Prismo Metals Inc. (CSE: PRIZ) has signed a contract for the upcoming drill programme of a minimum of 2,500m at its Palos Verdes Project in the Panuco mining district of Sinaloa State, Mexico and drilling will begin in a few days.
The Palos Verdes property is contiguous to the Panuco silver-gold project of Vizsla Silver Corp.
The drill programme is designed to test the 65% of the strike length of the Palos Verdes vein that has not yet been drilled. It is believed that potential for a large ore shoot is present similar to the drilling accomplished by Vizsla Silver on their adjacent land package is present on Prismo’s concession.
Previous drilling has intersected high grade mineralization with the best intercept of 2,336g/t Ag and 8.42g/t Au over a true width estimated at 0.8m within a larger mineralized interval with 1,098g/t Ag and 3.75g/t Au over a true width of 2.3m.
“Following Vizsla Silver’s strategic investment in Prismo in January 2023, when they acquired a 10.1% ownership stake in our company, we have worked with their technical team in Mexico to modify our technical data collection procedures to comply with theirs and plan this next phase of drilling,” Prismo President and CEO, Dr. Craig Gibson, said.
“The upcoming drill programme will begin by testing the Palos Verdes vein to the northeast of the previous intercepts, initially with shallow drilling to confirm the orientation of the vein and followed by deeper holes. The drill programme will consist of ten to 12 holes and is expected to last about two months,” he stated.
The Palos Verdes vein originates on Vizsla’s concession to the south-west of the Palos Verdes concession and has 750m of strike length on Prismo’s ground.
For further information please visit: https://prismometals.com/
