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Prismo Metals Intercepts Wide Vein Structure at Palos Verdes in Hole #4
Four holes completed, hole #5 underway Vancouver, British Columbia--(Newsfile Corp. - October 20, 2022) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (the "Co
About this update from Prismo Metals Inc.
[{"type":"text","content":" Four holes completed, hole #5 underway Vancouver, British Columbia--(Newsfile Corp. - October 20, 2022) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (the \"Company\" or \"Prismo\") is pleased to provide an update on the current drill program at its Palos Verdes project, located in the historic Panuco-Copala district of the state of Sinaloa, Mexico. A total of 1,203 meters have been drilled to date out of a planned minimum of 2,000 metres. The Company expects to complete the current drilling in early November. The Palos Verdes property is contiguous to the Panuco silver-gold project of Vizsla Silver Corp. The drilling program is designed to test the Palos Verdes vein at depths where it is believed that potential for a large ore shoot is present, similar to the drilling accomplished by Vizsla Silver Corp. on their adjacent land package. Four holes have now been completed and the fifth hole is in progress. Technical Summary 1,203 meters drilled to date in four holes; currently drilling the fifth hole of the current drilling campaign (PV-22-15). Wide structural zones are being intersected at depth where the Palos Verdes vein is branching into several strands measuring from about 0.5 meters to nine meters in width, separated by andesite wall rock cut by narrow veins and veinlets, in contrast to a large discrete quartz vein near the surface. Sampling is being completed on the entire structural zone including wall rock with veinlets. Assay results expected in early November. Drill hole data for holes from the ongoing program: Hole Hole # current campaign Easting Northing Elev. Azim Incl Depth (m) PV-22-11 #1 413,761 2,593,096 1,209 355 -82 393.00 PV-22-12 #2 413,759 2,593,095 1,209 325 -75 207.00 PV-22-13 #3 413,758 2,593,094 1,209 300 -80 300.00 PV-22-14 #4 413,610 2,592,919 1,230 330 -75 303.00 PV-22-15 #5 413,610 2,592,919 1,230 15 -80 - *PV-22-15 initiated on Oct 18, 2022. Coordinates in UTM WGS84 using handheld Garmin GPS. \"Much wider structural zones were intersected in the current drilling than in previous shallow drilling, which cut mainly discrete quartz veins hosted by andesitic wall rocks. Although not yet assayed, the wider zones with multiple stages of mineralization provides additional opportunities to encounter significant high-grade mineralization that the district is known for. The veins are multistage with s...