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Prismo Metals Inc C.PRIZ

Alternate Symbol(s):  PMOMF

Prismo Metals Inc. is a Canada-based mining exploration company. It is focused on two precious metal projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia). The Palos Verdes is an intermediate stage exploration project located about 65 kilometers (km) northeast of Mazatlan in Sinaloa State, Mexico and is accessed via the interstate highway from Mazatlan to Durango near the village of Santa Lucia. The property includes one concession, Palos Verdes, comprising 22.7707 hectares. The Los Pavitos is an early-stage exploration project located in the Alamos area of Sonora State, Mexico. The project consists of one concession, Los Pavitos Reduccion, that covers 5,289 hectares. The concession is located on the paved highway between Navajoa and Alamos at about the 17 km marker. The Hot Breccia project is located in the Arizona Copper Belt. Hot Breccia project includes 227 mining concessions that lie about four kilometers from the historic Christmas mine.


CSE:PRIZ - Post by User

Post by MarketMakersson Jul 30, 2024 3:11pm
76 Views
Post# 36154901

Inside Exploration Report on the Hot Breccia Project

Inside Exploration Report on the Hot Breccia ProjectThe Hot Breccia Project Report From Inside Exploration: https://insidexploration.com/the-hot-breccia-project-prismo-metals-inc/
 
Canadian exploration company,  Prismo Metals (PRIZ.c PMOMF), is focused on acquiring, exploring, and developing base and precious metal projects in the USA and Mexico and is set to commence a 5,000m drill program in Q3 at its Hot Breccia Copper Project.
 
Key Projects:
  1. Hot Breccia Property (Arizona, USA):
    • Flagship property consisting of 1,420 hectares of mining claims.
    • Located within the Arizona Copper Belt, near several active and historic copper, gold, and silver mines.
    • The property hosts hydrothermal breccia pipes and has shown promising mineralization from recent sampling and historical drilling.
  2. Palos Verdes Project (Mexico):
  3. 22.8 hectares in the Pnuco-Copala silver-gold district in Sinaloa.
  4. Funded by Vizsla Silver, which holds a 9.6% stake in Prismo.
  5. 5,289 hectares in Sonora, generated by Cascabel.
  6. Situated within a well-established orogenic gold belt.
  7. Los Pavitos Project (Mexico):
 
Historical Context:
  • The Arizona Copper Belt is a significant copper-producing region, accounting for about 68% of U.S. copper production.
  • The region's history of mining dates back to the late 1500s, with major developments occurring from the mid-1800s onwards.
 
Exploration History:
  • Initial exploration documented by the USGS, highlighting the region's geological potential.
  • The Christmas mine was one of the first mines to be developed and it consistently produced copper ore grading from greater than 2% with gold and silver byproducts for total production of ~392.9 million lbs of copper
  • Modern exploration initiated by Conoco Inc. and Bear Creek Mining in the 1970s.
  • Operated under a JV between Rio Tinto and BHP, the Resolution Mine is the most recent discovery being considered for production with a 1.8 billion ton reserve grading 1.53% copper, making it the highest grade operation in the region.
  • Prismo Metals acquired the Hot Breccia Property in 2023, conducting ZTEM surveys and sampling programs.
 
Recent Developments:
  • ZTEM survey identified a large conductive body at depth, similar in size to the high-grade Resolution deposit nearby.
  • Property is host to a cluster of hydrothermal breccia pipes originating from at least 1km depth
  • Small sampling programs have reported grades of up to 5.69% copper
  • Ongoing permitting for a 5,000-meter drill campaign to explore the ZTEM anomaly and shallow gold targets.
 
In leveraging historical data and modern exploration techniques to advance its projects in prolific mining regions, PRIZ has significant potential for large mineral deposits at depth, particularly at the Hot Breccia Property and the company's strategic approach and technological advancements position it for potential discoveries in the near future.
 
Posted on Behalf of Prismo Metals Inc.
 
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