Discovery and Exploration - Q1 2023 - CSE: PRIZ OTCQB: PMOMF
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CSE: PRIZ
OTCQB: PMOMF
Discovery and
Exploration
Q1 2023
W W W. P R I S M O M E TA L S . C O M
PRISMO METALS
Disclaimer CSE: PRIZ
Non-Reliance
This presentation does not provide full disclosure of all material facts relating to Prismo Metals Inc., or its securities, and is not subject to such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the
liability for misrepresentations under applicable securities legislation. results discussed in the forward-looking statements, including Prismo’s limited financial history, including a history of losses, the early
stage of the business, operating in an industry populated with significantly larger competitors, dependence on management, rapid
technology changes, and infringement of intellectual property rights.
General
This presentation is property of Prismo Metals Inc. (the “Company”, “Prismo”, “us” or “we”) and is strictly confidential. It cannot be
circulated or forwarded without our consent. Any graphs, tables or other information demonstrating our historical performance or that of All forward-looking information in this presentation is made as of the date hereof. Except as expressly required by applicable law, we assume
any other entity contained in this presentation are intended only to illustrate past performance and are not necessarily indicative of our no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
or such entities’ future performance. The information contained in this presentation is accurate only as of the date of this presentation
or the date indicated. No securities regulatory authority has expressed an opinion about the securities described herein and it is an All of the forward-looking information contained in this presentation is expressly qualified by the foregoing cautionary statements.
offence to claim otherwise.
Non-IFRS Measures and Industry Metrics
Cautionary Note Regarding Forward-Looking Information This presentation may make reference to non-IFRS measures, which are financial and operating metrics used in our industry. These
This presentation contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) non- IFRS measures and industry metrics do not have standardized meanings prescribed by IFRS and therefore may not be comparable
within the meaning of applicable securities laws. Forward-looking information may relate to our future financial outlook and anticipated to similar measures presented by other companies. this is used to provide investors with supplemental measures of our operating
events or results and may include information regarding our financial position, business strategy, growth strategies, addressable performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures.
markets, budgets, operations, expected future financial results – including revenues expectations as stated herein, plans and We also believe that securities analysts, investors and other interested parties frequently use non-IFRS measures and industry metrics
objectives. In some cases, forward-looking information can be identified by the use of forward looking terminology such as “plans”, in the evaluation of issuers. Our management also uses non-IFRS measures and industry metrics in order to facilitate operating
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or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In
addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances
contain forward-looking information. Completion of investor documentation
Any securities issued to investors by the Company shall not have been and will not be registered under the United States Securities Act
Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates of 1933, as amended (the “U.S. Securities Act”), or under any U.S. state securities laws, and may not be offered, sold, directly or
and projections regarding future events or circumstances. This forward-looking information and other forward-looking information are indirectly, or delivered within the United States of America, its territories or possessions, any state of the United States or the District of
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Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying release does not constitute an offer to sell or a solicitation of an offer to buy such securities in the United States, Canada or in any
opinions, estimates and assumptions will prove to be correct. Certain assumptions in respect of our ability to execute our growth other jurisdiction where such offer, solicitation or sale is unlawful.
strategies; our ability to retain key personnel; our ability to maintain and expand geographic scope; our ability to obtain and maintain
existing financing on acceptable terms; currency exchange and interest rates; the impact of competition; the changes and trends in our Any securities issued to investors by the Company shall not have been recommended by any Canadian provincial securities or
industry or the global economy; regulatory authorities, the United States Securities and Exchange Commission or any state securities commission or regulatory
and the changes in laws, rules, regulations, and global standards are material factors made in preparing forward-looking information authority, nor have any of the foregoing authorities passed on the accuracy or adequacy of this presentation or the offering. Any
and management’s expectations. When relying on forward-looking statements to make decisions, we caution readers not to place representation to the contrary is a criminal offense.
undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as
guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which
2 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM
Investment Highlights CSE: PRIZ
Successful Explorers Three Major Opportunities
Three successful explorers with
multiple major discoveries:
PALOS VERDES LOS PAVITOS HOT BRECCIA
Surrounded by Vizsla Silver District scale land position Located in world famous
Dr. Craig Rafael Dr. Peter
Gallardo Megaw Corp. (TSXV: VZLA) ~$379 m with numerous mines in Arizona Copper-belt surrounded
Gibson
market cap district by major producing mines
2,500-meter drilling program Exploring for multi-million Geological model mirrors near-
Low overheads: no fix salaries planned in 2023 oz high grade gold deposit by Christmas mine that has
produced 363M lbs.' Cu, 2.1M
$5m in cash and marketable High grade veins intercepted, Advancing to the drilling oz. Ag & 55,026 oz. Au
securities 70% of vein is unexplored stage by early 2023
Attractive deal terms to acquire
Fully funded through 2024 Bonanza grade results from 75% interest
previous drilling campaigns
Diversified:
Geographically
Precious metals & copper
3 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM
Investment Highlights CSE: PRIZ
Capital structure
Shares held by officers, directors, & advisors 11,383,751 28.7%
Vizsla Silver Corp. (TSXV: VZLA) 4,000,000 10.1%
Institutions 5,800,000 14.6%
Float 24,540,361 46.6% Common
shares held
Total shares Outstanding (basic) 39,671,729 100% Float 46.6% 28.7% by officers,
directors,
Agent’s options (1) 549,500 and advisors
Founders Warrants (2) 700,000
Officers, directors & advisor options (3) 2,760,000
Warrants (4) 1,683,333 10.1%
Warrants (institutions) (5) 2,900,000 14.6%
Warrants (Vizsla Silver) (6) 2,000,000 Vizsla Silver
Hot Breccia (7) 2,370,000 (TSXV: VZLA)
Institutions
Sub total 9,323,143
Total outstanding (fully diluted) 50,264,562
(1) WAEP of $0.70
(2) Exercisable at $0.10 per share
(4) Exercisable at $0.45 per share (December 2021 Financing)
(5) Exercisable at $0.75 per share (December 2022 Financing)
(6) Exercisable at $0.75 per share
29% Strong Management /
Advisor Ownership $15.8M
Low Market
Capitalization
(3) WAEP of $0.15
(7) Over four years to earn
4 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM
EXPLORATION
Roadmap & Catalysts CSE: PRIZ
DRILLING THREE PROPERTIES IN 2023
PALOS VERDES LOS PAVITOS HOT BRECCIA
• 3,100 METERS DRILLED • MAPPING AND SAMPLING • IDENTIFY TARGETS
3,100 meters drilled on project Continue mapping and sampling to Identify high-potential targets for
define drill targets breccia / chimney / mantos
• High grade intercepts some
bonanza grades • Fly aeromagnetic / VTEM survey to help define
• FINALIZE ANALYSIS full shape of the sulfide system (Q2 2023)
• STRATEGIC INVESTMENT Finalize analysis of LiDAR survey data • Sample surface outcrops and breccias
(Q2 and Q3 2023)
Strategic investment by Vizsla Silver –
10.1% ownership • ACCESS AGREEMENT
• DRILL & BUILD TARGET CONCEPT
Surface access agreement in place
• Compile geophysics, historical data
• ENVIRONMENTAL PERMIT
Awaiting new environmental permit to test • DRILL PERMITTING • Twin two existing holes to build a target concept
portion of vein strike from new drill access Drill permitting in progress
• Design additional hole targets (Q3 & Q4 2023)
• ADDITIONAL DRILLING PLANNED • DRILLING PLANNED FOR Q2/Q3
2,500 meters of additional drilling planned to • DRILLING PLANNED
Drilling of up to 5,000 meters planned for
test unexplored vein in Q1 2023 Q2 and Q3 2023 Further drilling (2024)
5 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM
THE COMPANY
Discovery Team CSE: PRIZ
STEVE ROBERTSON, B.Sc. & P.
