Additional ounces... some very shallow. This deposit is getting bigger and bigger and bigger.

http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=18939

red911

Prodigy Gold drills 203 m of 1.27 g/t Au at Magino

2012-01-24 08:56 NT - News Release

Mr. Brian J. Maher reports

MAGINO DRILLING EXPANDS GOLD ZONE IN MAIN DEPOSIT: 203 METRES GRADING 1.27 GPT AU; CONFIRMS SOUTHWEST EXTENSION TO DEPOSIT

Prodigy Gold Inc.'s resource expansion and step out drilling at its Magino mine gold project in Ontario has intercepted significant gold mineralization in multiple areas:

* Within and adjacent to the main Magino gold resource, 
* The southwest extension of the Magino deposit, and
* The Lovell Lake area 200 metres west of Magino deposit.  

Prodigy completed 54 core drill holes totaling 18,077 metres (including condemnation drilling), augmenting and expanding the Magino gold resource potential.

Magino in-fill and resource expansion drilling: Highlights include 203 metres grading 1.27 gpt gold in drill hole MA11-177 and 164 metres grading 1.09 gpt gold in drill hole MA11-136. These and other drill holes reported below document thick intervals of gold mineralization that were not included in previous Magino gold resource estimates. Drill hole MA11-149 intercepted 19.0 metres grading 3.38 gpt gold starting at a vertical depth of 227.5 metres, contiguous to other high grade intercepts. Deeper, higher grade gold mineralization, documented in resource estimates, continues to be consistent in the Magino gold deposit. All of the drill holes reported herein were completed after the recent Magino gold resource estimate (NI 43-101 Technical Report dated November 2, 2011) and subsequent Preliminary Economic Assessment (PEA) outlined in a press release dated December 22, 2011 and have the potential to increase minable gold resources at Magino. Additional drilling is being planned for these areas. A complete drill hole table for all 28 in-fill and resource expansion drill holes (10,400 metres) is presented below.

Southwest extension of the Magino gold deposit: In late 2011, Prodigy completed an initial test of the southwest extension of the Magino gold deposit (2,054 metres in seven drill holes). The preliminary results confirm widespread gold mineralization southwest of the main Magino gold deposit: 127 metres grading 0.84 gpt gold in drill hole MA11-160. Drilling in this area was preliminary, six drill holes in three fences spaced 100 metres apart. All of these drill holes intercepted gold mineralization, confirming a 300 metre extension to the main Magino gold deposit. Further drilling is planned for this area and farther to the southwest where the gold deposit is unconstrained by drilling. A complete drill hole table and drill hole location map for the southwest extension drilling program is presented below.

Lovell Lake area: Preliminary drilling in the Lovell Lake area, 200 metres west of the main Magino gold deposit, also intercepted encouraging gold mineralization: 29 metres grading 1.01 gpt gold in drill hole MA11-162. Gold mineralized drill holes at Lovell Lake, as well as historic drilling, are clustered in a gold mineralized zone with at least 300 metres of strike length. Additional drilling is being planned in the area, targeting potential expansion of the overall Magino project resources. Highlights of the 3,846 metre, fourteen hole, Lovell Lake drilling program and a drill hole location map are shown below.

Brian J. Maher, President and CEO of Prodigy Gold Inc. commented "Drilling in the main Magino gold deposit continues to demonstrate the potential to increase the total gold resource. These results, including the confirmation of a southwest extension to the Magino deposit, clearly indicate that the ultimate size of the deposit has yet to be determined. While we continue to grow the gold resource at Magino, we will revise pit optimization studies and evaluate possible expansion of the proposed open pit mining operation. Defining the full scale of the mining operation at Magino is a key step in completing a feasibility study for the project during 2012".

