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Prophecy Development Corp (TSX: PCY, OTC: PRPCF) has 2 near-term producing (vanadium, silver) and 1 producing (coal) mining projects.

Prophecy’s Pulacayo silver project features top-tier diamond drill intercept of 1,030 g/t Ag over 25 meters, a starter resource 31 million indicated oz at 455g/t, 21 million oz inferred*. Only 30% of the known mineralization drilled. Pulacayo is near New Pacific’s Major Discovery, Selling for a fraction of NUAG’s valuation.

Prophecy specializes in mine permitting, construction, and operations.

The company is managed by mine builders with combined over 100 years of industry experience. Prophecy has no bank debt and approximately 109 million shares outstanding.
Generational Discovery Next to World’s Third Largest Silver Mine

New Look At Old Open Pit Silver Mine Yields Potentially High World Ranking.

Resource is Already Approaching 100 million oz Ag with Barely 30% of the Structure Drilled. Deposit is Open at Strike and at Depth

Financed by Eric Sprott, Drills are Turning at this Bonanza Silver Discovery with Results that have Caught Investors Completely Off Guard

Prophecy’s (PCY.TO; PRPCF.OTCQX) Pulacayo Discovery Could Soon Produce the Biggest Winner in this Silver Bull Market

October 2, 2019
Dear Subscribers,

I just got off the phone with Prophecy management (after first sitting through the latest Prophecy presentation on its Pulacayo silver project) and am immediately at my desk to provide this update.

It’s an old story. Pulacayo is a high grade historic silver underground mine in Bolivia at which Apogee Silver Ltd spent over $28 million drilling from 2005 to 2012 before Pulacayo was sold to Prophecy in 2015 when silver hit the bottom. Apogee has since changed its name to focus on Cannabis business.

An Open-pit Angle at an Underground Story

Apogee had taken on the Pulacayo legacy with a plan to resume underground mining. They drilled in a small area (30% of the known strike) near the San Leon tunnel and developed an underground reserve. Unfortunately, they completely missed the big picture: mineralization starts from surface and is continuous to a depth of 1,000 meters. Pulacayo is ripe for bulk tonnage open pit mining, which is an ideal call option on rising silver prices.
Pulacayo mineralization starts from surface (100g/t) with increasing grades (500g/t) at depth.

An Example of Re-Disocvery that Reaped Giant Rewards

If you are searching for an example of a profitable new spin on an old project, look no further than Pulacayo’s neighbor San Cristobal, which is currently the world’s third largest active silver mine.

San Cristobal is 100 km to the southwest of Pulacayo by highway.

The San Cristobal silver-lead-zinc mine contains 533.38M oz of silver reserves (Dec. 2011 est.), making it the third biggest silver mine in the world. It is owned and operated by Minera San Cristobal (MSC), a wholly owned subsidiary of the Sumitomo Corporation of Japan.

San Cristobal is an open-pit mining operation with a 40,000 tpd concentration plant. The mine’s annual output is up to 600,000 t of lead, silver, and zinc concentrates (over 20 million oz silver, 550 million lb zinc, and 180 million lb zinc).

Prophecy Secures Mining Licence to World Class Silver Mine

Vancouver, British Columbia, October 7, 2019 – Prophecy Development Corp. (“Prophecy”or the “Company”)(TSX:PCY, OTCQX: PRPCF, Frankfurt:1P2N)ispleased to announce that the Pulacayo Mining Production Contract (“MPC”) between Prophecy and the Corporación Minera de Bolivia (“COMIBOL”), a branch of the Bolivian Ministry of Mining and Metallurgy, was executed on October 3, 2019.

Prophecy was notified of final government resolution approving the MPC on Sepember 27, 2019. The MPC grants Prophecy the 100% exclusive right to develop and mine at the Pulacayo and Paca concessions for up to 30 years. It is comparable to a mining license in Canada or the United States.

