Prestwood mine

Prospect Resources has identified high-grade gold at the Prestwood Gold Project in Zimbabwe during a six hole-1,281m RC drilling programme.

Results from under the main gold reef include 9.23g/t Au over 1m, at 153m at borehole BPC001 and 9.94g/t Au over 1m at 193m at BPC005.

High-grade intercept of 12.3g/t Au over 1m within shallower shear zones at BPC006 borehole confirms open pit development potential, according to Prospect Resources.

In a statement, the company said that the results show that mineralised reef continues below and along strike of the historic gold workings, and it seeks to bring the project into production as a high-grade gold mine.

Five of six holes drilled intersected intact main reef down dip to 195m depth, which is seemingly open-ended.

"Five of six holes drilled intersected intact main reef down dip to 195m depth."

Prospect Resources plans to proceed with shaft rehabilitation and underground drilling at the site, including re-establishment of mains power.

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All lower levels of the mine will be mapped and sampled after shaft rehabilitation following which underground drilling will commence, to test the extent of the parallel and cross-cutting structures.

Future surface work at the mine will comprise induced polarisation surveys to identify sub-outcropping disseminated halos, followed by a short hole RAB drilling programme to define broader disseminated targets.

Located approximately 112km south-east of Bulawayo, the Prestwood gold mine has produced approximately 499kg of gold at 33.1g/t to date.

Image: Prestwood Grid plan projected over Quick Bird satellite. Photo: courtesy of Prospect Resources Limited.