Prismo Metals (CSE:PRIZ) Commences 2023 Drilling Operation at Palos Verdes, Eyeing Undrilled Vein Lengths and Potential Ore Shoot

Figure 1. Geologic map of the Palos Verdes and adjacent concessions. Source: Prismo Metals

In a recent update from Prismo Metals (CSE: PRIZ), the company announced the commencement of their eagerly anticipated 2023 drilling expedition at the Palos Verdes Project, situated in the Panuco mining district, Sinaloa State, Mexico.

The company’s focus is on a comprehensive drill operation, spanning a minimum of 2,500 meters, aimed at exploring 65% of the undrilled strike length of the Palos Verdes vein, as well as other veins identified on the surface. Prismo’s exploration territory is believed to house a sizeable ore shoot, bearing resemblances to the ones unearthed by Vizsla Silver Corp. (TSXV: VZLA) on neighboring plots.

Dr. Craig Gibson, President and CEO of Prismo Metals, commented in a press release: “We are excited to begin drilling along the Palos Verdes vein in areas that were not previously accessible for drilling. The upcoming drill program 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 to be followed by deeper holes. A ten to fifteen-hole program that will take two months to complete is currently underway,” he stated.

The Palos Verdes Project shares borders with Vizsla Silver Corp.’s Panuco silver-gold endeavor. The Palos Verdes vein, with a strike length of 750 meters on Prismo’s turf, originates from Vizsla’s concession located south-west of Palos Verdes (refer to Fig. 1 for details).

Figure 2. 3D plan view of drilling at Palos Verdes with existing (colored) and planned holes (gray). Fault zone in blue. Source: Prismo Metals

Historical drilling operations have revealed high-grade mineralization, with the most promising intercept recorded at 2,336 g/t Ag and 8.42 g.t Au across an actual width estimated at 0.8 meters. This is part of a larger mineralized span boasting 1,098 g/t Ag and 3.75 g/t Au over a true width of 2.3 meters.

The Palos Verdes project finds its home in the renowned Pánuco-Copala silver-gold district in the southern part of Sinaloa, Mexico. Positioned roughly 65 kilometers NE of Mazatlán, Sinaloa, within the Municipality of Concordia, the Palos Verdes concession encompasses 700 meters of the Palos Verdes vein’s strike length. This particular vein, a component of the north-easterly trending vein family, is located in the eastern section of the district, beyond the scope of modern exploration.

Figure 3. 3D perspective view of drilling at Palos Verdes looking NW with existing and planned holes. Source: Prismo Metlas

Initial shallow drilling (<100m) conducted in 2018 on the Palos Verdes Vein, aimed at regions 30 to 50 meters beneath mostly barren vein outcrops, resulted in a multistage vein discovery measuring two to seven meters in width. This vein carried thin intervals of high-grade precious metal values along with minor base metals. This mineralization remains open in all directions and the current drilling scheme is devised to trace it along its strike and depth.

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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