Prismo Metals CEO Craig Gibson: A Potentially Major Ore Body at Palos Verdes #silverstocks #gold | Summary and Q&A

TL;DR

Prismo Metals CEO, Craig Gibson, discusses the company's two projects in Mexico, with a focus on the Palos Verdes project and its promising drilling results.

Key Insights

• ✋ Prismo Metals' Palos Verdes project has shown high-grade silver and gold drill results, making it an exciting prospect.
• 🙈 The project's elevated structural elevation suggests a preserved ore system, potentially adding to its economic significance.
• 🙈 The company has started a phase three drilling program to explore deeper levels of mineralization, aiming to confirm the presence of a major ore body.
• 😤 Prismo Metals' management team, including experienced geologists and capital market experts, instills confidence in investors.
• ✋ The Los Pavitos property is another project of interest for the company, with previous mapping and sampling indicating high-grade gold in narrow veins.
• 🤘 Prismo Metals' timing for investment is opportune, as they embark on a drilling program that could result in a significant discovery.
• 🌱 The company plans to provide regular updates through news releases, including assay results and progress on the Los Pavitos property.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: What makes the Palos Verdes project unique and promising?

The Palos Verdes project stands out due to its elevated structural elevation, indicating a preserved ore system that hasn't been eroded as much as other veins in the district.

Q: What is the next step for Prismo Metals after receiving drilling results?

The company has started a phase three program to drill deeper underneath the previous intercepts and confirm the presence of significant mineralization. Success would require further drilling and potentially lead to production or a sale to another group.

Q: Is Prismo Metals attracting interest from potential buyers or partners?

While the company has been in discussions with various parties, no agreements have been finalized yet. However, Prismo Metals' positive results and track record are likely to attract attention.

Q: Does Prismo Metals have the financial resources for its drilling program and future projects?

Currently, the company has the necessary finances for the ongoing drill program. However, additional financing may be required later in the year for further exploration or work on other projects.

Summary & Key Takeaways

• Prismo Metals has two projects in Mexico, with Palos Verdes being more advanced and showing high-grade silver and gold drill results.

• The Palos Verdes project is adjacent to Fissula Silver, a major silver discovery, and Prismo Metals aims to drill underneath for a potentially significant ore body.

• The company has commenced its third drilling program to explore deeper levels of mineralization and confirm the presence of a major ore system.