First Phase Targets Deeper Vein System
It may have taken a bit longer than some shareholders would have liked, but now the drills are turning at
This year’s first drill hole at Palos Verdes in Mexico (PV-24-34) is set to cover 250 meters of the 1,250-meter first drilling phase that has now begun. Prismo had mobilized the team in early August and immediately started preparations for the drilling campaign, which is being conducted in collaboration with Vizsla.
Location on Vizsla Land Allows Drilling to Greater Depth
However, since the drill site is located on Vizsla’s property due to greater efficiency there, the Prismo team had to learn the partner’s safety, work, and environmental protocols, which naturally took time. Additionally, the terrain is relatively difficult to access, necessitating that the access to the site and the site itself had to be prepared by hand, further extending the preparation time. The advantage of this approach, however, is that it allows Prismo to drill Palos Verdes far below the limited depth that could be reached from their own claims, with a drill site further away from the vein outcrops.
Now, drilling has certainly begun. At Prismo Metals, they are surely hoping to achieve similar results as last year, when, for example, drill 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 goal of this drilling phase, 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 with extremely high grades from previous campaigns. According to Dr. Gibson, it is expected that this first drill hole will intersect both the Palos Verdes vein and the higher-level gold-silver vein about 50 meters down-dip from the previous intersections.
With the second drill hole, Prismo aims to test 50 to 70 meters further down-dip. This drilling may be conducted from the same drill site. A site 100 meters further away from the vein is also possible, according to Dr. Gibson. In total, these drillings should be completed within three to four weeks.
Three Priority Targets
With this 3,000-meter drilling program, 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. The committee has defined three priority targets:
– Follow the down-dip extension of the mineralized shoot defined by previous drilling in the southwestern part of the vein.
– Search for the continuation of the vein in the northeastern extension of the vein across a cross-fault believed to have downthrown the vein.
– Test the far northeastern extension of the Palos Verdes vein system near the concession boundary next to the historic Jesusita mine.
Conclusion: Exciting times are ahead for Prismo. Now that the silver price seems to have left the $30 per ounce mark behind for the time being, it’s certainly a good time to resume drilling the vein system at Palos Verdes. Especially since the company has already achieved outstanding results there. Additionally, Prismo has an extremely exciting copper project with Hot Breccia in the heart of Arizona’s copper belt. According to the company, a “very active” second half of the year is expected – with numerous drilling results from both projects. We’re eager to see what unfolds!