DR. CRAIG GIBSON RAFAEL GALLARDO Geo. DR. PETER MEGAW
DIRECTOR, PRESIDENT & CEO DIRECTOR TECHNICAL ADVISOR CO-FOUNDER & ADVISOR
Co-founder ProDeMin in 2009, a Consultant geologist with Minera Over 30 years of experience focused on copper Co-founder of MAG Silver Corp. and
firm providing exploration related Cascabel since March 1992. Acts as exploration in North America. He is the founding Minaurum Gold Inc. He and his team are
services. Thirty years exploration Mexico Exploration Manager of CEO of Infinitum Copper and prior to that Sun credited with MAG Silver’s Juanicipio
experience in Mexico. Teams Minera Goldzone S.A. de C.V. (since Metals. At Sun Metals, Steve led his team to discovery in the famous Fresnillo District
credited with discovery of several March 2011). Mr. Gallardo-Romero discovery of a copper-gold skarn deposit, resulting and Excellon Resources Inc’s Platosa
major precious metals deposits. graduated from the University of in a corporate merger. Earlier, he spent 24 years Mine. He received his doctorate from the
Certified Professional Geologist of Sonora with a degree in Geology in at Imperial Metals where he directed the deep University of Arizona and has more than
the American Association of 1984. Responsible for Los Pavitos drilling program at Red Chris which revealed a 35 years of experience exploring for
Professional Geologists and exploration to date. world-class copper-gold deposit that has been silver and gold in Mexico. Awarded the
Qualified Person under NI 43-101. subsequently developed into a mine. He was a 2017 Thayer Lindsley Award for the 2003
2016 co-recipient of the E.A. Scholz Award for discovery of the Juanicipio silver deposit
Excellence in Mine Development. in the Fresnillo District.
6 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM
PANUCO-COPALA DISTRICT
Drilling the Palos Verdes Vein CSE: PRIZ
• Surrounded by Vizsla Silver
~ $319 m mkt cap & same
geological context
• Vizsla has 105 m oz resource
• Vizsla strategic investment: 10.1%
ownership interest in Prismo
Palos Verdes vein
• 750 meters strike, 70% unexplored
• Past drilling shows high grades
• 8.42 g/t Au and 2,336 g/t Ag
• Drilling positive for a large ore
shoot, potential for economically Above: Palos Verdes vein
important orebody Left: Land map for the Panuco Copala district showing the
Palos Verdes Property location in magenta in the northeastern intersected in recent hole
• Currently drilled 18 holes - 3100 m portion of the district, with Vizsla Silver in light blue PV-22-14, no assays
7 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM
PALOS VERDES
2023 Drilling CSE: PRIZ
2023 drilling area
• Expanded environmental
drilling permit expected in
early 2023
Surface
• Drilling 2,500 meters of drilling exposure
of vein
planned in Q1/23
• 70% of Palos Verdes vein
remains unexplored
• Input from Technical 2023 drilling
area
Committee and Vizsla Silver
8 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM
Los Pavitos: Elephant Hunting CSE: PRIZ
• Large land position 5,289 hectares staked Northwest Sonora gold
by Peter Megaw and Rafael Gallardo belt with possible
extension to Los Pavitos
• Assays up to 40 g/t Au and 160 g/t Ag from
quartz veins LEGEND
Caborca
• Possible extension to orogenic gold of NW Orogenic
gold belt
Sonora Los Pavitos
• Developing gold province over last two
Property
LOS PAVITOS Mines
decades PROPERTY Location
• 15-20 million ounces of gold resources Road
and production combined
• La Herradura, Noche Buena, Chanate
• Exploring for similar deposits in similar rocks LiDAR interpretation
as a possible extension of belt to south of Santa Cruz
structural zone
• Drill permit application submitted
• Drilling planned for Q2 and Q3 2023
9 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM
HOT BRECCIA
Tier 1 Jurisdiction CSE: PRIZ
Tier 1
Jurisdiction
• Since 1910, Arizona has been the in the Arizona
nation’s leading producer of copper.
