Prodigy Gold NL Excited About Results from Hyperion Gold Deposit
Prodigy Gold NL (ASX: PRX) has recently announced the completion of a Reverse Circulation (RC) drilling program at the Hyperion Gold Deposit, located within the Tanami North Project in the Northern Territory. The drilling campaign yielded exceptional results, with significant intercepts from the Hyperion, Tethys, and Seuss Lodes.
HIGHLIGHTS
- Notable intercepts from the drilling program include:
- Hyperion Lode:
- 25m @ 2.2g/t Au from 66m in hole HYRC24001
- 33m @ 2.6g/t Au from 49m in hole HYRC24017A
- Tethys Lode:
- 10m @ 15.9g/t Au from 177m in hole HYRC24004
- 30m @ 2.9g/t Au from 31m in hole HYRC24006
- 13m @ 4.1g/t Au from 26m in hole HYRC24013
- Suess Lode:
- 4m @ 7.7g/t Au from 87m in hole HYRC24004
- Hyperion Lode:
- Metallurgical testwork from two down dip holes in the Hyperion and Tethys Lodes also returned positive intercepts.
Insight: The results showcase the potential for significant gold mineralization at the Hyperion Deposit, providing valuable technical information for further exploration and resource estimation.
Significance of the Hyperion Deposit
Hyperion is strategically located in an underexplored area between the Groundrush Gold Deposit and the Crusade Gold Deposit, both significant projects within the Central Tanami Project. Furthermore, Hyperion is in proximity to Prodigy Gold’s Tregony Gold Deposit, highlighting the Company’s focus on developing key projects within its portfolio.
Additional Insights
The recent RC drilling program at Hyperion aimed to infill areas of the Deposit’s resource, re-drill historical holes, and provide samples for metallurgical testwork. The results of this program have surpassed previous grade estimates, indicating the potential for an increased Mineral Resource at Hyperion.
The success of the drilling campaign reinforces Prodigy Gold’s commitment to organic growth and expanding its Mineral Resource inventory. Continued exploration at Hyperion and neighboring prospects will contribute to the Company’s long-term strategic goals.
Management Commentary
Prodigy Gold Managing Director, Mark Edwards, emphasized the significance of the drilling results, highlighting the Company’s commitment to the Tanami North project area and the potential for future resource expansion. The positive outcomes of the program will guide future drilling activities and contribute to the overall understanding of Hyperion’s mineralization characteristics.
The completion of the 2024 drilling program marks a milestone for Prodigy Gold, setting the stage for further exploration and resource development in the upcoming field season. The exceptional intercepts at the Hyperion Deposit underscore its substantial mineralization potential and position within Prodigy Gold’s project portfolio.