Prophecy's Bolivian subsidiaries have spent $25 million on Pulacayo and Paca, with over 80,000 meters of drilling, a completed historic independent feasibility study, and an approved detailed environment impact assessment (“DEIA”).
Prophecy Announces $4,000,000 Private Placement

Vancouver, British Columbia, October 7, 2019 – Prophecy Development Corp. (“Prophecy”or the “Company”)(TSX:PCY, OTC:PRPCD, Frankfurt:1P2N)announces that it is undertaking a non-brokered private placement (the “Placement”) involving the issuance of 10 million Common Shares of the Company (the “Shares”) at a price of $0.40 per Share to raise aggregate gross proceeds of $4,000,000.

Company management and directors will purchase 400,000 Shares of the Placement.

The Shares will be subject to a minimum hold period of four months plus one day from the date of issue.

Closing of the Placement is expected to occur by October 23, 2019. Finder’s fee in connection with the Placement may be payable in Shares or cash. The Placement and finder’s fees are subject to the approval of the TSX and other customary closing conditions.

Proceeds of the Placement are expected to be used to develop Prophecy’s mineral projects and for general working capital purposes.

About Prophecy

Prophecy is developing Pulacayo silver project in Bolivia and Gibellini vanadium project in Nevada. Further information on Prophecy can be found at


“John Lee”
Executive Chairman

For more information about Prophecy, please contact Investor Relations:
Dear John,
Sometimes an old story made new again is the best story of all.
Such seems to be the case with Prophecy Development’s (PCY.TO; PRPCF.OTCQX) Pulacayo deposit “re-discovery.”

Pulacayo is indeed an old story: a high grade silver mine in Bolivia discovered in 1547, re-discovered for the first time in 1833, and which last ceased production in 1957 after having produced some 600 million ounces of silver.

With that kind of a back story, you can understand why a previous company spent over C$28 million drilling the project from 2005 to 2012. Fortunately for us, that former operator was forced to sell Pulacayo to Prophecy in 2015 when the silver price bottomed out.

While the previous operator was eager to sell the asset, get out of the silver market and move into the cannabis business, Prophecy was looking to the future. And the company saw a potentially world-class silver mine in front of it.

And when you look at the project — its size, grades and potential to grow — it’s easy to see why.
An Open-Pit With Underground Grades?

Prophecy immediately saw a tremendous opportunity that the previous operators had completely overlooked.

You see, the other company had drilled a small area of the known mineralization — only about 30% of the known strike length. Then they focused on going deep, with the idea of developing an underground project, exploiting the higher grades and then going back to drilling the rest of the strike length once they got some money in the bank.

Not a bad plan if you don’t have the money or the market to go big. And it was an understandable approach when you consider that Pulacayo boasted rich grades, as much as 500 g/t, at depth.

Plus, the mineralization went deep — drilling had proven that it extended as deep as 1,000 meters in places.

But here’s where Prophecy, and its entrepreneurial CEO John Lee, brought their vision into play.

You see, while there were indeed very high grades at depth, the Pulacayo target also featured consistent grades of about 100 g/t silver right up to the surface. So instead of focusing on going deep for higher grades, Prophecy immediately saw the potential for a low-cost, open-pit mining scenario.

And when you take that approach, not only do the mining costs fall, but the resource size rises. And in this case, considerably.

As you can see from this cross section, showing only one kilometer of the proven three-kilometer strike length of the target, the greenish-yellow mineralization blocks that denote about 200 g/t grades extend to very shallow depths.

Of course, you can also see the ultimate potential, as the very high grades approaching 500 g/t, noted by the deeper red colors, goes on and on to depth.

Also note the size of the proposed open pit in the following graphic — extending nearly a kilometer in length. We are truly talking elephant country here.

And that fact is proven by another legendary of world’s biggest silver the same region.

Another Example Of Re-Discovery That Reaped Giant Rewards

You don’t have to look far to see another example of how re-imagining an historic project can spin out fortunes.

Just about 100 kilometers to the southwest in the same Potosi district of Bolivia, you’ll find San Cristobal, currently the world’s third largest active silver mine, controlled by Japan’s Sumitomo Corporation.

