Prospero Silver and Fortuna Silver Mines Commence Drilling at Petate Project, Mexico
TSX VENTURE: PSL
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2017) - Prospero Silver Corp (TSXV: PSL) (the "Company" or "Prospero") is pleased to provide an update on planned drilling of the Petate project in Hidalgo State, Mexico. The drilling is being carried out as part of its on-going 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc. ("Fortuna").
The final permission to drill has now been received from the Hidalgo State branch of the Secretariat de Medio Ambiente y Recursos Naturales ("Semarnat") and a rig is now on site. Drilling was scheduled to start overnight on Sunday, September 17, 2017. Prospero plans to drill 12 holes at Petate testing 4 targets: Apartadero SE, Apartadero Central, Tajo and Petate #3. A drill collar plan will be posted shortly on Prospero's website.
The 6,868 hectare Petate property is the most advanced of Prospero's projects. High-level epithermal alteration is exposed over a 5x4 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 excellent potential to host a replacement type deposit at depth.
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.