Prodigy Gold (ASX:PRX) strikes high-grade gold at Hyperion Deposit, boosting exploration potential

Prodigy Gold (ASX:PRX) has once again underscored its credentials as a major player in the Tanami region, with the recent drilling results from its Hyperion Gold Deposit reinforcing the company’s focus on expanding its mineral resources.

The Tanami North Project has long been a cornerstone of Prodigy’s strategy, and these latest results from the Reverse Circulation (RC) drilling program, completed in September, reveal substantial high-grade gold intersections.

The drilling campaign covered 1,770 metres across 17 holes, targeting the Hyperion, Tethys, and Suess Lodes.

The standout highlights include 25 metres at 2.2g/t Au from 66m in hole HYRC24001 and an impressive 10 metres at 15.9g/t Au from 177m in hole HYRC24004. These results showcase the prospectivity of the deposit and give further credence to Prodigy’s resource expansion efforts.

Prodigy Gold Managing Director Mark Edwards remarked, “The results support our strategy of focusing on the Tanami North project area and underscore our commitment to organic growth in our mineral resource inventory. We are particularly excited by the metallurgical testwork samples we’ve collected, which will provide critical insights into the mineralisation characteristics across the various lodes.”

Key Takeaways:

• Hyperion Lode:
  • 25m @ 2.2g/t Au from 66m (Hole HYRC24001)
  • 99m @ 2.7g/t Au from 33m (Hole HYRC24005)
• Tethys Lode:
  • 10m @ 15.9g/t Au from 177m (Hole HYRC24004)
  • 30m @ 2.9g/t Au from 31m (Hole HYRC24006)
• Suess Lode:
  • 4m @ 7.7g/t Au from 87m (Hole HYRC24004)

These high-grade intercepts, combined with substantial widths, are especially encouraging given that they surpass previous estimates from earlier resource modelling.

The updated mineral resource estimate, expected in the near future, will no doubt reflect the impact of these findings.

Edwards noted that the Hyperion results would help refine the mineral resource, which currently stands at 8.64Mt at 1.5g/t Au for 407,000 ounces of gold, with a cut-off grade of 0.6g/t Au.

“This is an outstanding result and demonstrates the overall potential of the Hyperion Deposit and the nearby areas,” added Edwards, pointing out that these results will shape the drilling strategy for the 2025 field season. “We’ll definitely be following up on the outstanding intercept from hole HYRC24004, which yielded 10 metres of mineralisation at nearly half an ounce per tonne.”

This success strengthens Prodigy Gold’s standing in the Northern Territory’s Tanami Gold Province, an area known for multi-million-ounce gold deposits.

Hyperion’s location, nestled between Northern Star Resources’ Groundrush Gold Deposit and the Crusade Gold Deposit, is another reason for investors to keep a close eye on Prodigy’s exploration efforts.

With the Northern Territory’s Tanami region continuing to deliver for Prodigy Gold, the Hyperion Gold Deposit remains central to the company’s strategy.

These recent drilling results confirm that Hyperion has the potential to be a significant contributor to Prodigy’s growth, both in terms of resource expansion and shareholder value.

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