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Prospero Silver inks option deal with Fortuna for Mexico project

The Vancouver-based company said drilling had begun on the 4,200 meter (m) program
A busines handshake in front of colleagues
The two companiis have now signed the deal

Prospero Silver Corp (CVE:PSL) said it, along with Fortuna Silver Mines, had signed the previously announced option agreement meaning the latter can acquire up to a 70% interest in the Pachuca SE project in Mexico.

On Monday this week, the Vancouver-based company said drilling had begun on a six hole, 4,200-meter program to test a number of potential vein targets.

READ: Prospero Silver kicks off phase 2 drilling at Pachuca SE project, 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.

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.

Shares were unchanged in Toronto at $0.06.

Contact Giles at [email protected]

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