Mexican El Petate Project Acquired by Prospero Silver

Prospero Silver (TSXV:PSL) announced that it has acquired the El Petate project located northwest of the Pachuca-Real del Monte mining district.

As quoted in the press release:

Another feature of note is the existence of two historic mines within the claim boundaries. The El Aguila mine was developed for high grade manganese ore and consists of a zone 5m wide with heavy manganese oxides and calcite in the footwall of a syenite dike. Two grab samples from the El Aguila dump assayed at 345 g/t Ag and 595 g/t Ag with significant base metal readings. The Plomosa mine has a mine dump approximately 2,000 tons in size. Two channel samples from the mine workings indicate the presence of elevated base metals (6.86% Pb, and 0.87% Pb).

Prospero’s President and CEO, Tawn Albinson, said:

We were pleased to be able to identify and stake this project but are surprised that the ground was open given the large size and strong geochemical responses from what is clearly a high level system.

To view the whole press release, click here.