VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 24, 2016) –
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Prospero Silver Corp. (TSX VENTURE:PSL) (“Prospero” or “the Company”) is pleased to provide an update on recent exploration work on its Mexican project portfolio. In mid-October, Prospero closed a C$1.85-million private placement (see news release dated October 14, 2016), which is anticipated to fund a 12 month exploration program in established metallogenic trends principally in Mexico’s Altiplano.
In summary, Prospero has restarted work programs on its 100%-owned projects. Management is currently prioritising and ranking the Company’s key projects for joint venture. The Company has also submitted permit applications to drill the Matorral target at Santa Maria del Oro.
Additionally, Prospero’s senior geologists and claims supervisor have identified 5 new early-stage precious metals targets for staking, two of which will shortly be staked and brought into Prospero’s portfolio.