Junior Explorer Finds Extensive Copper-Gold Potential in BC

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* Disclosure for the quote from the Clive Maund article published on April 22, 2025:

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The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be  only be construed as a recommendation or solicitation to buy and sell securities.

Prosper Gold Corp. (TSVX: PGX; OTCQB: PGXFF) announced it completed more than 1,600 meters of drilling and 16 line kilometers of induced polarization (IP) surveying last winter at its Cyprus copper-gold project in north-central British Columbia.

Three holes totaling 1,602 meters were drilled at Target A on the project. The company said all of the holes intersected "quartz-sericite-pyrite (phyllic) alteration, porphyritic intrusions, hydrothermal breccias, and intermittent pyrite mineralization."

The IP survey outlined a 2- by 1.2-kilometer "high chargeability anomaly" 1.2 kilometers southwest of the nearest drill hole, where follow-up drilling is planned for this summer.

"The maiden drill program at Cyprus was designed to target coincident magnetic and conductivity anomalies outlined from our 2024 property-wide ZTEM survey,” said Chief Executive Officer Peter Bernier.  "The drill core and the recent IP results indicate that we drilled the margin of a hydrothermal system. We are very excited that the next phase of drilling will utilize all the data we have acquired to more effectively target this covered porphyry system."

The Cyprus Project is a district-scale porphyry copper-gold project with several historically defined copper ± gold porphyry prospects and significant historical drill results, including 138.2 meters at 0.55% copper (Cu), Vancouver-based Prosper has said.

The results from the winter drilling and recent funding with Bernier increasing his stake in the company to 15.7%, a clear vote of confidence for Prosper, are possible catalysts for the company, Technical Analyst Clive Maund noted on Tuesday, writing that the stock is "an Immediate Strong Buy for all time horizons."*

"On the three-year chart we can see how the bear market continued over the past several years but decelerated to the point that it looks like it hit a final low last December and with upside volume improving this year and volume indicators tentatively climbing it looks like the price has just made a Double Bottom with the December low, following the latest dip, a view that is certainly reinforced by the big trade last week that caused the Accumulation line to spike," Maund wrote.

Drill Holes Intersected System With Porphyry Potential

In a release, Prosper announced that initial drilling at Target A targeted "coincident magnetic low and conductivity high anomalies outlined in the company’s summer 2024 ZTEM (z-axis tipper electromagnetic) airborne survey."

After that, the deep-penetrating IP survey outlined the distribution of disseminated sulfides within the hydrothermal system. IP results, along with alteration, lithology, and pyrite mineralization observed in drill cores suggest the northeastern margin of the system was drilled.

Technical Analyst Clive Maund wrote that the stock is "an Immediate Strong Buy for all time horizons."

"The survey results indicated the vast majority of disseminated sulfides occur 1.2 kilometers to the southwest of the nearest drill hole," Prosper said.

The three holes intersected variable amounts of quartz-sericite-pyrite (phyllic) alteration spatially associated with porphyritic intrusions, the company said.

"The presence of hydrothermal breccias, fracture-fill and disseminated pyrite mineralization and sericitic alteration suggest the drill holes intersected the periphery of a hydrothermal magmatic system that has the potential to host a porphyry copper deposit," Prosper noted.

The company said follow-up drilling is scheduled for early summer 2025.

'Extraordinary Upside Potential'

Cyprus is a porphyry copper-gold project comprising 623 square kilometers of contiguous claims in part of an Eocene porphyry belt. It is on trend with American Eagle Gold Corp.'s (AE:TSXV; AMEGF:OTCQB) NAK Project, 60 kilometers to the south in the same metallogenic belt.

It includes the historical Kaza and Northstar copper prospects and represents a district-scale copper-gold porphyry exploration project, the company said. At the historical Kaza copper-gold prospect, soil samples up to 5.09 grams per tonne gold (g/t Au) and 10,000 parts-per-million (ppm) copper were found, along with surface rock chip samples from 1973 including 0.88% Cu, 15.4 g/t Au and 120 g/t silver (Ag) over 4 meters coinciding with a 2,000-by-600-meter area of high IP chargeability and low magnetic response.

With two district-scale projects (Cyprus and its Golden Sidewalk project in Ontario), Prosper's stock is "considered to have extraordinary upside potential from its current low level with potential for massive percentage gains," Maund wrote.

"It therefore looks like pressure is rapidly building in Prosper Gold stock for an upside breakout into a major new bull market so that the time window for buying it at this price is rapidly closing," he wrote.

The Catalyst: Bull Market Keeps Rising

Gold continued its bull market Monday, surging above US$3,400 to a new record high as the dollar weakened and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion, according to Ashitha Shivaprasad and Daksh Grover writing for Reuters.

Spot gold rose 2.6% to US$3,414.91 an ounce at 09:26 a.m. ET after hitting a record high of US$3,424.25 earlier in the session, Reuters said.

Gold, which is considered a hedge against uncertainties and known to be a highly liquid asset, has scaled multiple record highs and gained more than US$700 since the start of 2025. It surpassed US$3,300 last Wednesday and its strong momentum pushed it up by another US$100 in just a few days, Reuters reported.

"As tariff tensions continue to move at a fevered pitch, we continue to see gold prices move to the upside as a safe haven response," said David Meger, director of metals trading at High Ridge Futures, according to the Reuters piece. "There'll be pullbacks and profit-taking at times, but we still believe in the underlying trend to be on sideways to higher trajectory."

Some predicted gold could go even higher. Garth Friesen wrote for Forbes on March 15 that DoubleLine Chief Executive Officer Jeffrey Gundlach said, "I think gold will make it to US$4,000. I'm not sure that'll happen this year, but I feel like that's the measured move anticipated by the long consolidation at around US$1,800 on gold."

And according to an April 10 post on Goldfix, Goldman Sachs has revised raised the upper boundary of its forecast range for the end of the year to US$3,520 an ounce and even introduced a "tall-risk scenario" as high as US$4,500 an ounce.

"The revision stems primarily from upside surprises in ETF inflows and persistent, large-scale central bank gold purchases," the article noted.

And with just about every leg of the energy transition depending on copper and its importance as an electrical conductor, the hunt for the red metal is also important and "has been accelerating, as companies involved in all parts of the copper supply chain realize the structural supply deficit," wrote Rick Mills, author of the newsletter Ahead of the Herd.

"They understand the need to find sources — existing mines, expansions, brownfield projects, greenfield projects, etc. — and are making deals to acquire the base metal, which is not only essential to electrification and decarbonization but industry in general," Mills wrote.

Ownership and Share Structure

According to the company, 19% of Prosper Gold is owned by management and insiders. Of those, CEO Peter Bernier owns 17.19% and Director Jason Hynes owns 1.24%, according to Refinitiv.

About 26% is with institutional investors and the rest is with retail investors.

According to Reuters, the company has about 56.76 million shares outstanding. Its market cap is CA$4.53 million and it trades in a 52-week range of CA$0.08 and CA$0.16.