Prosperity Goldfields Completes Summer Exploration Program at Kiyuk Lake, Nunavut
VANCOUVER, BRITISH COLUMBIA, Aug 21, 2012 (MARKETWIRE via COMTEX) -- Prosperity Goldfields Corp. (the "Company" or "Prosperity") (tsx venture:PPG) announces the completion of the summer exploration program on its 100% owned Kiyuk Lake Gold Project, Nunavut (the "Property").
The objectives of the summer program were: to field check a new glacial geology map of the Property; to collect till geochemical samples over the entire 590 sq km Property; to grid till sample priority targets; and to prospect and geologically map known targets and new areas of interest to refine drill targeting.
"This carefully planned summer exploration program by six geologists, four samplers and the supporting team has exceeded our expectations," commented Adrian Fleming, PPG CEO. "More samples were collected than planned, the early semi-quantitative hand-held XRF results are compelling and a much improved understanding of the geology and controls to mineralization has resulted. We eagerly await the full assay results from this recent work."
• Three new areas of interest identified by elevated arsenic geochemistry from initial field XRF analysis of property wide till samples.
• Prospecting and mapping has identified two new areas of brecciated and/or altered, pyrrhotite-bearing rocks in the southern part of the property.
Prosperity Goldfields press continues at the link below.
Source: Prosperity Goldfields via MarketWatch
Link for images: http://media3.marketwire.com/docs/ppg821i.pdf
Disclosure: Prosperity Goldfields is a Vulture Bargain Candidate of Interest (VBCI). Members of the GGR team may hold long positions in PPG.V .