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Prospero Silver Corp

Prospero Silver gets TSX venture exchange approval for Fortuna option deal

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

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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.

 

Quick facts: Prospero Silver Corp

Price: $0.09

Market: TSX-V
Market Cap: $4.89 m
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