Proactive Investors - Run By Investors For Investors

Prospero Silver uncovers new gold and silver vein system at Pachuca Southeast project, Mexico

Third of three projects drilled with Fortuna Silver yields some very interesting results
Prospero Silver uncovers new gold and silver vein system at Pachuca Southeast project, Mexico
Prospero's project generation strategy focuses on precious metals

Prospero Silver Corp (CVE:PSL) has uncovered a new gold-and-silver-bearing vein system at the Pachuca Southeast project in Mexico.

Pachuca Southeast is the third of three early-stage "proof of concept" projects financed by Fortuna Silver Mines and involved the drilling of three holes with a combined depth of 1,800m. 

"Although the current drill program is limited to 3 holes, we've cut new vein systems within 25km of one of the world's great silver-gold districts, the Pachuca-Real Del Monte system, which produced over 1.2-billion ounces of silver," said Tawn Albinson, the president of Prospero.

Highlight intercepts..

Among the highlight intercepts was  0.5 m (meters) of 1.04 ppm (parts per million) gold (Au) and 193 ppm silver (Ag) in one hole - PSE-18-02.

In another hole -PSE-18-01 - an 0.8m zone returned 16.9 ppm silver, and from 210.75m a 1.05 m interval returned 23.8 ppm silver.

Albinson added: "We have at least six to seven km of linear, structurally controlled alteration at surface on our concession, so hitting multi-ounce and multigram silver and gold grades with the first two holes is exciting.

"The intercepts, which include 1.35 metre at 227 Ag between 147.4 m and 148.8 m in hole 1, demonstrate that the negligible Ag and Au anomalies we noted in the surface alteration are related to a potentially significant epithermal vein system at depth.

"For example, the main vein structure in hole 2 is over 12 m thick down hole; probably eight m to 10 m true thickness, carries 0.39 parts per million Au and 33 ppm Ag, and the third intercept, which is 0.75 m in width, carries 6.4 ppm Au and 75 ppm Ag."

Good infrastructure..

The 7,256 hectare Pachuca SE concession lies 24 km southeast of the city of Pachuca, Hidalgo.

Major power lines and the Pachuca-Tulancingo freeway cross the middle of the property, while it is on strike from the Pachuca-Real del Monte epithermal vein camp, one of the world's largest epithermal precious metal deposits.

Shares were unchanged at C$0.14 each.

View full PSL profile View Profile

Prospero Silver Corp Timeline

Related Articles

September 12 2018
Its Guanajuato and Topia mines in Mexico both have long-established track records of production

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use