|April 23, 2010|
Campana National Instrument 43-101 Technical Report Targets Large Mineralized Breccia Complex For Phase 1 Drilling
|Prospero Silver Corp. (TSX-V: PSL) ("Prospero" or the "Company") is pleased to announce that it has received and filed an independent National Instrument 43-101 Technical Report (the "Technical Report") in respect of it's Campana Project located in north central Durango state, 70 km west of Torreon from Peter Christopher, PhD, P.Eng. |
The full Technical Report will be posted on SEDAR at www.sedar.com and the Company's website at www.prosperosilver.com.
The Campana project comprises a large cohesive claim position totaling 13,263 hectares. While the project area is covered by alluvium, two outcropping hills have had historic mining. Narrow high grade silver-gold veins were mined from an historic shaft (100 meters deep) located on Tepalcateno Hill. A previous diamond drill program in 2007 encountered multiple intersections of veinlets in both the diatremes and the basement sediments.
The known occurrence outcrops along a small ridge within an alluvium covered valley in a Peñasquito-like (Zacatecas) geological environment. Detailed ground magnetic surveys are in progress and have been used for target definition under alluvium cover in search for the more central (proximal) igneous-associated portion of the system. The zone of stronger alteration/mineralization is associated with magnetic lows. Work to date is centered around a diatreme dike complex 300 meters wide by 600 meters long which is associated with strong argillic alteration (illite-sericite), pyritization. An IP/resistivity survey is being considered to define chargeability anomalies in selected potentially demagnetized target areas. Prospero believes Campana has potential to host bulk-tonnage low-grade precious metal and polymetallic mineralization (Au-Ag-Pb-Zn).
Peter Christopher, PhD, P. Eng is the Qualified Person, in accordance with NI 43-101 of the Canadian Securities Administrators, and is responsible for the technical content of this press release and quality assurance of the exploration data and analytical results.
About Prospero Silver Corp.:
Prospero is a Canadian resource company with the majority of its staff based in Mexico and who work for its wholly owned subsidiary Minera Fumarola, SA de CV (Fumarola). Prospero's objective is to quickly evaluate the properties currently optioned and focus on bringing one into early production. Priority will be given to high grade gold projects.
This news release contains forward-looking statements that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding future exploration plans. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company's inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company's public disclosure record which is available on SEDAR (www.sedar.com), including the risk factors discussed in Prospero's November 27, 2009 prospectus. Although Prospero believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the TSX Venture Exchange, Prospero disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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