Video News/Investment Trends

Prospector Metals (TSXV: PPP; OTCQB: PMCOF) is expanding exploration at its ML project near Dawson City, Yukon, following a 2025 discovery and a strengthened balance sheet ahead of the 2026 field season. Speaking with Kitco Mining at PDAC 2026, President & CEO Rob Carpenter said the company plans to increase drilling from about 6,000 meters completed in 2025 to more than 25,000 meters in 2026. The discovery campaign included a high-grade intercept at the TESS zone, where drilling returned 44 meters grading 13.79 g/t gold with copper and silver credits. Carpenter said the objective this year is to expand the discovery while testing the broader district-scale potential of the system. “Our objective is to expand that new discovery from last year, as well as show that the potential for this area to host district scale or multiple deposits,” he said. Carpenter also pointed to a shift in exploration capital toward stable jurisdictions, noting that “Exploration dollars are coming home to Canada.”