StockInfo11
5月前
Prismo Metals' CEO Alain Lambert and President Steve Robertson discuss the company's diverse precious metals and copper projects in Mexico and the U.S. The video, "Is Prismo Metals Setting Up For a Big Rally Soon?", demonstrates how PRIZ's strategic partnerships, unique management structure, and bullish outlook on copper, gold, and silver position it for significant growth
Oleblue
5月前
The Hot Breccia Project – Prismo Metals Inc.
by Insidexploration July 29, 2024
https://insidexploration.com/the-hot-breccia-project-prismo-metals-inc/
The Hot Breccia Project – Prismo Metals Inc.
Introduction
Prismo Metals inc (CSE: PRIZ, OTCQB: PMOMF, FSE: 7KU) is a Canadian based growth-stage exploration company led by a team of experienced mining professionals with a track record of successful discoveries. Prismo also benefits from the strong capital markets experience of its CEO and CFO. Currently, the team is focused on creating shareholder value by acquiring, exploring and developing base precious metal projects in the USA and Mexico.
The flagship property and focus of this report is the Hot Breccia Property which consists of 1,420 hectares of contiguous mining claims located in close proximity to several operating and past producing copper, gold and silver mines within the world-class Arizona Copper Belt.
Figure 1: Hot Breccia Project Claim Boundaries
In addition to the Hot Breccia Project, the company is actively exploring two precious metal projects in Mexico. The first being the Palos Verdes Project which is a 22.8-hectare property located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico. This region is a largely unexplored new gold district featuring shear-hosted orogenic gold potential which is analogous to some of Sonora’s largest gold mines. Fully encompassed by Vizsla Silver (TSX-V: VZLA) who has taken a 9.6% stake in Prismo. This is a solid asset with minimal risk as Vizsla is funding current drill campaigns making this project a value-added future sale for the company.
The second project is Los Pavitos and it consists of 5,289-hectares located in southern Sonora, Mexico. Los Pavitos was generated by a Peter Megaw backed Mexican company, Cascabel. The concept was that a well established orogenic gold belt in California and Sonora States, should extend further to the south to the position of Los Pavitos.
Summary
Introduction – A brief description of Prismo Metals and the project portfolio
The Arizona Copper Belt – Discussing the Arizona Copper belt and the significance of the mining industry in Arizona
The Hot Breccia Property Overview – A summary of the Hot Breccia Property
Geological Setting and Mineralization – A general overview of the geological features that make up the Hot Breccia Property and surrounding area.
Exploration History – Discovery to 1925 – Looking at key segments of the 1925 report by the USGS on the Saddle Mountain and Banner Mining Districts
Exploration History – 1925 to Present Day – Account of exploration efforts by Kennecot’s subsidiary Bear Creek Mining Company and the 1974 report on the property.
Prismo Exploration – Looking at what Prismo has done since acquiring the Hot Breccia Property.
Conclusion – Closing statements
References – References used in the creation of this report
The Arizona Copper Belt
To understand the Hot Breccia Project, it is important to add context as the property is located in a tier 1 copper jurisdiction more widely known as the Arizona Copper Belt. This region accounts for roughly 68% of U.S copper production from around a dozen major copper mining operations producing anywhere from 23-632 million pounds of copper per year. Most of these operations are near surface open pit mines focused on porphyry deposits, with copper being associated with intrusive igneous rocks like granite carrying by products of molybdenum, gold, silver and zinc.
Figure 2: The Arizona Copper Belt
The history of mining in Arizona goes back to the late 1500’s when Spanish explorer’s first discovered Silver in the Jerome district. However, the area was remote, arid and didn’t offer very favourable working conditions to properly mine the discovery and therefore was ignored. In fact, it wouldn’t be until around 1750 that small scale artisanal mining operations would start popping up in the state.
The mining rush in California and Nevada naturally brought the same hopeful prospectors through the state of Arizona and while to the north gold and silver were the metal of choice, copper was becoming more accessible and profitable on the southeast portion of the mineralized band that cuts through the state. Along this trend, several copper mining districts emerged such as the Ajo, Bisbee-Warren, Globe-Miami, Clifton-Morenci, Banner and White Mesa Districts to name a few, giving birth to the Arizona Copper Belt.
Several small scale mining operations started popping up in the mid to late 1800’s, but most were focused on high grade ore that was easily accessible from surface. Many of these operations were short lived but what really initiated the large-scale open pit copper mining operations we see today was the emergence of the Bingham Canyon mine in Utah. Having successfully open pit mined a low-grade copper deposit at a profit, the same standards were applied to several deposits being developed in Arizona.
