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Prosperity Goldfields Loses 6% As Announces Spring 2011 Drill Program

Prosperity Goldfields (PPG.V) went down by 6% to nearly 16 cents with more than 1.9 million shares traded on late Wednesday afternoon after announcing plans for its spring 2011 drill program at its 100% controlled Kiyuk gold project located in southern Nunavut.

Between late March and mid-May, a minimum of 1,000 meters of diamond drilling, up to a potential 2,500 meters depending on drill results, will test five gold targets. Permits are expected back by mid-March after which mobilization will commence.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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