Copper Belt Pinto Valley
Miami
1.6Bt@0.63% Cu
• Today, 68% of all the copper 1.6Bt@0.28% Cu
produced in the U.S. comes from PHOENIX
Arizona
SUPERIOR
Christmas Morenci
Resolution 433Mt@0.38% Cu 6.4Bt@0.52% Cu
• There are 27 major mines in 1.8Bt@1.53% Cu
Arizona, including 10 major copper FLORENCE
mines which produce 23 to 632
million pounds of copper per year. Ray
1.6Bt@0.68% Cu HOT BRECCIA
• Most of the copper mined in Arizona CASA GRANDE
comes from porphyry copper ORACLE
SAN MANUEL
San Manuel
deposits. These are copper ore LEGEND
1.4Bt@0.6% Cu
deposits associated with intrusive Town
Copper Mine
igneous rocks similar to granite. Copper Smelter Mission
TUCSON
Road 940Mt@0.5% Cu ARIZONA
Rail Line
Bisbee
(60km)
0 50KM Sierrita/Twin Buttes 399Mt@0.68% Cu
3.2Bt@0.36% Cu
10 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
Location CSE: PRIZ
• Located in Pinal and Gila Counties of Arizona, To Phoenix
To Globe
USA covering a total area of 1,420 hectares
Chilito
• Nearest major cities and airports are Tucson and Christmas Mine
Phoenix.
Legend
Kennecott drilled seven holes from 1972 to 1981
San Carlos Apache Reservation
• Historical Drill Holes
• Phelps Dodge drilled two holes on and near the Deposit
current property in the same era. Hayden Smelter
Main Road
• All drill holes reported: San Carlos Apache
Reservation
OC-3
Hot Breccia OC-5 OC-6
• hydrothermal alteration within the volcanics Property OC-2 OC-1
OC-8
PD 2
Christmas Mine OC-7
• increasing alteration intensity downwards
• Paleozoic carbonate host units have several
copper intercepts reported to exceed 1% Hayden Smelter
copper and elevated zinc.
(ASARCO) PD 1
To Tucson
11 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
Location CSE: PRIZ
• Arizona State Highway 77 bisects the property
• ASARCO's Hayden Smelter is located 3 km away
from the property
• The historic Christmas mine owned by Freeport is
4 km away
• Powerlines nearby
12 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMAdditional Technical and Geological Information
CSE: PRIZ
Palos Verdes Slides 14 to 23
Los Pavitos Slides 24 to 28
Hot Breccia Slides 29 to 36
CSE: PRIZ
13 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMOVERVIEW
Palos Verdes CSE: PRIZ
• Surrounded by Vizsla Silver Corp. (TSXV: VZLA)
• Vizsla strategic partner with 10% ownership
• Within the historic Panuco silver-gold district in
Sinaloa, Mexico with important historic precious
metal production
• Important mining region with several current
and past exploration projects:
• Panuco project, Picachos project,
Plomosas & Trinidad projects
• Located on the interstate highway from Mazatlan
to Durango with excellent infrastructure
• 50 km from Mazatlan
• Sierra Madre Au-Ag Belt
The Palos Verdes Property location in Sinaloa State, northwestern Mexico.
Located in west central Sinaloa, about 50 km northeast of Mazatlán.
14 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMPALOS VERDES
Panuco District CSE: PRIZ
Panuco district
• Numerous veins with important historical
production mainly from the central portion of the
district where ore shoots exposed by erosion
• Northwest to northerly striking veins
• Northeast striking veins
• Much of the district has been consolidated
by Vizsla Silver Corp., Prismo’s strategic partner
Palos Verdes
• Near the northeastern limit of district
• At higher structural level - less erosion
• Mineralized portion of the vein appears
to be entirely preserved
Land map for the Panuco Copala district showing the Palos Verdes
Property location in magenta in the northeastern portion of the district, with
Vizsla Resources in light blue. Important vein orientations are northwest
and northeast.