By the 1900’s copper mining operations were developing all over the state. Phelps Dodge and Calumet & Arizona Mining Company led the charge in several key mining districts but none more important to the state than The Clifton-Morenci Mine. Operations at Morenci started in 1873 and is still in operation today. However, open pit mining didn’t start until 1937, but since then it has produced over 40 billion pounds of copper. Today, Morenci is the largest copper producer in North America and one of the largest open-pit mining operations globally covering 68,400 acres or 80 square miles. While Morenci sits outside the actual belt, its worth noting as its impact on the economy and mining in the region cannot be overstated.
Figure 3: Morenci Mine 2024
Along the copper belt, several other mines were being developed through the early 1900’s with the Ray Mine in particular leading to the development of the Hayden Smelting Facility. Built in 1912 for the purpose of processing the material from the Ray Mine just outside the town of Hayden. Today the Hayden Smelter stands as one of only 3 copper smelters in the USA. The other two are the Freeport McMoran Miami Smelter and Rio Tinto’s Kennecott smelter in Utah. For the last four years Hayden has been under care and maintenance due to labour disputes. However, a recent announcement by ASARCO stated that the facility is preparing to re-open considering the rising cost of copper and the global shortfalls in supply. Reopening Hayden will boost copper supply across the country which currently imports half of its refined copper supply. It will also play a pivotal role in the development of the Hot Breccia Project as it’s just a few kilometers away.
Weekly Chart
CommodityCoverage
5月前
Marking a significant milestone as it's the first exploration in five decades, Prismo Metals (PRIZ.c PMOMF) is set to commence a 5,000m drill program in Q3 at its Hot Breccia Copper Project where it has the potential to delineate a very large copper system, possibly akin to the nearby, monstrous Resolution deposit, owned by a Rio Tinto/BHP JV: https://www.reddit.com/r/Canadapennystocks/comments/1dc2w7s/article_breakdown_how_prismo_metals_prizc_is/
CommodityCoverage
5月前
Prismo Metals (PRIZ.c PMOMF) is changing the 'Art of Possible' at the Hot Breccia Project, having received crucial permit approval for 10 drill pads at its Hot Breccia copper project in Southern Arizona: https://x.com/StckMasterFlash/status/1814038525832286354
Targeting 5,000m drilled in 5 holes, the program is set to commence in Q3 and has the potential to delineate a very large copper system, potentially akin to the nearby, monstrous Resolution deposit, owned by a Rio Tinto/BHP JV.
CommodityCoverage
5月前
Having received a crucial permit approval from the US Bureau of Land Management for 10 drill pads at its Hot Breccia copper project in Southern Arizona, Prismo Metals (PRIZ.c PMOMF) is on track to commence its drilling program in Q3, marking the first exploration on the project in five decades: https://www.thearmchairtrader.com/canadian-stock-market-news/prismo-metals-priz-hot-breccia/
Given the project has the potential to host a very large copper system, PRIZ could be on track to delineate a deposit akin to the nearby, monstrous Resolution deposit, owned by a Rio Tinto/BHP JV
CommodityCoverage
5月前
"While industry giants such as mining mogul Robert Friedland recently warned of a “copper crisis”, Prismo Metals (PRIZ.c PMOMF) has received approval for an initial drill program at its Hot Breccia copper project in southern Arizona, marking the first drilling activity on the property in 50 years: https://goldinvest.de/the-way-is-clear-prismo-metals-receives-drill-permit-for-copper-project-hot-breccia/
Targeting 5,000m of drilling in five holes, the program is set to commence in Q3 2024 and is on track to be a key catalyst, given the project has the potential to host a very large copper system, potentially akin even to the nearby, monstrous Resolution deposit, owned by a Rio Tinto/BHP JV
CommodityCoverage
5月前
Having received permit approval for a deep drilling program at its Hot Breccia Copper Project in Arizona, Prismo Metals (PRIZ.c PMOMF) is on track for growth given it has the potential to host a very large copper system, potentially akin to the nearby, monstrous Resolution deposit, owned by a Rio Tinto/BHP JV - Targeting 5,000m of drilling in five holes, the program is set to commence in Q3 2024: https://x.com/StckMasterFlash/status/1811836555494867174
CommodityCoverage
5月前
Today, Prismo Metals (PRIZ.c PMOMF) announced that it has received permit approval for a deep drilling program at its Hot Breccia Copper Project in Arizona!: https://www.accesswire.com/888131/prismo-metals-secures-permit-approval-for-deep-drilling-program-at-hot-breccia-copper-project-in-arizona
Targeting 5,000m of drilling in five holes, the program is set to commence in Q3 2024 and is on track to be a key catalyst, given the project has the potential to host a very large copper system, potentially akin even to the nearby, monstrous Resolution deposit, owned by a Rio Tinto/BHP JV
StockInfo11
6月前
Prismo Metals Inc. (CSE: PRIZ, OTCQB: PMOMF) is set to initiate a 3,600-meter, 10-hole drill program at its Palos Verdes silver project in Mexico after securing $1.15M. Prior high-grade mineral findings, including 11,520 g/t silver equivalent, bolster expectations for promising results from the upcoming drilling efforts.
https://goldinvest.de/prismo-metals-drill-program-at-silver-project-palos-verdes-imminent/
*Posted on behalf of Prismo Metals Inc.
