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Prospero Silver Corp

Prospero Silver gets TSX venture exchange approval for Fortuna option deal

To earn the interest, Fortuna must spend US$8 million and complete a preliminary economic assessment, with a minimum spend of $1 million in the first year

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The Pachuca SE project is in Mexico

Prospero Silver Corp (CVE:PSL) has received TSX venture exchange approval of its option agreement with Fortuna Silver Mines Inc, in which the latter can acquire up to a 70% interest in the Pachuca SE project in Mexico.

To earn the interest, Fortuna must spend US$8 million and complete a preliminary economic assessment, with a minimum spend of $1 million in the first year.

WATCH: Prospero Silver Corp begins phase two drilling at Pachuca SE Project in Mexico

The near 7,000-hectare land package is 24 km southeast of the city of Pachuca, Hidalgo along strike from the historic Pachuca-Real del Monte epithermal vein camp.

Prospero shares were unchanged In Toronto at $0.065.

 

Quick facts: Prospero Silver Corp

Price: $0.09

Market: TSX-V
Market Cap: $4.89 m
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Prospero Silver Corp hits 'very high grade' silver at Pachuca project in...

Prospero Silver Corp (CVE: PSL) CEO Ralph Rushton tells Proactive Investors the group has results from the third hole of three at the Pachuca Southeast project in Mexico, which hit silver values. Rushton says all three holes came up with anomalous silver and gold grades, in one instance...

on 30/3/18

2 min read