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Prosperity Goldfields welcomes you to join in the excitement of our new Kiyuk gold discovery.
The Kiyuk project is located in Nunavut, northern Canada one of the most stable mining jurisdictions in the world, approximately 100 km north of the border with Manitoba.
The 100% owned project covers 590 sq km.
Spring and summer access to the site is by aircraft.
Gold showings at Kiyuk were first recognized in 1992 when grassroots exploration sampled up to 22 g/t Au, with visible gold present in all well-mineralized areas.
Prosperity secured the property in 2009 and collected more surface samples of which 250 were mineralized with grades up to 37 g/t.
Prosperity also recognised that areas of high magnetism revealed by an earlier airborne magnetic survey coincided with gold bearing surface samples.
In 2011 a team led by Quinton Hennigh completed a 14 hole, 2,700 metre drill program to test these targets.
The result was significant new gold discoveries at the Cobalt, Rusty and Gold Point zones.
At Rusty Hole 1 returned 158 metres grading 1.7 grams gold per tonne from the surface, including 31 metres grading 4.9 grams starting at just 5 metres from surface.
At Gold Point hole 3 returned 64 metres at 2.84 g/t Au from 149 metres.
At Cobalt hole 2 returned 32 metres grading 1.82 g/t Au starting at 52 metres.
Prosperity Goldfields has commenced spring and summer core drill programs.
The exploration team is headed by President and CEO Adrian Fleming, who led gold discoveries at Hope Bay, Nunavut and White Gold, Yukon, among others.
In 2012, the company will also build a new airstrip on the project to enable year round access.
Prosperity Goldfields is well prepared to achieve its near term goals and expand on the exciting gold mineralization discovered to date.
Go to prosperitygoldfields.com to find out more about this exciting new junior gold company.
Disclosure: No Positions