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Prospero Silver Corp.

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Summary

Project:

Pachuca SE

Deposit:Pachuca SE
Location:Mexico
Commodities:Gold-Silver
Date:3/29/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:29-3-2018: Prospero Silver Corp. announces an Exploration/Drilling Update report for its Pachuca SE deposit at the Pachuca SE project. Drilling results incl. 1.50m @ 0.37g/t Au, 121.3g/t Ag from 407.35m. Vancouver, British Columbia- (Newsfile Corp. - Marc
Resources:x
CP/QP:[Overall Report]: Tawn Albinson (Internal)
ABSTRACT:Vancouver, British Columbia- (Newsfile Corp. - March 29, 2018) - Prospero Silver Corp. (TSXV: PSL) ("Company" or "Prospero") is pleased to announce the results of the third hole of a 3-hole drill program at the Pachuca SE project close to the historic mining city of Pachua in Hidalgo State, Mexico. Prospero announced earlier this month that it had discovered a new gold and silver-bearing epithermal vein system with holes 1 and 2 of the program. Drilling has confirmed the presence of highly anomalous silver values hosted by blind epithermal veining in 3 widely separated zones hosted by 7km of structures on the property. Hole 3 tested the east-west striking Aguayutla structure to the north of holes 1 and 2 and cut multiple zones of anomalous silver values hosted by structures in altered volcanics, including 121.3g/t Ag + 0.37g/t Au over 1.5m from 407.4m downhole. This intercept included a high-grade sample with abundant argentite which assayed 870ppm Ag over 20cm. Drilling of the Pachuca targets continues drilling the third of three initial projects funded by Fortuna Silver in early stage "proof of concept" programs. Under the terms of a strategic investment from Fortuna Silver Mines Inc (NYSE: FSM, TSX: FVI) made in May 2017, phase one funding of $1,500,000 was applied of which 80% was to be allocated to drilling and 20% to new project generation. Prospero was the operator of all three drill projects. At Pachuca SE, an 1,800m drill program tested 3 targets with deep, angled holes.

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