Drilling Has Started at Prismo Metals' Palos Verdes Project
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:PMOMF) has started drilling at its Palos Verdes project in Mexico. The first hole, PV-24-34, is part of a collaborative program with Vizsla Silver Corp. The initial phase aims to drill 1,250 meters, with the first hole planned for 250 meters. The program targets the Palos Verdes vein system west of a fault, below previous high-grade intercepts.
The drilling follows three main goals: tracing the down-dip extension of a mineralized shoot, seeking vein continuation across a cross-fault, and testing the northeastern extension near the Jesusita mine. Previous drilling yielded impressive results, including 102 g/t gold and 3,100 g/t silver over 0.5 meters in hole PV-23-25.
Prismo's CEO, Alain Lambert, expressed excitement about resuming drilling at Palos Verdes and the company's active second half of 2024, which includes the Hot Breccia copper project in Arizona.
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:PMOMF) ha iniziato le perforazioni nel suo progetto Palos Verdes in Messico. Il primo foro, PV-24-34, fa parte di un programma collaborativo con Vizsla Silver Corp. La fase iniziale mira a perforare 1.250 metri, con il primo foro pianificato per 250 metri. Il programma si concentra sul sistema di vene di Palos Verdes a ovest di una faglia, al di sotto di precedenti intercettazioni ad alta grade.
Le perforazioni seguono tre obiettivi principali: tracciare l'estensione in profondità di un'imbottigliatura mineralizzata, cercare la continuazione della vena attraverso una faglia incrociata e testare l'estensione nord-orientale vicino alla miniera di Jesusita. Le perforazioni precedenti hanno fornito risultati impressionanti, tra cui 102 g/t di oro e 3.100 g/t di argento su 0,5 metri nel foro PV-23-25.
Il CEO di Prismo, Alain Lambert, ha espresso entusiasmo per la ripresa delle perforazioni a Palos Verdes e per il secondo semestre attivo del 2024 dell'azienda, che include il progetto di rame Hot Breccia in Arizona.
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:PMOMF) ha comenzado a perforar en su proyecto Palos Verdes en México. El primer pozo, PV-24-34, forma parte de un programa colaborativo con Vizsla Silver Corp. La fase inicial tiene como objetivo perforar 1,250 metros, con el primer pozo planeado de 250 metros. El programa se enfoca en el sistema de vetas de Palos Verdes al oeste de una falla, por debajo de anteriores intersecciones de alta ley.
La perforación sigue tres metas principales: rastrear la extensión en profundidad de un yacimiento mineralizado, buscar la continuación de la veta a través de una falla transversal y probar la extensión noreste cerca de la mina Jesusita. Las perforaciones anteriores produjeron resultados impresionantes, incluyendo 102 g/t de oro y 3,100 g/t de plata sobre 0.5 metros en el pozo PV-23-25.
El CEO de Prismo, Alain Lambert, expresó su entusiasmo por reanudar las perforaciones en Palos Verdes y por el activo segundo semestre de 2024 de la empresa, que incluye el proyecto de cobre Hot Breccia en Arizona.
프리스모 메탈스 주식회사 (CSE:PRIZ)(OTCQB:PMOMF)는 멕시코 팔로스 베르데스 프로젝트에서 탐 drilling을 시작했습니다. 첫 번째 구멍인 PV-24-34는 Vizsla Silver Corp와의 협력 프로그램의 일부입니다. 초기 단계는 1,250미터를 드릴링하는 것을 목표로 하며, 첫 번째 구멍은 250미터로 계획되어 있습니다. 이 프로그램은 이전 고급 인터셉트 다음에 있는 단층의 서쪽에 위치한 팔로스 베르데스 광맥 시스템을 목표로 합니다.
드릴링은 세 가지 주요 목표를 따릅니다: 광물화된 뼈대를 아래쪽으로 추적하고, 교차 단층을 가로지르는 광맥의 연속성을 찾고, 헤수리타 광산 근처의 동북부 연장을 테스트합니다. 이전 드릴링은 0.5미터에서 102g/t 금과 3,100g/t 은을 포함한 인상적인 결과를 낳았습니다(PV-23-25 구멍).
프리스모의 CEO 앨런 Lambert는 팔로스 베르데스에서의 드릴링 재개와 2024년 하반기에 진행될 액티브 계획인 핫 브레시아 구리 프로젝트에 대한 기대감을 표명했습니다.
