Prospero Provides Drilling Update For El Petate Project Hole 5 Cuts 18.5m @ 0.8g/T Au

http://www.prosperosilver.com/s/NewsReleases.asp?ReportID=806975&_Type=News-Releases&_Title=Prospero-Provides-Drilling-Update-For-El-Petate-Project-Hole-5-Cuts-18.5m-0…

November 8, 2017. Prospero Silver Corp. (TSX.V: PSL; “The Company” or “Prospero”) is providing a preliminary update on the first-stage reconnaissance drilling of its Petate project in Hidalgo state, Mexico. Eight shallow holes have been completed to date primarily to establish structure and to allow for more accurate targeting of deeper mineralized zones. The initial holes are in the Apartadero zone which had the highest gold and silver anomalies at surface hosted in extensive outcrops and float of steep to stratabound jasperoid (see Prospero news release dated June 25th, 2014).

Assay results have been received for 5 holes to date. Drill highlights include:

Hole No. From (m) To (m) Interval (m) Au g/t Ag g/t
PET-17-01 81.9 85.3 3.4 3.5 1.6
PET-17-05 48.6 67.1 18.5 0.8 5.0

NB: The true width of the mineralized intercepts is uncertain.

Tawn Albinson, the President of Prospero Silver commented: “We were very pleased to encounter gold grades in some of the early shallow reconnaissance holes. The drill plan developed with Fortuna was designed to get a handle on structural controls on the highest priority targets before deeper drilling. We now see a strong correlation between the presence of black jasperoids after limestone and grade. A few more shallow holes will be required over the next two weeks to get a decent picture of the strike and dip of what we think are the controlling structures.”

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