Still boasting about 450 million ounces in silver reserves, San Cristobal produces over 20 million ounces of silver every year, plus lots of zinc and lead.

But it wasn’t always that big. In the early 1900s, it was a small-scale, high-grade underground operation being exploited by locals. Then, in 1993, mining entrepreneur Tom Kaplan acquired the historic concession and transformed it into an open-pit operation before selling it to Sumitomo.

It’s no exaggeration to say that fortunes were made as this historic project was reimagined and brought back into modern-world production.

This is the very same path that Prophecy and its talented management team are envisioning for the Pulacayo project, perfectly situated in the very heart of the legendary Potosi silver district.

Prophecy’s Pulacayo project is located in the heart of the rich Potosi silver district, nestled amongst world-class silver mines.
Pulacayo: Successor To San Cristobal?

Remember that C$28 million of drilling by the previous operator at Pulacayo? It focused on a strike length of about 1,000 meters by about 300 meters in depth.

The result was an historic resource of about 70 million ounces of silver, at an average grade of 100 g/t silver, 1.5% zince and 0.8% lead. (Note: This is an historic resource calculated by the previous company’s contractors and is not 43-101 compliant. Thus, it should not be relied upon.)

The former operator also discovered a satellite silver deposit just seven kilometers to the north, and it was no small potatoes itself: The “Paca” open-pittable resource boasts 20 million inferred silver ounces at an average grade of 257 g/t silver. (Again, this is a non-compliant historic resource and should not be relied upon.)

Add the two historic resources and you get about 90 million ounces. That’s certainly a great start, and Prophecy is setting to work to not only confirm it to current standards, but also with a goal of expanding it significantly.

Consider that historic records by Hochschild mining demonstrated a three-kilometer strike length for the Pulacayo Tajo vein system, and a depth past 1,000 meters in some spots.

Prophecy completed a C$2.6 million financing in September, and just announced a proposed C$4 million financing to fill its coffers and prepare for a major drill program at Pulacayo.

The plan: wide step-out drilling with a goal of expanding the strike of the project to the extent of the previous production — fully 3,000 meters. Not only that, but the company is planning its drill program to a depth of 600 meters. Taken together and if successful, this could roughly triple the strike length and double the resource depth...obviously multiplying the current resource.
The Opportunity...

Prophecy’s recent financings, all subscribed to by major institutions, have bolstered the treasury and prepared the company for its aggressive exploration plans.

Consider that the historic resource at Pulacayo, as large as it is, covers only one-third of the strike length of the historically producing project. There’s big news ahead if Prophecy’s drilling uncovers only a fraction of the silver they feel is waiting to be confirmed.

Consider that we’re in a confirmed gold bull market. Consider that silver typically leverages the gains in gold. And consider that silver stocks are known to multiply the gains in silver.

Add it all up, and you see that few options, if any, offer the kind of upside potential as junior silver stocks in a gold bull market.

And with Prophecy Development about to put millions of dollars into the ground drilling off a massive, historic silver deposit — there may be no better opportunity than this.
To Learn More About
Prophecy Development’s
Pulacayo Project
or visit

The Pulacayo Mine: A Glittering History

Silver mining at Pulacayo began around AD 1545, during the Spanish colonial period. However, there are no recorded production details from this era, and the first work formally recorded was carried out in 1833. Revenue from the mine funded the first railway line in Bolivia, which connected Pulacayo to the port of Antofagasta, Chile in 1888. In 1891, reported annual silver production reached 5.7 million ounces. Mining operations at Pulacayo at that time were the second largest in Bolivia. Work continued through the intervening years until the mine was closed in 1959 due to a lack of exploration to define new reserves and rising costs.

