Prospero Silver Corp.
TSX VENTURE : PSL

Prospero Silver Corp.

April 04, 2011 17:16 ET

Prospero Initiates Airborne Geophysical Survey on the Campana and San Luis Del Cordero Projects in Durango State, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2011) - Prospero Silver Corp. (TSX VENTURE:PSL) ("Prospero" or the "Company") announces that it has engaged contractor, Geotech Ltd., to conduct a ZTEM and magnetic helicopter airborne geophysical survey. This will cover both the Campana and San Luis del Cordero projects in central Durango State. The survey consists of a total of 1048 line-km covering 192 km2 which includes the ~ 9 Km alluvium covered valley in between both projects. 

The ZTEM (z-Axis Tipper Electromagnetic System) and magnetic surveys provide relatively deep imaging technology, which can map structure, bedrock geology and alteration from surface up to 1500 meters exploration depth. The objective of the survey is to provide new targets under alluvium or volcanic post-mineral cover, which can be followed up with ground IP and or/soil geochemistry.

The Company has drilling information from both Cordero and Campana projects which will provide "ground truthing" for the area wide geophysics program. The planned program combines airborne and ground geophysics (Induced Polarisation Survey), and soil geochemistry, and is expected to provide better target definition to carry out a more effective drilling campaign to search for additional diatreme-hosted or skarn-hosted mineralized zones.

Tawn Albinson, M.Sc., the President of the Company, is a Qualified Person, as defined in NI 43-101, and is responsible for the technical content of this press release.

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 while seeking to expand the mineral potential to its maximum. 

Forward-Looking Statement Cautions:

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to the closing of a non-brokered Private Placement. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur, or are those statements, which, by their nature, refer to future events. 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 reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com, including the risk factors discussed in Prospero's November 27, 2009 prospectus. 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.

Contact Information

  • Prospero Silver Corp.
    Warwick Smith
    Director
    604-484-4954