-***-

                                                                   Grade
                                                     From    To      40
                                    Dip     Est.    (Depth (Depth    gpt  
                                   (Angle   True    Below   Below  Capped
Drill   From   To   Length Azimuth below  Thickness Surface Surface (gpt
Hole   metres metres metres(360deg)surface) metres  metres) metres) gold)

MA11-126  22.0  114.0  92.0  160.0   -50.8   69.9     16.9    87.3   1.06

  INCL.   56.0   71.0  15.0                  11.4     42.9    54.4   4.03

MA11-129 251.0  365.0 114.0  167.4   -51.4   86.6    192.3   279.6   0.87

  INCL.  279.0  365.0  86.0                  65.4    213.7   279.6   1.10

  INCL.  349.0  365.0  16.0                  12.2    267.3   279.6   2.34 

MA11-130 259.0  355.0  96.0  162.2   -50.4   73.0    198.4   271.9   0.75

  INCL.  330.0  355.0  25.0                  19.0    252.8   271.9   1.20

MA11-132 193.0  210.0  17.0  164.8   -50.9   12.9    147.8   160.9   1.07

         320.0  336.0  16.0                  12.2    245.1   257.4   1.09 

MA11-133 228.0  260.0  32.0  164.3   -49.7   24.3    174.6   199.2   0.43

MA11-134 284.0  348.0  64.0  161.6   -50.6   48.6    217.5   266.6   1.01

MA11-135 135.0  343.0 208.0  164.8   -49.8  158.1    103.4   262.7   0.70

  INCL.  273.0  343.0  70.0                  53.2    209.1   262.7   1.69 

MA11-136 209.0  352.0 143.0  164.0   -47.9  108.7    160.1   269.6   1.09

  INCL.  219.0  339.5 120.5                  91.6    167.8   260.1   1.23

MA11-137 135.0  163.0  28.0  166.5   -50.6   21.3    103.4   124.9   0.75

         321.0  359.0  38.0                  28.9    245.9   275.0   1.01

MA11-138 262.0  343.0  81.0  166.4   -52.4   61.6    200.7   262.7   1.10

MA11-141 206.0  312.0 106.0  163.0   -50.0   80.6    157.8   239.0   1.01

MA11-143 301.0  353.0  52.0  165.2   -49.7   39.5    230.6   270.4   1.10 

MA11-145  65.0  210.0 145.0  167.0   -48.7  110.2     49.8   160.9   0.55

  INCL.  159.0  191.0  32.0                  24.3    121.8   146.3   1.25

  INCL.  223.0  249.0  26.0                  19.8    170.8   190.7   1.09

MA11-149 268.0  395.0 127.0  171.4   -50.9   96.5    205.3   302.6   1.06

  INCL.  268.0  355.0  87.0                  66.1    205.3   271.9   1.34

         297.0  316.0  19.0                  14.4    227.5   242.1   3.38

MA11-151 203.0  341.0 138.0  167.7   -50.3  104.9    155.5   261.2   0.70

  INCL.  280.0  341.0  61.0                  46.4    214.5   261.2   1.06

  INCL.  299.0  341.0  42.0                  31.9    229.0   261.2   1.36

MA11-154 142.0  174.0  32.0  164.8   -47.4   24.3    108.8   133.3   0.82

         426.0  452.0  26.0                  19.8    326.3   346.2   1.13

MA11-156 160.0  185.0  25.0  165.3   -50.0   19.0    122.6   141.7   1.12

MA11-163  NSV    NSV   NSV   163.6   -49.6    NSV     NSV     NSV     NSV

MA11-164 304.0  450.0 146.0  162.9   -50.5  111.0    232.9   344.7   0.83

  INCL.  338.0  440.0 102.0                  77.5    258.9   337.0   1.15

MA11-166  NSV    NSV   NSV   162.9   -48.5    NSV     NSV     NSV     NSV 

MA11-167 302.0  424.0 122.0  162.9   -49.5   92.7    231.3   324.8   0.85

  INCL.  311.0  391.0  80.0                  60.8    238.2   299.5   1.15

         442.0  472.0  30.0                  22.8    338.6   361.6   1.83

MA11-168  84.0  110.0  26.0  164.0   -49.2   19.8     64.3    84.3   1.03

  INCL.   84.0   94.8  10.8                   8.2     64.3    72.6   2.08

         131.0  172.0  41.0                  31.2    100.3   131.8   0.96

