Prospero Stakes Epithermal Vein System in Hidalgo State
TSX VENTURE: PSL
Prospero Silver Corp. (TSX.V: PSL) ("the Company" or "Prospero") is pleased to announce that it has staked a high level epithermal vein system 85 kilometers northwest of Pachuca, Hidalgo State, Mexico; the closest town is Zimapan. Known as La Florida, the property covers 4,690 hectares.
The La Florida vein system is at least 3.5 kilometers long and strikes N70°W, dipping steeply to the SW. The property is located close to excellent infrastructure, and Hidalgo is one of the safest states in the Mexican Republic. The target area occurs within the western boundary of Sierra Madre Oriental where other proximal deposits such as Pachuca-Real del Monte, Zimapan, and La Negra are located.
Tawn Albinson, the President of Prospero said: "La Florida has been on our watch list since 2011. Our staking program there is a reflection of Prospero's renewed commitment to its shareholders to aggressively pursue promising properties and build a first class portfolio of early stage projects for potential joint venture.
"Our sampling at La Florida returned anomalous Au and Ag values locally occurring with pyrite and stibnite. We also see the anomalous epithermal pathfinder elements antimony, arsenic and mercury. Taken together, the results indicate that we're looking at the upper portions of a low-sulfidation type epithermal system, possibly close to a potential mineralized zone at depth. We plan to carry out more detailed field work at the property to outline the size of the hydrothermal system, and to define the best drill targets."
Prospero carried out basic reconnaissance work including chip and grab sampling and alteration mapping. Twenty two samples have been collected to date over 2 short programs in 2011 and 2016. Gold and silver are anomalous with 36% of the samples returning between 0.11 to 0.52 ppm Au, and 1.4 to 11.1 ppm Ag. A suite of high level epithermal pathfinder elements are consistently anomalous in the samples, such as As (up to 525 ppm), Hg (1-6 ppm), Sb (up to 6,860 ppm), and Ba (up to 2260 ppm). Weak anomalies are also present in Cu (up to 203 ppm) and Mo (up to 111 ppm). Most of the silicification noted is cryptocrystalline in nature, hosting abundant iron oxides and some preserved pyrite and stibnite. Silicification and argillization are related to structures with strong displacement which uplift Cretaceous sediments in the footwall and down drop Tertiary volcanics in the hanging wall.
An additional structure at least 1 kilometer in length was identified 3km further north of the principal structure. Two rock-chip samples obtained at this location contain 0.60 to 0.61 ppm gold, 2 ppm Ag, 1,595 to 1,945 ppm As, and 1.7 to 2.1 ppm Hg.
Tawn Albinson, M.Sc., President of the Company, is a Qualified Person, as defined in NI 43-101, and is responsible for the technical content of this news release. Mr. Albinson is a Member of the American Institute of Professional Geologists and a Certified Professional Geologist (CPG) No. 11368.
About Prospero Silver Corp.
Prospero is a Mexico-focused project generator listed on the TSX.V under the symbol PSL.V. Prospero's aim is to discover world-class precious metal projects in the major mineral belts of Mexico. The Company applies a unique blend of practical exploration experience, cutting-edge mineral deposit science, and an extensive knowledge of Mexico´s geology to find new gold and silver systems. Our exploration programs are run by a small but highly-focused geological team based in Mexico.
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