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New Listing: Prismo Metals (CSE:PRIZ)

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New Listing: Prismo Metals (CSE:PRIZ)

Additional Information:

Company: Prismo Metals
Website: http://www.PrismoMetals.com,
Stock Symbol: CSE:PRIZ
Date Published: Oct 1, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Prismo Metals is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “PRIZ”.

The company recently closed its IPO, raising gross proceeds of $575,000 from the placement of 4.6 million shares priced at $0.125 per share.

Haywood Securities acted as agent for the offering.

Prismo is engaged in the business of mineral exploration and the acquisition of mineral property assets in Mexico.

In May 2019, the company was granted an option to acquire a 75% interest in the Palos Verdes Property, located in west central Sinaloa, northwestern Mexico, about 50 kilometers northeast of Mazatlán.
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The Palos Verdes Property consists of the Palos Verdes concession, which lies within the historic Panuco-Copala silver gold district near the village of Santa Lucia.

The concession is surrounded by other concessions controlled by third parties, with both the new and old highways between Mazatlán and Durango crossing the property.

The Palos Verdes concession covers 700 meters of strike length of the Palos Verdes vein, a member of the northeasterly trending vein family located in the eastern part of the district outside of the area of modern exploration.

The Panuco-Copala district is characterized by a swarm of north to northwesterly oriented veins that stretch laterally for 15 kilometers along a northeast-southwest trend.

Northeasterly-trending veins that link and/or cross the northwesterly veins are locally well developed within the district.

Various companies as well as the previous owners of the property have performed limited exploration at the property and in the surrounding area, mainly sampling.

Drilling conducted in 2018 on the Palos Verdes Vein was relatively shallow, less than 100 meters and cut a well mineralized multistage vein 2 to 7 meters wide with bonanza grade precious metal values and subordinate base metals 30 to 50 meters underneath largely barren vein outcrops.

The best intercept was 8.42 grams per tonne gold and 2,336 grams per tonne silver, over a down hole length of 1.15 meters with 0.8 meters true width.

The company is headed by President and CEO, Dr. Craig Gibson, who has been active in the minerals industry for more than thirty years with almost twenty of them working in Mexico, where he was involved in several major precious metal deposit discoveries.

The shares are trading at $0.25.

For more information, please visit the company’s website www.PrismoMetals.com, contact Jason Frame, Investor Relations, at FrameJ4@gmail.com


I’m Cassandra Bolinski for Investmentpitch Media