Expansion Of Drill Program At Palos Verdes Property

VANCOUVER - Prismo Metals Inc. reported that given the success of the current drill program, it plans to expand the program at the Palos Verdes property located in the Panuco district in Mexico. The new holes will be drilled from Vizsla Silver Corp. concessions adjacent to the Palos Verdes concession and will target the Palos Verdes vein at depth. A recommendation presented the Panuco Joint Technical Committee calls for drilling of approximately 3,600 meters in ten holes to be completed in two phases.

"The Panuco Joint Technical Committee has recommended this drill program to test the Palos Verdes vein underneath the current level of drilling. Our strategic partner, Vizsla Silver, has submitted a permit application for the drill sites as part of this expanded exploration program in the Northeast portion of the Panuco district," said Alain Lambert, Executive Chairman. "We recently received several bonanza grade intercepts and the highest-grade intercept ever recorded from the Palos Verdes project, with a 0.5-meter sample assaying 102 g/t gold and 3,100 g/t silver (see Prismo's news release dated July 27, 2023). This expanded drilling will test under this intercept as well as at depth in the northeastern portion of the concession where we think the mineralization has been offset downward."

The planned drilling from Vizsla's concessions will be from approximately eight sites in two phases. The first phase will include seven holes with an average depth of about 300 meters, while the second phase will consist of three holes with an average depth of about 500 meters. The holes are designed to test the Palos Verdes vein at depth on Prismo's Palos Verdes concession and also test for the vein extension and splits on the adjacent Vizsla ground.

"The relatively shallow bonanza-type grades reported at Palos Verdes to date, suggest potential for additional high-grade mineralization at depth in veins of the northeast part of Panuco district. We are excited to proceed with the recommendation presented by the Panuco Joint Technical Committee to expand the drilling program, because of the opportunity it gives us to increase our knowledge of the veins in this part of the district through Prismo's expanded drill program," said Michael Konnert, President and CEO of Vizsla Silver. "Vizsla Silver owns a right-of-first refusal on the Palos Verdes project. We look forward to the deeper drilling-results at Palos Verdes."