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Prosper Gold to acquire Cyprus Project in British Columbia

Published by , Editorial Assistant
Global Mining Review,

Prosper Gold Corp. has announced that it has entered into a definitive option agreement with several individuals (collectively, the “Optionors”), whereby the Optionors have granted the company the option to acquire a 100% interest the Kaza and Northstar properties (collectively, the “Cyprus Project”).

Project highlights:

  • Historical drill intercepts include 0.55% copper over 138.3 m.
  • Historical trench sampling includes 1.68% copper over 23.0 m.
  • Over 1% copper and up to 5.1 g/t gold in historical soil sampling.
  • Two road-accessible copper-gold porphyry prospects approximately 10 km apart.
  • A combined 6573 m of drilling in 69 drill holes.

“Prosper has been evaluating this copper-gold exploration opportunity for the past 8 months,” commented Peter Bernier, CEO. “The immediate exploration potential at both Kaza and Northstar is clearly evident and we are keen to implement our exploration strategy for this project.”

The road-accessible Cyprus Project is situated in north-central British Columbia, Canada. Comprised of two sets of mineral claims, the Kaza claims and the Northstar claims, the Project totals 1368 ha. which encompass the historical Kaza and Northstar copper prospects.

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Gold mining news Canadian mining news