The way is clear: Prismo Metals receives drill permit for copper project Hot Breccia!

The timing is promising. While industry giants such as mining mogul Robert Friedland recently warned of a “copper crisis”, Canada’s After Prismo Metals (WKN A2QEGD / CSE PRIZ) has now received approval for an initial drill program at its Hot Breccia copper project in southern Arizona. Which means that preparations for the first drilling program in 50 years can now begin on the promising property!

Prismo has already submitted a bond to the Bureau of Land Management (BLM), completing the final step necessary before drilling can begin. The company initially plans to drill five holes totaling 5,000 meters at Hot Breccia to test the promising stratigraphy beneath the volcanic rock cover and in particular the large conductive anomaly discovered during a ZTEM geophysical survey in 2023.

The company also carried out mapping, inspections and sampling on the project last year. And all of these measures supported the target generation and selection process! While drilling is being carried out on the selected targets, the exploration geologists will use the information obtained virtually “live” to determine whether individual drill holes justify or require an extension of work.

Prismo Metals picks up the pace

As Prismo also announced after receiving the BLM permit, the preparatory work will be carried out as quickly as possible. This will be aided by the use of existing road infrastructure from the 1970s (when drilling last took place on Hot Breccia), which requires only minor repair and maintenance work. So as soon as the BLM has confirmed receipt of the deposit, the company will commence this work so that the first copper drilling can hopefully be carried out as planned in the third quarter of this year. According to the company, the planned budget for the drilling work is around CAD 3 million.

The mineralized target that Prismo is going after was last investigated 50 years ago. As Steve Robertson, President of Prismo Metals, explains, back then several drill intercepts were found to contain more than 1% copper and elevated zinc values. Since then, however, one of the most important copper deposits in the world (Resolution) has been discovered just 40 kilometers away, which shows what is possible in the region!

Conclusion: The receipt of the drilling permit for Hot Breccia is a critical milestone for Prismo Metals. For the first time in 50 years, an attractive target can be tested with drilling, while in the meantime a huge copper deposit has been proven in the immediate vicinity. The planned initial 5,000 meters drill program, which is yet to be funded, will provide Prismo with critical information to approach the center of another potential mineralized system in one of the richest copper districts in the world.