Prospector Initiates Drilling on Devon Cu-Ni Project, Ontario

Core Insights - Prospector Metals Corp. has initiated its first drill program on the Devon Copper-Nickel Project in Northwestern Ontario, targeting high-priority areas identified through detailed 3D modeling and previous sampling results [1][2][13] - The project covers 15,347 hectares and is located 50 km southwest of Thunder Bay, Ontario, with road accessibility enhancing operational efficiency [4][11] Drilling Program Details - The diamond drill program will involve 1,000 meters of drilling across five targets at the Copper Hill Occurrence area, fully financed and expected to take approximately three weeks to complete [3][2] - The drilling targets were developed in-house and represent a low-cost, high-reward exploration opportunity, as these base metal targets have never been drilled before [2][4] Geological Context - The Devon Project area is characterized by numerous mafic-ultramafic intrusions, which are conducive to hosting disseminated to massive magmatic Ni-Cu sulfides with platinum group elements (PGEs) [4][13] - Recent surface sampling has confirmed the presence of mineralization, with assays showing up to 1.13% Cu, 0.53% Ni, and 3.54 g/t Pd+Pt, indicating potential for high tenor mineralization at depth [1][13] Analytical Methodology - The drilling will utilize NQ2 size core, with samples prepared and analyzed by AGAT Labs in Thunder Bay, following industry-standard QA/QC procedures [8][9] - Analytical methods include fire assay for precious metals and multi-element analysis for base metals, ensuring comprehensive evaluation of the mineralization [8][9]