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Prospero Silver gets TSX venture exchange approval for Fortuna option deal

Last updated: 10:52 12 Feb 2019 EST, First published: 05:34 12 Feb 2019 EST

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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.

 

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

Prospero Silver Corp (CVE:PSL) Executive Vice President of Business Development Ralph Rushton sat down with Proactive Investors Vancouver to tell Steve Darling about phase two of their drilling program on the Pachuca Project in Mexico. Rushton told Proactive about the scope of drilling...

on 4/2/19