CSE:PRIZ - Post Discussion
Post by
MarketMakerss on Apr 25, 2024 1:52pm
Freeport McMoRan on Copper's Outlook
"I've never been more enthusiastic on the outlook for copper"
With copper production surging by 33% year-on-year in the first quarter, and prices climbing from around 370 a pound to 440 a pound, Freeport-McMoRan Chairman and CEO, Richard Adkerson, expressed optimism for the copper market in a recent interview: https://youtu.be/TGFUFKl14Pk?si=MzEQp2TccEDsVOCO Attributing the positive outlook to increasing demand and challenges in meeting supply, with China, the world's largest consumer of copper, driving growth in its grid and green economy, Adkerson emphasized the importance of a long-term focus and effective execution.
Unearthing Copper and Precious Metal Treasures in Arizona and Mexico
Amid flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors, copper offers a clear opportunity and Prismo Metals (PRIZ.c PMOMF) is positioned to benefit with its Arizona copper project, the Hot Breccia Project.
Boasting a tight share structure and significant ownership from both management and strategic partners, including Vizsla Silver (VZLA.v VZLA), PRIZ additionally holds two precious metals projects in Mexico, Palos Verdes and Los Pavitos.
As detailed during the latest interview with Gold Newsletter, PRIZ is aiming to be active on all three of its properties in 2024, with assay results and on-site campaigns expected in the coming months: https://youtu.be/WbXxz4vT8TA?si=zDtWTlwBluwwKhnm Located in the world famous Arizona copper belt near the historic Christmas Mine, PRIZ's Hot Breccia Project boasts positive historic drilling and exploration activity.
Surrounded by significant copper deposits in the region, including the Ray Mine and Hayden Smelter area, Hot Breccia encompasses 1,420 hectares with the same geology as the Christmas Mine which will be used as a model for mineralization.
Notably, the project is associated with intermediate intrusive rocks and favorable sedimentary rocks and past production saw ~25Mt of ore with 363Mlb Cu, 2.1Moz Ag and 55.o26oz Au.
PRIZ's fully permitted Palos Verde Project is located within the historic Panuco-Copala silver-gold district in Sinaloa Mexico, the same district as Vizsla's discoveries.
Encompassing 22.77 hectares with 6,000m drilled in 33 holes thus far, the project is known for numerous veins with rich historical production and has hit bonanza grade intercepts in the mineralized shoot.
Notably, PRIZ has partnered with Vizsla for Palos Verdes and, having collaborated on the exploration plans, PRIZ is aiming to drill into the system from the top of the hill where an anomaly at depth has been identified using detailed mapping, sampling, and geophysics.
Furthermore, VZLA's recent acquisition of more land in the region through a large claim package along a highly-prospective structural trend is expected to increase the value of proximal land, including Palos Verde. (Source: https://twitter.com/airic101/status/1780256686864744690) With ongoing exploration including 2,370m already drilled, Los Pavitos is PRIZ's second fully permitted project targeting a multi-million ounce high grade orogenic gold deposit.
The largely unexplored project provides an opportunity to explore for a deposit similar to those discovered and put into production over the last two decades in the northwestern Caborca Gold Belt which has provided over 15-20M oz of Au resources and gold production totaling over 5M oz.
Posted on Behalf of Prismo Metals Inc.
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