Prospector Metals Corp. has intersected 7.30 g/t gold, 22.26 g/t silver, and 0.89% copper over 5.15 metres from 101.30 metres downhole at the TESS Zone within the ML Project in the Yukon, including a higher-grade interval of 25.6 g/t gold, 75.9 g/t silver, and 2.88% copper over 1.3 metres.

The results come from hole ML26-043, which encountered mineralization within a broader envelope returning 2.73 g/t gold, 6.92 g/t silver, and 0.28% copper over 18.06 metres from 101 metres downhole. Hole ML26-041 intersected 26.60 metres grading 1.47 g/t gold, 3.53 g/t silver, and 0.18% copper from 135.31 metres depth. A third hole, ML26-040, returned anomalous values.

Prospector has completed 68 drill holes totaling 13,074 metres at the ML Project during the 2026 field season, up from 15 holes totaling 3,203 metres reported in June. The campaign is part of a fully funded 25,000-metre program with a $16 million budget.

Drilling has traced the TESS Zone over at least 200 metres along trend and to a depth of 150 metres. The structure remains open in both directions and at depth.

Slow laboratory turnaround times have left results pending for 41 of the 44 holes drilled at TESS and wider property targets, including Skarn Ridge, ML North, NIT, and Pebble.

“Our drill program at ML remains on schedule and on budget and we anticipate being able to complete an additional 10,000m of drilling before the end of the season. Laboratory delays have hampered timely release of our assay results; however, we have successfully traced the TESS gold zone over at least 200m along trend.”

— Rob Carpenter, President, CEO and Co-Chairman

Prospector plans to complete an additional 8,000 to 10,000 metres of drilling across the TESS-North Vein, NIT, Rubble North, Vary, Skarn Ridge, and Lorrie target areas during the 2026 season once further assay data becomes available.

Read the full announcement: Prospector Drills 7.3 g/t Au, 22.26 g/t Ag, & 0.9% Cu over 5.15m Including 1.3m @ 25.6 g/t Au from 101.30m Within an Envelope of 2.73 g/t Au, 6.92 g/t Ag, & 0.28% Cu over 18.06m