Sign up USA
Proactive Investors - Run By Investors For Investors

Prospero Silver expands gold-silver vein system at Pachuca Southeast with third hole

Earlier this month, the group said it had uncovered a new gold-and-silver-bearing vein system with the first two holes.
Prospero Silver expands gold-silver vein system at Pachuca Southeast with third hole
The firm said it had uncovered a new gold-and-silver-bearing vein system this month

Prospero Silver Corp (CVE:PSL) posted results from the third hole at the Pachuca Southeast project in Mexico, which hit silver values.

Earlier this month, the group said it had uncovered a new gold-and-silver-bearing vein system at the property with the first two holes.

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

A third tested the east-west striking Aguayutla structure to the north of the first two holes and cut multiple zones of anomalous silver values, Prospero said.

Highlights included 121.3 g/t (grams per ton) silver and 0.37 g/t gold over 1.5m from 407.4m downhole.

This intercept included a high-grade sample with abundant argentite which assayed 870ppm (parts per million) silver over 20cm.

"The limited program we've just finished demonstrates that the Pachua SE property hosts a number of blind epithermal veins with silver and gold mineralization; exactly what we'd hoped to see at the property," said Tawn Albinson, the president of Prospero.

"The discovery validates the science-based strategy we've applied to our exploration for blind epithermal targets; a strategy which we've implemented in the drilling and generative work with Fortuna.

"The next step at Pachuca will be additional drilling program to extend mineralization in the veins."

WATCH - Prospero Silver plans to strike silver with 4 deeper holes in Pachuca

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

The 7,256 hectare concession lies 24km south eastof the city of Pachuca, Hidalgo and infrastructure is excellent, the company says.

The site lies on strike from the Pachuca-Real del Monte epithermal vein camp, one of the world's largest epithermal precious metal deposits and the local geology is typical of a high-level epithermal environment.

Shares in Toronto were unchanged at ten Canadian cents.

View full PSL profile View Profile

Prospero Silver Corp Timeline

Related Articles

September 11 2018
Its Guanajuato and Topia mines in Mexico both have long-established track records of production

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

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