April 29, 2013
In light of the fact that we have now completed the 2013 winter drill program I thought it apropos to provide a quick update.
Thanks to ProsperityвЂ™s strong technical team, 20 core drill holes were completed at the Kiuyuk Lake gold property for a total of 4,426 metres; a little more than the planned 4,000 meters.
Eleven holes were drilled at the Rusty target with the balance on five other targets. The drill program was completed on schedule and under budget.
The results of the first four holes were released April 9thconfirming continuity of gold mineralization at Rusty. All remaining assay results are expected early May.
Prosperity is using the funds raised in late 2012 to do field work; we are one of the few juniors to be active. We raised money to drill and weвЂ™ve done what we said weвЂ™d do. And more importantly the results to date are positive.
The Company has sufficient cash on hand, currently approximately $1.5 million, to continue operations throughout 2013 including a summer program which is still being planned.
I thank shareholders for their support and continued patience as we go through these turbulent times of fluctuations in the gold price and negative sentiment towards junior exploration companies. These gyrations are beyond our control but we all know the mining business is cyclical and we are confident better times will eventually prevail.
Adrian Fleming, President and CEO
Prosperity Goldfields Corp.