Prismo Metals Inc. announce that high-grade gold mineralization has been cut in four of the first eight holes ever drilled at the 5300 ha Los Pavitos Project in the well mineralized Alamos region of southern Sonora State, Mexico. The holes targeted the Hedionda mine zone along the Santa Cruz structure and were designed to determine the overall nature, geometry and lateral and vertical continuity of mineralization around this small historic working. Mineralization consisting of foliation-parallel sulphides surrounded by
silicification was cut in several holes. The best hole, LP-SC-23-02, intersected 6.65 meters (core length) reporting 10.2 g/t gold and 47.0 g/t silver, within a wider interval of 11.93 meters (core length) averaging 5.77 g/t gold and 28.7 g/t silver. Drilling to date represents about 850 m out of a 2000-2500 m budget and drilling has already shifted to the parallel Santa Cruz Southeast structure roughly 300 m southeast. Assays are pending for the first holes there. Mapping and surface sampling over the last year have delineated several kilometer-long mineralized structures with initial drilling at the Santa Cruz Southeast target to be followed by drilling of the Las Auras, Oromuri and Española targets. At Las Auras surface sampling has encountered high grade gold values in several areas, and the latter two targets have characteristics indicating that similar high-grade mineralization may exist beneath cover. The abundance of sulphides at very shallow depths in the initial high-grade holes has led to consideration of geophysical surveys to trace such structures through cover. Exploration work is also advancing to develop additional new areas for drilling in several areas identified during reconnaissance work.