5 inch core drill

Fireweed Intersects 16.1 m of 10.4% Zinc and 15.7 g/t Silver in Step-Out at Boundary West

 

Fireweed Zinc LTD. ("Fireweed") (TSXV: FWZ) is pleased to announce further results from the 2021 drilling program at the Macmillan Pass project, Yukon, Canada. Results from these step-out holes continue to show that Boundary West is growing and expand the known extent of the high-grade laminated zones, massive to semi-massive sulphides, and additional wide zones of vein-hosted mineralization.

 

  Highlights  

 
  • Step-out hole NB21-008 intersected a wide zone of mineralization at Boundary West grading 5.41% zinc, 0.19% lead, and 10.5 g/t silver over 73.35 m including 10.39% Zinc, 0.16% Lead and 15.7 g/t Silver over 16.09 m, extending mineralization to depth.
  •  
  • High-grade laminated mineralization was intersected in NB21-006, NB21-007 and NB21-008, stepping out from the original discovery of this zone earlier in 2021.
  •  
  • Boundary West remains open at depth, and geological features continue to indicate that higher grade zones may be encountered with additional step-out drilling.
  •  

  CEO Statement  

 

Brandon Macdonald, CEO, stated, "This year's drill results from Boundary Zone and Boundary West have clearly demonstrated that our exploration thesis was correct – there is high-grade laminated barite-hosted zinc-lead-silver mineralization as well as zones of massive sulphides and very wide intervals of vein-hosted mineralization at Boundary West. We've now discovered all these styles of mineralization and many new zones in a large zinc system at Boundary Zone. The great results in 2021 continue to demonstrate that Boundary Zone is a key piece of the Macmillan Pass project alongside the high-grade deposits at Tom and Jason."

 

  Boundary West Drilling Results  

 

Boundary West has now been demonstrated to be a significant exploration target: zinc mineralization has been confirmed over a strike length of at least 250 m, and from near surface to at least 350 m vertical depth. Zinc mineralization has been discovered in at least three discrete stratiform zones, with variable true thicknesses that aggregate to approximately 30 to 50 m and are separated by barren or very low-grade zinc material. The stratiform zones comprise: higher-grade, thinner zones of laminated sphalerite-galena; thicker and variable grade zones of very dense massive to semi-massive sulphides with sphalerite-galena; and significant thicknesses of mineralized volcaniclastic rock. In addition to the stratiform zones, wide zones of lower-grade, vein-hosted zinc mineralization have been intersected with undetermined true thicknesses. Boundary West has considerable upside potential as it is open in multiple directions, at least to the south and at depth in the north (see Maps 1 and 2, cross section C-C' and Fireweed News Release dated 16 th September 2021). In addition to Boundary West, there is another significant exploration target at Boundary Zone, centered around cross section A-A' (Map 2). Boundary Zone is at least 320 m in strike, has been drilled down-dip to at least 250 m, and has a true-thickness ranging from approximately 150 to 250 m, across which average zinc grades range from approximately 2.4% to 4.5% zinc (including significantly higher-grade zinc zones disclosed in Fireweed News Release dated 18 th November 2021).

 

Holes NB21-006, NB21-007, NB21-008 and NB21-009 were drilled on the same fence, stepping out to the east of the Boundary West discovery holes (Maps 1 and 2). All four holes intersected the new zone of laminated sphalerite discovered in 2021 in holes NB21-001 and NB21-002 (reported in Fireweed News Releases dated 17 th August 2021 and 16 th September 2021). NB21-006 intersected 12.2 m of 11.14% Zn, 0.40% Pb, and 38.8 g/t Ag including 3.87 m of 16.66% Zn, 0.20% Pb, and 44.4 g/t Ag and was terminated shortly thereafter as it was cutting bedding at a low angle. NB21-006 and NB21-007 encountered drilling difficulties within the laminated zinc mineralization, resulting in poor recoveries. The zone of very low recovery was not assayed in NB21-007, as the hole was re-drilled as NB21-008 at a steeper angle with improved recovery. NB21-008 had excellent recovery through a wide interval of volcaniclastic rock with sections of semi-massive pyrite-sphalerite, grading 5.41% Zn, 0.19% Pb, and 10.5 g/t Ag over 73.35 m, including 16.09 m of 10.39% Zn, 0.16% Pb, and 15.7 g/t Ag. No significant copper mineralization was intersected in these holes unlike drill hole NB21-005 drilled further to the east (see Fireweed News Release dated 18 th November 2021 for details). Assays for NB21-009 are pending. Lighter colours of sphalerite, a lack of barite, and generally lower grades indicate that the laminated zinc mineralization on this more eastern fence is more distal to the feeder than the high-grade mineralization intersected in NB21-001 and NB21-002, suggesting that even higher zinc, lead and silver grades may yet be found at depth, down-dip from the known extent of mineralization at Boundary West.

