"Probably the best copper play I've ever seen!" - Gold Invest on Prismo Metals (PRIZ.c PMOMF): https://www.youtube.com/watch?v=ITCNH5Y3vAc
In talking to CEO Alain Lambert and President Steve Robertston, Prismo Metals (PRIZ.c PMOMF) is advancing two significant projects: the Hot Breccia copper project and the Palos Verdes silver project.
Projects Overview
Hot Breccia Copper Project:
- Location: Proximity to the Resolution deposit, a joint venture by BHP and Rio Tinto.
- Status: Recently received permits, ready to start exploration.
- Budget: $2 million US for 5,000 meters of drilling.
- Significance: Potential to be a significant copper exploration story.
Palos Verdes Silver Project:
- Location: Bonanza-style vein district in Mexico, surrounded by Vizsla Silver.
- Status: 6,000 meters drilled; next phase of drilling imminent.
- Highlights: High-grade silver findings with a best hit of 112 kilos of silver equivalent per ton.
Future Plans and Financing
- Financing: Confident in raising the needed funds for Hot Breccia.
- Investor Interest: High interest from investors, particularly in Europe.
- Other Projects: The Los Pavitos gold project shows promising early results but requires further exploration.
Summary for Investors
- Strengths: Experienced team, high-potential projects in copper, silver, and gold & strong share structure with significant insider ownership.
- Opportunities: Potential for world-class discoveries in both copper and silver projects.
- Market Cap: Approximately $11 million with 53.3 million shares outstanding.
Set to commence a 5,000m drill program in Q3 at Hot Breccia, PRIZ presents a compelling investment opportunity due to its strategic projects, experienced team, and strong potential for significant mineral discoveries in the near term.
Posted on Behalf of Prismo Metals Inc.