- Prismo Metals Inc. has identified a priority drill target at its Hot Breccia copper project in Arizona
- A heliborne ZTEM geophysical survey identified a large conductive body at depth below the surface exposure of a large dike swarm
- Drilling of deep holes, possibly including a twin of a historic hole, is planned by the company as sampling at the project has shown the presence of copper and gold mineralization
- Prismo Metals Inc. last traded at $0.17 per share
Prismo Metals Inc. (CSE:PRIZ) has identified a priority drill target at its Hot Breccia copper project in Arizona.
Hot Breccia is in the Arizona Copper Belt between Tucson and Phoenix and consists of 14.2 square kilometres and 227 contiguous mining claims. A heliborne ZTEM geophysical survey identified a large conductive body at depth below the surface exposure of a large dike swarm. No historic drilling had targeted this newly identified conductive zone identified in the ZTEM survey.
Drilling of deep holes, possibly including a twin of a historic hole, is planned by the company as sampling at the project has shown the presence of copper and gold mineralization associated with polymictic breccia that has brought fragments of sedimentary rocks and mineralization to the surface from depths believed to be 400 to 800 metres below the surface. Gold mineralization with local copper has also been encountered at the surface.
“The ZTEM survey conducted in 2023 has identified a priority conductive anomaly at depth that appears to be related to a dike swarm with associated polymictic breccia,” the company’s president and CEO, Craig Gibson, said in a news release. “We are looking forward to drilling this target which has characteristics that are similar to the mineralized copper and base metal deposits at the adjacent Christmas mine, an important historic producer and location of an unmined porphyry copper deposit owned by Freeport. The project is also located along the trend of several very large porphyry copper deposits, including Resolution, 40 km to the north, and San Manuel/Kalamazoo 35 km to the south.”
The team noted anomalous copper and gold assays locally present at the surface in this area, and high-grade copper and zinc assays are present above this anomaly in historic drill holes completed by major copper producers in the 1970s and early 1980s.
Preparation of a permit to allow drilling at Hot Breccia began in 2023 with a required cultural survey. It is anticipated that the permit will be in-hand in Q1 2024.
Prismo Metals Inc. is a mining exploration company focused on two precious metal projects in Mexico and a copper project in Arizona. The company’s projects include Palos Verdes, Los Pavitos and Hot Breccia.
Prismo Metals Inc. last traded at $0.17 per share and though it is down 55.7 per cent in the past year, its stock is up 17.24 per cent over the past month.
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