Prodigy Gold’s latest drill results support Tregony North resource upgrade

Prodigy Gold has received drill results at Tregony North, part of the Tanami North project
The results will be incorporated into a resource update in coming months
Drilling was designed to follow-up the 8m at 1.6g/t gold intercept from 2023 drilling

Special report: Prodigy Gold has completed a small six-hole drilling program at the Tregony deposit as part of a broader 28-hole RC campaign in the Northern Territory.

Prodigy Gold (ASX:PRX) has been focusing its exploration efforts on both the Tregony and Hyperion deposits within the wider Tanami North asset area in the NT this year.

The project sits on the Suplejack Shear Zone (SSZ), which hosts several known gold mineral resources such as the Tanami Gold and Northern Star Resources’ (ASX:NST) joint venture Groundrush and Ripcord deposits.

A recent 1,770m program at the 8.6Mt Hyperion deposit returned a stand-out hit of 10m at 15.9g/t gold, creating a buzz among investors ahead of a planned resource upgrade and with further drilling planned for the 2025 field season.

PRX NT Map — Project location in the Tanami Region of Northern Territory. Pic: PRX

Drilling results support resource upgrade

PRX has now received further encouraging results from Tregony North comprising:

21m at 4.4 g/t gold from 24m, including 1m at 24.7g/t gold from 42m
20m at 1.3g/t gold from 88m; and
13m at 2.7g/t from 45m, including 2m at 9.7g/t gold from 48m.

The holes were designed to target an area that showed potential to grow the 1.6Mt at 1.3g/t gold for 64,000oz resource, using a cut-off grade of 0.6g/t gold.

All six holes targeted mineralisation identified by earlier aircore holes, which could not be included in the estimation process but whose results supported the resource update.

PRX Map — A deposits map of Prodigy’s landholding in the Tanami. Pic: PRX

‘Potential for discovery’

PRX managing director Mark Edwards said while it was only a small program, the explorer looks forward to keeping shareholders informed on how these new holes will assist with the growth of its resource base.

Tregony and Hyperion are key pillars of Prodigy’s project portfolio and are at the heart of the company’s current exploration activities, with a focus on resource development and brownfields exploration around these deposits.

“While the results of the holes drilled at both Brokenwood and Pandora don’t have high grade intercepts, the geology identified has helped with our understanding of these prospects,” Edwards said said.

“With additional geological information from planned costeaning and a more thorough review of the holes completed over the past two years, further drilling could be designed for completion in the 2025 field season.

“Both projects are only in the early stages of exploration and some of the results identified suggest there is potential for discovery.”

This article was developed in collaboration with Prodigy Gold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.