Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (“Prismo” or the “Company”) is pleased to announce that it has been granted permission to drill approximately 70% strike length of the Palos Verdes Prospect. Accessible for excavation. The training program is expected to start in early April. Palos Verdes is located in the historic Panuco He Copala neighborhood of Sinaloa, Mexico, adjacent to Vizsla’s property.
A crew has already been mobilized to prepare for this new phase of drilling at the Palos Verdes project. It focuses on drill site installation for portable drill rigs. A total of 2,500 meters of drilling is planned to test the strike length of the previously inaccessible Palos Verdes vein.
Regarding the drilling program, Dr. Craig Gibson, President and CEO of the Company, said: This program builds on the positive results obtained from past drilling and is designed to expand the area of high-grade mineralized shoots northeast of the Palos Verdes Tunnel. ”
“In January, Vizsla Silver Corp. (TSXV: VZLA) entered into a strategic investment in Prismo, resulting in Vizsla owning 10.1% of Prismo. Vizsla agreed to form a technical committee to pursue district-scale exploration of the Panuco silver-gold district. We look forward to designing the next stage of drilling in.
Geological map of the Palos Verdes Block showing past drilling sites and locations
Included in the latest drilling permit application.
New drilling sites, shown in blue, are located primarily northeast of past drilling areas. The primary target is the Palos Verdes vein, but mapped parallel and cross-cut veins can also be tested.
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Longitudinal venous projections of the Palos Verdes vein showing interpreted mineralization
and areas to be explored by drilling in 2023.
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Past drilling of the Palos Verdes deposit has shown the presence of large calcified shoots. A planned drill program will test the northeast area along Strike to expand the mineralized body.
Craig Gibson, PhD., CPG., PhD., CPG., President, CEO and Director of the Company, a qualified person as defined by the NI-43-01 regulation, has reviewed and approved the technical disclosure in this news release. bottom.
About Palos Verdes
The Palos Verdes project is located in the historic Panuco Copala Silvergold district in southern Sinaloa, Mexico, approximately 65 kilometers northeast of Mazatlan, Sinaloa, in the city of Concordia. The Palos Verdes mining area (claimed) covers his 700m strike of the Palos Verdes prospect. The Palos Verdes Prospect is a member of the northeast-trending family of prospects located in the eastern part of the district outside the modern exploration area. shallow excavation (
About Prismo
Prismo (CSE: PRIZ) is a mining and exploration company focused on two precious metals projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).
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Prismo Metals Co., Ltd.
1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6
contact:
Craig Gibson, President and Chief Executive Officer craig.gibson@prismometals.com
Jason Frame, Communications Manager jason.frame@prismometals.com
The Canadian Stock Exchange also does not assume responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements other than statements of historical fact. This includes statements regarding anticipated content, results of commencement and exploration programs, ability to complete future financings, permits required, exploration programs and drilling, anticipated business plans and timing of future activities. but not limited to: This is a forward-looking statement of the Company. Forward-looking statements are generally identified by the following words: believe, expect, predict, intend, estimate, assume and similar expressions or, by their nature, predict future events. to mention. While we believe such statements to be reasonable, there can be no assurance that such expectations will prove correct.
We caution investors that our forward-looking statements are not guarantees of future results or performance and that actual results may differ materially from the forward-looking statements. . Financial market conditions for our equity securities, general commodity market conditions, changes in nature, analytical results from surface trenching and sampling programs, including diamond drilling programs, IP survey results, to soil and sampling programs. the quality and quantity of mineral deposits that may be discovered; fluctuations in market prices for mineral products that the Company produces or plans to produce; the Company’s inability to obtain required permits, consents or approvals approval), the inability of the company to successfully or profitably produce minerals from its assets due to the planned activities, to continue projected growth, to raise the necessary capital; or our inability to fully implement our business strategy, the potential impact of COVID-19 (coronavirus) our exploration programs, and our general business, operational and financial conditions, and other risks and uncertainties; sex. All of our Canadian public disclosure documents can be accessed by: www.sedar.com Readers are encouraged to review these materials, including technical reports submitted regarding our mineral properties.
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