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Prismo Metals Inc

CSE:PRIZLive AI agent

Prismo Metals (CSE: PRIZ, OTCQB: PMOMF, FSE: 7KU) is a growth-stage exploration company focused on creating shareholder value through the acquisition, exploration, and development of precious and base metal projects in Mexico and the USA.

Investor website: https://prismometals.com/

About

Prismo Metals (CSE: PRIZ, OTCQB: PMOMF, FSE: 7KU) is a growth-stage exploration company focused on creating shareholder value through the acquisition, exploration, and development of precious and base metal projects in Mexico and the USA. The company is led by experienced mining professionals and is actively exploring projects such as the Palos Verdes Project in Mexico and the Hot Breccia Project in Arizona, which consists of 1,420 hectares of contiguous mining claims in the Arizona Copper Belt.

Verified company data

Shares outstanding
115,163,316
Fully diluted shares
164,049,543
Projects
["Palos Verdes is an intermediate-stage silver exploration project located in Sinaloa, Mexico. The property consists of one concession, Palos Verdes, comprising 22.7707 hectares. It is situated within the Pánuco-Copala mining district, a historically important mining area known for precious- and base-metal bearing epithermal veins. Palos Verdes is an intermediate-stage exploration project located about 65 km northeast of Mazatlán in Sinaloa State, Mexico and is accessed via the interstate highway from Mazatlán to Durango near the village of Santa Lucía. The property consists of one concession, Palos Verdes, comprising 22.7707 hectares (the “Palos Verdes Property”). The Palos Verdes Property is within the Pánuco-Copala mining district, a historically important mining area in the region. Numerous small mines and prospects are located in the region with several intermittently active mines and mills. The district is known for precious- and base-metal bearing epithermal veins. On May 7, 2019, the Company entered into an option agreement with Prospeccion Y Desarrollo Minero Del Norte, S.A. de C.V., a company incorporated under the laws of Mexico (“ProDeMin”) and carrying mineral exploration contracting activities and controlled by the CXO of the Company (the “ProDeMin Option”) to earn up to 75% interest in the Palos Verdes Property. On November 30, 2020, the Company entered into an option agreement with the underlying owner of the remaining 25% of the Palos Verdes Property (the “Palos Verdes 25% Agreement”), thus securing the possibility of earning up to 100% interest in the property. The Palos Verdes vein strikes northeasterly across the concession and is hosted by andesitic volcanic rocks; these rocks are overlain by felsic tuffs to the northeast. Two main veins have been mapped on the property: the northeasterly trending Palos Verdes vein and a northwesterly trending vein and shear zone interpreted from clay alteration and an apparent offset of the Palos Verdes vein. Geological modeling completed after previous drilling indicates the Palos Verdes vein system consists of at least three discrete structures: the main Palos Verdes vein (steep southeast dip), a steeply dipping hanging wall vein, and a relatively flat-lying vein with high gold-silver ratios. Propylitic alteration with chlorite, epidote and pyrite, is the most widespread alteration on the Palos Verdes Property, affecting the andesite in a regional sense. Argillic alteration is observed in fault zones with the presence of kaolinite and gouge. Strong silicification and bleaching of the rock is restricted to zones near quartz veins, hydrothermal breccia and quartz stockworks. Mineralized structures occur as veins, stockworks, and hydrothermal breccias filling fractures or faults with preferred orientations striking northeasterly and northwesterly. The northeast system is the main mineralized trend and is the orientation of the Palos Verdes vein. The width of the vein is generally 0.20 to 5.0 meters, but sometimes up to 10.0 meters. The mineralized structure outcrops along 650 to 750 meters on the Palos Verdes Property. The Palos Verdes Vein consists of banded quartz vein material and hydrothermal breccia and is multistage with milky quartz, light gray quartz and sulfide-rich material. Breccia fragments consist mostly of angular fragments of strongly silicified andesite. The structure has N60°E strike and dips to the southeast at 78 to 82°, although vein flexures and a possible sigmoid structure are observed. Economic minerals consist of argentiferous galena, possible electrum, gold, sphalerite, chalcopyrite and pyrite. The vein is well exposed in the Palos Verdes adit, an approximately 75-meter long working with a shallow winze about halfway along the tunnel. Sampling carried out at the surface and old workings yield as much as 2 g/t Au and 116 g/t Ag in surface exposures and 6.7 g/t Au and 544 g/t Ag in old workings. The wall rocks to the main