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Project Generation in Mexico Searching for blind deposits in a - - PowerPoint PPT Presentation
Project Generation in Mexico Searching for blind deposits in a - - PowerPoint PPT Presentation
Project Generation in Mexico Searching for blind deposits in a world-class belt Corporate Presentation, January 2017 1 Cautionary Statement This presentation contains certain forward-looking statements concerning anticipated developments in
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Cautionary Statement
This presentation contains certain forward-looking statements concerning anticipated developments in Prospero’s operations in the future. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible,” and similar expressions, or statements that events, conditions or results “will,” “may,” “could,” or “should” occur or be achieved. These forward-looking statements may include statements regarding exploration results and budgets, reserve estimates, mineral resource estimates, work programs, capital expenditures, timelines including timelines for third-party studies and issuance of permits to operate by various government agencies, strategic plans, the market price of metals, costs, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent risks and
- uncertainties. Actual results may differ materially from those currently anticipated in such statements due to a variety of risks, uncertainties
and other factors. Prospero’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Prospero does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations and opinions should change. Cautionary note to U.S. investors: the terms “measured and indicated resource”, “mineral resource”, and “inferred mineral resource” used in this document are Canadian geological and mining terms as defined in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”) under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves. We advise U.S. investors that while such terms are recognized and required under Canadian regulations, the SEC does not recognize these terms. Mineral Resources do not have demonstrated economic
- viability. It cannot be assumed that all or any part of a Mineral Resource will ever be upgraded to Reserves. Under Canadian rules,
estimates of inferred mineral resources may not form the basis of or be included in feasibility or other studies. U.S. investors are cautioned not to assume that any part of an inferred mineral resource exists, or is economically or legally mineable.
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Who Are We?
- A Project Generator focused on finding world-class precious metal projects in Mexico
- A highly experienced technical team applying a unique blend of practical exploration
experience and cutting-edge science
We have..
- A strong portfolio of drill-ready targets, with a pipeline of additional projects
- Low cost programs based on 60+ years of in-country experience
- A ca. $10m market cap’ with 30m shares issued
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Prospero’s Strategy
Use state-of-the-art geological thinking to target blind mineral deposits in Mexico’s world-class Altiplano mineral belt.
“Prospero is identifying targets where the present level of erosion lies above, but relatively close, to the top of epithermal ore
- zones. These represent the largest untapped potential in Mexico´s mineral belts. Mexico´s exploration history has now evolved
and matured to a level that requires the application of modern, multi-disciplinary geologic tools to look for concealed targets.”
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Recent News
September 2016 PSL closed a $1.85M private placement
20c Unit: 1 share + full warrant @ 30c for 3 years
PSL now has $1.8-1.9M cash and is restarting its generative programs & marketing efforts.
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Board of Directors
An experienced board with diverse resource company experience.
7 Shares Issued 30.54 m Options Outstanding 875 k Warrants Outstanding 15.11 m Fully Diluted 46.53 m Cash $1,800,000 52-Week Range $0.05-$0.38 Average daily trading volume 29,400 Management & Board ownership* 17.7%
Share Structure
Current as of November 8, 2016
TSX.V: PSL
PSL.V 12 month chart
*Fully diluted
Distribution of shareholders
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Prospero’s Method
Fluid Inclusion Analysis to determine temperature & chemistry of the fluids and depth of formation
Old fashioned prospecting & mapping with experienced geologists
Quartz textures and petrography to determine mineralizing fluid conditions Alteration clay mineralogy to determine paleo-pH & paleo- temperature in steam heated zone Trace element geochemistry to determine level in the system Structural analysis to identify controls on vein location
EXPLANATION
SMECTITE ILLITE/SMECTITE ILLITE ADULARIA
BASEMENT FELSIC VOLCANICS
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How does all that science help us?
If we identify an alteration system, we can make an educated guess of its size potential, and as to where we are in relation to Au-Ag mineralization. 100m above? 200m above? We can also make assumptions about whether it’s likely to be a Au-Ag system, or base metal rich, for example.
