Prospect Resources (ASX:PSC) has confirmed significant by-product gold mineralisation at its Nyungu Central deposit, part of the Mumbezhi Copper Project in north-west Zambia.
Re-assaying of 32 existing drill holes has returned highly anomalous gold in 26 holes, primarily from transitional and fresh copper mineralised zones, with notable intersections including 30m @ 0.21g/t Au from 187m and 4.4m @ 0.60g/t Au from 83.6m.
The remaining four drill holes are expected to report results in late January.
Prospect's Managing Director, Sam Hosack, highlighted that the discovery of this widespread gold enhances the project's multi-commodity potential and could materially upgrade Mumbezhi’s economics amid current gold prices exceeding US$4,400/oz.
All new gold assay data will feed into an updated mineral resource estimate for Nyungu Central, complementing the existing copper resource, with the revised MRE for both Nyungu Central and Kabikupa deposits on track for release in late Q1 2026.