The Hot Breccia Copper Project & Surging Copper Prices As highlighted in the Mining.com article below, copper prices have surged to a 14-month high driven by increased investor interest due to supply concerns and optimism surrounding global demand recovery.
Major mines facing disruptions have led to steep prices for ore, with Chinese plants considering joint output cuts. Additionally, Signs of growth in the global manufacturing sector offer hope for further price increases and India's infrastructure spending and the global demand for AI technology also contribute to optimism.
https://www.mining.com/web/copper-price-jumps-to-new-14-month-high-on-supply-risks-demand-hopes/
Within the copper exploration sector, Prismo Metals Inc. (Ticker: PRIZ.c or PMOMF for US investors) boasts a market capitalization still below C$10 million, yet it holds promise in the copper and precious metal sectors with three strategically positioned projects.
PRIZ aims to leverage the potential of copper-gold mineralization following historical drilling triumphs at its Hot Breccia Project.
Nestled within Arizona's prolific copper belt and neighboring past-producing mines, PRIZ's Hot Breccia Project has unveiled a rich history of historical drilling that has revealed significant copper-gold mineralization. Noteworthy intercepts from these drill holes illuminate the project's bright prospects for exploration.
Recent strides in PRIZ's exploration efforts at Hot Breccia have led to substantial discoveries. Samples retrieved showcase impressive grades, with copper reaching up to 5.69%, accompanied by 0.24 g/t of gold and 32.8 g/t of silver.
These findings strongly suggest the existence of extensive porphyry-related copper mineralization buried at depth.
The breccia pipes dotting the project site harbor a diverse array of lithologies, encompassing sedimentary rocks alongside mineralized garnet and magnetite skarn.
Furthermore, historical drilling records indicate instances of hydrothermal alteration within the volcanic formations, further enhancing the project's allure.
Amidst a bullish copper backdrop, PRIZ emerges as a promising player in the copper exploration sector, with Hot Breccia presenting a compelling opportunity with significant historical drilling successes and recent promising discoveries.
With robust exploration efforts and encouraging findings, Prismo Metals Inc. stands poised to capitalize on the flourishing copper market and deliver value to investors in the foreseeable future.
More here: https://prismometals.com/prismo-metals-assays-up-to-5-69-copper-at-the-hot-breccia-project-in-the-arizona-copper-belt
Posted on behalf of Prismo Metals Inc.