 

Holes NB21-003 and NB21-004 intersected wide intervals of massive sulphide, comprising mostly pyrite with minor sphalerite, resulting in generally low zinc grades (Table 1). This provides additional evidence that the direction towards the feeder structure and higher grades may be down-dip at Boundary West.

 

 

 

Table 1: Drill Results, Boundary Zone.

 
                                                                                                                                                                                              
  Hole     From
(m)
 
  To
(m)
 
  Interval
(m)
  1  
  Zinc
(%)
 
  Lead
(%)
 
  Silver
(g/t)
 
  Bulk
Density
(t/m
  3   )  
  Style  
NB21-003   78.90 137.00 58.10 1.54 0.15 16.1 4.195 MS
NB21-003   incl.   78.90 82.71 3.81 4.48 0.16 26.8 4.583 MS
NB21-003   and   97.44 101.50 4.06 3.24 0.71 36.2 4.726 MS
NB21-003   and   116.58 118.50 1.92 4.05 0.19 22.8 4.617 MS
NB21-004     221.95 237.05 15.10 0.99 0.02 8.5 3.958 MS
NB21-004     324.40 334.00 9.60 0.94 0.11 3.5 3.019 V
NB21-006     39.20 51.43 12.23 ( 60%) 11.14 0.40 38.8 3.049 L, V
NB21-006   incl.   44.20 48.07 3.87 ( 47%) 16.66 0.20 44.4 3.017 L, V
NB21-007     39.50 44.17 4.67 4.72 0.26 19.4 3.229 L, V
NB21-008     42.65 49.62 6.97 1.89 0.31 16.2 3.045 L, SM
NB21-008     56.07 58.96 2.89 6.09 0.65 39.2 3.454 L, SM
NB21-008     122.50 131.06 8.56 2.57 0.24 18.0 3.027 L, R
NB21-008     186.67 260.02 73.35 5.41 0.19 10.5 3.497 V, MS
NB21-008   incl.   194.61 196.80 2.19 9.85 0.13 17.0 4.036 SM
NB21-008   and   204.00 220.09 16.09 10.39 0.16 15.7 3.545 V, R
NB21-008   and   252.28 260.02 7.74 10.89 0.71 24.8 4.035 MS
NB21-008   283.80 294.10 10.30 1.65 0.18 12.6 3.378 SM
NB21-008   304.43 314.50 10.07 0.93 0.50 15.9 3.042 V
 

MS – massive sulphide; SM – semi massive sulphide; V – vein; R – replacement; L – laminated; incl. – including.

 

  1 True widths of stratiform, laminated mineralization, and semi-massive or massive sulphide mineralization are estimated to be approximately 30 to 80% of intersected widths. Vein-hosted mineralization is interpreted to be a stockwork style with an undetermined true thickness.

 

  Low recovery zone, core recovery indicated in parentheses.

 

  Notes on sampling, assaying, and data aggregation:
The diamond drill core logging and sampling program was carried out under a rigorous quality assurance / quality control program using industry best practices. Drill intersections in this release are all HQ3 (split tube) size core (61.1mm / 2.4-inch diameter) with recoveries typically above 85% unless otherwise noted in the table of results. After drilling, core was logged for geology, structure, and geotechnical characteristics, then marked for sampling and photographed on site. The cores for analyses were marked for sampling based on geological intervals with individual samples 1.5 m or less in length. Drill core was cut lengthwise in half with a core saw; half-core was sent for assays reported in this news release, and the other half is stored on site for reference. Bulk density was determined on site for the entire length of each sample assayed by measurement of mass in air and mass in water. Sample duplicate bulk density determinations and in-house bulk density standard determinations were each made at a rate of 5%. Since 2017, four in-house bulk density standards (mineralized drill core from the Tom deposit that span a range of densities) have been used and show an acceptable long-term precision. Certified standard masses are used to calibrate the scale balance used for bulk density determinations.

