Prismo Metals Sells Hot Breccia Copper Project to Blade Resources, Focuses on Silver King in Arizona
Prismo Metals has sold its Hot Breccia copper project in Arizona to Blade Resources for CAD 185,000 and 6.75 million shares, equating to a 24% stake. The sale aims to streamline resources amid a shortage of geologists and drilling teams in North America. The company is now focusing on its Silver King project, where drilling has commenced, amidst high interest due to proximity to Resolution Copper. Initial drilling results have confirmed silver mineralization at Silver King, with further exploration planned.
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Prismo Metals sold its Hot Breccia copper project in Arizona to Blade Resources for CAD 185,000 and 6.75 million shares, representing a 24% stake. This strategic move aims to optimize resource use amid a shortage of geologists and drilling teams in North America.
Prismo is now concentrating on the Silver King project, where drilling began at the end of February. Initial results have confirmed silver mineralization, which has attracted attention due to its location near Resolution Copper. The ongoing 1,000-meter drilling program aims to explore high-grade mineralization areas, potentially driving market interest in Prismo's shares.
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