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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (457)	1/14/2013 9:17:10 AM
From: Goose94	Read Replies (1) \| Respond to of 203029

Prosperity Goldfields (PPG-V) plans 4,000 m drill program at Kiyuk Lake Jan 14, 2013 - News Release Prosperity Goldfields Corp. has provided details of a planned 4,000-metre diamond drill program to commence early March at its 590-square-kilometre Kiyuk Lake property in southern Nunavut. This will be the first two-diamond drill program on the property and is expected to complete 16 to 18 holes. Initial assay results from this program are expected in April. "The Prosperity Goldfields technical team is eager to get back to Nunavut with this two drill program. We feel there is excellent potential at Rusty to define a large gold system." commented Adrian Fleming, CEO of Prosperity Goldfields. "In addition wildcat drilling-of new highly prospective targets is likely to further confirm our view that Kiyuk Lake has the hallmarks of a major gold camp." The focus of the drill campaign will be the Rusty Zone where previous drilling in 2011 and 2012 returned intercepts including 37.8m grading 4.18 g/t Au from surface and 61.5m grading 3.34 g/t from 159m (previously released May 7, 2012). The objective of the drilling at Rusty is to expand and further define the breccia-hosted gold mineralization which drilling in 2012 indicated extends from surface and for a distance along strike of at least 250 meters. The location and orientation of the planned holes are based on previous drilling plus ground magnetics, till geochemistry, gold grain counts and grain shape analyses from bulk till samples. Abundant gold grains with pristine shapes (758 grains), suggesting limited glacial transport, found 400m down ice from the original Rusty discovery, suggests a south-ward extension of the known mineralization.