Prospero Silver Receives Drill Permits for Bermudez Project
TSX VENTURE: PSL
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2017) - Prospero Silver Corp (TSXV: PSL) (the "Company" or "Prospero") is pleased to provide an update on planned drilling of the 430 hectare Bermudez project in northwest Chihuahua close to the border with Sonora in northern Mexico. The Company is planning to drill test Bermudez as part of its on-going 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc. ("Fortuna").
Prospero has now received all necessary permits to carry out a first-pass drill program at Bermudez. Planning is underway with Fortuna's technical team to drill 2-4 holes most likely in the first quarter of 2018. All of the proposed holes are on previously disturbed land, limiting the environmental impact of the program. Consequently, Prospero has been informed by the authorities that a separate environmental impact permit is not required.
The property is located in the Sierra Madre Occidental, very close to the Hermosillo-Chihuahua highway. Access is from Hermosillo or Chihuahua, about a 7-8 hour drive on paved high way followed by 10km on a good gravel road. The closest town with services is Yecora in Sonora, about 40 minutes (17km) away.
A low sulphidation epithermal vein system is exposed over a 2.5km by 50-100m area, suggesting potential to host an epithermal Au-Ag deposit. Prospero collected 144 channel and chip samples from the epithermal veins, with a best result to date of 1.94g/t Au. The sampling results define strongly anomalous Au, Ag, Ba, and Zn. Veining trends northwest and is hosted primarily by a rhyolite package, interpreted to be a vertical dyke or dome. Fluid inclusion temperatures of 150-200°C indicate that the veining exposed at surface is high level, perhaps 150-200m above the epithermal productive zone.
Additional information on Bermudez is available on Prospero's website here: http://www.prosperosilver.com/s/bermudez.asp
Pachuca SE Project
Permit applications will be submitted in the next few days for the proposed drilling at the Pachuca SE near the City of Pachuca in Hidalgo State.
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.