PROSPERITY Resources has doubled its Yalgoo North Project’s
resources to about 140,000 ounces of gold.
An aggressive drilling program since its listing last
November has paid off with the confirmation of a doubling of the resources at
Yalgoo North and scope to increase again.
Propserity Resources managing director Ric Dawson said the
exploration showed a resource of about 2.2 million tonnes at two grams per
tonne of gold.
"With the close proximity of two established gold
treatment plants near Yalgoo and with the economics of a significant gold
deposit, the possibility of becoming a gold producer are starting to become a
reality," he said.
Work is to commence on a new drill program in May. The
company is looking to engage an independent mining engineer to project manage
its transition from explorer to miner.