Looking for copper elephants in Arizona? Amid copper surpassing all-time highs, Prismo Metals (PRIZ.c PMOMF) has emerged as an up and coming copper producer looking for copper elephants in Arizona at its Hot Breccia Project.
As highlighted by CriticalInvestor, PRIZ is "Guided by geological experts like the famous Peter Megaw PhD as Technical Advisor", who "believes Hot Breccia could host a very large copper system, potentially akin even to the nearby, monstrous Resolution deposit, which is owned by a Rio Tinto/BHP JV": https://criticalinvestor.eu/prismo-metals-looking-for-copper-elephants-in-arizona/
Given "management has obtained enough data and information to support a geological concept that could lead to such a discovery", the company believes Hot Breccia could represent the same geological concept as the nearby colossal Resolution deposit, at depth. Combined with evidence pointing towards mineralization directly on the other side of an intrusion, PRIZ is likely on the precipice of a substantial discovery.
Located in the world famous Arizona copper belt, near the historic Christmas Mine, Hot Breccia is an underexplored 1,420ha greenfield project with known historic intercepts including 26m @ 0.54%Cu, 20m @ 1.4%Cu, 8m @ 1.73% Cu plus 5m @ 1.4% Cu.
Boasts the same geology as the Christmas Mine, PRIZ will be using Christmas as a model for mineralization as geological data implies copper mineralization underneath a 400m thick volcanic layer.
As drill permits for Hot Breccia are about to be issued, PRIZ is preparing for a busy summer with a range of catalysts expected including the closing of the first C$1.1M private placement, the raising of $3M and the start of 5 months and 5,000m of drilling at Hot Breccia.
Posted on Behalf of Prismo Metals Inc.