Business
Prismo Metals Receives Authorization for Drilling at Palos Verdes
Vancouver, British Columbia--(Newsfile Corp. - March 6, 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. - March 6, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (\"Prismo\" or the \"Company\") is pleased to announce that it has received authorization to drill the approximately 70% of the Palos Verdes vein strike length that was not previously accessible for drilling. The drill program is slated to commence in early April. The Palos Verdes is located in the historic Panuco-Copala district of the state of Sinaloa, Mexico, and is contiguous to Vizsla's property. A crew has already been mobilized to prepare this new phase of drilling at the Palos Verdes project. Work is focusing on the installation of drill sites for a portable drill rig. A total of 2,500 meters of drilling is planned to test the strike length of the Palos Verdes vein that was not previously accessible until now. Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: \"We are pleased to be able to access the remaining portion of the Palos Verdes concession to conduct a program to test the Palos Verdes vein along strike from the previous drilling. The program is designed to expand on the positive results from our past drilling and expand the area of the high-grade mineralized shoot to the northeast of the Palos Verdes tunnel.\" He added: \"In January, Vizsla Silver Corp. (TSXV: VZLA) concluded a strategic investment in Prismo which resulted in Vizsla owning 10.1% of Prismo. In connection with the investment, Prismo and Vizsla have agreed to form a technical committee to pursue district-scale exploration of the Panuco silver-gold district. We look forward to working with Vizsla's Vice President of Exploration Jesus Velador and his team to design our next phase of drilling at Palos Verdes.\" Geologic map of the Palos Verdes concession showing past drill sites and locations included in the most recent drill permit application. The new drill sites, shown in blue, are primarily located to the northeast of the area of past drilling. The main target is the Palos Verdes vein, but mapped parallel and cross cutting veins may also be tested. Longitudinal vein projection of the Palos Verdes vein showing interpreted mineralization and areas to be explored by drilling in 2023. Past drilling on the Palos Verdes vein has shown the presence of a large mineralized shoot. The planned dri...