Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (“Prismo” or the “Company”) is pleased to announce that the 2023 drilling campaign has commenced at the Palos Verdes Project in the Panuco Mining Area, Sinaloa, Mexico. announce. .
The company will complete a drilling program of at least 2,500 meters to test 65% of the strike length of the Palos Verdes prospect that has not yet been drilled, along with several other prospects that have been mapped to the surface. Similar to drilling conducted by Vizsla Silver Corp. (TSXV: VZLA) on an adjacent land package, the Prismo concession is believed to have the potential for a large ore ejection.
“We are excited to begin drilling in previously unreachable areas along the Palos Verdes Prospect,” said Dr. Craig Gibson, President and CEO of the Company. “Future drilling programs will begin by testing the Palos Verdes prospect northeast of the previous intercept, initially with shallow drilling to confirm the orientation of the prospect, followed by deeper holes, with 10 to 15 holes. The program requires two months of work to complete and is currently underway,” he said.
The Palos Verdes property is adjacent to Vizsla Silver Corporation’s (TSXV:VZLA) Panuco Silver Gold project, and the Palos Verdes prospect originates from Vizsla’s mining area southwest of the Palos Verdes mining area. , has a strike length of 750 meters. Prismo ground (Fig. 1).
Figure 1. Geological map of Palos Verdes and adjacent mining areas.
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Previous drilling intersected high-grade mineralization, giving the best intercepts of 2,336 g/t Ag and 8.42 g/t Au at an estimated true width of 0.8 m, and 1,098 g true width within a wider mineralization interval. /t Ag and 3.75 g/t Au. 2.3 meters (see Prismo news release dated September 30, 2020).
Figure 2. 3D plan view of drilling at Palos Verdes. Existing holes (colored) and planned holes (grey) are displayed.
Blue fault zone.
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Figure 3. 3D perspective view of drillingPalos Verdes seen to the northwest. There are existing holes and planned holes.
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Dr. Craig Gibson, CPG, President, CEO and Director of the Company, who is a qualified person as defined in the NI-43-01 regulation, has reviewed and approved the technical disclosure in this news release.
About Palos Verdes
The Palos Verdes project is located in the historic Panuco Copala silver and gold district approximately 65 kilometers northeast of Mazatlan in the city of Concordia in southern Sinaloa, Mexico. The Palos Verdes Prospect (Claims) covers a drilled length of 700 meters of the Palos Verdes Prospect, which is part of a northeasterly-facing prospect located in the eastern part of the area outside the modern exploration area. Shallow Drilling (www.prismometals.com). This mineralization is progressing in all directions and the current planned drilling program is designed to track this along strike to depth.
About Prismo
Prismo (CSE: PRIZ) is a mining and exploration company focused on two precious metals projects in Mexico (Palos Verdes and Los Pabitos) and a copper project in Arizona (Hot Brescia).
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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 (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact. This includes statements regarding anticipated content, results of initiation and exploration programs, ability to complete future financings, permits required, exploration programs and drilling, and anticipated business plans and timing of future activities. include but are not limited to: These are forward-looking statements about the Company. Forward-looking statements are generally identified by words such as believe, anticipate, anticipate, intend, estimate, assume and similar expressions, or by their nature refer to future events. Although we believe such statements to be reasonable, we cannot guarantee that such expectations will prove correct.
The forward-looking statements made by the Company are not guarantees of future results or performance, and actual results may differ significantly from those contained in the forward-looking statements as a result of various factors, including, but not limited to, the following. Warn investors that things may be different. financial market conditions for our stocks, general commodity market conditions, natural changes, analytical results from surface trenching and sampling programs, including diamond drilling programs, intellectual property survey results, soil survey results and sampling programs; to. the quality and quantity of mineral deposits that may exist, fluctuations in the market price of mineral products that we may or plan to produce, and obtaining any necessary permits, consents and approvals, including CSE approvals; What we cannot obtain. , planned activities, our inability to successfully or profitably produce minerals from our assets, our inability to continue our anticipated growth, our inability to raise necessary capital, or our inability to fully execute our business strategy; , the potential impact of COVID-19 (coronavirus), our exploration program, our general business, operating and financial conditions, and other risks and uncertainties. All of our Canadian public documents can be accessed at: www.sedar.com Readers are encouraged to review these materials, including technical reports submitted regarding our mineral properties.
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