Business
Prismo Metals Receives Environmental Permit Extension and Mobilizes Crew for Drilling at Palos Verdes
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2022) - Prismo Metals Inc. (OTCQB: PMOMF) (CSE: PRIZ) ("Prismo" or the "Company") is pleased to announce
About this update from Prismo Metals Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 28, 2022) - Prismo Metals Inc. (OTCQB: PMOMF) (CSE: PRIZ) (\"Prismo\" or the \"Company\") is pleased to announce that it has received an extension to its environmental permit which allows for drilling at its Palos Verdes project in Sinaloa State, Mexico to commence as planned in the first week of August. Crews have been mobilized to the project and preparation of the drilling sites is ongoing. The agency responsible for environmental regulation in Mexico, Semarnat, has issued an extension to the original drill permit that allowed drilling on existing roads. Semarnat is also continuing its review of an additional application for a permit for new road construction. The drill program is designed to test the Palos Verdes vein and a structural intersection with a second 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. A minimum 2,000-meter program has been contracted. Previous shallow 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). Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: \"We are pleased to be able to commence our plan to drill holes to intersect the Palos Verdes vein at significantly deeper levels than the previous drilling. We will be able to test the vein several hundred meters underneath the surface exposures.\" About Prismo Prismo (CSE: PRIZ) is junior mining company focused on precious metal exploration in Mexico. Contact: Craig Gibson, Chief Executive Officer and Director1100 - 1111 Melville St., Vancouver, British Columbia V6E [email protected] Jason Frame, Manager of [email protected] Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This news release includes certain forward-looking statements concerning the warrants exercise financing, the proceeds received from such warrant exercise financing, t...