As highlighted in a recent Mining.com article, Increased investor interest in copper is fueled by concerns over supply disruptions and optimism surrounding the global demand recovery. Major mines facing disruptions have resulted in steep prices for ore, prompting Chinese plants to consider joint output cuts. Moreover, signs of growth in the global manufacturing sector provide hope for further price increases. India's infrastructure spending and the global demand for AI technology also contribute to this positive outlook.
Within the thriving copper sector, Prismo Metals Inc. (Ticker: PRIZ.c or PMOMF for US investors) boasts a trio of projects primed to enhance value in both the precious metal and copper sectors all with a market capitalization still below C$8 million,
In the heart of Mexico's Panuco District lies the Palos Verdes Project, epitomizing PRIZ's dedication to comprehensive exploration. With 6,000 meters drilled and all necessary permits secured, Palos Verdes has emerged as a focal point for substantial discoveries. Notably, drill hole PV-23-25 revealed impressive results with 102 grams per tonne (g/t) of gold and 3,100 g/t of silver over 0.5 meters, translating to an impressive 11,520 g/t silver equivalent. These findings underscore the project's considerable value proposition, bolstered by strategic collaborations, such as with Vizsla Silver.
Strategically located in proximity to past-producing mines, PRIZ's Hot Breccia Project has witnessed significant copper-gold mineralization through historical drilling efforts. Highlights include instances of hydrothermal alteration and copper intercepts exceeding 1%, painting a compelling picture of the project's exploration prospects.
Recent advancements at Hot Breccia have also unveiled significant discoveries. Samples retrieved from the site exhibit copper content reaching as high as 5.69%, accompanied by 0.24 g/t of gold and 32.8 g/t of silver.
These findings suggest the presence of extensive porphyry-related copper mineralization buried at depth. Additionally The breccia pipes scattered across the project site host a diverse range of lithologies, including sedimentary rocks intermingled with mineralized garnet and magnetite skarn.
Finally, PRIZ's Los Pavitos Project surrounds several smaller concessions that include numerous small historic workings, hinting at significant mineralization potential. Reconnaissance efforts at Los Pavitos have yielded metal values indicating the presence of valuable mineral deposits.
With over 6,000 meters drilled at Palos Verdes, recent results from Hot Breccia and promising historical results from Los Pavitos, PRIZ remains well-positioned to deliver returns in the dynamic exploration sector. Through ongoing exploration initiatives and strategic partnerships, PRIZ adeptly navigates the complexities of mineral exploration with precision and purpose.
Full press release: 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.