| August 24, 2017 – Vancouver, B.C. – Prospero Silver Corp (PSL.V; the “Company” or “Prospero”) is pleased to provide an update on its on-going 5 month 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc. (“Fortuna”). The drill program is designed to carry out first-pass drilling of a number of Prospero’s early stage projects in the world class Mexican Altiplano mineral belt.
Drilling is anticipated to begin at the 6,868 hectare El Petate project in Hidalgo State in September, pending receipt of final permits. El Petate is located 30km northwest of the historic Pachuca-Real del Monte mining district, on the western side of the Sierra Madre Oriental fold belt, within a northwest trend of historic deposits including Zimapan (Hidalgo) and La Negra (Queretaro). The Petate property is the most advanced of Prospero’s projects, with drill permits about to be granted for 29 drill sites. Surface access has already been secured from the land owners. High-level epithermal alteration is exposed over a 5×4 km area with highly anomalous gold and silver hosted in extensive outcrops and float of steep to strata-bound jasperoid. The significant size of the silicified zones indicates that Petate is a robust mineralized system with additional potential to host a high-temperature carbonate-replacement type deposit at depth. |