 

A total of 5% assay standards or blanks and 5% core duplicates are included in the sample stream as a quality control measure and are reviewed after analyses are received. Standards and blanks in 2021 drill results to date have been approved as acceptable. Duplicate data add to the long-term estimates of precision for assay data on the project and precision for drill results reported is deemed to be within acceptable levels. Samples were sent to the Bureau Veritas preparation laboratory in Whitehorse, Yukon, where the samples were crushed and a 500 g split was sent to the Bureau Veritas laboratory in Vancouver, B.C to be pulverized to 85% passing 200 mesh size pulps. Clean crush material was passed through the crusher and clean silica was pulverized between each sample. The pulps were analyzed by 1:1:1 Aqua Regia digestion followed by Inductively Coupled Plasma Mass Spectrometry (ICP-ES/ICP-MS) multi-element analyses (BV Code AQ270). All samples were also analyzed for multiple elements by lithium borate fusion and X-ray fluorescence analysis (XRF) finish (BV Code LF725). Over-limit Pb (>25.0%) and Zn (>24.0%) were analyzed by lithium borate fusion with XRF finish (BV Code LF726). Silver is reported in this news release by method AQ270, and zinc and lead are reported by LF725 or LF726. Bureau Veritas (Vancouver) is an independent, international ISO/IEC 17025:2005 accredited laboratory.

 

Results in this news release are length and bulk-density weighted averages as would be used in a Mineral Resource estimate. Readers are cautioned that in Fireweed news releases prior to 2020, only length weighted assay averages were reported which may result in slightly lower (under-reported) average values. Length and bulk-density weighted averages have been reported as these most accurately represent the average metal-content of the intersections.

 

  Qualified Person Statement  

 

Technical information in this news release has been approved by Jack Milton, P.Geo., Ph.D., Chief Geologist and a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

 

  Hiring of Investor Relations Firm and Grant of Stock Options  

 

Fireweed announces that it has retained Peak Investor Marketing Corp. ("Peak") of Vancouver, Canada to assist the Company with marketing, investor relations and related advisory services. Under terms of the contract, Peak will be paid a service fee of $12,000 per month for a minimum of three months and will be granted 30,000 stock options priced at market. The stock options will vest over 12 months as to 25% every three months as required under TSX Venture Exchange policies. The grant of these stock options is subject to required approvals including the TSX Venture Exchange.

 

The Company also announces that it is granting, pursuant to its stock option plan, a total of 45,000 stock options priced at market for a five-year term to a new employee.

 

  About Fireweed Zinc Ltd. (TSXV: FWZ):  Fireweed Zinc is a public mineral exploration company focused on zinc-lead-silver and managed by a veteran team of mining industry professionals. The Company is advancing its district-scale 940 km 2 Macmillan Pass Project in Yukon, Canada, which is host to the 100% owned Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated January 10, 2018, and May 23, 2018, respectively, and reports filed on www.sedar.com for details) as well as the Boundary Zone, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims (MAC, MC, MP, Jerry, BR, NS, Oro, Sol, Ben, and Stump) which cover exploration targets in the district where previous and recent work identified zinc, lead and silver prospects, and geophysical and geochemical anomalies in prospective host geology.

 

Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project including maps and drill sections can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

 

  ON BEHALF OF Fireweed Zinc LTD.  

