Canadian Mining Journal


AIRBORNE SURVEY: Partnership to conduct geophysical surveys of Ontario sites

Prosper Gold Corp. has just announced that it has partnered with CGG Multi-Physics for a comprehensive program of airborne geophysical surveys at both its Ashley Gold and Matachewan Projects in Ontario.

The CGG surveys will characterize mineralization potential from surface to depth using a variety of proprietary world leading technologies. CGG will deploy its HeliFalcon® Airborne Gravity Gradiometer, Dighem® Frequency Domain Electromagnetics, and Midas® Ultra High Resolution Gradient Magnetic systems combined with Radiometrics; as well as Quantec Geoscience’s ground based MT stations.

This multi-parameter approach will provide Prosper Gold with a detailed property scale geophysical coverage over a 98 square kilometer area to assist in drill target selection.

Results of the CGG airborne geophysical surveys will be evaluated in conjunction with those from a previous comprehensive soil survey to determine drill targets. The soil sampling is targeting near surface gold and alteration zones. The geophysical survey is targeting to depth and to trace structure trends.

The partnership benefits Prosper Gold by significantly reducing the cost to the company for this state-of-the-art survey and by improving geophysical targeting and through technical collaboration between CGG and PGX personnel.

The Junior Exploration Assistance Program, sponsored by the Northern Ontario Heritage Fund Corporation and the Ontario Prospectors Association, has committed to provide Prosper Gold with a grant of up to $200,000 ($100,000 per project) on approved eligible exploration expenses on both the Ashley Gold & Matachewan Projects. This grant reduces the cash cost to the company.

The partnership with CGG and the JEAP provides the company with the opportunity to obtain a full suite of high-resolution airborne data that will greatly assist in its understanding and targeting of the properties.

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