- Prismo Metals (CSE:PRIZ) has received permit approval for a deep drilling program at its Hot Breccia copper project in Arizona
- The permit approval came from the Bureau of Land Management for 10 drill pads
- The company set a $3.0 million budget to complete a proposed five drill hole, 5,000-metre program, with drilling set to begin by Q3 2024
- Prismo Metals Inc. opened trading at $0.21 per share
Prismo Metals (CSE:PRIZ) has received permit approval for a deep drilling program at its Hot Breccia copper project in Arizona.
The permit approval came from the Bureau of Land Management for 10 drill pads, which will allow for drilling to test the prospective stratigraphy below the cover volcanic rock over a wide area, and in particular a large conductive anomaly.
(Location of the Hot Breccia Project in the Arizona Copper Belt. Source: Prismo Metals Inc.)
Hot Breccia is in the Arizona Copper Belt between Tucson and Phoenix and consists of 14.2 square kilometres and 227 contiguous mining claims. A heliborne Z‐Tipper Axis Electromagnetic (ZTEM) geophysical survey identified a large conductive body at depth below the surface exposure of a large dike swarm. No historic drilling had targeted this newly identified conductive zone identified in the ZTEM survey.
The company set a $3.0 million budget to complete a proposed five drill hole, 5,000-metre program. Each drill hole is intended to drill through the entire Paleozoic carbonate stratigraphy and Prismo anticipates 1,000 metres per drill hole although the exploration team will take advantage of the geological information provided by each drill hole to determine if any holes require extended drilling.
(View of the subsurface looking northeasterly showing the conductive body from the ZTEM survey and cross sections of the Christmas deposit and the Hot Breccia area. Historic drill holes are shown with copper assays as disks within the red ellipse; the magenta color indicates greater than 1 per cent copper. Source: Prismo Metals Inc.)
“Getting the permit approval to proceed with this important drill program is a defining event for Prismo Metals as it marks the first time in five decades that exploration on this attractive target can be activated on a property where historical drillings reported several copper intercepts that exceeded 1 per cent copper and elevated zinc,” the company’s president, Steve Robertson, said in a news release. “This 5,000-metre program will provide critical information on the vectoring needed to lead us to the heart of the yet another mineralizing system in one of the most prolific copper districts on the planet.”
Preparation of a permit to allow drilling at Hot Breccia began in 2023 with a required cultural survey and drilling set to begin by Q3 2024.
Prismo Metals Inc. is a mining exploration company focused on two precious metal projects in Mexico and a copper project in Arizona. The company’s projects include Palos Verdes, Los Pavitos and Hot Breccia.
Prismo Metals Inc. (CSE:PRIZ) opened trading at $0.21 per share and though it is up 2.63 per cent this week, its stock is down 7.31 per cent over the past month.
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(Top image: Prismo Metals Inc.)