StockInfo11
6月前
In the video below, Steve Robertson, president of Prismo Metals Inc. (CSE: PRIZ, OTCQB: PMOMF), discusses the looming copper supply crisis driven by renewable energy, EVs and grid expansions. Goldman Sachs estimates a $150 billion investment is needed to address an annual shortfall of 8 million tons. PRIZ’s Hot Breccia Project in Arizona’s copper belt is strategically positioned near the significant Resolution copper deposit. Here PRIZ aims to drill deep to uncover new deposits, addressing the critical copper shortage.
StockInfo11
6月前
In a recent interview, Prismo Metals (CSE: PRIZ, OTCQB: PMOMF) discussed their gold, copper, and silver exploration activities and plans. Key projects include Hot Breccia Copper, Palos Verdes Silver/Gold, and Los Pavitos Gold. Key upcoming milestones include obtaining the drilling permit for Hot Breccia, commencing the drilling program, and ongoing exploration results from Palos Verdes and Los Pavitos.
CommodityCoverage
6月前
Strategically positioned for a catalyst-rich summer, strengthened by its recently closed private placement for $1.15M, Prismo Metals (PRIZ.c PMOMF) is on track for a catalyst filled summer as drill permits for the Hot Breccia Project are on the verge of approval - The Hot Breccia project holds significant promise, with the potential to contain a substantial copper system, possibly rivalling the nearby Resolution deposit, a massive operation owned by the Rio Tinto/BHP JV: https://x.com/StckMasterFlash/status/1803525698625155176
StockInfo11
6月前
Today, junior mining company, PRIZ.c, announced the closure of its non-brokered private placement, raising $1,147,500 to fund drilling at its Palos Verdes silver project in Mexico and the Hot Breccia copper project in Arizona's copper belt where 5.69%Cu was recently sampled. https://prismometals.com/prismo-metals-announces-closing-of-private-placement-and-debt-settlement-transactions
CommodityCoverage
6月前
Today, Prismo Metals (PRIZ.c PMOMF) announced the closing of its non-brokered private placement for gross proceeds of $1,147,500: https://prismometals.com/prismo-metals-announces-closing-of-private-placement-and-debt-settlement-transactions
Ahead of a busy summer as drill permits are about to be issued, PRIZ has a range of catalysts incoming at its Hot Breccia Project which "could host a very large copper system, potentially akin even to the nearby, monstrous Resolution deposit, which is owned by a Rio Tinto/BHP JV": https://x.com/StckMasterFlash/status/1800963468440502738
CommodityCoverage
6月前
Built on several rising geopolitical and market trends contributing to a strong bullish outlook for prices, a new super cycle is emerging in the copper market, coinciding with an unprecedented surge in copper demand and constrained supply (Source: https://sprott.com/insights/sprott-energy-transition-materials-monthly-a-new-copper-supercycle-is-emerging/)
Ahead of a busy summer as drill permits are about to be issued, Prismo Metals (PRIZ.c PMOMF)has a range of catalysts incoming at its Hot Breccia Project which "could host a very large copper system, potentially akin even to the nearby, monstrous Resolution deposit, which is owned by a Rio Tinto/BHP JV": https://x.com/StckMasterFlash/status/1800963468440502738
StockInfo11
6月前
Yesterday, Prismo Metals Inc. (PIRZ.c or PMOMF) shared updates on its Hot Breccia Copper and Palos Verdes Silver projects. The Hot Breccia project in Arizona, spanning 1,420 hectares, is set for a significant drilling program targeting copper mineralization. The Palos Verdes project in Mexico will involve 3,600 meters of drilling to explore high-grade silver-gold veins. Full news breakdown here⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1dfcr6u/today_prismo_metals_pirzc_shares_exploration/
StockInfo11
6月前
Today, Prismo Metals Inc. (PRIZ.c or PMOMF) announced that it is advancing its Hot Breccia Copper Project in Arizona, preparing to drill five 1,000-meter holes, and its Palos Verdes Silver/Precious Metals Project in Mexico, planning to drill 3,600 meters in ten holes. Full news⬇️
https://ca.finance.yahoo.com/news/prismo-metals-announces-private-placement-124500856.html
*Posted on behalf of Prismo Metals Inc.
CommodityCoverage
6月前
Looking for copper deposits in Arizona? Check out Prismo Metals (PRIZ.c PMOMF) and its Hot Breccia Project: https://x.com/StckMasterFlash/status/1800963468440502738
Amid copper surpassing all-time highs, PRIZ is "guided by geological experts like the famous Peter Megaw PhD as Technical Advisor", who "believe Hot Breccia could host a very large copper system, potentially akin even to the nearby, monstrous Resolution deposit, which is owned by a Rio Tinto/BHP JV"
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