The total output from the Pulacayo mine during this period, as estimated by the National Geological and Mineral Service of Bolivia (SERGEOTECHMIN), was 678 million ounces of silver, 200,000 tons of zinc, and 200,000 tons of lead. Production at Pulacayo was predominantly derived from Veta Tajo (the Tajo vein system), which had been defined along a strike length of 3 kilometers and to a depth of more than 1,000 meters.
Prophecy Closes $3,900,000 Private Placement with Eric Sprott, Who Now Owns 9%

Vancouver, British Columbia, October 21, 2019 – Prophecy Development Corp. (“Prophecy”or the “Company”)(TSX:PCY, OTCQX: PRPCF, Frankfurt:1P2N)is pleased to report that it has closed the private placement (the “Placement”) previously announced on October 7, 2019. The Placement raised gross cash proceeds of $3,900,000 for Prophecy through the issuance of 9,750,000 common shares (the “Shares”) of Prophecy, at a price of $0.40 per share.

Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 5,000,000 shares under the Placement for a total consideration of $2,000,000. Following the completion of the private placement, Mr. Sprott's holdings represent 9% of the issued and outstanding common shares of the Company, Mr. Sprott beneficially owned 5,900,000 common shares in the Company prior to this investment. Mr. Sprott acquired the shares for investment purposes and with a long-term view of the investment.

Company management and directors purchased 400,000 shares of the Placement for $160,000.

The Company issued 654,500 shares as finder’s fees to Mackie Research Capital Corp.

All Shares are subject to a four-month-and-one-day hold period

The Company has 121,299,508 shares outstanding, after the closing of the Placement.

The Placement proceeds are expected to be used for the Company’s mineral project development and for general working capital purposes.

About Prophecy

Prophecy is developing Pulacayo silver project in Bolivia and Gibellini vanadium project in Nevada. Further information on Prophecy can be found at


“John Lee”
Executive Chairman

For more information about Prophecy, please contact Investor Relations:

+1.604.569.3661 ext. 101
Bull and Bear
Tegen deze prijs en de bereidheid wat risico te nemen is PROPHECY DEVELOPMENT CORP. een opportuniteit die je niet zo vaak tegen komt. Het bedrijf heeft verschillende ijzers in het vuur want buiten de zilvermijn activiteiten in Bolivia ziet ook hun Vanadium tak in Nevada er veelbelovend uit, vooral daar zullen we echter geduld moeten hebben. Ik koop bij, gemiddelde prijs $ 0.43

Bull and Bear schreef op 28 okt 2019 om 12:54:

Tegen deze prijs en de bereidheid wat risico te nemen is PROPHECY DEVELOPMENT CORP. een opportuniteit die je niet zo vaak tegen komt. Het bedrijf heeft verschillende ijzers in het vuur want buiten de zilvermijn activiteiten in Bolivia ziet ook hun Vanadium tak in Nevada er veelbelovend uit, vooral daar zullen we echter geduld moeten hebben. Ik koop bij, gemiddelde prijs $ 0.43

De vanadiumtak zal eerder in productie komen dan de zilvermijn (mits er financiering gevonden wordt).
New MessageProphecy Drills 89 Meters Grading 279 g/t Ag, 1.28% Zn and 1.17% Pb, Including 12 Meters Grading 1,085g/t Ag Starting 16 Meters Downhole at Its Paca Silver Project in Bolivia
Bull and Bear

DeZwarteRidder schreef op 28 okt 2019 om 12:56:

De vanadiumtak zal eerder in productie komen dan de zilvermijn (mits er financiering gevonden wordt).

Zwarte Ridder;
Er zullen alleen financiers instappen als de Vanadium prijzen herstellen. Vanadium is inmiddels zo ver door z'n hoeven gezakt dat er steeds minder overblijft voor de producenten om nog wat te verdienen. Het zal op z'n minst 'on hold' worden gezet. Denk dat ze echt eerder zilver zullen gaan mijnen, ook om een kasstroom op gang te helpen en dan maar hopen dat de zilverprijs zo blijft als het is en nog hoger kan, wat het proces alleen maar zal versnellen. Momenteel alles op zilver zou ik zeggen.
Bull and Bear
Via, een bedreiging voor Vanadium flow batterijen?

Een clean-tech fonds onder leiding van Bill Gates en ondersteund door een reeks collega-miljardairs kruipt achter het Wilsonville-batterijbedrijf ESS Inc.