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:PMOMF) a débuté le forage de son projet Palos Verdes au Mexique. Le premier trou, PV-24-34, fait partie d'un programme collaboratif avec Vizsla Silver Corp. La phase initiale vise à forer 1 250 mètres, avec le premier trou prévu à 250 mètres. Le programme cible le système veineux de Palos Verdes à l'ouest d'une faille, en dessous des précédentes interceptions à haute teneur.
Le forage suit trois objectifs principaux : suivre l'extension en profondeur d'une zone minéralisée, chercher la continuité des veines à travers une faille transversale, et tester l'extension nord-est près de la mine de Jesusita. Les forages précédents ont donné des résultats impressionnants, y compris 102 g/t d'or et 3 100 g/t d'argent sur 0,5 mètre dans le trou PV-23-25.
Le PDG de Prismo, Alain Lambert, a exprimé son enthousiasme à l'idée de reprendre les forages à Palos Verdes et l'activité dynamique de la seconde moitié de 2024 de l'entreprise, qui inclut le projet de cuivre Hot Breccia en Arizona.
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:PMOMF) hat mit dem Bohrungen in seinem Projekt Palos Verdes in Mexiko begonnen. Das erste Loch, PV-24-34, ist Teil eines Kooperationsprogramms mit Vizsla Silver Corp. Die erste Phase zielt darauf ab, 1.250 Meter zu bohren, wobei das erste Loch auf 250 Meter geplant ist. Das Programm konzentriert sich auf das Palos Verdes Vensystem westlich einer Verwerfung, unterhalb vorheriger hochgradiger Einschnitte.
Die Bohrungen folgen drei Hauptzielen: die Abwärtsverlängerung eines mineralisierten Schusses zu verfolgen, die Fortsetzung der Venen über eine Querverwerfung zu suchen und die nordöstliche Verlängerung in der Nähe der Mine Jesusita zu testen. Frühere Bohrungen lieferten beeindruckende Ergebnisse, darunter 102 g/t Gold und 3.100 g/t Silber über 0,5 Meter im Loch PV-23-25.
Der CEO von Prismo, Alain Lambert, äußerte seine Begeisterung über die Wiederaufnahme der Bohrungen in Palos Verdes und die aktive zweite Hälfte des Jahres 2024 des Unternehmens, die das Kupferprojekt Hot Breccia in Arizona umfasst.
- Drilling has commenced at the Palos Verdes project, indicating progress in exploration efforts
- Collaborative drilling program with Vizsla Silver Corp, potentially enhancing efficiency and resources
- Previous drilling yielded high-grade intercepts, including 102 g/t gold and 3,100 g/t silver over 0.5 meters
- Company has a fully permitted Hot Breccia copper project in Arizona, diversifying its portfolio
- Drilling preparation took longer than expected due to terrain challenges and safety protocols
- Results from the current drilling program are pending and success is not guaranteed
VANCOUVER, BC / ACCESSWIRE / September 24, 2024 / Prismo Metals Inc. (CSE:PRIZ)(OTCQB:PMOMF)(FSE:7KU) ("Prismo" or the "Company") is pleased to announce that drilling at its Palos Verdes project in Mexico has started. Hole PV-24-34 of this collaborative drilling program with Vizsla Silver Corp's (TSXV:VZLA) ("Vizsla") was collared on Vizsla's property. The planned length of the first hole is 250 meters out of a total expected 1,250 meters in the first phase of the program now underway.
Dr. Craig Gibson, Co-Founder and Chief Exploration Officer of the Company explained: "The goal of the first phase of drilling is designed to explore the vein system to the west of the fault below the zone of bonanza grade intercepts from the previous campaigns. We expect the first hole to cut both the Palos Verdes vein as well as the higher gold-silver vein about 50 meters downdip from the previous intersections. Assays reported from last year's drilling include hole PV-23-25 with 102 g/t gold, 3,100 g/t silver and
As announced on July 31st, 2024, Prismo's team mobilized at Palos Verdes in early August and immediately began preparation for the drill program with strategic partner Vizsla. The plan as designed will allow to test targets on the Palos Verdes concession with greater efficiency by utilizing drill pads located on Vizsla's concessions adjacent to Palos Verdes.