 

  "    Brandon Macdonald    "  

 

CEO & Director

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

 

  Cautionary Statements  

 

This news release may contain "forward-looking" statements and information relating to the Company and the Macmillan Pass Project that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, pandemics, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company's prospectus dated May 9, 2017, and filed under the Company's profile on SEDAR at www.sedar.com . Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

 

Map 1: Location of Macmillan Pass deposits and exploration targets: https://www.globenewswire.com/NewsRoom/AttachmentNg/2960aa9e-9103-4f9b-bbc5-c1fff4830a52  

 

Map 2: Boundary Zone 2021 drilling and location of cross sections A-A' and C-C'. See Fireweed News Release dated 18 th November 2021 for Cross Section A- A': https://www.globenewswire.com/NewsRoom/AttachmentNg/49a8c731-7e42-4747-91d1-7d9db20aee9b  

 

Cross Section C-C': Boundary West geology and assay results: https://www.globenewswire.com/NewsRoom/AttachmentNg/6554bc1d-4384-4ad2-ad1a-96847e4dbcb2  

 

 

 

Table 2: 2021 drill hole results and observations.

 
                                                                      
  Drill Hole    Length (m)    Zone    Target    Results and Observations  
NB21-001 277.0 Boundary West BZW down-dip extension Assay results reported 17 th August 2021.
NB21-002 439.0 Boundary West BZW down-dip extension Assay results reported 16 th September 2021.
NB21-003 189.0 Boundary West BZW step-out to west Results reported in this release.
NB21-004 382.7 Boundary West BZW step-out to west Results reported in this release.
TS21-001 402.7 Tom East Tom East infill Wide zone encountered. Assays pending.
TS21-002 46.0 Tom East Tom East step-out Hole ended early due to drilling problems and redrilled as TS21-003.
TS21-003 401.5 Tom East Tom East step-out No mineralization encountered.
NB21-005 481.7 Boundary Main BZ down-dip extension Results reported 18 th November 2021.
NB21-006 157.2 Boundary West BZW step-out to east Results reported in this release.
NB21-007 106.7 Boundary West BZW step-out to east Results reported in this release.
NB21-008 325.8 Boundary West BZW step-out to east Results reported in this release.
NB21-009 445.6 Boundary West BZW down-dip extension Wide zone encountered. Assays pending.
NB21-010 190.5 Boundary Main BZ step-out to west Moderate zone encountered. Assays pending.
 

 

 

Table 3: 2021 drill collar details

 
                                                                                                                
  Drill Hole    Length (m)    Zone    Easting*    Northing*    Elevation (m)    Dip (°)    Grid Azimuth (°)  
NB21-001 277.0 Boundary West 422052 7010614 1217 -65 211
NB21-002 439.0 Boundary West 422053 7010614 1218 -75 212
NB21-003 189.0 Boundary West 421932 7010644 1226 -50 204
NB21-004 382.7 Boundary West 421932 7010644 1226 -75 204
TS21-001 402.7 Tom East 442064 7004322 1679 -82 060
TS21-002 46.0 Tom East 442197 7004428 1688 -89 236
TS21-003 401.5 Tom East 442197 7004431 1688 -89 236
NB21-005 481.7 Boundary Main 422397 7010550 1203 -75 211
NB21-006 157.2 Boundary West 422093 7010516 1189 -50 211
NB21-007 106.7 Boundary West 422094 7010518 1189 -70 211
NB21-008 325.8 Boundary West 422094 7010518 1189 -75 211
NB21-009 445.6 Boundary West 422128 7010632 1223 -68 211
NB21-010 190.5 Boundary Main 422199 7010400 1159 -75 211
 

*UTM Zone 9 NAD83. Final RTK GPS surveyed.

 

Contact
Brandon MacDonald
Phone: (604) 646-8361

 


  

 

 

News Provided by GlobeNewswire via QuoteMedia

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Developing a world-class critical minerals district in Yukon, Canada

[VIDEO ENHANCED] Prismo Metals Options Two High-Grade Silver-Gold Mines in the Arizona Copper Belt - Immediate Exploration Planned

[VIDEO ENHANCED] Prismo Metals Options Two High-Grade Silver-Gold Mines in the Arizona Copper Belt - Immediate Exploration Planned

 

(TheNewswire)

 
       
  Prismo Metals Inc. 
                
 

Vancouver, British Columbia, July 3rd, 2025 TheNewswire - Prismo Metals Inc. (the " Company ") (CSE: PRIZ) (OTCQB: PMOMF) is pleased to announce that it has signed option agreements to acquire 100% interest in two historic high-grade precious and base metal mines — the Silver King and Ripsey mines — both located in Arizona's prolific Copper Belt near its flagship Hot Breccia project.

