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Prospero Silver Corp.
Summary
| Project: | Buenavista | |
|---|---|---|
| Deposit: | Buenavista | |
| Location: | Mexico | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 9/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-9-2018: Prospero Silver Corp. announces an Exploration/Drilling Update report for its Buenavista deposit at the Buenavista project. Drilling results incl. 48.95m @ 43ppm Ag, 0.13ppm Au from 198.80m. Vancouver, British Columbia--(Newsfile Corp. - Septem | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tawn Albinson (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 10, 2018) - Prospero Silver Corp. (TSXV: PSL) ("The Company" or "Prospero") is pleased to provide results for drilling of its Buenavista project in northwest Durango State, Mexico. Eleven holes, totaling 2,811m of core drilling, were completed. The drilling at Buenavista was the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, Inc. ("Fortuna") made in May 2018, as per the revised agreement and warrant exercise announced on May 7, 2018. Buenavista is a precious metal-bearing, structurally-controlled epithermal vein system centered on a rhyolite dome complex in in NW Durango, 270km northwest of Durango City. Fresnillo's recently commissioned San Julian Mine lies 20 Km to the northwest. Alteration at surface is high-level argillic suggestive of the presence of an epithermal deposit at depth, possibly hosted in Lower Volcanic Series andesites. All holes cut anomalous silver mineralization, with a best interval of 1.6m @ 353g/t Ag from 185.6m downhole, within a broader interval of 49m @ 43g/t Ag in hole BVF-18-05. The Company has finished the current round of drilling at Buenavista and is assessing the most recent drill results together with Fortuna. The rig has been moved to the nearby Bermudez project which is permitted and ready to drill and will be the fifth and final project to be drilled under the terms of a strategic investment by Fortuna. Bermudez is a low sulphidation epithermal system with multiple kilometers of exposed veining at surface. An initial program of 3 holes for a total of 1,500m of core drilling is planned. Prospero's website). The deeper portion of the holes intersected rhyodacitic tuff. Hole 18-02 reached an andesitic agglomerate in its lower portion. | |
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