Prospector Metals Begins Drilling at Whitton Ni-Cu-PGE Project, Ontario

Prospector Metals Corp. announced it started a maiden diamond drilling program at its nickel (Ni), copper (Cu), platinum group elements (PGE) Whitton Project located 20 km north of Impala Canada's Lac des Iles platinum group mine.

"We are very excited to begin the first ever drill campaign at our Whitton Ni-Cu-PGE Project in Ontario, “ said Alex Heath, CFA., President and CEO. “Within the span of two years, Prospector has advanced Whitton from staking to drilling - demonstrating the company's ability to systematically advance projects in a cost-effective manner while providing significant discovery potential."

The maiden diamond drilling program of up to 1000 m in length will target the newly identified, never previously drilled, shallow, steeply dipping electromagnetic conductors (EM) to test for Ni-Cu magmatic sulphides. A multi-year exploration permit was issued at the beginning of April 2022.

The property has seen little historical exploration and has no drilling data to date. In 2021, Prospect Metals did a modeling on a VTEM survey and found strong, steeply dipping, linear conductors, including the Whitton conductor which measures 3.5km in length. Subsequently in 2021 prospecting and mapping successfully confirmed the presence of sulphidic mafic-ultramafic intrusive rocks, locally anomalous in nickel, copper, palladium, and platinum.

The presence of low-grade, yet significantly anomalous Ni-Cu-PGE values in rocks with less than 5% total sulphide suggests that rocks with massive sulphide concentrations could yield much higher metal values.

The Whitton Project (formerly known as Heaven Lake Project) covers the Heaven Lake Greenstone Belt, accessed via Highway 11 and an extensive network of forestry roads that cut through the claim block. There has been no recorded staking activity since early 2000's with only sporadic work for zinc copper and silver in 1970's-1990's and Ni-Cu-PGE 2000-2002, and no previously recorded gold exploration despite favorable geological setting and nearby mine complex.

Whitton represents a unique setting for VMS base metal, mafic magmatic Ni-Cu-PGE and lode gold within overlapping rock types and structural sites with multiple major zones along a NE trend, which are favorable trends for syn-volcanic VMS mineralization, MUM intrusions with Ni-Cu-(PGE) sulfides, and development of shear zones hosting lode gold deposits. All three of these possibilities are evident from the mapped geology and aeromagnetics. Robust geophysical targets from modelled 2021 VTEM conductors are ready to drill, for both MUM hosted Ni-Cu-PGE sulfides at the Whitton target and for syn-volcanic VMS deposits in the Syncline target in the southwestern portion of the claim block.

Prospector Metals Corp. is a Discovery Group Company with a business model focussed on district scale, early-stage exploration of gold and base metal prospects and create shareholder value through new discoveries. 

The company's focus is to identify underexplored or overlooked mineral districts which display important structural and mineralogical similarities with well-endowed mining camps.

Prospector Metals projects primarily occur in Ontario, Canada, a tier-1 mining region with abundant overlooked geological regions with high mineral potential. Prospector engages proactively with local and Indigenous rightsholders and seeks to develop relationships and agreements that are mutually beneficial to all stakeholders.

For further information about Prospector Metals Corp.

Contact Alex Heath at 604-354-2491 or by 
email atalexh@prospectormetaslcorp.com.

www.prospectormetalscorp.com

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