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.