 

Additional information on the Silver King and Ripsey mines as well as Prismo's other projects (Hot Breccia and Palos Verdes) is available on Prismo's Youtube channel at:   

  

 

  Exceptional Grades and Untapped Potential  

 

Discovered in 1875, the Silver King mine is one of Arizona's most important historic producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t. Remarkably, selected samples from small-scale production in the late 1990s returned grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t), indicating that high-grade mineralization remains. Additionally, the presence of freibergite (AgCuSbS) suggests a potential for antimony, a critical mineral with growing strategic demand.

 

The Ripsey mine, located 20 km west of Hot Breccia, is also an historic gold-silver-copper producer with significant upside. Historic sampling has returned up to 15.85 g/t gold and 276 g/t silver, yet no modern exploration has been conducted.

 

  Strategic Location — World-Class Neighbors  

 

The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and one of the world's largest unmined copper deposits with an estimated copper resource of 1.787 billion metric tonnes at an average grade of 1.5% copper (1) . This unique land position is fully surrounded by Resolution Copper's claim block, offering strategic upside.

 

"The Silver King and Ripsey mine projects are exciting additions to our Arizona portfolio. We see an opportunity to create near term value through immediate exploration on a historic high-grade silver producer with antimony potential that has seen limited modern exploration by drilling both laterally and at depth into a prospective source formation, said Gordon Aldcorn, President of Prismo. "We look forward to getting our exploration team back in the field, advancing our exciting projects and revitalizing investor interest in the Company."

 

The Silver King mine was discovered in 1875 and produced ore with as much as 10,000 ounces per ton silver in near surface workings (2) . Underground production through 1889 is estimated at almost 6 million ounces of silver at grades of between 61 and 21 ounces per ton. During a second period of production from 1918 to 1928, 230,000 ounces were produced at a grade of 18.7 ounces per ton.  No significant production has occurred after 1928.

 

The orebody at Silver King is a steeply west-dipping pipelike stockwork and breccia zone that was mined on eight levels to about 300 meters depth below a glory hole at the surface. The pipe is described as a dense stockwork with local breccia zones and a quartz core (3) .  Records indicate that due to variations in mineralogy, much of the upper portion of the body was evidently not mined. The current owners (the " Optionor ") rehabilitated the main shaft in the late 1990s, opened the upper levels of the mine and produced a small tonnage. Assay certificates from this period show selected samples with 400 to 600 ounces per ton silver with 0.2-0.5 oz/t gold and some base metals. Virtually no modern exploration has been carried out at the mine providing significant exploration upside and multiple drill targets.

 

The Ripsey mine is a historic gold-silver-copper producer located about 20 km west of the Hot Breccia project. Historic mine workings consisting of tunnels and shafts on several levels were developed along a vein over about 400 meters of strike length and 160 meters vertically. A small tonnage of mineral was produced by the Optionor in the late 1990's. Sampling by Dr. Craig Gibson from the mine workings has yielded 15.9 g/t gold and 275 g/t silver over 0.75 meters and 8.7 g/t gold, 181 g/t silver, 3% copper and 9% zinc over 1 meter. No modern exploration has been carried out at the project, providing significant exploration upside and multiple drill targets.

 

The Company plans to conduct a detailed mapping and sampling program at both projects at surface exposures and in accessible workings.  A drill program is planned for Silver King, with about 1,000 meters initially. The Silver King drill program is designed to test the mineralized body at four elevations as well as lateral to the pipelike body. De-watering of the Silver King shaft to gain access to the upper levels may also be undertaken as submersible pumps are in place.

 

"This is a fabulous opportunity for the Company. Both projects are high-grade and are easily accessible and may be associated with porphyry copper mineralization. We also look forward to evaluating the potential for antimony at Silver King. We're excited to begin exploration immediately to test the Silver King's pipelike mineralized body at multiple depths and laterally," said Dr. Craig Gibson , Chief Exploration Officer. "This region is world-class for porphyry systems and base and precious metals, and we believe these mines have significant untapped potential."

