Business
Prismo Metals Selects Drill Contractor for Drilling at Palos Verdes
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - Prismo Metals Inc. (CSE: PRIZ) ("Prismo" or the "Company") is pleased to announce that it has se
About this update from Prismo Metals Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - Prismo Metals Inc. (CSE: PRIZ) (\"Prismo\" or the \"Company\") is pleased to announce that it has selected a drill contractor for its upcoming drilling campaign on its Palos Verdes project, which is contiguous to Vizsla Silver Corp. Panuco silver-gold project located in Sinaloa, Mexico. The drilling campaign is expected to commence on or about the first week of August subject to the receipt of the extension of the Company's permit, which is expected shortly. 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 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, the use of proceeds of the warrant exercise financing, the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, b...