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Active Projects
Project Ownership Comments Matorral
Durango 9,066 hectares
100% PSL Ag-Au. Drill ready. Close to the historic Magistral mine. High-level epithermal target with silicification
- ver strike length of 4km. Assays trace and up to 473 g/t Ag & 0.65 g/t Au.
El Petate
Hidalgo 6,868 hectares
100% PSL Au-Ag. Drill ready. 35km NW of Pachuca. High-level epithermal target with multiple jasperoid reef. CRD and sediment hosted Au potential. Drill program already permitted.
Pachuca SE
Hidalgo 7,256 hectares
100% PSL Ag-Au. Drill ready. 25km east of Pachuca. This project is on strike with the historic Vizcaina vein of the Real del Monte-Pachuca district.
Bermudez
Chihuahua 430 hectares
100% PSL Au-Ag. Drill ready. 2.5 km long system of LS epithermal veins, close to Mulatos & Dolores mines. Probably represents the upper levels of an epithermal vein system.
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Major Metallogenic Trends of Central Mexico & Prospero Projects
Prospero Silver project
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- 9,066 hectares 100% owned by Prospero
- Land package sits either side of Magistral del Oro mines (historic average grade > 15 g/t Au)
- Matorral zone:
– high-level epithermal with large quartz reefs and anomalous Ag-Au & base metal geochemistry. – multiple structures, large size & elevated geochemistry suggest system could be 150- 200m above a mineralized epithermal system – topography ideal for drill testing the system: 4-6 holes needed for initial test
- Western Lineament zone:
– Geophysical lineament (ground mag’) beneath younger cover, which parallels in strike and dip known veins at the Magistral del Oro mine. – More conceptual than Matorral but proximity to historic mine is compelling
Santa Maria Del Oro (Au, Ag)
Matorral & Western Lineament
Durango
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Santa Maria Del Oro
Matorral & Western Lineament targets
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Matorral
Large quartz reefs along structures + anomalous geochemistry
- The Mexican Altiplano contains
multiple large, high grade epithermal deposits with minimal geochemical signature at surface
- Matorral features highly elevated
geochemistry at surface for a high- level epithermal environment
Au ppb Ag ppm Zn ppm Pb ppm Cu ppm Mo ppm Hg ppm As ppm Sb ppm Typical Deposit <200 <2 <200 <100 <50 <10 <100 <1,000 <50 Matorral <500 <178 <4,600 <1,250 <240 <1,100 <100 <4,900 <2,900
Matorral surface geochemistry compared to “average” values for Altiplano high level epithermal systems
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- 6,868 hectare land position 100% owned by Prospero. Two broad zones
defined: Petate East and West.
- High-level quartz reefs & jasperoid over area of 5km x 4.5km
El Petate (Au, Ag, Pb, Zn)
Hidalgo
- Extensive sampling (1196 chip samples) has defined multiple precious metal anomalies
- Apartadero Target (West Zone): 500 meters long with Au from 1.0 to 6.62 g/t associated with
Au-Ag-Hg-Sb-As
- Petate #1, #2 & #3 targets (East Zone): 1.5 km long with Ag from 50 to 140 g/t range, and Au up
to 0.49 g/t associated with Ag-Au-As-Ba-Fe-Mn.
- Petates is a robust system with excellent potential to host a preserved replacement type deposit
and/or a sediment-hosted gold system.
- 27 diamond drill collars already permitted with land-owner permission
16 16 Distribution of jasperoids and associated gold anomalism
Petate Project
Jasperoids Gold in chip samples
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Silicified reef at the Petate project
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Pachuca SE (Ag, Au) Hidalgo
- High-level epithermal alteration in volcanics, 24 km southeast of the massive Pachuca – Real del
Monte vein district.
- Attractive gold and silver geochemistry when compared to the geochemical signatures of the
Vizcaina structure above the Pachuca mine.
