Prismo Metals: Silver drilling started with partner Vizsla!

It may have taken a little longer than some shareholders would have liked, but the drills are now turning at Prismo Metals (WKN A2QEGD / CSE PRIZ). The Canadian explorer wants to investigate a high-grade silver system on its Palos Verde project, where extremely high grades have already been drilled. However, the drill site for this was established on land controlled by Prismo shareholder Vizsla Silver.

The first drill hole this year at Palos Verdes in Mexico (PV-24-34) is expected to cover 250 meters of the total 1,250 meter first drilling phase that has now begun. Prismo mobilized the team at the beginning of August and immediately began preparations for the drilling campaign, which is being carried out in collaboration with Vizsla.

Drill site on Vizsla land allows drilling to greater depths

However, as the drilling site is located on Vizsla land due to its greater efficiency, the Prismo team had to learn the partner’s safety, work and environmental protocols, among other things, which naturally took time. In addition, the site is comparatively difficult to access, which meant that access to the site and the site itself had to be created by hand, which added to the preparation time. The advantage of this approach, however, is that with a drill site further away from the vein outcrops, Prismo will be able to drill Palos Verdes well below the limited depth that could be reached from its own claims.

But now the drilling has definitely started Prismo Metals certainly hopes to achieve similar results as last year, when for example hole PV-23-25 yielded 102 g/t gold, 3,100 g/t silver and 0.26% zinc or 11,520 g/t silver equivalent (!) over 0.5 meters…

The objective of this phase of drilling, explains Dr. Craig Gibson, Co-Founder and Chief Exploration Officer of Prismo Metals, is to explore the vein system west of the Northwest Fault below the zone of extremely high grades from the previous campaigns. According to Dr. Gibson, this first hole is expected to intersect both the Palos Verdes vein and the higher-angle gold-silver vein approximately 50 meters down dip from the previous intercepts.

With the second borehole, Prismo wants to test 50 to 70 meters further down dip. It is possible that this borehole will be drilled from the same location. A location 100 meters further away from the vein is also possible, according to Dr. Gibson. In total, these boreholes should be completed within three to four weeks.

Three priority goals

Prismo is following the recommendations of a joint technical committee consisting of Dr. Gibson, Vizsla Silver’s VP Exploration Dr. Jesus Velador and consultant Dr. Peter Megaw with this 3,000 metre drill program. The committee has defined three primary objectives:

• – trace the down-dip extension of the mineralized shoot defined by previous drilling in the southwestern part of the vein.
• – the search for the continuation of the vein in the north-eastern extension of the vein via a cross-fault, which is assumed to have displaced the vein downwards.
• – Testing the extreme northeast extent of the Palos Verdes vein system near the concession boundary adjacent to the historic Jesusita mine.

Conclusion: Exciting times are dawning at Prismo. Now that the silver price seems to have left the USD 30 per ounce mark behind for the time being, it is certainly a good time to resume drilling the Palos Verdes vein system. Especially as the company has already achieved outstanding results there. In addition, Prismo still has an extremely exciting copper project in Hot Breccia in the heart of the Arizona copper belt. According to the company, a “very active” second half of the year can be expected – with numerous drill results from both projects. We are excited!