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.