Prospero Silver, Silver Standard Sign Letter of Intent for Option to Joint Venture San Luis Cordero Project
Prospero Silver Corp. (PSL.V) has signed a non-binding Letter of Intent with Silver Standard Resources Inc. (SSO.TO) for an option to joint venture agreement covering Prospero's San Luis del Cordero property in central Durango State, Mexico.
Silver Standard is currently conducting due diligence on the property, and the parties are negotiating the terms of the definitive agreement, which is expected to take approximately one month to complete.
PSL has climbed by 40% to 21 cents, moving closer to year high 35 cents. SSO is also in the green, up 3% to $16.12.
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