Lake Mackay JV

Prodigy intersects first bedrock gold at Lake Mackay JV

Prodigy Gold NL (ASX: PRX) has reported the intersection of the first bedrock gold from the drilling completed across six targets on the Lake Mackay Project near the Western Australian border, held in Joint Venture (JV) with IGO Limited.

PRX said that 65 drill holes for 1,944m were completed across targets including Goldbug gold Prospect, Grimlock nickel-cobalt Prospect, Grapple Prospect, and Swoop nickel-cobalt target.

Bedrock gold intersected at Goldbug Prospect included 20LMRC039 – 16m @ 1.15g/t Au, 4m @ 0.78g/t Au and 4m @ 1.54g/t Au; and 20LMRC041 – 8m @ 1.2g/t Au.

The company said that Cobalt was intersected in shallow drilling at the Swoop Prospect with results of up to 0.15% Co and 0.67% Ni in AC drilling. The company also reported additional cobalt and nickel results at the Grimlock target of up to 0.29% Co and 1.56% Ni in AC drilling.

PRX said that follow up work including diamond drilling will be undertaken at Phreaker, Raw and Customisable prospects, and RC drilling will be undertaken at Raw, Goldbug, and Arcee prospects planned for H1 2021.

Lake Mackay project

The Lake Mackay Project is held in Joint Venture with IGO Limited (ASX: IGO), with IGO holding a 70% JV interest in the tenements and Prodigy Gold holding a 30% JV interest.

Significant prospects within the project include Grimlock, Swoop, Goldbug, Grapple, Cluster, Phreaker, Customisable, and Raw prospect.

Systematic exploration from 2014 had led to the discovery of gold and base metal mineralisation at Bumblebee in 2015 and Grapple in 2016. Diamond drilling of Grapple in 2017 had defined gold and copper mineralisation over 800m of plunge.

Drilling at Lake Mackay

At Lake Mackay project, the company had recently commenced drilling at six targets prospective for cobalt-nickel-manganese, gold, and copper mineralisation. PRX said that a total of 65 aircore holes for 1,944m was completed in the most recent program.

High-grade intersections

The company said that encouraging results were reported from the drilling at Lake Mackay project.

Goldbug prospect

The company said that the RC program of 3 holes for 278m drilled in late-2020 successfully intersected bedrock gold mineralisation. PRX said that the gold is associated with pyrite and quartz veining in an othoamphibolite.

Best results included 20LMRC039 16m @ 1.5g/t Au from 48m, 4m @ 0.78g/t Au from 76m, and 4m @ 1.54g/t Au from 92m; and 20LMRC039 8m @ 1.2g/t Au from 80m.

The company said that the Goldbug soil gold anomalism extends for 600m and is open to the east and north west – located 50km to the east of the Arcee Gold Prospect.

Grimlock prospect

The company announced that the 38-hole AC program of 993m successfully defined further nickel and cobalt mineralisation at Grimlock.

Best results from 2020 drilling included 20LMAC002 6m @ 0.02% Co and 0.57% Ni from 10m and 12m @ 0.07% Co and 1.17% Ni from 20m, including 4m @ 0.11% Co and 1.56% Ni from 24m; 20LMAC003 12m @ 0.13% Co and 0.64% Ni from 8m; 20LMAC006 6m @ 0.13% Co and 0.68% Ni, including 2m @ 0.29% Co and 0.9% Ni from 20m; and 20LMAC011 2m @ 0.1% Co and 0.2% Ni from 26m.

Swoop target

PRX said that 18 holes were completed at Swoop to test the extent of enriched laterite and for the presence of pyrolusite (Mn).

Best results included 20LMAC047 4m @ 0.15% Co and 0.67% Ni from 14m; 20LMAC051 10m @ 0.13% Co and 0.51% Ni; 20LMAC052 2m @ 0.02% Co and 0.52% Ni; and 20LMAC058 2m @ 0.11% Co and 0.22% Ni.

Grapple prospect

PRX said that 4 holes were completed at Grapple prospect.

The company said that results were returned with base metal intersections in 3 holes, 20LMRC042 – 5m @ 0.2g/t Au, 46.1g/t Ag, 0.5% Cu, 0.9% Pb, 3.2% Zn and 0.2% Co; 20LMRC043 – 1m @ 3.2g/t Au, 11.4g/t Ag, 2.6% Cu, 0.59% Zn; and 20LMRC044 – 2m @ 0.7g/t Au, 11g/t Ag, 0.34% Cu, 0.2% Pb, 0.6% Zn.

Next steps

The company announced that further work would include follow-up diamond drilling for the Raw, Customisable, and Phreaker Prospects; infill soil sampling planned in WA and the NT, with any anomalies generated to be tested by RC drilling; RC drilling to test the strike extent of the Arcee Prospect; and additional RC drilling for the Goldbug target.

Management statements

Prodigy Gold’s Managing Director Matt Briggs said: “These latest results have provided us with some encouraging insights. Bedrock gold has been intersected in RC drilling at Goldbug for the first time. This is a large-scale soil anomaly extending for over 600m.

Results from RC drilling at Grimlock have defined further cobalt and nickel mineralisation with results of up to 0.29% Co and 1.56% Ni. Cobalt has been intersected at Swoop in the first drilling with results of up to 0.15% Co in the recent drilling.

Diamond drilling at the Raw, Phreaker and Customisable targets and further RC drilling at Goldbug and Arcee are planned in 2021.”

Written By Jonathan Norris
Jonathan is a founder of and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.