- Prismo (PRIZ) has started its 2023 drilling campaign at its Palos Verdes Project in the Panuco mining district of Sinaloa State, Mexico
- The company will complete a drill program of a minimum of 2,500-meter program to test the 65 per cent of the strike length of the Palos Verdes vein
- Prismo is a junior mining company which focuses on exploration of natural resources
- Prismo Metals Inc (PRIZ) stock is down 1.54 per cent, trading at C$0.32 per share at 10:48 am ET
Prismo (PRIZ) has started its 2023 drilling campaign at its Palos Verdes Project in the Panuco mining district of Sinaloa State, Mexico.
The company will complete a drill program of a minimum of 2,500-meter program to test the 65 per cent of the strike length of the Palos Verdes vein that has not yet been drilled, along with some other veins mapped at the surface.
It is believed that potential for a large ore shoot is present on Prismo’s concession, similar to the drilling accomplished by Vizsla Silver Corp. on their adjacent land package.
About Palos Verdes property
The Palos Verdes project is located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico. It is approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia. The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein, a member of the north-easterly trending vein family. It is located in the eastern part of the district outside of the area of modern exploration.
Shallow drilling (<100m) conducted in 2018 on the Palos Verdes Vein was targeted 30 to 50 meters beneath largely barren vein outcrops and cut a well mineralized multistage vein two to seven metres wide with narrow intervals of high-grade precious metal values and subordinate base metals. This mineralization is open in all directions and the current planned drilling program is designed to follow it along strike and to depth.
The Palos Verdes property is contiguous to the Panuco silver-gold project of Vizsla Silver Corp. The Palos Verdes vein originates on Vizsla’s concession to the south-west of the Palos Verdes concession and has 750 meter of strike length on Prismo’s ground.
Previous drilling has intersected high grade mineralization with the best intercept of 2,336 g/t Ag and 8.42 g.t Au over a true width estimated at 0.8 meters within a larger mineralized interval with 1,098 g/t Ag and 3.75 g/t Au over a true width of 2.3 meters.
About Prismo
Prismo is a junior mining company which focuses on exploration of natural resources. Its two precious metal projects include Palos Verdes and Los Pavitos in Mexico and a copper project in Arizona (Hot Breccia).
Prismo Metals Inc (PRIZ) is down 1.54 per cent, trading at C$0.32 per share at 10:48 am ET.
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