Prismo Metals Continues to Intersect Gold at Los Pavitos

Newsfile Corp.
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3.58 g/t gold over 1.15 meters within 3.65 m carrying 2.33 g/t gold and 87.6 g/t silver

Vancouver, British Columbia--(Newsfile Corp. - December 5, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to announce 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 (Fig. 1), 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 (See Table 1 and Press Release of October 17, 2023) 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 (Figs. 2, 3) 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 (Fig. 3). 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 (See Press Release of Oct 17, 2023). 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 (Fig. 1). Exploration work is currently advancing to develop additional new areas for drilling in several areas identified during reconnaissance work.

"We are very pleased to see continued concentrated precious metals grades in new areas, as well wider zones of dispersed gold values, which we consider positive for bulk mineable mineralization potential," Dr. Craig Gibson, President and CEO commented. He continued, "The results of the first ever drill program at Los Pavitos show that gold values are widespread across the project, confirming surface geochemistry, and provide impetus to continue exploration as only about 30% of the prospective part of the land package has been adequately mapped and sampled to date."

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