2020 Exploration Program At Golden Sidewalk Project

VANCOUVER - Prosper Gold Corp. reported infill till sampling results from the 2020 exploration program at the Golden Sidewalk Project in the Birch-Uchi region of Red Lake. Highlights: Infill till sampling has outlined a 3,300 x 500 meter pristine gold grain-in-till anomaly which remains open for expansion; Till samples containing up to 882 pristine gold grains; and Large-scale (>5 kilometer) conceptualized gold target, referred to as the “Golden Corridor”, now supported by pristine gold grain-in-till results.

“The Golden Corridor has become an exciting exploration target with the recently outlined pristine gold grain-in-till anomaly,” said, Peter Bernier, CEO. “The abundance and pristine nature of the gold grains suggests the presence of a gold system in the immediate vicinity. The anomaly remains open and we will be working to expand upon these results while preparing for the 2021 drilling season. This is a new exploration target on the Project which has seen no drilling to date.”

The Golden Corridor lies immediately north of a regional angular unconformity between the Narrow Lake and Balmer Assemblages (Figure 4). Such regional unconformities may localize structural corridors for hydrothermal fluid migration and gold mineralization. At least two linear targets with potential strike lengths of greater than 5 kilometers have been identified based on the coincidence of IP resistivity high and linear magnetic low signatures and their proximity to the regional unconformity. These targets are now supported by the existence of a significant pristine gold grain-in-till anomaly.

The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometers of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The vehicle-accessible project straddles 12 kilometers of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature that has been the Red Lake exploration guide, but which has seen limited exploration in the project area. The recently identified “Golden Corridor” lies immediately north of the unconformity in the western portion of the property and is characterized as a highly prospective, greater than 5 kilometer trend of coincident favorable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples covering 3.3 by 0.5 kilometers.