ESS, maker van een underdog-type batterij die wordt gebruikt voor grootschalige energieopslag, zei maandag dat het $ 30 miljoen heeft opgehaald in een Series C-ronde. De ronde werd geleid door het Breakthrough Energy Fund, gelanceerd door Gates in december 2016, en SB Energy van SoftBank Group.
ESS heeft in december 2017 een ronde van $ 13 miljoen afgerond en heeft nu $ 47 miljoen opgehaald. Begin vorig jaar verhuisde het naar een ruimte van 100.000 vierkante voet in Wilsonville, breidde het personeelsbestand uit en investeerde het in automatiseringsapparatuur.

"Deze investering versterkt de waarde en het groeipotentieel van onze batterij-oplossing met een lange levensduur", aldus Craig Evans, oprichter en CEO van ESS. “Het stelt ons in staat om de productie op te schalen om aan onze orderpijplijn te voldoen, en tegelijkertijd wereldwijde implementatiemogelijkheden te blijven nastreven. We zijn onze investeringspartners dankbaar voor hun vertrouwen in onze oplossing en ondersteuning van onze visie. "

Batterijen die worden gebruikt om stroom in huizen, bedrijven en utiliteitssystemen aan te vullen, zijn de afgelopen jaren van start gegaan, aangedreven door een toenemend gebruik van intermitterende hernieuwbare en gedistribueerde bronnen, een toenemende focus op veerkracht en dalende kosten voor de dominante technologie, lithium-ion.

Dat is in dezelfde familie als de batterijen die worden gebruikt om telefoons en auto's op te laden, maar ESS gaat een andere richting uit, wat bekend staat als een 'stroombatterij'.

De belofte is een langere output - meer dan acht uur - dan de paar uur die lithium-ion-systemen kunnen leveren, evenals een grotere duurzaamheid.

Flowbatterijen gebruiken afzonderlijke tanks met chemische oplossingen die in een kamer worden gepompt waar ze door een membraan reageren om elektrische lading te produceren. ESS onderscheidt zich van stroomconcurrenten door een niet-toxische elektrolyt te gebruiken die bestaat uit ijzer, zout en water in plaats van het gebruikelijke vanadium of zink.

ESS noemt zijn systeem het "Energy Warehouse". Het is gehuisvest in een transportcontainer en kan 50 of 100 kilowatt vermogen leveren, met 400 kilowattuur energieopslag. Meerdere containers kunnen aan elkaar worden geregen om de capaciteit te vergroten.
Prophecy Submits Nevada State Mine Operating Permit Applications for Gibellini Vanadium Project

Vancouver, British Columbia, November 7, 2019 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce that it has submitted, through its wholly owned US subsidiary Nevada Vanadium, the applications and Engineering Design Reports (EDRs) for the primary mining permits that govern project construction, operations and closure for its Gibellini Vanadium Project located in Eureka County, Nevada, USA to the Nevada Division of Environmental Protection (NDEP) with copies provided to the Bureau of Land Management (BLM) and the Gibellini Project Environmental Impact Statement (EIS) contractor SWCA.

The permit applications submitted on October 31, 2019 were for the Water Pollution Control Permit and the Class II Air Quality Permit. These Nevada state permits have been developed to provide construction level engineering that supports the mine plan previously submitted to the BLM in the Plan of Operations. Comments received from both the BLM and SWCA were used as guidance in the engineering design to ensure the State and Federal Permits are aligned and reflect the most current guidance provided by both the NDEP and BLM.

NDEP Water Pollution Control Permit

Mining in Nevada is regulated under the authority of the Nevada Revised Statutes (NRS) 445A.300-NRS 445A.730 and the Nevada Administrative Code (NAC) 445A.350-NAC 445A.447. Water Pollution Control Permits (WPCP) are issued to an operator prior to the construction of any mining, milling, or other beneficiation process activity. Facilities utilizing chemicals for processing ores are required to meet a zero-discharge performance standard such that Waters of the State will not be degraded.

