Roulston prosperity goldfields reprint april 2012-2


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"Prosperity has already made three substantial gold discovieries at its Kiyuk project. This year's program will test the extent of this discoveries, with the potential to make additional discoveries at both Kiyuk and the Yukon project." - Lawrence Roulston

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Roulston prosperity goldfields reprint april 2012-2

  1. 1. Prosperity Goldfields (PPG-TSX.V) The following editorial is extracted from the April 2012-2 IssueProsperity has completed the merger with included 32 meters of 1.9 g/t. The Gold PointSmash Minerals. The combined company has zone produced several intervals with highly en-an exceptional geological team, $5 million of couraging gold values, including 63 meters ofcash and two important gold exploration 2.8 g/t and 5.4 meters of 10.6 g/t. All three ofprojects in northern Canada. those zones represent important new discover- ies spanning a 10 kilometer trend. Other goldProsperity is now drilling on its Kiyuk project occurrences and target zones outline a substan-in southern Nunavut, just 50 kilometers from tial district-scale project that extends well be-the Manitoba border. A 3000 meter drilling yond the area so far drilled.program that is now underway is intended toprovide further information in support of a lar- It is very significant that the company is con-ger summer drilling program. Drilling last ducting this spring drilling program. They mo-summer encountered gold values in three sepa- bilized equipment and supplies in to the siterate zones. Each of those gold zones is being while the ground was frozen, allowing them tofurther tested. In addition, further targets, iden- drill well into the spring.tified through surface sampling and airbornemagnetic surveys, will also be tested. The information from this drilling will be extremely useful in planning the larger summerThose targets have multi-gram gold values at program. The geological team will have assayssurface and magnetic patterns similar to the and other information from the drilling to addzones which yielded favorable drill results. to the previous information in order to more effectively lay out the larger program. TheLast summer’s drilling produced some impres- summer program will be aggressive, and aimedsive intercepts. The grades and the lengths of at carefully selected targets. That program isthe intervals were especially impressive expected to outline a resource this year.considering that drilling was the first tests ofthree new targets. The Rusty zone yielded 157 Prosperity will gain as much information frommeters starting at surface that averaged 1.9 the spring drill program as many companiesgrams per tonne (based on metallic screenassays). The values from the Cobalt zone (Continued on page 2)A Division of ResOpp Publishing Corp.
  2. 2. would achieve in an entire summer season. In largely on systematic surface sampling. Thatessence, the company has accelerated the pro- approach led to the Underworld discovery thatgram by a year. touched off the modern Yukon gold rush. Adrian Fleming, Prosperity’s president, headedIn view of the geological setting and the results the exploration program that made the Under-produced by Prosperity, it is evident that the world discovery.Kiyuk project has large-scale potential. TheExtracted from the Issuearea has seen considerable exploration over the In summary, Prosperity has already made threepast 8 years, including mapping, surface substantial gold discoveries at its Kiyuksampling and both ground and airborne geo- project. This year’s program will test the extentphysical surveys. Numerous gold occurrences of those discoveries, with the potential to out-at surface were reported. In spite of those line a resource. There is also the potential tofavorable results, last year’s drilling was the make additional discoveries at both Kiyuk andfirst time the gold values at surface were traced the Yukon depth. Much depends on the drill results, over the nextThe geological setting is permissive of large few weeks and then coming from the summerdeposits, with regional scale structural features program. In view of the results achieved to dateand alteration spanning tens of kilometers. The and the geological setting of Kiyuk, I view thisevidence to date suggests an iron-oxide-copper as one of the most attractive exploration com--gold (IOCG) geological model. Several very panies around.large deposits are hosted in IOCG settings. Price April 25, 2012: C$0.54Assays from the spring program are expected Shares Outstanding: 58 millionover the next few weeks. Further results in line Shares Fully Diluted: 78 millionwith the results from last year would have a big Market Cap: C$ 31 millionimpact on the value of the company, even in Contact: Investor Relationsthis unfavorable market. 604-662-3380 www.prosperitygoldfields.comProsperity also plans further work on the Last updated April 2012-1Whiskey property in the White Gold District ofYukon that was drilled last summer by Smash.While that drilling didn’t turn up favorableresults, the geological team plans to test othertargets on the extensive property. Smash hascompleted several seasons of work, focusedA Division of ResOpp Publishing Corp.
  3. 3. Extracted from the Issue To subscribe to Resource Opportunities or receive a sample copy , please contact: or visit Subscription Application FormReceive approximately 20 issues per year of Resource Opportunities and also receive a full year of Instant Alerts (a periodic e-mailnews and commentary service with buy sell signals) for only $299 Can for 1 year or $449 Can for 2 years, tax and postage included. Return to: Suite 1510 –800 West Pender, Vancouver, BC, V6C 2V6, Canada, Toll Free: 877-773-7677 Tel: (604) 697-0026 Fax: (604) 697-0029, E-mail: (Make check payable to Resource Opportunities, in US$ or C$, or equivalent other.) Please Select Subscription: 1 Year (C$299) 2 Year (C$449)Name__________________________________________________________________________________________________Address________________________________________________________________________________________________City__________________________________________________State/Prov.____________ Zip/Postal Code_______________Telephone_______________________________________ Fax____________________________________________________Primary E-mail: _________________________________________________________________________________________Secondary E-mail: ________________________________________________________________________________________ Cheque Visa MasterCard AMEXCard number___________________________________________________________________ Exp._____________________Signature_______________________________________________________________________________________________ The information and opinions contained in this message are drawn from sources believed to be reliable, but the accuracy and completeness is not guaranteed, nor in providing it does the sender assume any liability.A Division of ResOpp Publishing Corp.