May 19, 2023
Prospector Metals Corp. (TSXV:PPP, BUY (S), Taylor Combaluzier) announced drill results from its maiden four-hole (826.4m) drill program at its 100%-owned Whitton Ni-Cu-PGE project. A new Pt-Pd discovery was reported from two holes targeting the NW margin of the previously untested Roadcut complex of the project. Highlights include: 1) 0.49 g/t Pt+Pd over 10.50m from 14m (23WL003) and 2) 0.46 g/t Pt+Pd over 14.40m from 5.60m (23WL004). Two holes drilled at the Whitton geophysical conductor did not return any significant grades. While we note that the results at Roadcut were low-grade, both intersections were 100m apart and displayed relatively consistent mineralization with similar grades, suggesting that both holes could have intersected a single, continuous zone associated with the non-magnetic gabbroic border phase of the Roadcut complex. The crew has been mobilized to further expand the surface expression of the mineralized zone and identify additional targets. Read more
Company Specific Disclosure Details
Prospector Metals Corp. – TSXV:PPP – 3
- The analyst has visited the head/principal office of the issuer or has viewed its material operations.
- The issuer paid for or reimbursed the analyst for a portion, or all of the travel expense associated with a visit.
- In the last 12 months preceding the date of issuance of the research report or recommendation, Red Cloud Securities Inc. has performed investment banking services for the issuer.
- In the last 12 months, a partner, director or officer of Red Cloud Securities Inc., or an analyst involved in the preparation of the research report has provided services other than in the normal course investment advisory or trade execution services to the issuer for remuneration.
- An analyst who prepared or participated in the preparation of this research report has an ownership position (long or short) in, or discretion or control over an account holding, the issuer’s securities, directly or indirectly.
- Red Cloud Securities Inc. and its affiliates collectively beneficially own 1% or more of a class of the issuer’s equity securities.
- A partner, director, officer, employee or agent of Red Cloud Securities Inc., serves as a partner, director, officer or employee of (or in an equivalent advisory capacity to) the issuer.
- Red Cloud Securities Inc. is a market maker in the equity of the issuer.
- There are material conflicts of interest with Red Cloud Securities Inc. or the analyst who prepared or participated in the preparation of the research report, and the issuer.
Analysts are compensated through a combined base salary and bonus payout system. The bonus payout is determined by revenues generated from various departments including Investment Banking, based on a system that includes the following criteria: reports generated, timeliness, performance of recommendations, knowledge of industry, quality of research and client feedback. Analysts are not directly compensated for specific Investment Banking transactions.