Prospect Resources discovers visible gold
Visible gold has been discovered at Prospect Resource’s (ASX:PSC) Prestwood Gold Mine.
The gold was discovered and collected during shaft sinking in the Prestwood sub-vertical.
Shaft sinking is continuing and the development of underground stopes continues.
Meanwhile a stockpile of development ore continues to grow in preparation for first toll treatment.
The news has come thick and fast for Prospect Resources in 2016 in anticipation of the commencement of gold production.
The most recent news sees PSC acquiring an option over a 12km African gold system, with four main drill targets that are shallow and have been subjected to limited exploration.
This new project, the Moba Gold Project, complements PSC’s play of identifying historical gold mines which have been closed for decades, reopening them and developing them to a cash flow position.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.