structure commonly host veinlets and stockworks. Sulfide-rich bands or discrete veins locally cut the main quartz vein and are locally included as fragments in more massive quartz. Local bladed textures presumably of quartz after tabular calcite are observed. The Company has undertaken several drill campaigns at the project and a total of about 6,052 meters has been drilled in 33 holes to date, including 5 holes drilled by ProDeMin in 2018. The expanded drilling program at Palos Verdes commenced on September 24, 2024. This program, planned for 1,250 meters in its first phase and an overall proposed 3,000 meters in stages, is a collaborative effort with Vizsla Silver Corp. It utilizes drill pads on Vizsla’s adjacent concessions to allow for better hole geometry and more efficient testing of the Palos Verdes vein system at depth. This required Prismo’s team and drillers to learn Vizsla’s safety and work protocols. The rugged terrain necessitated manual access and site preparation, which extended the preparation time. The program aims to: trace the down-dip extension of the mineralized shoot in the southwest portion of the vein; seek continuation of the vein across a cross-fault to the northeast, where the vein is believed to have been offset downward; and test the extreme northeasterly extension of the vein system near the historical Jesusita mine. Two holes, PV-24-34 (286.5 meters) and PV-24-35 (318.0 meters), were completed from remote site PV005. The program was curtailed in late November 2024 due to slower than anticipated advances and budgetary considerations, with assay results still pending."]
Leadership
Alain Lambert CEO Mr. Alain Lambert, who co-founded Prismo in 2018, is a lawyer by training and has over 35 years of experience in financing and advising small and medium-sized companies operating in various industries including technology, manufacturing, and the natural resources sector. Mr. Lambert has been involved in private and public financings totaling more than $1 billion. He has an extensive network of investors, investment bankers, analysts, and investor relations professionals. Mr. Lambert acts as an advisor to public and private companies regarding financings, mergers and acquisitions plans, debt structuring as well as going-public transactions. Throughout his career, Mr. Lambert has served as a director and member of the audit committee and governance committee of small and medium-sized private and public companies. He holds a Bachelor of Laws degree (LL.B.) from the University of Montréal and a diploma of collegial studies, specializing in administration from the College Jean-de-Brébeuf, Montréal, Québec. Mr. Lambert was a member of the Québec Bar Association until 2008 when he retired from the Quebec Bar. Between 2009 and 2012, Mr. Lambert served as the Chairman of the Québec Advisory Committee to the TSX Venture Exchange and sat on the Exchange`s National Advisory Committee, a committee of experts that advises the Canadian small-cap exchange on policy matters, proposed regulatory changes, and business strategy. Gordon Aldcorn President Gordon Aldcorn brings over 20 years of experience in capital markets and junior public company development, including the past five years in corporate management of copper/gold exploration projects. He is committed to responsible mineral exploration and long-term stakeholder engagement. His leadership is expected to support Prismo’s exploration and capital markets activities as the company advances its projects in Mexico and Arizona. Craig Gibson CXO Craig has experience in the minerals industry. He received his B.S. (1984) in Earth Sciences from the University of Arizona and his M.S. (1987) and Ph.D. (1992) in Economic Geology and Geochemistry from the Mackay School of Mines, University of Nevada, Reno. He co-founded Prospección y Desarrollo Minero del Norte, S.A. de C.V. (ProDeMin) based in Guadalajara, Mexico, in 2009, a consulting firm providing a broad spectrum of exploration-related services to the mining industry. Dr. Gibson is also a Director of Garibaldi Resources Inc., a Vancouver-based junior exploration company, is a Certified Professional Geologist of the American Association of Professional Geologists, and is a Qualified Person under NI 43-101. His responsibilities with the Company in his capacity as Chief Executive Officer and President include managing the day-to-day operations of the Company, executing policies implemented by the Board of Directors, and reporting back to the latter. Carmelo Marrelli CFO and Secretary Mr. Marrelli is the principal of the Marrelli Group, comprising Marrelli Support Services Inc., DSA Corporate Services Inc., DSA Filing Services Limited, Marrelli Press Release Services Limited, Marrelli Escrow Services Inc. and Marrelli Trust Company Limited. The Marrelli Group has delivered accounting, corporate secretarial, and regulatory compliance services to listed companies on