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Tuesday, 03/27/2012 12:21:04 PM

Tuesday, March 27, 2012 12:21:04 PM

Post# of 21
PPG.V - the company SSH.V is merging with just came out with news!

Prosperity Goldfields Commences Spring Drill Program at Kiyuk Lake Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2012) - Prosperity Goldfields Corp. (TSX VENTURE:PPG) ("Prosperity Goldfields" or the "Company") is pleased to provide an update on its 100% controlled Kiyuk Gold Project in Nunavut.

Spring Drilling Program

On March 21st, 2012, Prosperity Goldfields commenced a Spring 2012 program of diamond core drilling at the Kiyuk Lake Project. The drill is currently positioned over the "Rusty" showing targeting the down-dip extension of gold mineralization previously identified during the Company's Summer 2011 drill program where hole RU11-001 returned an average gold grade of 1.7 g/t Au from the collar to the end of the hole at 157.6m, including 3.27 g/t Au over 52.4m starting at the surface (see news release dated September 15th, 2011).

A total of 3,000 metres is planned for the Spring Program scheduled to be completed in May 2012. The objectives of this Spring Program are to follow-up on encouraging results from the Summer 2011 drill program that included the following from the Rusty, Gold Point and Cobalt showings:

read more here:

http://tmx.quotemedia.com/article.php?newsid=49759284&qm_symbol=PPG

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