March, 6 2023 Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) has recently received authorization to commence drilling on approximately 70% of the Palos Verdes vein strike length in the Panuco-Copala district of Sinaloa, Mexico. This area was previously inaccessible for drilling, but a crew has been mobilized to prepare new drill sites for a portable rig, and drilling is scheduled to start in early April.
The Palos Verdes vein is contiguous to Vizsla’s property, and the drill program aims to test the vein’s strike length, which was not previously accessible until now. The program is designed to expand on the positive results from past drilling and expand the area of the high-grade mineralized shoot to the northeast of the Palos Verdes tunnel.
Dr. Craig Gibson, President and CEO of the Company, stated, “We are pleased to be able to access the remaining portion of the Palos Verdes concession to conduct a program to test the Palos Verdes vein along strike from the previous drilling. The program is designed to expand on the positive results from our past drilling and expand the area of the high-grade mineralized shoot to the northeast of the Palos Verdes tunnel.”
The planned drilling program will test the area to the northeast along the strike to expand the mineralized body. Dr. Gibson, a Qualified Person as defined by NI-43-01 regulations, has reviewed and approved the technical disclosures in this news release.
In January, Vizsla Silver Corp. (TSXV: VZLA) concluded a strategic investment in Prismo, resulting in Vizsla owning 10.1% of Prismo. Prismo and Vizsla have agreed to form a technical committee to pursue district-scale exploration of the Panuco silver-gold district, and the companies are looking forward to working together to design the next phase of drilling at Palos Verdes.
The Palos Verdes project is located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico. The Palos Verdes concession 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.
Prismo is a mining exploration company focused on two precious metal projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).