- Prismo Metals (RIZ) gets environmental permit extension and mobilizes crew for drilling at Palos Verdes
- This will start in the first week of August, and crews have been mobilized to the project, and preparation of the drilling sites is ongoing
- The drill program is designed to test the Palos Verdes vein and a structural intersection with a second vein at depths where the potential for a large ore shoot is present
- A minimum 2,000-meter program has been contracted
- Prismo Metals (PRIZ) is up over 3.50 per cent, trading at C$0.22 at 12:40 pm EST
Prismo Metals (PRIZ) has received an environmental permit extension, allowing drilling at its Palos Verdes project in Sinaloa State, Mexico.
Drilling will start in the first week of August, crews have been mobilized, and preparation of the drilling sites is ongoing.
The agency responsible for environmental regulation in Mexico, Semarnat, has issued an extension to the original drill permit that allowed drilling on existing roads.
Semarnat is also continuing its review of an additional application for a permit for new road construction.
The drill program is designed to test the Palos Verdes vein and a structural intersection with a second vein at depths where it is believed that potential for a large ore shoot is present, similar to the drilling accomplished by Vizsla Silver on its adjacent land package.
A minimum 2,000-meter program has been contracted.
Previous shallow drilling intersected high-grade mineralization with the best intercept of 2,336 g/t silver and 8.42 g.t gold over a width estimated at 0.8 meters within a larger mineralized interval with 1,098 g/t Ag and 3.75 g/t Au over an actual width of 2.3 meters
Regarding the drill program, Dr. Craig Gibson, President and CEO of the company, was pleased to start drilling. “We will be able to test the vein several hundred meters underneath the surface exposures.”
Prismo is a junior mining company focused on precious metal exploration in Mexico.
Prismo Metals (PRIZ) is up over 3.50 per cent, trading at C$0.22 at 12:40 pm EST.