Business
Prismo Metals Commences Drill Program at Palos Verdes
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to announce
About this update from Prismo Metals Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 11, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (\"Prismo\" or the \"Company\") is pleased to announce that the 2023 drilling campaign at its Palos Verdes Project in the Panuco mining district of Sinaloa State, Mexico has started. The Company will complete a drill program of a minimum of 2,500-meter program to test the 65% of the strike length of the Palos Verdes vein that has not yet been drilled, along with some other veins mapped at the surface. It is believed that potential for a large ore shoot is present on Prismo's concession, similar to the drilling accomplished by Vizsla Silver Corp. (TSXV: VZLA) on their adjacent land package. \"We are excited to begin drilling along the Palos Verdes vein in areas that were not previously accessible for drilling,\" said Dr. Craig Gibson, President and CEO of the Company. \"The upcoming drill program will begin by testing the Palos Verdes vein to the northeast of the previous intercepts, initially with shallow drilling to confirm the orientation of the vein to be followed by deeper holes. A ten to fifteen-hole program that will take two months to complete is currently underway,\" he stated. The Palos Verdes property is contiguous to the Panuco silver-gold project of Vizsla Silver Corp. (TSXV: VZLA) and the Palos Verdes vein originates on Vizsla's concession to the south-west of the Palos Verdes concession and has 750 meter of strike length on Prismo's ground (Fig. 1). Figure 1. Geologic map of the Palos Verdes and adjacent concessions. Previous drilling has intersected high grade mineralization with the best intercept of 2,336 g/t Ag and 8.42 g.t Au over a true width estimated at 0.8 meters within a larger mineralized interval with 1,098 g/t Ag and 3.75 g/t Au over a true width of 2.3 meters (see Prismo's news release dated September 30, 2020). Figure 2. 3D plan view of drilling at Palos Verdes with existing (colored) and planned holes (gray). Fault zone in blue. Figure 3. 3D perspective view of drilling at Palos Verdes looking NW with existing and planned holes. Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and President, CEO and a director of the Company, has reviewed and approved the technical disclosures in this news release. About Palos Verdes The Palos Verdes project is locate...