 

    
Click Image To View Full Size
 

 

Location of the Company's projects withing the Arizona Copper Belt

 

    
Click Image To View Full Size
 

 

Land map of the Silver King mine.

 

    
Click Image To View Full Size
 

 

Drone view of the Silver King mine.

 

     

 

The Silver King mine in the late 1800's.

 

    
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Click Image To View Full Size
 

 

Small scale mining in the upper levels of the Silver King mine in the late 1990's.

 

  Deal description  

 

Prismo has the option to acquire a 100% interest in both the Silver King and Ripsey mines. Prismo can earn a 100% interest in the Ripsey mine by issuing one million shares to the Optionor, paying the Optionor US $10,000 within six months of the signing of the option agreement (the " Effective Date "), US $10,000 on each anniversary of the Effective Date and US $1 million to the Optionor within five years of the Effective Date. Prismo does not have minimum work commitments as part of the Ripsey option agreement.

 

Regarding the Silver King mine, Prismo can acquire a 100% interest in three stages. Prismo must issue one million shares to the Optionor, pay the Optionor US $10,000 within six months of the Effective Date, and US $10,000 on each anniversary of the Effective Date. To earn a first 50% interest, Prismo must incur no less than US $500,000 in expenditures on or before the first anniversary of the Effective Date, incur no less than an additional US $2.5 million expenditures on or before the third anniversary of the Effective Date and issue to the Optionor two million shares. Prismo can acquire an additional 30% interest by incurring no less than an additional US $3 million in expenditures, paying the Optionor US $1 million and issuing to the Optionor two million shares before the fifth anniversary of the Effective Date. Prismo can elect to form a joint venture at anytime after earning it initial 50% interest. The option agreement and joint venture agreement terms and conditions contain standard buyout and dilution terms regarding the final 20% interest.

 

  Private Placement  

 

Prismo is also pleased to announce a non-brokered private placement (the " Private Placement ") of five million units of the Company (" Units ") at an issue price of $0.05 per Unit for minimum gross proceeds of $250,000. Each Unit will consist of one common share in the capital of the Company (a " Share ") and one-half of one common share purchase warrant of the Company (each whole warrant, a " Warrant "). Each Warrant will entitle the holder to purchase one Share for a period of twenty-four (24) months from the date of issue at an exercise price of $0.10.

 

The Private Placement will also be made available to existing shareholders of the Company who, as of the close of business on July 1st, 2025, held Shares (and who continue to hold such Shares as of the closing date of the Private Placement), pursuant to the existing securityholder exemption set out in BC Instrument 45-534 – Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders (the " Existing Securityholder Exemption "). The Existing Securityholder Exemption limits a shareholder to a maximum investment of CAD$15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the Existing Securityholder Exemption exceeding the maximum amount of the Private Placement, the Company intends to adjust the subscriptions received on a pro-rata basis.

 

The Units issued pursuant to the Private Placement and the Existing Securityholder Exemption will be subject to a four-month hold period from the closing date of the Private Placement under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.  

 

  The Company intends to use the net proceeds of the Private Placement for general corporate purposes. The Company may pay finder's fees to eligible finders in connection with the Private   Placement, subject to compliance with applicable securities laws and Canadian Securities Exchange policies.  

 

  The securities being offered have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.  

 

  Debt Settlements  

 

  Prismo also announces that it has entered into debt settlement agreements (the "   Settlement Agreements   ") with certain creditors of the Company (the "   Creditors   ") pursuant to which the Company agreed to issue to the Creditors, and the Creditors agreed to accept, an aggregate of 160,000  shares of the Company (each, a "   Share   ") in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $11,000 (the "   Debt Settlement   ").   All securities issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable policies of the Canadian Securities Exchange.  

