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Prismo Metals Samples 28 g/t Gold at Los Pavitos Project, Mexico
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - Prismo Metals Inc. (CSE: PRIZ) ("Prismo" or the "Company") is pleased to provide an update for th
About this update from Prismo Metals Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - Prismo Metals Inc. (CSE: PRIZ) (\"Prismo\" or the \"Company\") is pleased to provide an update for the ongoing initial exploration program at the Los Pavitos project in Sonora State, Mexico. Mapping and sampling at the project began in January and has progressed on-time and on schedule, covering a large portion of the 5,300-hectare concession. Assay results have been received for 169 samples with the best results from the Las Auras and Santa Cruz areas with individual samples yielding 10.15 and 28 g/t gold, respectively (See Highlights table below). Further sampling is underway with results expected in June. Also, a service provider for the planned LiDAR survey has been selected and data collection is programmed for May. Geologic mapping has further refined several principal structures that define the Las Auras, Santa Cruz and Oromuri structural trends that were identified during reconnaissance work by Minera Cascabel, the Mexico based company Prismo optioned the property from in October 2019. Several additional new parallel structures have been recognized, including the La Española, San Jorge and La Ramada faults. Areas of strong oxidation occur along and around several of the structures and at structural intersections. Gold assays ranging from anomalous to 28 g/t are mainly located in the Santa Cruz, Las Auras and Oromuri areas as shown in the table below. Arsenic and bismuth values are widely distributed, with the highest assays in the Las Auras and Oromuri areas but with anomalous assays in the several portions of the mapped area. These elements could be useful as guides to define areas with potential for gold mineralization. Rafael Gallardo, of Minera Cascabel and a director of Prismo, noted similarities of some of the host rocks and vein styles to orogenic gold systems in northwestern Sonora's Caborca Orogenic Gold Belt (COGB) The COGB hosts numerous current and past producing gold deposits, including Fresnillo's La Herradura mine, and is one of Mexico's top gold producing regions (see figure below). The current exploration work is partly directed towards determining whether that is the case, or whether the mineralization is more similar to that in the Alamos epithermal vein district 25 km to the southeast. The presence of large northwesterly trending shear zo...