Copper's Role in Decarbonization (Article Summary + PRIZ DD) Copper's exceptional electrical conductivity and critical role in energy transmission make it indispensable for the decarbonization and electrification of the global economy, leading to increased demand from emerging clean-energy technologies. As highlighted by The Globe and Mail, copper is poised for further price increases and supply deficits, presenting a strong investment opportunity.
Source: https://www.theglobeandmail.com/investing/markets/indices/SRIT/pressreleases/26350158/the-growing-importance-of-copper/
Focusing on junior exploration, Prismo Metals Inc. (Ticker: PRIZ.c or PMOMF for US investors) distinguishes itself with a diversified portfolio that includes three significant projects, one of which is a promising copper exploration venture.
PRIZ's Hot Breccia project, located in Arizona's copper belt, shows potential for substantial copper mineralization.
Arizona is recognized as a tier-1 mining jurisdiction with a strong copper mining industry. The state's ten major mines produce between 23 and 632 million pounds of copper annually, highlighting the region's supportive mining infrastructure.
This includes essential amenities such as highways, water access, and power lines, as well as established facilities like the Hayden smelter and Asarco concentrator.
The Hot Breccia project covers 1,420 hectares and is situated approximately 4 kilometers south of the historic Christmas mine. The Christmas mine has a rich production history, having produced around 25 million tons of ore, yielding 363 million pounds of copper, 2.1 million ounces of silver, and 55,026 ounces of gold.
Hot Breccia is believed to share the same geology as the Christmas mine, known for its high-grade copper skarn mineralization, though it is covered by volcanic rocks.
PRIZ's most recent exploration results from Hot Breccia revealed samples with copper concentrations of up to 5.69%, along with 0.24 g/t gold and 32.8 g/t silver, suggesting significant porphyry-related mineralization at considerable depths.
With a solid exploration strategy, PRIZ is committed to realizing Hot Breccia's full potential, presenting attractive opportunities for stakeholders in the copper mining sector.
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.