Lake Mackay Project
Overview
Prodigy Gold and IGO Limited (“IGO”) operate three joint ventures (JVs), including one involving Castile Resources, around the Lake Mackay Region. All JV’s are managed by Prodigy Gold.
Gold JV
- 70% PRX / 30% IGO covering 2 granted and 1 application title over an area of 280km²
- Includes the Arcee Prospect located near the WA border, with RC drilling completed on the prospect in 2022
Castile JV
- 60% PRX / 26% IGO / 14% Castile covering 1 granted title over an area of 89km²
- Includes the Goldbug Prospect with peak result from 2020 drilling of 16m @ 1.5g/t Au from 48m1¹
Base Metal JV
- 30% PRX / 70% IGO covering 3 granted and 11 application titles over an area of 8,968km²
- Includes the Phreaker, Grimlock, Bumblebee and Grapple Prospects
- Phreaker Prospect has reported significant results in 2023 such as²;
- 2.3m @ 1.14% Cu, 0.97% Zn, 9.1g/t Ag & 0.11g/t Au from 739.8m, and
- 3.3m @ 0.42% Cu, 0.57% Zn, 3.7g/t Ag, and 0.26 g/t Au from 697m
¹ASX 18 January 2021 ²ASX 6 February 2023
Key Deposits and Prospects
Prodigy Gold and IGO are currently considering options for the Lake Mackay Project.
- Lake Mackay is located west of Alice Springs with potential for further discovery.
- Significant work has been completed on the project by both companies, with a focus on other higher ranked target areas. Both companies are now considering next steps for the project. Work undertaken covers:
- 44,649m of drilling
- Detailed aeromagnetic and EM surveys covering large areas
- Significant amount of surface geochemical surveying
- Successful discovery of IOCG/ISCG, orogenic gold and lateritic nickel deposits over the project area.
- Many targets require further exploration and development with other identified greenfield targets requiring additional follow up on ground exploration.
- If any party is interested in assessing the technical data for the project, please contact Prodigy Gold at admin@prodigygold.com.au with the title of any correspondence being “Lake Mackay Flyer”.