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Dear Jason,
Welcome to our June 2024 newsletter! I hope this update finds you well, and I want to thank you for taking the time to stay informed about our progress. It's been a busy and exciting month for Prismo Metals, and we're thrilled to share some important updates with you.
This month, we reached a major milestone by closing the financing that will enable drilling at our Palos Verdes project. Securing this funding wasn't easy, but with the unwavering support of our shareholders, we're now ready to take the next big step.
On the project front, we eagerly await the imminent release of the drill permit for our Hot Breccia copper project in Arizona. Meanwhile, preparations are in full swing to mobilize our drilling program at Palos Verdes in Sinaloa, Mexico. The expanded drilling program will consist of approximately 3,600 meters across ten holes, to be completed in two phases, and will target the Palos Verdes Vein at depth. The new holes will be drilled from the concessions of Vizsla Silver (TSXV: VZLA), our strategic partner in Panuco. We'll keep you updated as we make progress on both of these exciting projects.
June was also a month of increased visibility and engagement for Prismo Metals. We participated in a series of interviews and produced four new videos that offer in-depth insights into our company, projects, and the broader mining & metals sector. If you haven't had a chance to watch them yet, I highly recommend checking them out:
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Hot Breccia Site Visit Video with Kai Hoffmann: Take a virtual tour of our Hot Breccia project and learn about its unique geology and potential.
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An In-Depth Update on Prismo Metals with Robert Sinn: Get a comprehensive update on our company and projects, straight from myself and President Steve Robertson.
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How to Spot Red Flags in Junior Mining: Learn valuable insights about evaluating mining companies and leadership teams.
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Copper Demand Surges, Miners Can't Keep Up: Explore the factors driving the growing demand for copper and the challenges facing the industry.
These videos can be found in full length in the following sections of this newsletter.
Looking ahead, we have several exciting milestones on the horizon. We're gearing up to start drilling at Palos Verdes, and we're confident that securing the permit for Hot Breccia is just around the corner. We also want to remind you to save the date for our Annual General Meeting (AGM) on July 23rd, 2024. We have some exciting news to share and would love for you to join us.
Thank you again for your continued support and interest in Prismo Metals, especially to our dedicated shareholders. We value your partnership and are committed to keeping you informed. To stay up-to-date on our latest news and progress, be sure to follow us on our social media channels.
Warm regards,
Alain Lambert
CEO of Prismo Metals
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- Mobilize drilling equipment and begin drilling at Palos Verdes, providing regular updates on progress and assay results.
- Secure drilling permit for Hot Breccia.
- Mobilize drilling equipment and begin drilling at Hot Breccia, providing regular updates on progress and assay results.
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📺 Hot Breccia Site Visit Video with Kai Hoffmann: Join Kai Hoffman from Soar Financial as our team takes him on an exclusive tour of the Hot Breccia copper project in Arizona. Hear his firsthand impressions as we explore the project's excellent location, unique geology, and exciting drilling plans. We'll also discuss the project's exploration history and a recent geophysical survey that identified a major new anomaly with potential for copper. | |
📺 An In-Depth Update on Prismo Metals with Robert Sinn: Prismo CEO, Alain Lambert, and President, Steve Robertson, recently spoke with Robert Sinn from Goldfinger Capital about everything Prismo Metals. We talked about our experienced leadership, the history and explorations plans at the Hot Breccia Project, and the upcoming expanded drilling at the Palos Verdes project with our partner, Vizsla Silver. See what's coming up for Prismo Metals! | |
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📺 How to Spot Red Flags in Junior Mining: Catch Prismo Metals CEO Alain Lambert on Resource Talks for an insightful discussion on junior mining. With over 35 years of experience in the market, Alain shares his expertise on identifying red flags, evaluating management effectiveness, and the key qualities desired in an executive board member.
Alain emphasizes the importance of a balanced board, offers practical tips for investors on assessing track records and compensation packages, and discusses the challenges of financing and understanding share structures in the junior mining sector. This conversation is a must-watch for anyone interested in the sector.
"I was asked to share my thoughts and opinions on how an investor should evaluate leadership in a public company and how it governs itself," said Alain. "I was pleased to share my philosophy on investing in publicly traded exploration companies."
In this video, Alain describes exactly how our team manages the business of the company, providing valuable insights for investors.
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📺 Copper Demand Surges, Miners Can't Keep Up: The world may soon face a copper shortage. In this exclusive interview with Pinnacle Digest, our President, Steve Robertson, talks about the predicted copper shortage in 2025 and the factors causing the increased demand. Learn about our exciting copper project in Arizona's well-known copper belt and why we think it has great potential to help meet the world's growing need for copper. | |
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Palos Verdes (silver, Sinaloa, Mexico)
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Drilling Funds Secured, Preparing to Mobilize: With funding secured, we are getting ready to mobilize the drilling equipment at Palos Verdes for our summer drilling program.
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Expanded Drilling Program: The expanded drilling program will consist of approximately 3,600 meters across ten holes, to be completed in two phases. The new holes will be drilled from Vizsla Silver Corp. (TSXV: VZLA) concessions adjacent to the Palos Verdes concession, targeting the Palos Verdes vein at depth. See our February 6, 2024 news release for more information.
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Positive Alteration Study & Geochemical Sampling: In preparation for the upcoming drilling, we conducted an alteration study & geochemical sampling. Findings indicate the potential for the mineralized shoot, previously defined by drilling on the west side of the property, to be truncated and offset downward along a cross fault, and that a second blind mineralized shoot may exist to the northeast along the Palos Verdes vein.
Hot Breccia (copper, Arizona, USA)
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Drilling Permit Update: Drilling permit imminent at Hot Breccia Project focused on diamond drilling five holes with an expected depth of 1,000 meters each.
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Encouraging Results from Sampling Program: Hot Breccia hosts hydrothermal breccia pipes originating from at least 1 km depth. These pipes incorporate a wide range of wallrock fragments, including a fragment of mineralized magnetite skarn that assayed 5.69% copper, 0.24 g/t gold, and 32.8 g/t silver. See our March 26, 2024 news release for more details.
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Identification of a Large Conductive Anomaly: Our recent ZTEM geophysical survey has revealed a significant conductive feature adjacent to historical drilling, indicating a potential porphyry-skarn mineralized center similar to Resolution. The Resolution deposit, located 40 km from the Hot Breccia project, is one of the greatest copper discoveries of modern times. We engaged ExploreTech's xFlare AI technology to optimize our drill plan for this target and pinpoint where and at what depth to drill. See our March 4, 2024 news release for more details.
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For all the latest from Prismo Metals, make sure you're following us on social media! | |
🔎 Prismo Geologist Octavio Lizardi examines mineralized rock fragments at our Hot Breccia Project. These fragments, brought up from deep in a quartz porphyry intrusion near the property's namesake breccia, are key exploration guides at Hot Breccia! | |
👀 This is the past-producing Christmas mine, located just 4 km north of our Hot Breccia project in Arizona, USA. It produced 363 Mlb copper, 2.1 Moz silver, and 55 Koz gold. | |
We regularly post updates, videos, and photos on our social channels. Follow us and stay updated on the latest on all of our three projects! | | | | |