various exchanges for over twenty years. Mr. Marrelli is a Chartered Professional Accountant (CPA, CA, CGA), and a member of the Institute of Chartered Secretaries and Administrators, a professional body that certifies corporate secretaries. He received a Bachelor of Commerce degree from the University of Toronto. Mr. Marrelli acts as the chief financial officer to several issuers on the TSX, TSX Venture Exchange, and CSE, as well as non-listed companies, and as a director of select issuers. Martin Dupuis Director Mr. Martin Dupuis has over 25 years of experience covering all stages of a project’s life, from exploration through feasibility and engineering studies, construction, mine expansion, and operations. Mr. Dupuis serves as Vizsla Silver’s Chief Operating Officer. He was instrumental in the oversight and delivery of the Company’s maiden resource estimate. Prior to joining Vizsla Silver, Mr. Dupuis was Director of Geology for Pan American Silver, Technical Services Manager for Aurico Gold, and Chief Geologist at several other operations. Louis Doyle Director Mr. Doyle has over 30 years of experience focused primarily on capital markets and public companies. Since 2016, he has also provided consulting services to private companies seeking listing on Canadian exchanges. Since January 2016, Mr. Doyle is the Executive Director of Québec Bourse. Between October 1999 and December 2015, he was the Vice-President, Montréal of the TSX Venture Exchange. As such, he was responsible for business development and listing activities in the Provinces of Québec and Atlantic Canada. During his tenure, he acted as chairman of TSX Venture Listing Committee and was a member of the Policy Committee. Mr. Doyle also led the nationwide TSX Venture Mentorship program and further acted regularly as a speaker and advisor at conferences and workshops. He also holds directorship roles with two other publicly traded companies. Steve Robertson Advisor Steve Robertson has 35 years of mining industry related experience, largely focused on precious metals and copper exploration in North America. He has co-founded and managed several mining exploration companies. As CEO of Infinitum Copper, he guided the company through a public listing and acquisition of projects in Sonora, Mexico and Arizona, USA. Prior to that, he started Sun Metals where the team made a significant copper-gold discovery and completed two corporate mergers. Earlier, he spent 24 years at Imperial Metals, a mid-tier mining company involved in the development and operation of five mines, primarily in British Columbia. In 2013 Steve was appointed as Vice President, Corporate Affairs with responsibilities including government relations, community relations, aboriginal affairs and corporate communications. As a member of the executive team, he was actively engaged in the planning and execution of strategies to meet Imperial’s corporate objectives, including the construction of the Red Chris mine and recovery from the Mount Polly tailings dam breach. Prior to his VP appointment he was Manager of Exploration where he designed and executed many exploration programs including the highly successful deep drilling at Red Chris. Over a five-year period of drilling, the global resource was increased to a contained 24 million ounces of gold and 16 billion pounds of copper. With three and a half decades of experience in exploration and mine operations he has always been actively engaged within the mining community and recently completed his third term as director for the Association for Mineral Exploration and formerly sat on the Geoscience BC Technical Advisory Committee. Mr. Robertson was awarded the 2016 E.A. Scholz Award for Excellence in Mine Development for his leadership role in development of the Red Chris mine. Dr. Peter Megaw, Ph. D. and C.P.G. Technical Advisor Dr. Megaw is best known as co-founder of MAG Silver Corp. (TSX: MAG) and Minaurum Gold Inc. (TSXV: MGG) and he and his team are credited with MAG Silver’s Juanicipio discovery in the famous Fresnillo District and Excellon Resources Inc’s (TSX: EXN) Platosa Mine. He received his doctorate from the University of Arizona and more than 35 years of experience exploring silver and gold in Mexico. He is a Certified Professional Geologist by the American Institute of Professional Geologists and an Arizona Registered Professional Geologist. Dr. Megaw is the author of numerous scientific publications on ore deposits and is a frequent speaker at academic and international exploration conferences. He was awarded the 2017 Thayer Lindsley Award for the 2003 discovery of the Juanicipio silver deposit in the Fresnillo District, ultimately leading to a further 600 million ounces being identified in the immediate area. Dr. Megaw also received the Society of Mining Engineers 2012 Robert M. Dreyer Award for excellence in Applied Economic Geology.

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