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Prospero Silver starts the drillbit turning at its most advanced project

Last updated: 03:35 19 Sep 2017 AEST, First published: 22:35 18 Sep 2017 AEST

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Prospero is looking for silver at the Petate property

Prospero Silver Corp (CVE:PSL) has started drilling at the Petate project in Hidalgo state, Mexico after it received the final permission.

A rig is now on site and was due to begin turning  overnight on Sunday, September 17.

Prospero plans to drill 12 holes at Petate to test four targets - Apartadero SE, Apartadero Central, Tajo and Petate No. 3

It is being carried out as part of its continuing 6,950m reconnaissance drill campaign financed by strategic partner Fortuna Silver Mines Inc.

The 6,868 hectare El Petate project lies 30km north-west of the historic Pachuca-Real del Monte mining district, on the western side of the Sierra Madre Oriental fold belt, within a north-west trend of historic deposits including Zimapan (Hidalgo) and La Negra (Queretaro).

The Petate property is the most advanced of Prospero's projects, with drill permits about to be granted for 29 drill sites.

High-level epithermal alteration is exposed over a 5km by 4km area with highly anomalous gold and silver hosted in extensive outcrops.

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.

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on 30/3/18