Prospector Metals Corp. announced prospecting results identified significant Ni-Cu-PGE prospects at the 100% owned Devon Project in Northwestern Ontario. A total of 93 grab samples were collected from outcrop and angular boulders ranging from below detection up to 1.125% Cu, 0.53% Ni, and 3.54 g/t Pd+Pt, and 0.123% Co.

At the Copper Hill Occurrence, angular boulders returned assays of up to 1.125% Cu, 0.4 % Ni, and 2.35 g/t Au+Pd+Pt and 1.015% Cu, 0.298% Ni, and 3.81 g/t Au+Pt. Over a dozen similarly mineralized angular blocks were noted within an area several hundred metres in extent, ranging from 15 cm cobbles up to several angular boulders greater than 1 m in diameter. Most of the boulders were imbedded in reddish matrix-supported glacial till that is up to a few metres maximum thickness and capped by thin organic soil cover, indicating that the boulders were naturally emplaced within the till.

Multiple occurrences along the Pigeon River dykes were identified in outcrop returned assays of up to 0.73 % Cu, 0.53% Ni, 0.114% Co, and 0.22 g/t Au+PD+Pt, 0.64% Cu, 0.437% Ni, and 0.267 g/t Au+PT, and 0.47% Cu, 0.097% Ni, and 0.404 g/t Au+Pg+Pt. Highly encouraging results warrant a regional helicopter borne VTEM survey that will help to isolate the sulphidic dykes at or near surface and those obscured under cover. The Devon Project comprises 12,200 hectares acquired through staking, 50km SW of Thunder Bay Ontario, and is road accessible.

The Devon Project lies on the Archean craton margin, covered by a sulfide-bearing sedimentary basin, a known ideal geotectonic setting for major magmatic sulfide deposits. The region is intruded by numerous mafic-ultramafic intrusives (Crystal Lake Gabbro, Pigeon River and Logan intrusives), mostly dyke-form intrusions, which can contain disseminated to locally massive magmatic Ni-Cu sulfides with PGEs. The dykes are emplaced along normal faults which provide ideal conduits for deep seated fertile mafic magmas to rise quickly through the crust without losing their chalcophile elements or PGEs.

Historical occurrences associated with the dykes and mafic-ultramafic intrusions include 0.4% Cu, 0.17% Ni over 12.19m in drill core collared near Crystal Lake and numerous grab samples anomalous in Cu, Ni, and PGE's. Significant portions of the area remain underexplored despite its favourable setting and ease of access. Most of the historic work in the western portion oof the Devon Project area was focused on vein and breccia hosted silver mineralization.