Prismo Metals Inc. announced results for the second group of drill holes completed at Los Pavitos, a 5,300 ha Project in the well mineralized Alamos region of southern Sonora State, Mexico. The highlight hole is LP-AU-23-01, the first hole ever drilled at Las Auras, which intersected 3.58 g/t gold over 1.15 meters (core length) within a wider interval of 3.65 m (core length) with 2.33 g/t gold and 87.6 g/t silver. Adding these results to the high gold reported in the first drilling at the Mina Hedionda in the Santa Cruz zone shows that significant gold grades are being encountered across the property.

Also notable are the results for hole LP-SE-23-09 drilled on the Southeast Santa Cruz structure that also showed this gold plus silver signature, intersecting 106g/t silver with 0.51 g/t gold over 5.27 meters (core length). The Southeast Santa Cruz structure also has a relatively silver rich surface expression. Several of the remaining holes reported here intersected wide zones of anomalous gold mineralization, including 40.8 meters (core length) with 0.16 g/t Au in hole LP-SC-23-12.

The first stage of the drill program has now been completed with 2,370 meters of HQ core drilled in 25 holes. Assay results have been received for 17 holes, 8 holes reported here and the first 9 holes reported previously. Assays are pending for the remaining 8 holes.

This program was the first ever drilling at Pavitos and was designed to determine the overall mineralization style(s) and geometry of structures defined by surface mapping and sampling in separate areas of the project, including Las Auras, Santa Cruz and Santa Cruz Southeast and the Oromuri and La Espanola areas. Exploration work is currently advancing to develop additional new areas for drilling in several areas identified during reconnaissance work. Mapping and surface sampling over the last year and a half have delineated several kilometer-long mineralized structures and encountered high grade gold values in several areas with local high silver grades.

Results of the initial drilling at the Santa Cruz target (Figure 1) followed by drill testing of the Las Auras target (Figure 2), has been in line with the surface sampling. The other targets, Oromuri and Española targets (Figure 3), have characteristics indicating that similar high-grade mineralization may exist beneath cover, and drill results are pending. The abundance of magnetic pyrrhotite-bearing sulphides at very shallow depths in the initial high-grade holes indicates that geophysics, including a drone based magnetic survey and potentially other geophysical methods should help define additional drilling targets through cover.

Exploration work is also advancing to develop additional new areas for drilling in several areas identified during reconnaissance work.