms part of the NT Government’s Round 19 Geophysics and Drilling Collaborations Program. Prodigy Gold received $112,152 in co-funding support.
Hyperion comprises structurally controlled gold lodes including the Hyperion, Tethys, and Seuss mineralised systems. The deposit has a current mineral resource of 9.8 million tonnes @ 1.4g/t gold (Au) for 454,000 ounces, reported above a 0.5g/t Au cut-off and extending to approximately 180m below surface.
The 2025 dipole-dipole IP survey identified a significant chargeability response at depth, south of known mineralised lodes.
The anomaly potentially reflects disseminated sulphides, including pyrite and arsenopyrite, commonly associated with gold mineralisation in the Tanami region.
Prodigy will complete geological logging, core orientation, and sampling before undertaking multi-element geochemistry and petrographic work. The company will integrate the results with the 2025 IP dataset and recent CSIRO structural study to refine follow-up targets.
Prodigy Gold is an Australian gold explorer and developer advancing a portfolio of projects across the Tanami region, with total mineral resources exceeding 1 million ounces.
Write to JC Villarba at Mining.com.au
Images: Prodigy Gold
