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Dear Jason,
Welcome to our September 2024 newsletter! We're excited to share the latest updates on our exploration activities, particularly the drilling progress at our Palos Verdes project.
The highlight of this month is undoubtedly the commencement of drilling at Palos Verdes. Our team, in collaboration with our strategic partner Vizsla Silver, has successfully initiated a 1,250-meter first-phase drilling program. The first phase of the program is designed to explore the Palos Verdes vein system below the zone where we previously encountered exceptionally high-grade mineralization, including an intercept of 11,520 g/t AgEq over 0.5 meter. The first hole, PV-24-34, is currently underway, targeting both the Palos Verdes vein and the higher gold-silver vein located approximately 50 meters downdip from previous intersections. By drilling from Vizsla's adjacent property, we're able to achieve better hole geometry and access deeper targets than would be possible from our own concessions. Vizsla's generosity in allowing us to drill from their property, coupled with their team's on-the-ground support, has been instrumental in advancing our exploration efforts at Palos Verdes.
For a more in-depth look at the Palos Verdes drilling program and its significance, we invite you to watch our latest "In The News" video, featuring myself, President Steve Robertson, and Chief Exploration Officer Dr. Craig Gibson. You can find it here: In the News — Drilling Has Started at the Palos Verdes Project.
Meanwhile, at Hot Breccia, we continue to advance our understanding of the project's geology and mineralization. The recent acquisition of historical data from Bear Creek Mining (former subsidiary of Kennecott Copper, now part of Rio Tinto) has strengthened our confidence in the project's potential. This data includes a complete log and assays for historical drill hole OC-1, which, unlike our previous partial data, reveals that it intersected not only volcanic rocks but also a significant interval of mineralized quartz diorite porphyry at depth. This porphyry zone includes a mineralized section with encouraging copper grades. Interestingly, one of the breccia fragments near OC-1 returned a high-grade copper assay of 5.69% when we sampled it. We're excited to apply this new knowledge, along with the geological interpretations from Bear Creek's drilling campaign, to our upcoming 5,000-meter drilling program.
We also want to highlight our successful participation in the Metals Investor Forum in Vancouver this month. We had the opportunity to present our latest exploration progress and engage with investors and industry professionals. The presentation replay is now available to watch, and we encourage you to also watch our backstage interview with Robert Sinn of Goldfinger Capital for further insights. Video links below:
1. Presentation at MIF September 2024
2. MIF Backstage Interview with Robert Sinn of Goldfinger Capital
Looking ahead, we're excited to connect with you at the following upcoming conferences in October & November: International Investment Forum, the Swiss Mining Institute, Deutsche Goldmesse, and the New Orleans Investment Conference.
We're incredibly excited to resume drilling at the Palos Verdes vein system, which has already returned outstanding results. Combined with the fully permitted Hot Breccia copper project in the heart of the Arizona copper belt, we anticipate a very active second half of 2024, with multiple drill results expected from these two world-class exploration projects.
We appreciate your continued support and interest in Prismo Metals. Stay informed about our progress – follow us on social media and subscribe to our newsletter for the latest updates!
Warm regards,
Alain Lambert
CEO of Prismo Metals
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