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Prospero Silver Corp.
Summary
| Project: | El Petate | |
|---|---|---|
| Deposit: | El -Tajo Zone, Apartadero Zone | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-1-2018: Prospero Silver Corp. announces an Exploration/Drilling Update report for its El -Tajo Zone, Apartadero Zone deposit at the El Petate project. Drilling results incl. 24.9m @ 0.76g/t Au, 22.4g/t Ag from 6.2m. Vancouver, British Columbia- (Newsfi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tawn Albinson (Internal) | |
| ABSTRACT: | Vancouver, British Columbia- (Newsfile Corp. - January 10, 2018) - Prospero Silver Corp. (TSXV: PSL) ("The Company" or "Prospero") is pleased to provide a final update on the first-stage reconnaissance drilling of its Petate project in Hidalgo state, Mexico. Twelve shallow holes were completed primarily to establish structure and to allow for more accurate targeting of deeper mineralized zones. The first 5 holes were reported in November 2017 (see news release dated November 18, 2017). The drilling at Petate is being carried out as part of its reconnaissance drilling campaign of 3 targets financed by strategic partner Fortuna Silver Mines Inc. Tawn Albinson, the President of Prospero Silver commented: "Petate is the second project of three selected for first-pass drilling as agreed with our strategic partner Fortuna Silver. Under our arrangement with Fortuna, when we have completed drilling three projects, they have the right to select one for a joint venture. We are happy with the results at El Petate. In particular, holes 1, 9 and 11 have highlighted interesting grades over intervals of up to 24.9m downhole, although with unknown strike extent, indicating prospective deeper targets for a follow-up program. We are strongly aligned with Fortuna to drill as many of Prospero's projects as possible, hence the plan to mobilise onto the next target, Pachuca SE, as soon as possible — hopefully in January. The Pachuca SE target lies about 20km southeast of the Vizcaina vein, one of the largest silver-rich epithermal veins in the world." | |
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