  INCL.  146.0  172.0  26.0                  19.8    111.8   131.8   1.39

  INCL.  148.0  164.0  16.0                  12.2    113.4   125.6   2.10

MA11-169 141.0  147.0   6.0  169.6   -48.9    4.6    108.0   112.6   1.65 

MA11-170  NSV    NSV    NSV  166.1   -48.9    NSV      NSV     NSV    NSV

MA11-171  61.0   84.0  23.0  164.7   -50.1   17.5     46.7    64.3   0.52

MA11-173 126.0  148.0  22.0  164.2   -49.6   16.7      0.0     0.0   2.42

MA11-176  NSV    NSV    NSV  163.9   -47.4    NSV      NSV     NSV    NSV

MA11-177 228.0  431.0 203.0  166.7   -49.8  154.3    174.6   330.1   1.27

  INCL.  257.0  341.0  84.0                  63.8    196.9   261.2   2.20

-****-

Above, in-fill and resource expansion drilling, main Magino deposit area. NSV = no significant values.

-***-

                                                                   Grade
                                                     From    To      40
                                    Dip     Est.    (Depth (Depth    gpt  
                                   (Angle   True    Below   Below  Capped
Drill   From   To   Length Azimuth below  Thickness Surface Surface (gpt
Hole   metres metres metres(360deg)surface) metres  metres) metres) gold)

MA11-139  30.0   42.0  12.0  160.8  -52.3    9.1      23.0    32.2   0.64

MA11-140 127.0  150.0  23.0  162.4  -49.9   17.5      97.3   114.9   0.77

         276.0  313.0  37.0                 28.1     211.4   239.8   0.54

MA11-160  55.0  182.0 127.0  161.7  -50.6   96.5      42.1   139.4   0.84

MA11-161  71.0  125.0  54.0  162.1  -50.3   41.0      54.4    95.8   0.75

         208.0  253.0  45.0                 34.2     159.3   193.8   1.05

MA11-174 189.0  219.0  30.0  165.7  -47.7   22.8     144.8   167.8   0.55

MA11-178 255.0  278.0  23.0  160.0  -45.6   17.5     195.3   212.9   1.10

  INCL.  387.0  400.0  13.0                  9.9     296.4   306.4   0.96

MA11-182  NSV    NSV    NSV  157.6  -50.2    NSV       NSV     NSV    NSV

-****-

Above, southwest Magino extension resource expansion drilling. NSV = no significant values.

-***-

                                                                   Grade
                                                     From    To      40
                                    Dip     Est.    (Depth (Depth    gpt  
                                   (Angle   True    Below   Below  Capped
Drill   From   To   Length Azimuth below  Thickness Surface Surface (gpt
Hole   metres metres metres(360deg)surface) metres  metres) metres) gold)

MA11-142 158.0 162.0   4.0  163.2   -49.1    3.0     121.0   124.1   0.87
 
MA11-144  92.0 111.0  19.0  164.5   -53.0   14.4      70.5    85.0   0.58
 
         135.4 150.0  14.6                  11.1     103.7   114.9   0.56
 
MA11-155 293.7 301.0   7.3  169.7   -49.7    5.5     225.0   230.6   0.79
 
MA11-159  64.0  75.0  11.0  164.0   -49.6    8.4      49.0    57.5   0.42
 
         209.0 220.0  11.0                   8.4     160.1   168.5   0.90

MA11-162 165.0 194.0  29.0  165.0   -51.6   22.0     126.4   148.6   1.0

MA11-165  74.0  90.0  16.0  168.8   -46.9   12.2      56.7    68.9   0.55

Above, highlights of resource expansion drilling, Lovell Lake area. NSV = no significant values.

Drill hole plan map, Magino Mine Project.

To view the drill hole plan map, click onto the link below or copy and paste into your browser: www.usetdas.com/maps/prodigy/pdgjan24002.jpg

Condemnation drilling totaling 1,777 metres in five drill holes was completed in areas being evaluated for possible waste dumps, tailings impoundments and process facilities. This program will continue in the first half of 2012.

We seek Safe Harbor.