Prospero Silver Begins Drilling at Matorral Project, Durango, Mexico
TSX VENTURE: PSL
VANCOUVER, B.C., June 22, 2017 (GLOBE NEWSWIRE) -- Prospero Silver Corp (TSX-V:PSL.V) (the “Company” or “Prospero”) is pleased to announce that drilling has started at the Matorral project in in the Santa Maria del Oro camp, Durango State, Mexico.
The drilling is part of a planned 6,900m program to test 3 of Prospero’s projects under the terms of the recent strategic investment from Fortuna Silver Mines Inc. (NYSE:FSM) (TSX:FVI). Prospero is planning to drill four holes at Matorral project, followed by eight holes at its Petate project, and then by eight holes at Pachuca SE (see Prospero news release dated May 30, 2017). This drilling program is under the terms of Prospero's strategic agreement with Fortuna Silver Mines. Drill collar maps for Matorral will be available shortly on Prospero's website.
The first hole at Matorral is currently at a depth of roughly 150m from a planned final depth of 400-450m. The hole has been laid out to pin the dip of what is believed to be the controlling structure on potential mineralization at depth. The Matorral target, with over 7km of prospective structures, is one of two areas on the 9,066 hectare Santa Maria del Oro claims. Prospero’s sampling has returned silver values from trace up to 460g/t Ag at surface. More detailed geological information on Matorral is available on Prospero’s website at http://www.prosperosilver.com/s/Santa-Maria-del-Oro.asp.
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 Fortuna Silver Mines Inc.
Fortuna is a growth-oriented, precious metals producer focused on mining opportunities in Latin America. The company's primary assets are the Caylloma silver mine in southern Peru, the San Jose silver-gold mine in Mexico and the Lindero gold project in Argentina.
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.