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Prophecy Development updates resource estimate for Pulacayo project

Prophecy Development Corp. said Nov. 22 that it completed an updated resource estimate for the Pulacayo and Paca silver-lead-zinc deposits within the company's Pulacayo project in Bolivia.

The Pulacayo deposit hosts indicated resources of 30.4 million ounces of silver, 100 million pounds of lead and 146.3 million pounds of zinc within 2.1 million tonnes at 455 g/t of silver, 2.18% lead and 3.19% zinc.

Inferred resources, meanwhile, total 6.3 million ounces of silver, 22.0 million pounds of lead and 41.6 million pounds of zinc within 480,000 tonnes at 406 g/t of silver, 2.08% lead and 3.93% zinc.

The estimate, which uses a cutoff of 400 g/t of silver equivalent, was based on the results of 69,739 meters of drilling completed between 2006 and 2012.

Meanwhile, the Paca deposit contains 20.9 million ounces of silver, 57.7 million pounds of lead and 61.6 million pounds of zinc within 2.5 million tonnes at 256 g/t of silver, 1.03% lead and 1.10% zinc.

The Paca resource was reported at a silver equivalent cutoff of 200 g/t and was based on the results of 18,160 meters of drilling completed between 2002 and 2007.