Prosperity Resources Ltd

Published : May 14th, 2007

Drilling Commences at Mt Gibson

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Media Release

14 May 2007


DRILLING COMMENCES AT MT GIBSON

Prosperity Resources Limited (ASX: PSP) are pleased to announce that aircore drilling has commenced at Mt Gibson South (PSP 100%). � The programme is to identify the geology of a large aeromagnetic target, thought to be evidence of a remnant 'greenstone' belt in a region where strong structural complexity has been recognised.

Prosperity Resources Ltd's Managing Director, Mr Ric Dawson said� " There hasn't been any historical drilling in the near vicity of this newly identified potential 'greenstone' belt.� Previously the area was considered as granites under a veneer of soil cover but subsequent aeromagnetic surveys have identified magnetic anomalies which appear to indicate a 'greenstone' belt."

To read the complete Media Release on 14 May 2007, please go to the website and download (635kb).

For further information contact:

Ric Dawson (B) +61 8 9322 5872
Managing Director (M) +61 0418 892 128

Prosperity Resources
Level 9, 190 St Georges Terrace Perth, Western Australia 6000
Phone: (+618) 9322 5872 Fax: (+618) 9322 5988 Email: info@prosperity.net.au

TO UNSUBSCRIBE FROM THIS NEWSLETTER CLICK HERE.

Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Prosperity Resources Ltd

CODE : PSP.AX
ISIN : AU000000PSP1
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Prosperity is based in Australia.

Prosperity holds various exploration projects in Australia.

Its main exploration properties are WOOLSHED, PAYNES FIND and YALGOO in Australia.

Prosperity is listed in Australia. Its market capitalisation is AU$ 687 850 as of today (US$ 517 332, € 463 581).

Its stock quote reached its highest recent level on October 01, 2010 at AU$ 0.28, and its lowest recent point on March 24, 2016 at AU$ 0.00.

Prosperity has 687 849 984 shares outstanding.

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