Prospector Continues to Expand Multiple High-Grade Gold Trends: TESS Zone Hole #32 Yields 7.29 g/t Au, 0.91% Cu over 14m and Skarn Ridge Zone Hole #24 Yields 2.04 g/t Au, 0.42% Cu over 27m Plus 4.33 g/t Au, 0.5% Cu over 19m
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The November 26, 2025 news release provides the final assay results for Prospector's 2025 diamond drill program at its flagship ML Project in the Yukon. The highlights include: - TESS Zone: Hole ML25-032 intersected 7.29 g/t Au and 0.91% Cu over 14.0 meters. This follows up on the discovery hole ML25-031 which hit 13.79 g/t Au and 1.84% Cu over 44.0 meters (announced October 1, 2025). - Skarn Ridge Zone: Hole ML25-024 yielded two significant intervals: 2.04 g/t Au and 0.42% Cu over 27.0 meters, plus a deeper zone of 4.33 g/t Au and 0.5% Cu over 19.0 meters. - The 2025 drill program was expanded from a planned 5,000 meters to 6,648.91 meters across 39 holes. - The company confirmed it has approximately $40 million in working capital following its recent financing and is planning an aggressive, fully funded 25,000-meter drill program for 2026 to expand the key zones.
This news is materially positive, providing strong validation and follow-up to the company-making "TESS Zone" discovery announced on October 1, 2025.
- Confirmation and Expansion: The original TESS discovery hole (ML25-031) was spectacular and caused a massive re-rating of the stock. The key risk was whether this was an isolated high-grade pod. The results from hole ML25-032, while not as wide or high-grade as the discovery, are still excellent (7.29 g/t Au over 14m) and confirm that the high-grade system has continuity. This significantly de-risks the TESS Zone.
- Project-Wide Potential: The strong results from a separate target, Skarn Ridge, demonstrate that the ML Project is not a one-zone story. Hitting multiple broad intercepts of 2-4 g/t gold adds considerable tonnage potential to the project and showcases a district-scale mineralizing system, as suggested by the CEO.
- Strategic Context: This news must be viewed in the context of the preceding month's events. The October 1 discovery attracted a $10M strategic investment from major gold producer B2Gold Corp., which was subsequently expanded into a C$38M financing that closed on November 21. These drill results validate the due diligence and conviction shown by B2Gold.
- Progression and Execution: Prospector has demonstrated excellent execution. They successfully completed an expanded 2025 drill program, made a significant new discovery, and leveraged that discovery to secure a top-tier strategic partner and fully fund the company for a much larger program in 2026. This rapid and positive progression is what creates value in the exploration sector.
While the October 1 discovery was the "Game Changer," these final results are a material and necessary confirmation. They solidify the discovery, expand the project's potential, and justify the massive 25,000-meter drill program planned for next year.
Prospector Metals Corp. is a Canadian mineral exploration company focused on identifying and advancing high-potential projects. Its flagship asset is the 100% owned, royalty-free ML Project, located in the Tombstone Gold Belt in Yukon, Canada. The project hosts a Reduced Intrusion Related Gold System (RIRGS). In October 2025, the company announced a significant high-grade gold-copper discovery, the "TESS Zone," which has become the primary focus of its exploration efforts. The company also holds other projects, including the Devon copper-nickel project in Ontario.