Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to announce that high-grade gold mineralization has been cut in four of the first eight holes ever drilled at the 5300 ha Los Pavitos Project in the well mineralized Alamos region of southern Sonora State, Mexico.
The holes targeted the Hedionda mine zone along the Santa Cruz structure (Figures 1 and 2) and were designed to determine the overall nature, geometry and lateral and vertical continuity of mineralization around this small historic working. Mineralization consisting of foliation-parallel sulphides surrounded by silicification was cut in several holes (Figure 3). The best hole, LP-SC-23-02, intersected 6.65 meters (core length) reporting 10.2 g/t gold and 47.0 g/t silver, within a wider interval of 11.93 meters (core length) averaging 5.77 g/t gold and 28.7 g/t silver. Drilling to date represents about 850 m out of a 2000-2500 m budget and drilling has already shifted to the parallel Santa Cruz Southeast structure roughly 300 m southeast. Assays are pending for the first holes there.