Ongoing Property Scale Exploration At Los Patios Project

VANCOUVER - Prismo Metals Inc. reported on the ongoing property-scale exploration of its 5289 hectare (20 square miles) Los Pavitos project located in the well mineralized Alamos region of southern Sonora State, Mexico. The best results are from the Santa Cruz target area, which yielded numerous gold assays above 5 g/t over widths of 0.20 to 1 meter. The best structure shows 20.3 g/t gold over 0.6 meters. At least six other target areas have been identified for additional detailed work to develop drilling targets for later this year. Drilling permits are in process and drilling is expected to begin in Q2 2023.

The mapping and sampling program at Santa Cruz is the first systematic exploration conducted on the project and was guided by previous regional reconnaissance exploration. A total of 175 samples (not including control samples) were taken on, and between, a series of parallel veins in the Santa Cruz area. Thirty-seven samples yielded 0.5 g/t or more Au, and seven samples also assayed over 100 g/t Ag. Pathfinder elements As and Bi are also generally strongly anomalous.

"We are very pleased to see such consistent and high-grade gold results emerge from our first detailed sampling program at Pavitos," said Dr. Craig Gibson, President and CEO of the Company. "The highest gold assays came from an area of stockwork veining and disseminations where the northeast-trending Santa Cruz vein is cut by a cross vein. Both trends project under cover from there and we will try to trace the mineralized structures by trenching once permits are approved."