The engineering design for heap leaching, the processing facility, and the mine design (M3 Engineering and Newfields Companies, LLC) was integrated into to the site Closure Plan that was also submitted as part of the WPCP application. This design will facilitate concurrent closure of the heap as each heap cell is finished leaching. This will allow the Closure Plan to be initiated during operations. At the end of active mining, the site can be closed at minimal technical risk. This reduces the closure duration and liability and the commensurate reclamation bond.

Air Quality Class II Permit

The Nevada Bureau of Air Pollution Control issues air quality operating permits to stationary and temporary mobile sources that emit regulated pollutants to ensure that these emissions do not harm public health or cause significant deterioration in areas that presently have clean air. This is achieved by stipulating specific permit conditions designed to limit the amount of pollutants that sources may emit into the air as a regular part of their business processes.

Any process/activity that is an emission source requires an air quality permit. Nevada Revised Statute (NRS) 445B.155 defines an emission source as "any property, real or personal, which directly emits or may emit any air contaminant."

The Class II Permit for Gibellini is for facilities that emit less than 100 tons per year for any one regulated pollutant. Since the vanadium processing will utilize a heap leach, the emissions will be under the threshold for more complex air permits. The engineering design incorporates stringent emission control technology to minimize emissions. The modeled emissions from the entire Gibellini Project are well below the National Ambient Air Quality Standards (NAAQS).

The Enhanced Baseline Reports (EBR’s) were extensively used in the Project engineering design to ensure that potential environmental impacts identified in the EBR’s would be avoided or minimized by facility design. These engineering controls help ensure that avoidance of potential environmental impacts is “built into” the project from the start of the design process. Doing so will allow Environmental Protection Measures to be taken to minimize the risk of impacts that cannot be completely avoided in the design and ensure up-front project planning that is sensitive to all environmental resources.

Integration with BLM 12-month 3355 EIS Process

The Nevada state permit applications were brought forward in the permitting process to identify any issues resulting from NDEP review that could affect the project design in the Plan of Operations early. By resolving the State permitting issues prior to the start of the EIS, it will help ensure that the 12-month schedule mandated by the BLM Secretarial Order 3355 (S.O. 3355) can be met and interruptions to the schedule can be avoided.


“The Prophecy team is working diligently with the support of the federal and state regulators and is actively engaging all stakeholders in order to obtain all the state and federal permits required to begin construction of North America’s first primary vanadium mine. We are on track to initiate the EIS process after the Notice of Intent is published, which will be a milestone in permitting the Gibellini Project,” notes Ron Espell, VP Environment and Sustainability. “It will represent the starting point of a well-defined 12-month process under the Department of the Interior’s Secretarial Order No. 3355 that shareholders will be able to mark on their calendars.”

Michael Doolin, Prophecy’s CEO and COO, observes, “The State of Nevada is the best jurisdiction for mining investment in the world, according to Fraser Institute. The deposit is critical as Gibellini’s annual production profile of 9.75 million lb. of V2O5 outlined in the independent preliminary economic assessment is sufficient to meet United States current vanadium consumption requirement.”

About Prophecy

Prophecy is developing the Gibellini project – the only large-scale, open-pit, heap-leach vanadium project of its kind in North America. Located in Nevada, Gibellini is currently undergoing EPCM and permit development. Further information on Prophecy can be found at

Bull and Bear
First Vanadium gaat als een speer Prophecy development zakt behoorlijk door het ijs.
Bij First Vanadium Nevada project vermoed men goud in de bodem
Prophecy Development gaat vol in zilver mining in Bolivia
Beide zullen niet eerder dan over 2 jaar Vanadium gaan winnen. Ik koop Prophecy bij maar kijk het eerst nog even aan.
Prophecy Proposes Name Change to Silver Elephant Mining Corp. At Shareholders’ Meeting to be held on March 16, 2020

Vancouver, British Columbia, January 8, 2020 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) will hold a special meeting of shareholders on March 16, 2020 at 10:00 AM (PST) (the “Special Meeting”) at Suite 2600 – 1066 West Hastings Street, Vancouver, British Columbia, V6E 3X1.

