Prospector Metals Corp. (“Prospector” or the “Company”)
(TSXV: PPP; OTCQB: PMCOF; Frankfurt: 1ET0) a Discovery Group Company focused on district
scale, early-stage exploration of gold and base metal prospects, is pleased to announce that a second
field reconnaissance program, including detailed airborne geophysical surveying, is scheduled to
commence in Q4 2023 at the Company’s 100% owned Devon Ni-Cu-PGE Project in Ontario. Following
its highly successful initial work program (see June 29, 2023 press release), this new program will
further investigate the potential for district-scale nickel mineralization and cover multiple prospective
target structures.
Devon Project Exploration Highlights:
• The Devon Project is located near Thunder Bay, Ontario, in close proximity to some of
Prospector’s other Ni-Cu-PGE projects including the Garden and Whitton.
• Recent field work completed by Prospector returned samples with up to 1.125 % Cu, 0.53 %
Ni, and 3.54 g/t Pd+Pt, and 0.123 % Co.
• The identification of Devon follows the Company’s strategic focus on evaluating the Ni-Cu-PGE
potential in NW Ontario through re-evaluation of publicly available geologic and geophysical
data to define robust drill ready targets that have been overlooked (Figure 1).
• At the Copper Hill Occurrence, angular boulders returned assays of up to 1.125 % Cu, 0.4 %
Ni, and 2.35 g/t Au+Pd+Pt and 1.015 % Cu, 0.298 % Ni, and 3.81 g/t Au+Pd+Pt. Over a
dozen similarly mineralized angular blocks were noted within an area several hundred metres
in extent, ranging from 15 cm cobbles up to several angular boulders greater than 1 m in
diameter.
• Multiple occurrences along the Pigeon River dykes were identified in outcrop returned assays
of up to 0.73 % Cu, 0.53% Ni, 0.114 % Co, and 0.22 g/t Au+Pd+Pt, 0.64 % Cu, 0.437 % Ni,
and 0.267 g/t Au+Pd+Pt, and 0.47% Cu, 0.097 % Ni, and 0.404 g/t Au+Pd+Pt.
• This region is host to several ages of world class deposits and districts including Lac des Iles,
Shebandowan, and Current Lake, as well as the high-grade Eagle / Eagle East and Tamarack
deposits in neighboring Michigan and Minnesota, respectively.
