Prismo Metals Inc. (CSE: PRIZ, OTCQB: PMOMF) is gearing up to initiate a highly anticipated drill program at its Palos Verdes silver project in Sinaloa, Mexico, following the recent completion of a CAD 1.15 million financing.
The company is now ready to mobilize equipment and start drilling operations as shared by CEO Alain Lambert in a recent corporate announcement.
The extended drilling campaign at Palos Verdes will include ten drill holes spanning a total of 3,600 meters, divided into two phases.
Notably, these new drill holes will be executed from the adjacent property owned by Vizsla Silver (VZLA.v), which holds a 9% stake in Prismo Metals and has a vested interest in the project’s success.
The primary goal of the upcoming drilling is to intersect the Palos Verdes vein at depth, leveraging the promising results of prior studies and samplings.
In 2023, Prismo Metals conducted an alteration study and geochemical sampling that yielded positive results. These findings suggest that the mineralized vein previously delineated in the western part of the property may have been truncated and down-dropped along a cross-fault.
In 2023 Prismo Metals also completed a third drilling program at Palos Verdes, consisting of 15 holes totaling 2,923 meters, which encountered high-grade mineralization in several instances.
Drill hole PV-23-25 returned significant values of 102 g/t gold, 3,100 g/t silver, and 0.26% zinc over 0.5 meters, equating to an impressive 11,520 g/t silver equivalent.
With the upcoming drilling, there is the exciting possibility of a second "blind" vein occurring northeast of the Palos Verdes vein. Dr. Peter Megaw, an advisor to Prismo noted that discovering blind veins is particularly thrilling as it mirrors several discoveries made by Vizsla Silver in the western part of the district.
With the prices of silver and gold remaining strong, currently above USD 29 per ounce and USD 2,300 per ounce respectively, the market is poised to respond positively to successful drill results from Prismo Metals. As the company advances its exploration efforts at Palos Verdes, stakeholders and investors will be keenly watching for updates and results from this promising venture.
Full article here: https://goldinvest.de/prismo-metals-drill-program-at-silver-project-palos-verdes-imminent/
Posted on behalf of Prismo Metals Inc.