 

  Share and Warrants Issuance  

 

  A private company dealing at arms' length with Prismo, its officers and directors, had certain rights into the Silver King and Ripsey mines ("   PrivateCo   "). In consideration for PrivateCo relinquishing its rights in the Silver King and Ripsey mines in favor of the Company, Prismo has agreed, subject to regulatory approval, to issue PrivateCo five million units (the "   Units   "). Each Unit is comprised of one common share (a "   Share   ") and one share purchase warrant (a "   Warrant   "). The Shares will become free trading as to 25% every six months from the Effective Date. Two million of the Warrants will be exercisable at $0.10 ("   First Tranche   ") and three million Warrants will be exercisable at $0.15 ("   Second Tranche   "), all for a period of three years. The shares from the exercise of the Warrants will become free trading as to 25% every six months from the Effective Date. In addition, the exercise of the First Tranche is conditional on Prismo having raised $1.5 million from parties introduced to Prismo by the principals of PrivateCo and the exercise of the Second Tranche is conditional on Prismo having raised $3.0 million from parties introduced to Prismo by the principals of PrivateCo.  

 

  Qualified Person  

 

   Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release. Other than the sampling conducted by Dr. Craig Gibson as indicated herein, the data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans.   

 

  1)     https://resolutioncopper.com/about-us/    

 

  2)   Galbraith, F, 1935, Geology of the Silver King area, Superior, Arizona, Univ. of Arizona thesis, 153p plus plates.  

 

  3)   Blake, W.P., 1883, Description of the Silver King Mine, Arizona, New Haven, 48p plus plates.  

 

  About Prismo Metals Inc.  

 

  Prismo (CSE: PRIZ) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.  

 

  Please follow @PrismoMetals on   ,   ,   ,    Instagram    , and  

 

  Prismo Metals Inc. ,   1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6  

 

  Contact:  

 

  Alain Lambert, Chief Executive Officer    alain.lambert@prismometals.com   

 

  Gordon Aldcorn, President    gordon.aldcorn@prismometals.com   

 

  Cautionary Note Regarding Forward-Looking Information  

 

  This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.  

 

  These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King and Ripsey. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund exploration and the timing of such exploration.  

 

  Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-   looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.  

 

  NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
 

 

Copyright (c) 2025 TheNewswire - All rights reserved.

 

 

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Bold Ventures Provides Update on Field Work at Burchell Property

Bold Ventures Provides Update on Field Work at Burchell Property

 

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to provide an update on the progress of field work at its Burchell Gold and Copper Property, located approximately 100 km west of Thunder Bay.

 

Prospecting, outcrop mapping and soil sampling were carried out during the months of May and June on a 1 km by 800 m flagged grid centered on the recently discovered 111 Zone, where grab samples returned between 10 ppb gold and 68 g/t gold last December (see news releases dated December 12, 2024 and January 9, 2025). More than 600 rock and soil samples have been submitted for analysis from this first phase of field work, with final results pending.

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Juggernaut Announces Financing Of $1,000,000 From One Strategic Investor

Juggernaut Announces Financing Of $1,000,000 From One Strategic Investor

 

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 3 rd 2025 TheNewswire - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), is pleased to announce a $1,000,000 hard dollar financing from one strategic investor, further confirming the support and excitement of the newly discovered 11 km Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The discovery is in an area of glacial and snowpack abatement next door to the gold-rich porphyry systems at Newmont Mining's Galore Creek. The Big One Property is a discovery previously announced Jan 20 th (Click Link) with assays up to 79.01 gt gold (2.54 ozt gold) and 3157.89 gt silver (101.5 ozt silver) from over 200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that all remain open at surface. The Big One Project covers 33,693 hectares in a globally ranked tier 1 jurisdiction with tremendous additional discovery potential in the heart of the Golden Triangle, British Columbia.

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Anteros Returns High-Grade Lead-Zinc-Silver in Surface Samples from the MMZ at its Havens Steady VMS Property, Newfoundland

Anteros Returns High-Grade Lead-Zinc-Silver in Surface Samples from the MMZ at its Havens Steady VMS Property, Newfoundland

 

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce assay results from six grab samples collected at the Main Mineralized Zone ("MMZ") of its wholly-owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. These samples confirm high-grade lead-zinc-silver mineralization at surface and show associated gold and copper enrichment consistent with a polymetallic volcanogenic massive sulphide ("VMS") system.

 

The grab samples were collected during a recent field visit, focused on confirming the tenor and extent of exposed mineralization within the MMZ. All samples were collected from bedrock outcroppings of gossanous surface material. Surface grab sample highlights are given in Table 1, below.

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