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Prospector Metals Cuts 5.91 g/t Gold Over 22 Metres as the Yukon's TESS Zone Keeps Delivering

Scissor hole ML26-085 returns 14.32 g/t gold over 8.58 metres, a new gold trend surfaces about 3 km away, and more than half of a 100-hole season is still in the lab.

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Prospector Metals Cuts 5.91 g/t Gold Over 22 Metres as the Yukon's TESS Zone Keeps Delivering

Some gold systems announce themselves with a single hole. TESS prefers to argue its case one scissor at a time, and on Thursday it added another persuasive exhibit.

Prospector Metals Corp. (TSXV: PPP; OTCQB: PMCOF; FSE: 1ET0) reported that hole ML26-085 at the TESS zone on its ML Project in the Yukon cut 5.91 g/t gold over 22.06 metres from 46.52 metres downhole, including 14.32 g/t gold over 8.58 metres and a single half-metre sample grading 147.2 g/t gold.

The supporting cast was solid. Hole ML26-083 returned 5.83 g/t gold, 30.52 g/t silver and 1.31% copper over 8.79 metres from 30.51 metres, including 15.27 g/t gold, 105 g/t silver and 4.38% copper over 2.16 metres. Step-out hole ML26-068 pushed the zone roughly 50 metres to the southwest with 3.12 g/t gold over a reported 11.31 metres from 62.88 metres, including 21.31 g/t gold over 1.19 metres. ML26-070 added 10.79 g/t gold over 2.24 metres from 87 metres, ML26-078 returned 4.18 g/t gold and 0.88% copper over 3.90 metres (including 19.20 g/t gold over 0.61 metres), ML26-073 cut 0.91 g/t gold, 13.81 g/t silver and 0.81% copper over 12.80 metres (including 3.15% copper over 2.30 metres), and ML26-075 posted 3.51 g/t gold over 2.48 metres.

Not every hole lit up. Eight TESS holes, ML26-062, -063, -064, -066, -067, -076, -080 and -081, returned no significant values, and ML26-071 managed only 0.55 g/t gold over 8.87 metres. ML26-072 failed to reach its target and was redrilled as ML26-075. The company interprets its northeastern holes as having been drilled above and north of the key high-grade shoots, which is a reasonable read for a plunging-shoot system but one that 2027 drilling will need to prove.

Geometry is where TESS starts to look like a deposit rather than a collection of good holes. Prospector says the mineralized corridor appears to have a true thickness of 15 to 25 metres, dips steeply south and trends northeast. It is now defined over at least 400 metres along trend and to 175 metres depth on 25-metre sections, and remains open in all directions. Mineralization comes with pyrrhotite, pyrite, arsenopyrite, chalcopyrite and locally visible gold. Earlier this season, hole ML26-056 returned 41.34 g/t gold over 7.81 metres, including 130.77 g/t gold over 2.25 metres, as reported by The Deep Dive in October.

The district angle got a boost, too. At the new Rubble trend, about 3 km southwest of TESS, the first hole, ML26-123, cut 13.0 g/t gold over 0.51 metres from 21.34 metres and 1.52 g/t gold over 4.63 metres from 50.63 metres. Surface prospecting there returned 9.65 to 93.8 g/t gold, averaging 45.6 g/t gold, over at least 100 metres before the trend disappears under thin cover. Seven holes at Phoenix, about 4.4 km southwest of TESS, returned only anomalous values, the best being 4.94 g/t gold over 1 metre in ML26-065 and 0.55% copper over 2.44 metres in ML26-079.

Why it matters: the newsflow is far from over. Prospector drilled 100 holes totalling 20,980 metres across nine target areas in 2026, and results are in for only 48. Assays for 52 holes are pending, including first results from the NIT, Lorrie, Pebble, Camp Valley and ML North trends, along with 547 surface rock samples. The company says it holds more than $36 million in cash, enough to drill for several years without returning to the market. It also has a deep-pocketed shareholder. B2Gold Corp. (TSX: BTO; NYSE American: BTG) lifted its stake to 17.2% in November 2025, buying 10.3 million shares at $0.97 apiece for $10 million, according to The Deep Dive.

Dr. Rob Carpenter, Co-Chairman, President and CEO, said the 2026 campaign "has only scratched the surface of a district scale, high-grade gold system."

A dose of realism belongs here. TESS has no mineral resource and no economic study, and the headline interval leans on one exceptional sample: the 147.2 g/t half-metre accounts for more than half of the gram-metres in ML26-085's 22.06-metre intercept. Gold in shoot-controlled systems is notoriously patchy, as eight barren holes in this batch demonstrate, and the release gives Rubble's distance from TESS as both 3 km and 3.7 km. Investors should treat TESS as an advancing discovery, not a defined deposit.

Sources

Disclaimer

Neither the author of this article nor JuniorStocks holds equity, stock options, or any other financial positions in Prospector Metals Corp. (TSXV: PPP; OTCQB: PMCOF; FSE: 1ET0) or any other companies mentioned in this publication. This content is published by JuniorStocks strictly for informational purposes, was prepared independently without company compensation, and utilized AI assistance for text editing, formatting, and generating accompanying media. While a fully funded, B2Gold-backed high-grade gold system in the Yukon represents a compelling exploration story, this article does not constitute investment or financial advice. Investors are strongly advised to conduct their own thorough, independent due diligence and consult with a qualified financial professional before making any investment decisions.

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