Prophecy Development Corp (TSX: PCY, OTC: PRPCF), soon to be renamed Silver Elephant Mining Corp, is a TSX listed company advancing its 100% controlled top-tier Pulacayo silver mining project in Bolivia.
Prophecy’s Pulacayo silver project features 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 is drilled. Pulacayo is near New Pacific’s major silver discovery in Potosi, and PCY is selling for a fraction of NUAG’s valuation.
Prophecy's objective in 2020 is drill and expand Pulacayo silver resource base which is open to the west and at depth, as well as drill district-scale targets (Paca, Al Abra, Pero, Pacamayo).
Prophecy specializes in mine permitting, construction, and operations.
The company is managed by mine builders and governed by industry renowned directors from Barrick Gold Corp, Klondex Mines Ltd, Tahoe Resources Inc, and Bear Creek Mining Corp.
Mr. Eric Sprott owns 9% of Prophecy, Company insiders own further 15% of Prophecy, which has no bank debt and approximately 122 million shares outstanding.
| Company Details | |
|---|---|
| Company Name | Prophecy Development Corp. |
| Business Category | Silver |
| Address | Suite 1610 – 409 Granville Street Vancouver British Columbia Canada ZIP: V6C 1T2 |
| President | NA |
| Year Established | NA |
| Employees | NA |
| Memberships | NA |
| Hours of Operation | Mon - Fri : 09:00 Am - 05:00 Pm Sat - Sun : Closed |
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