- A similar assemblage of clay minerals in the argillic alteration cap of both systems.
- Association with a more felsic volcanic pile than the Pachuca – Real del Monte host rocks.
- Exposed in an erosional window for a length of 5km across the system. 7,256 hectare land package
19 19 Controlling structures at PSE appear to parallel the main controlling fault at the Pachuca mining camp to the north.
Pachuca SE
Structurally controlled clay (illite-smectite- pyrite) alteration in volcanics, exposed in an active clay pit, Pachuca SE project
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Bermudez (Au-Ag) Chihuahua
- Low-sulphidation veining & silicification 2.5 km long by 5-100m
- Classic banded veining and other epithermal quartz textures
- Fluid inclusion petrography implies high-level setting with potential for deeper mineralization
Bermudez
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Bermudez (Au-Ag)
Bermudez: distribution of veining and silicification with reconnaissance chip sampling results
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Massive silica replaced wall rock cut by sheeted banded quartz vein- veins 20-50m wide reefs of massive silica with sheeted quartz vein stockwork and crackle breccia zones
Bermudez (Au-Ag)
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Near Term Objectives / Possible News Flow
- Joint venture the El Petate gold project
- Carry out initial “proof of concept” drill testing of one or more projects:
– Priority 1. Matorral. – Priority 2. Bermudez.
- Advance other PSL projects to JV-ready status
- Evaluate new projects for staking / acquisition
- Ramp up marketing effort – increase market awareness of PSL.V, improve stock liquidity &
company valuation, broaden shareholder base
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Key Take-Aways
- Prospero is a Project Generator focused on finding world-class precious metal
projects in Mexico
- The technical team is highly experienced and has a record of generating multiple
new projects every year
- The Company has 4 key projects with a pipeline of 4 additional projects
- Two other projects already identified for acquisition / staking
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Management
Tawn Albinson, M.Sc. (Economic Geology) President
- Over 25 years experience in exploration and mine development, all in Mexico.
- Holds a BA of Science in Geology and a Masters of Science in Economic Geology.
- Exploration Manager for Industrias Luismin and Grupo Catorce from 1983 to 1991
- Ran a private exploration company in Mexico and signed multiple Option Agreements and JVs with Junior and Major Mining Companies, and
formerly ran the Mexican business for Baja Mining Corp.’s Boleo Project William Murray, P. Eng Chairman of the Board
- Over 30 years of international mining experience in engineering and mine development
- Served as director of public companies including Polymet Mining; Baja Mining (former); Aura Minerals and South American Silver (former). Formerly
Executive Chairman of PolyMet Mining Corp.
- Previous senior management positions at Denison Mines, Anglo American Corporation
and Fluor Daniel Martin Soto VP Exploration
- Geological engineer with over 20 years exploration experience in Mexico and Central America
- Recently supervised the in-fill drilling program at Baja Mining’s Boleo project
- Responsible for placing the discovery hole at the Platosa mine in Durango of Excelon Resources
- Focused on generative exploration in Mexico for Prospero Silver Corp
Lino Larraga Senior Geologist
- Over 25 years experience as mining and exploration geologist
- Supervised drill campaigns for Newmont, Goldfields, Kennecott, Asarco, Apex Silver, and Normabec Mining
- Responsible for discovering new veins for Normabec Mining on their primary project in 2007 in the Real de Catorce District in Mexico
Ralph Rushton M.Sc. VP Corporate Development
- Geologist with over 18 years exploration and mining experience in Africa and the Middle East, + 13 years IR / communications for junior mining companies
- Certificate in Business Communications from Simon Fraser University
- Between 2003-2016 managed marketing, IR and communications for Radius Gold, Focus Ventures, Medgold Resources
- On the Board of Directors of 3 Venture exchange resource companies
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Contact Us
Prospero Silver Corp. 1800-510 West Georgia St. Vancouver,
- BC. V6B 0M3