At the Special Meeting, shareholders will be asked to approve a change of the Company name to “Silver Elephant Mining Corp.” (the “Name Change”) with a new proposed TSX ticker symbol ELEF, to best reflect the Company’s focus in developing its Pulacayo silver project in Bolivia.

At the Special Meeting, the Company also proposes to seek shareholder approval for a consolidation of its issued and outstanding Shares at a ratio between one (1) new Common Share for every five (5) to ten (10) old Common Shares outstanding (the “Consolidation”). The effective date of the Name Change, the Consolidation ratio and the Consolidation, if approved, will occur at a future date to be determined by the Board when it considers it to be in the best interests of the Company to implement. The proposed Name Change and Consolidation are subject to certain regulatory approvals, including the approval of the TSX.

At the Special Meeting, the Company will further seek Shareholder approval for the ratification of 794,000 stock options previously granted to certain directors, officers, employees and consultants of the Company on July 29, 2019 which was press released on August 19, 2019, pursuant to the terms of the Company’s Share-Based Compensation Plan as approved at its Annual General Meeting of shareholders held on June 2, 2016, and amended on June 13, 2017 and further amended on September 12, 2019. Further information regarding all matters to be approved at the Special Meeting will be provided in an information circular which will be mailed to shareholders in February 2020.

About Prophecy

Prophecy is developing its premier Pulacayo silver project in Bolivia. Further information on Prophecy can be found at


“Michael Doolin”
Chief Executive Officer

For more information about Prophecy, please contact Investor Relations:
Bull and Bear
Vertaald via Google translate;

Vancouver, British Columbia, 8 januari 2020 - Prophecy Development Corp. ("Prophecy" of the "Company") (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2N) biedt met genoegen de volgende update over haar 100% eigendom Pulacayo zilveren project in Bolivia.
Naar aanleiding van het persbericht van 18 december 2019 meldt Prophecy dat het de eerste 3 gaten van de geplande 17 boorgaten bij het Pulacayo-project heeft voltooid. Deze step-out boorgaten bevinden zich 25-, 50- en 115 meter ten westen van het bestaande resource-model van Pulacayo. De eerste testresultaten worden eind januari verwacht.
Prophecy heeft ook een tweede booreiland naar Pulacayo gemobiliseerd en verwacht het voorgestelde boorprogramma van 5.000 meter in februari te voltooien met volledige testresultaten beschikbaar tegen maart 2020. De resterende stapsgewijze boorgaten worden tot 2 km ten westen van het bestaande hulpbronmodel geboord.
Joaquin Merino, VP Zuid-Amerikaanse operaties, merkte op: “Pulacayo is een zeer groot gemineraliseerd systeem, en met dit programma zullen we de grenzen van mineralisatie nabij het oppervlak testen. Op basis van een evaluatie van de huidige en vroegere ambachtelijke mijnbouw op het oppervlak, zijn er sterke aanwijzingen dat de Tajo Vein (waar ondergrondse mijnbouw plaatsvond van begin 1800 tot 1952) volgens een project van 3 km lang aan de oppervlakte komt ”
De Pulacayo-aanbetaling heeft momenteel een NI43-101-compliant middel van 2,08 miljoen ton bij Ag 455 g / t, Pb 2,18%, Zn 3,19% in de aangegeven categorie. Het heeft ook 0,48 miljoen ton bij Ag 406 g / t, Pb 2,08%, Zn 3,93% in de afgeleide categorie. Het bedrijf schat dat de hoeveelheden metalen van de aangegeven categorie 30,4 miljoen ounces zilver, 100,0 miljoen pond lood en 146,3 miljoen pond zink zijn. Het bedrijf schat dat de hoeveelheden metalen van de afgeleide categorie 6,3 miljoen ounces zilver, 22,0 miljoen pond lood en 41,6 miljoen pond zink zijn (zie bedrijfsrapport "Geactualiseerd MINERAAL HULPBRON TECHNISCH RAPPORT voor het PULACAYO-PROJECT" door Mercator van kracht vanaf 20 oktober 2017; beschikbaar op SEDAR.COM).
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