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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 0.0
PSL On Other Exchanges
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Frankfurt
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As of 2:26 PM 04/16/15 All times are local (Market data is delayed by at least 15 minutes).

prospero silver corp (PSL) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
05/26/14 - C$0.05
52 Week Low
12/15/14 - C$0.01
Market Cap
1.4M
Average Volume 10 Days
6.4K
EPS TTM
--
Shares Outstanding
45.9M
EX-Date
--
P/E TM
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Dividend
--
Dividend Yield
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Current Stock Chart for PROSPERO SILVER CORP (PSL)

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prospero silver corp (PSL) Details

Prospero Silver Corp., through subsidiary Minera Fumarola, S.A. de C.V., acquires, evaluates, and explores mineral properties in Mexico. It primarily explores for gold, silver, copper, zinc, and lead deposits. The company has interests in the El Petate property that covers an area of 6,000 hectares and is located along the western margin of Sierra Madre Oriental fold belt; the Campana property in north-central Durango, located to the west of Torreon, Coahuila; and the San Luis del Cordero project, which covers an area of 6,768.7884 hectares and is located to the NNE of Durango City. It has interests in the Baborigame Project that covers an area of 8,736 hectares and is located to the SW of Chihuahua; and the Santa Maria del Oro property, which covers an area of 33,800 hectares and is located in Durango State. The company was founded in 2008 and is based in Vancouver, Canada.

Founded in 2008

prospero silver corp (PSL) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$21.4K
Chief Financial Officer and Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

prospero silver corp (PSL) Key Developments

Prospero Silver Corp. and CIC Resources Inc. Sign Definitive Agreement to Joint Venture the El Petate Project

Prospero Silver Corp. announced that it has signed a binding agreement dated April 2, 2015 with CIC Resources Inc, pursuant to which Prospero granted CIC an option on the El Petate property in Hidalgo State, Mexico. Under the terms of the Agreement, CIC has the option to earn a 56% interest within 4 years by incurring total property expenditures of $4.0 million, including a minimum of 3,500 meters of drilling, making total cash payments of $1.1 million and issuing 2.0 million "Resulting Issuer" shares. Once the initial 56% interest is earned, CIC has a onetime option to earn an additional 19% interest (to a total of 75%) in the El Petate project over a two year period by incurring further property expenditures of $4.4 million; making cash payments of $1.1 million and issuing 1.5 million Resulting Issuer shares. The Agreement also provides that upon CIC earning its interest in the property the parties will enter into a joint venture agreement to further explore and develop the property. The joint venture will, among other terms, include provisions for the dilution of a joint venture partner's participating interest if such partner does not fund its portion of a program.

Prospero Silver Corp. Provides Operating Update on Mine Sampling in the Canal Target Zone

Prospero Silver Corp. reported on sampling of old underground workings in the zinc rich "Canal Zone". This southern leg of the Skarn Rim Zone of the San Luis Cordero project in Durango, has potential to host similar mineralization. The Canal Zone is located along the SE border of the intrusive complex. The old mine winze (5 meters deep) is located 100 meters NE of drill hole PSLC-11-17 and mapping clarifies the strike and dip initially intersected by drill hole PSLC-11-17 which intersected 4.29 meters (true width) of 96 g/t Ag, 0.38% Cu, and 11.9% Zn in sulfide mineralization. The old Canal Mine exposes feldspar porphyry and quartz porphyry intrusive phases along a contact oriented ENE. The feldspar porphyry in the near surface mine is highly altered and mineralized with oxides, which carry elevated values of silver-copper-zinc. The quartz porphyry is barren. One of the underground samples is highly anomalous in silver (2,000 g/t) and copper (5.66%); and Excluding this sample brings the average grade of the samples obtained within the feldspar porphyry to 133 g/t Ag, 1.92% Cu, and 5.68% Zn. The intersection of drill hole PSLC-11-17 also occurs at the contact of a feldspar porphyry in the HW and a quartz porphyry in the FW and correlates with the geology in the Canal mine, indicating the control for the mineralization is the southeastern contact of the quartz porphyry dike mapped on the surface. The grade of the drill hole and of the mine are also similar, in that they both contain highly elevated zinc values with significant silver and copper values. The NW side of the quartz porphyry dike exhibits some outcropping gossans, which were initially the target for holes PSLC-11-17 and PSL-11-19. Surface sampling of the gossans indicate the presence of anomalous silver-copper-zinc values. However the mineralization along the NW side of the dike does not appear to persist at depth in the drill holes. Mapping and sampling of the Canal Mine shows that the sulfide mineralization of drill hole PSLC-11-17, and the mineralization in the mine shows a NE to ENE strike which can be drilled with relatively short holes from the southwest. The Canal Target is practically a blind mineralized zone, in that only a small mineralized outcrop occurred at the mouth of a 5 meter winze that connects with the Canal mine level. The soft character of the mineralized feldspar porphyry in the mine explains a lack of outcrop for the mineralization above the mine. Given the lack of development of calc-silicates (skarn) in the Canal mineralization it is best described as a carbonate replacement deposit. It may be more closely associated with skarn development at depth in that some skarn is present near the bottom of holes PSLC-11-17 and PSLC-11-19. The Canal zone represents an additional tangible target with better defined geometry, and potential to expand the resource base at the San Luis del Cordero project.

