Prismo Metals Inc. announced that it has received permit approval from the Bureau of Land Management ("BLM") for ten drill pads, at the Hot Breccia copper project in Southern Arizona. The drill pads will allow for drilling to test the prospective stratigraphy below the cover volcanic rock over a wide area, and in particular the large conductive anomaly identified by Prismo's 2023 ZTEM survey. Ground mapping, prospecting and sampling conducted earlier this year has supported the targeting process and target selection.

A bond has been posted with the Bureau of Land Management as the final step required before proceeding. Preparatory work in advance of drilling will be expedited by Prismo through the utilization of existing road infrastructure built in the 1970's, which requires only minor repair and maintenance. Upon confirmation and acceptance of the bond by BLM, road upkeep and maintenance will start to enable drilling to commence in third quarter 2024.

The Company has established a budget of $3.0 million to complete the proposed five drill hole, 5,000 metre program. Each drill hole is intended to drill through the entire Paleozoic carbonate stratigraphy and Prismo anticipates 1,000 metres per drill hole although the exploration team will take advantage of the geological information provided by each drill hole to determine if any holes require extended drilling.