Business
Prospero to Drill El Petate Project with Fortuna Silver
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2017) - Prospero Silver Corp (TSXV: ...
About this update from Fortuna Mining Corp.
[{"type":"text","content":"Prospero to Drill El Petate Project with Fortuna SilverVancouver, British Columbia--(Newsfile Corp. - August 24, 2017) - Prospero Silver Corp (TSXV: PSL) (the \"Company\" or \"Prospero\") is pleased to provide an update on its on-going 5 month 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc. (\"Fortuna\"). The drill program is designed to carry out first-pass drilling of a number of Prospero's early stage projects in the world class Mexican Altiplano mineral belt.Drilling is anticipated to begin at the 6,868 hectare El Petate project in Hidalgo State in September, pending receipt of final permits. El Petate is located 30km northwest of the historic Pachuca-Real del Monte mining district, on the western side of the Sierra Madre Oriental fold belt, within a northwest 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. Surface access has already been secured from the land owners. High-level epithermal alteration is exposed over a 5x4 km area with highly anomalous gold and silver hosted in extensive outcrops and float of steep to strata-bound jasperoid. The significant size of the silicified zones indicates that Petate is a robust mineralized system with additional potential to host a high-temperature carbonate-replacement type deposit at depth.Prospero's exploration work at Petate has highlighted potential for sediment (carbonate) hosted gold and for blind carbonate-replacement bodies of manto and/or chimney type, containing Ag, Pb, Zn and ± Au similar to the Zimapan or Santa Eulalia polymetallic systems. Surface sampling by Prospero at the Apartadero target at Petate returned a best continuous channel sample of 67.5m @ 0.93 g/t Au.The number of holes to be drilled, and the collar locations is currently being discussed with Fortuna with a total meterage anticipated of up to 2,800m. A drill collar plan will be posted on Prospero's website as soon it's available. Additional information on historic exploration results from Petate is available on Prospero's website here:http://www.prosperosilver.com/s/ElPetate.asp and here: http://www.prosperosilver.com/i/pdf/Petate.pdf Matorral DrillingDrilling has finished for the time being at the Mato...