"Getting to this stage is the result of joint efforts from both the Prismo and Vizsla teams in Mexico," said Alain Lambert, CEO of Prismo. "The planning and preparation effort included our team and our driller's team learning Vizsla's safety, work and environmental protocols before work could begin as the drill pads are located on their ground. Also, the type of drill permit obtained by Vizsla allows for sites to be accessed by man-portable equipment. Furthermore, the rugged nature of the terrain required that the access to the site and the site itself be done by hand, lengthening the team's preparation time. We have now reached the drilling phase."
Lambert added: "We are very excited to resume drilling the Palos Verdes vein system which has already returned outstanding results. Combined with our fully permitted Hot Breccia copper project in the heart of the Arizona copper belt, Prismo expects a very active second half of 2024 with multiple drill results from these two world class exploration projects." For more information about the drill campaign, please watch Prismo's latest video at: https://www.youtube.com/watch?v=FX116H1a2qA
"We are eager to resume tracing the high-grade mineralization we've cut previously in the Palos Verdes vein by taking advantage of better hole geometry created by drilling from our Strategic Partner Vizsla Silver's ground," said Dr. Craig Gibson, Co-Founder and Chief Exploration Officer of the Company.
"Drilling farther from the vein outcrops will let us drill Palos Verdes well below the limited depths we could reach from our claims. We deeply appreciate Vizsla's willingness to allow the drilling from their ground and the collaboration from their team down in Mexico."
He commented further on the second hole and expected timing: "The second hole is planned to test a further 50 to 70 meters downdip and may be completed from the same site as the first hole or may be drilled from a second site 100 meters farther from the vein. These holes are expected to take three to four weeks to complete."
Geologic modelling completed after that drilling shows that the Palos Verdes vein system is apparently comprised of at least three discrete structures:
The main Palos Verdes vein with a steep southeast dip located on the west side of the northwest-southeast fault.
A steeply southeast dipping hanging wall vein; and
A relatively flat lying vein that has high gold-silver ratios, similar to those in the western part of the Panuco district where Vizsla Silver has found the Napoleon and Copala resource areas.
Prismo's 3,000-meter drill program follows three main target recommendations made by the Panuco Joint Technical Committee comprised of Prismo's Chief Exploration Officer Dr. Craig Gibson, Vizsla Silver's VP Exploration Dr. Jesus Velador and Advisor Dr. Peter Megaw. The three main goals (See Figs. 2 & 3 below) are:
Trace the down dip extension of the mineralized shoot defined by previous drilling on the southwest portion of the vein.
Seek continuation of the vein on the northeast extension of the vein across a cross-fault believed to have offset the vein downward.
Test the extreme northeasterly extension of the Palos Verdes vein system near the concession limit adjacent to the historical Jesusita mine.
For more information about this news release, please watch Prismo's latest In The News video at: https://www.youtube.com/watch?v=FX116H1a2qA
Present during the In The News interview were: Alain Lambert CEO, Steve Robertson President, Dr. Craig Gibson Co-Founder and Chief Exploration Officer.
Qualified Person
Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations has reviewed and approved the technical disclosures in this news release. Dr. Gibson is also Chief Exploration Officer and a director of the Company.
About Palos Verdes
The Palos Verdes project is located in the historic Panuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia. The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein, a member of the north-easterly trending vein family located in the eastern part of the district outside of the area of modern exploration. Shallow drilling (<100m) conducted in 2018 on the Palos Verdes Vein was targeted 30 to 50 meters beneath largely barren vein outcrops and cut a well mineralized multistage vein two to seven metres wide with narrow intervals of high-grade precious metal values and subordinate base metals (see table of intercepts at www.prismometals.com). This mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.
About Prismo
Prismo (CSE:PRIZ) is mining exploration company focused on two precious metal projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).
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Prismo Metals Inc.
1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6
Contact:
Alain Lambert, Chief Executive Officer
Steve Robertson, President steve.robertson@prismometals.com
Jason Frame, Manager of Communications jason.frame@prismometals.com
Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Palos Verdes and Hot Breccia. The current drill program is being conducted from a concession not owned by the Company and a change in Vizsla's business plan in the drilling area could negatively impact Prismo.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, notably delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: Vizsla will continue to work with Prismo to allow for drilling at Palos Verdes, the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
SOURCE: Prismo Metals Inc.
View the original press release on accesswire.com
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