Business
Prismo Metals Updates Drilling at the Palos Verdes Property
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2020) - Prismo Metals Inc. (CSE: PRIZ) (the "Company" or "Prismo") is pleased to provide an update o
About this update from Prismo Metals Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 21, 2020) - Prismo Metals Inc. (CSE: PRIZ) (the \"Company\" or \"Prismo\") is pleased to provide an update of the drilling program underway at its Palos Verdes project, located in Concordia Municipality, Sinaloa, Mexico. The Company has completed its 2020 drilling campaign with four holes totaling 436.8 metres of a planned 500-metre program. Three holes focused on testing the Palos Verdes vein lateral to, and below, the 8.4 g/t Au and 2,336 g/t Ag, over 0.8m true width drilled in May 2018 (See Prismo press release of September 30, 2020). The fourth hole tested a northwest-trending shear zone that was traced across the property just before the drilling program. Problems with the drill rig mean the planned fifth hole may not be completed until after the holiday break. The three Palos Verdes vein holes cut zones between 10 and 20 metres wide (estimated true thickness) laced with multiple, closely spaced, variably mineralized quartz veins and vein breccias. These multistage vein zones show several different styles and textures of quartz veining and sulphide mineralization. Some stages are dominated by pyrite, sphalerite, galena and chalcopyrite, while others show variable amounts of a very fine-grained black opaque mineral that may be silver sulphide (acanthite). Photos of core from typical vein intercepts are presented on the Prismo website at https://prismometals.com/project/the-palos-verdes-property. Assay results for 119 samples from the first three holes are expected by February 2021, followed by those for the fourth hole which should be submitted this week. \"We are delighted with the widths of multistage quartz veining cut in all four holes and the similarity of mineralization to our high-grade 2018 drillholes,\" said Dr. Craig Gibson, President and CEO of the Company. \"We are especially pleased with how the vein zone is widening with depth and look forward to returning after the break and continuing to drill this very promising vein system.\" Hole PV-20-07 cut 30.5 metres (drill length) of broken vein quartz with locally visible pyrite and sphalerite in a strongly argillized shear zone in the first test of a northwest-trending shear zone recently traced through patchy outcrops of quartz vein material and alteration for about 150 metres across the property. These scatt...