Prospero Silver Corp. Announces Initial NI-43-101 Compliant Resource Estimate for the Santa Rosa Vein and the Santa Rosa East Skarn

Prospero Silver Corp. announced the initial NI-43-101 compliant resource estimate for the Santa Rosa vein and the Santa Rosa East skarn of its San Luis del Cordero property located in central Durango, Mexico. A total of 6,127 meters of diamond drill holes were incorporated into a database to calculate a resource along a 1,200 meter E-W segment of the Skarn Rim Zone. The Sta. Rosa vein intersections vary in width from 2.10 meters to 2.62 meters and have an average true width of 1.99 meters with well-defined walls. The Sta. Rosa East skarn intersections vary in width from 2.19 meters to 30.59 meters with an average true width of 9.0 meters, with grade rather than structure generally defining the limits of mineralization. 3D modeling of the Sta. Rosa vein indicates the vein may be steeper than anticipated and that historic holes SL-00-2 and SL-00-3 were shut down before reaching the vein, suggesting the vein may continue at depth under hole SL-00-1. Additionally, holes SL-00-1, SL-00-2 and SL-00-3 intersected several mineralized skarn lenses up to 140 meters in the HW of the Sta. Rosa vein. These lenses may represent the upper parts of another mineralized skarn at greater depth and require deeper drilling to test this possibility. The Sta. Rosa vein is open to the west and appears to be related to the shallow intersection of drill hole SSLC-13-24 (11.08 to 12.10 meters, 1.02 meters with 115 g/t silver, 0.14% copper, 0.98% zinc), located 450 meters further west, if the vein changes to a more westerly strike along its western extension. The intersection of SSLC-13-24 is slightly below the contact with the Aurora limestones, in a position where the Sta. Rosa ore shoot is known to be lower grade. The Sta. Rosa East skarn is open both to the east and at depth. There are insufficient holes at depth (PSLC-11-18, PSLC-11-12, SSLC-14-32 and SSLC-13-22) to establish clearly the degree of continuity of mineralization along its extension at depth. There is a 500 meter gap between holes PSLC-11-18 and SSLC-14-32 where a feeder zone could be present which requires additional drilling. A hanging wall skarn zone located at the eastern end of the main skarn zone has been traced by drill holes. This structure remains open along strike and down dip and requires additional drilling to confirm continuity and to define its extent. The initial focus has been on the 1,200 meter stretch between the Santa Rosa vein and the Sta. Rosa East skarn. Further attention and drilling will focus along the 2,500 meter long NE striking eastern shoulder of the intrusive complex. This includes, at the northeast end, the La Puerta skarn, which outcrops as a continuous 800 meter length and remains unexplored. Hole SSLC-13-30 was stopped before reaching the La Puerta skarn indicating it is steeper than anticipated, and will require drilling pads closer to the outcrop to explore the skarn at depth.To the southwest, hole PSLC-17 was drilled in the Canal Target zone, had an intersection which showed elevated zinc values (4.14 meters with 96 g/t silver, 0.38% copper and 11.9% zinc), and is open in all directions.

 

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