Prospector Metals drills 0.49 g/t Pt+Pd over 10.5 metres at Roadcut, Ontario

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Prospector Metals Corp. [PPP-TSXV; PMCOF-OTCQB; 1ET-FSE] reported diamond drill results from the 100%-owned, district-scale Whitton nickel/copper/platinum group element project covering 4,400 hectares (44 km2) located 20 km north of Impala Canada’s Lac des Iles platinum group elements nickel-copper mine in Ontario. The 2023 maiden drill program consisted of four NQ-sized diamond drillholes totaling 826.40m to test the Roadcut Pt-Pd target and the Whitton Ni-Cu sulphide target.

Roadcut Discovery Drilling Highlights: Two drill holes totaling 245.67 metres were completed at the Roadcut target, where sampling by Prospector in 2021 identified anomalous Pt and Pd surface/outcrop mineralization within a previously unrecognized and unmapped mafic intrusive complex, now known as the “Roadcut Complex”.

The two Roadcut holes were spaced approximately 100 metres apart, were completed to test the anomalous surface Pt and Pd results located on the northwestern margin of the Roadcut Complex. Both drill holes returned significant intervals: 23WL003 returned 0.49 g/t Pt+Pd over 10.50 metres from 14 metres, and 23WL004 returned 0.46 g/t Pt+Pd over 14.40 metres from 5.60 metres.

Initial interpretations suggest the holes intersected a single, continuous zone associated with a non-magnetic gabbroic border phase of the Roadcut Complex. These are the first ever drill holes at Roadcut and mineralization is open along trend and at depth.

Prospector currently has field crews mobilized back to the Roadcut area in order to expand the surface expression of the mineralized zone and define further drill targets. Crews are also conducting property-wide evaluations to possibly identify additional mafic complexes similar to Roadcut.

The mineralized zone comprises fine- to locally medium-grained gabbro to melanogabbro containing pervasive trace to locally 0.5% extremely fine-grained (0.1 to 0.2 mm) “pin-point” sized disseminated sulphides, including pyrrhotite and subordinate chalcopyrite.

Dr. Rob Carpenter, Co-Chairman, stated: “The maiden drill program at Roadcut successfully intersected a previously unknown and highly anomalous Pt+Pd-bearing altered and mineralized gabbro; an encouraging positive step forward for a project that has seen little systematic exploration in the past. We are eager to resume prospecting to expand this exciting new discovery.

At Whitton, two drill holes totalling 580.73 metres were completed to test the Whitton geophysical conductor. No significant metal values were intersected in these holes. Additional analysis of the results will be ongoing to ensure the Whitton conductor was adequately tested.

The property covers the Heaven Lake Greenstone Belt, accessed via a main provincial highway and an extensive network of forestry roads that cut through the claim block. There has been no recorded staking activity since early 2000s with only sporadic work for Zn-Cu-Ag (1970s-1990s) and Ni-Cu-PGE (2000-2002), and no previously recorded gold exploration despite favorable geological setting and nearby mine complex.

Whitton Ni-Cu-PGE Project Highlights: Road accessible project located within 20 km of Impala’s operating Lac des Iles platinum-palladium-nickel-copper mine. The presence of low-grade, yet significantly anomalous Ni-Cu-PGE values in rocks with less than 5% total sulphide (disseminated) suggests that rocks with massive sulphide concentrations could yield much higher metal values. Modeling of the VTEM survey conducted in 2021 defined strong, steeply dipping, linear conductors.

Subsequent 2021 prospecting and mapping successfully confirmed the presence of sulphidic mafic-ultramafic intrusive rocks, locally anomalous in Ni, Cu, and Pt-Pd. A multi-year exploration permit was issued at the beginning of April 2022.

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