Business
Prismo Metals Provides Palos Verdes Drilling Update
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to provid
About this update from Prismo Metals Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 24, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (\"Prismo\" or the \"Company\") is pleased to provide an update for its ongoing drill program at the Palos Verdes property located in the Panuco district in Mexico. The Company has drilled 2,620 meters in the current program and completed thirteen holes with one hole in progress, PV-23-32. One additional hole is contemplated after completing hole PV-23-32 as part of the original drill program which began in May (see news release dated May 11, 2023). This will be followed by the previously announced (see news release dated August 3, 2023) expansion of the drill program, with holes to be drilled from Vizsla Silver Corp. (TSXV: VZLA) concessions adjacent to the Palos Verdes concession. These holes will target the Palos Verdes vein at depth. This follows a recommendation presented by the Panuco Joint Technical Committee to drill approximately 3,600 meters in ten holes to be completed in two phases. The Joint Technical Committee is comprised of Prismo's CEO Dr. Craig Gibson, Vizsla Silver's VP Exploration Dr. Jesus Velador and Dr. Peter Megaw. \"The drilling at Palos Verdes this year has been focussed on drilling areas that have not been drilled previously because they were not accessible under our previous environmental permit,\" said Craig Gibson, President and CEO of the Company. \"We recently intersected bonanza grade intervals at the Palos Verdes project, with the best interval being a 0.5-meter sample assaying 11,520 grams per tonne silver equivalent (102 g/t gold and 3,100 g/t silver) (see Prismo's news release dated July 27, 2023). The drilling is directed toward expanding the mineralized footprint of the vein system.\" Figure 1. Geologic and drill hole map of the Palos Verdes and adjacent concessions. The Company has already reported assays from the first seven holes in the program through hole PV-23-25 (see News Release of July 27, 2023). Five additional holes are at the laboratory, and hole PV-23-31 will be sent to the lab shortly. Results will be announced after receiving assay data for all of these holes. Photo of core from hole PV-23-32 showing intervals with multistage vein mineralization with brecciation and locally abundant sulfide minerals. Assay results pending. Photo of core from hole PV-23-3...