Prosper Gold begins ground geophysical survey work at Golden Sidewalk and retains CM-Equity to provide marketing, market outreach and corporate brokerage services
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VANCOUVER, British Columbia, March 08, 2021 (GLOBE NEWSWIRE) – Prosper Gold Corp. (“Prosper Gold“or the”Society“) (TSXV: PGX) is pleased to announce that it has appointed Abitibi Geophysics Ltd.IP”) To the Golden Sidewalk project (the“Project”) In the Birch-Uchi area of Red Lake. The survey will cover the newly identified Golden Corridor extending historic IP coverage eastward (for details of the Golden Corridor, see the company press release of December 1, 2020). The Company also announces that it has, subject to all required regulatory approvals, including the approval of the TSX Venture Exchange (the “To exchange“), retained CM-Equity AG (“CM“) to provide marketing, market awareness and corporate brokerage services, in accordance with the agreements entered into between the Company and CM dated February 17, 2021 (the“ CM Agreement ”).
“The Company has engaged a leading geophysical services company, Abitibi Geophysics, to extend historic IP coverage eastward to the Golden Corridor by focusing on the large virgin gold grain anomaly described by our team. The survey will also cover the till anomaly E-12 which is another target identified in 2020 that has not yet been the subject of follow-up work. The E-12 is three and a half kilometers east along the Golden Corridor, ”commented Peter Bernier, CEO. “As we prepare for our 2021 drilling program, we are delighted to have retained Michael and his team at CM Equity to help give the company exposure to European retail and institutional investors. “
Figure 1. Map showing the induced polarization survey grid expected in 2021 and highlights from 2020 through 2020.https://www.globenewswire.com/NewsRoom/AttachmentNg/90c70b84-9bc5-4953-bf25-46cc252d95f2
Abitibi Geophysics will use its proprietary OreVision® technology which can reveal targets at greater depth than conventional IP without compromising near-surface resolution. The survey will extend east of the Golden Corridor to the till anomaly E-12 (Figure 1). Anomaly E-12, described during the Prosper Gold till reconnaissance survey in the summer of 2020, is defined as a 1,300 m long gold grain anomaly that is open to the east and to the east. ‘Where is.
CM-Equity AG is a regulated investment boutique in Europe and a financial services provider based in Munich, Germany. CM is active in cross-border activities throughout Europe and licensed for business brokerage services, from market making to fundraising and mergers and acquisitions activities. CM offers its corporate clients access to its regulatory-compliant digital asset platform that offers attractive and modern forms of public funding. In addition, CM acts as a platform for institutional and retail investors to gain direct access to its corporate clients through meetings, conferences, webinars and social media channels.
In accordance with the CM Agreement, CM was retained by the Company for an initial period of twelve months. At the end of the initial term, the Contract will be renewed by tacit agreement for a period of twelve months (subject to termination by the Company by written notification three months before the end of the full year). CM will be responsible for assisting Prosper Gold in all aspects of business profiling, awareness campaigns and business brokerage for the company in Germany and beyond. CM will receive a fee of 50,000 euros per year. Michael Kott will be the responsible person. With the exception of the CM Agreement, there is no relationship between CM and the Company, nor any direct or indirect interest in the Company or its securities nor any right or intention to acquire such an interest on the part of CM. .
About the golden sidewalk
The Golden Sidewalk is a district-wide gold exploration project covering more than 160 square kilometers of contiguous mining claims and mining leases (see company press releases of August 10, September 8, and September 15, 2020 for details) in the western Birch-Uchi greenstone belt, approximately 60 km east of Red Lake, Ontario. The vehicle-accessible project straddles 12 kilometers of the unconformity between Balmer Assemblage and Narrow Lake Assemblage, a region-wide feature that has been the guide to exploration of Red Lake, but has been the subject of limited exploration. in the project area. The recently identified ‘Golden Corridor’ lies immediately north of the unconformity in the western part of the property and is characterized as a highly promising trend of over 5 km of favorable coincident magnetic and resistive lineaments supported by samples of gold in the till very anomalous. covering 3.3 over 0.5 kilometers.
For a detailed overview of Prosper Gold, visit www.ProsperGoldCorp.com
The scientific and technical information contained in this press release has been reviewed by Rory Ritchie, P.Geo., A qualified person under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
|President and CEO|
For more information, please contact:
Peter Bernier President and CEO Prosper Gold Corp. Cell: (250) 316-6644 Email: [email protected]
The information contained in this press release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future events and not past. In this context, forward-looking statements often deal with expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect” and “have the expectation”. intention ”, statements that an action or event“ may ”,“ could ”,“ could ”,“ should ”or“ will ”be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the planned exploration of the Golden Sidewalk Project, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or other future events, to be materially different from results, performance. or future achievements expressed or implied by these forward-looking statements. These factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; dependence on key personnel; the potential for conflicts of interest between certain officers, directors or promoters with certain other projects; the absence of dividends; competetion; dilution; the volatility of the price and volume of our common shares and additional risks identified the management comments and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on the beliefs, estimates and opinions of management at the date the statements are made and the Company assumes no obligation to update forward-looking statements if such beliefs, estimates and opinions or Other circumstances were to change, except as required by applicable securities laws. Investors are cautioned against assigning undue certainty to forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Prosper Gold Corp