The President and CEO of Prismo Metals Inc. Dr. Craig Gibson and Allan Frame, the Director of Business Development, joins GoldSeek TV to discuss the three projects being moved forward in the year ahead:
On the back of a recent $3.1-million financing, a $2-million strategic investment by Vizsla Silver Corp., and property acquisition, Prismo Metals Inc. (CSE: PRIZ | OTCQB: PMOMF) is set to explore and deliver a busy summer of news. The company is ready to put the money to work.
First off, the company recently signed a definitive agreement with Infinitum Copper Corp. (TSX-V: INFI | OTCQB:INUMF) to acquire a 75-per-cent interest in the Hot Breccia porphyry copper-skarn project located in the Arizona copper belt, which is home to some of the largest copper deposits in the world.
On the precious metals side in Mexico, Vizsla Silver Corp. (TSX-V: VZLA, NYSE: VZLA) acquired the right of first refusal to purchase the Palos Verdes project from Prismo and acquire four million units of Prismo for $2-million in cash and shares.
The Palos Verdes concession sits in the eastern area of Vizsla's Panuco district and sits along 700 metres of strike length of the Palos Verdes vein, part of the northeasterly trending vein family located in the eastern part of the district outside of the area of modern exploration.
In addition to its Palos Verdes project, the company announced that it has received a drill permit for its Los-Pavitos project located in the well-mineralized Alamos region of southern Sonora state, Mexico. The permit allows for the construction of as many as 23 trenches and 30 drill sites. The company is exploring for a multi-million ounce high grade gold deposit.
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