15 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMPALOS VERDES
Geology CSE: PRIZ
N
Low sulfidation epithermal veins
• Palos Verdes exposed over 750-meter strike
50 m
length northeasterly along center of concession
• Hosted by andesitic volcanic rocks (green) and
cut be a second northwesterly trending
structure (yellow)
• Vein material on NW structure
• Surface samples with anomalous Ag
• Vein exposed in 70m long tunnel
• As much as 500 g/t Ag, 6 g/t Au over 1m
• Vein textures indicate exposures at high
structural level, potential for completely
preserved ore shoot
Geologic map of a portion of the Palos Verdes concession & surrounding areas
16 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMPALOS VERDES
Veins & Textures CSE: PRIZ
Multistage veins
• Early quartz possibly with adularia
cutting propylitized andesite
• Mineralized bands
• At least two stages
• Au + Zn
• Polymetallic Ag+Au+
Pb+Zn(+Cu)
• Some sulfide rich bands occur
outside of main structure
• Late stage cockscomb quartz with
some amethyst
• Multiple hydrothermal brecciation
events
17 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMPALOS VERDES
Drilling CSE: PRIZ
Three Phases Completed from 2018-
2022 showing high grade intersections
• 3,130 meters of HQ core drilled in 18 holes
at southwestern end of vein Surface
exposure
of vein
• All holes that tested Palos Verdes vein cut
mineralized vein, shallow intercepts
PV-22-17, 18
• High grade intercepts defining potential ore
shoot PV-22-16
• Further drilling planned in areas that are not 50 m
currently accessible for drill pads planned for PV-22-11 to 13
early 2023
Drill hole map for the Palos Verdes Property showing locations of drill holes PV-22-14, 15
from the 2018 (orange), 2020 (cyan) and 2022 (purple) programs
18 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMPALOS VERDES
Drill Highlights CSE: PRIZ
Est True Ag eq
Hole From (m) To (m) Width (m) width (m) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) (g/t) Intercepts from the
PV-01 23.90 28.80 4.90 4.2 0.89 31 0.21 0.30 2.63 216 Palos Verdes vein drilling
PV-02 40.35 48.70 8.35 5.5 1.69 474 0.54 1.09 3.84 795
Assay values from drill hole intercepts
incl. 45.25 48.70 3.45 2.3 3.75 1098 0.67 1.99 3.00 1581 from Palos Verdes Property
incl. 46.55 47.70 1.15 0.8 8.42 2336 0.27 1.72 2.46 3175
PV-03 31.30 40.65 9.35 7.0 1.45 15 0.05 0.11 1.04 178
incl. 39.55 40.65 1.10 0.8 12.15 50 0.26 0.53 5.01 1263
PV-06 70.55 75.85 5.3 3.2 0.13 69 0.14 0.12 0.29 220
incl. 75.00 75.85 0.85 0.5 0.46 317 0.12 0.09 0.21 365
PV-09 87.10 88.95 1.85 1.3 0.73 38 0.19 0.61 3.89 267
114.8 115.5
PV-11 0.7 0.42 4.18 207 0.02 0.02 0.02 553
5 5
PV-12 117.9 118.8 0.9 0.54 3.18 13 0.01 - - 276
*True width estimated based on the drill hole
PV-15 263.5 272.5 9 5.4 1.02 16 0.23 1.10 1.41 187 azimuth and inclination and vein dip.
266.4
incl. 272.5 6.05 3.6 0.91 22 0.33 1.61 2.04 222
5
PV-17 47.60 51.10 3.5 3 0.43 115 0.28 0.47 0.81 200
incl. 47.60 48.65 1.05 0.9 1.18 297 0.56 1.18 1.97 516
19 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMPALOS VERDES
2018 Exploration CSE: PRIZ
Interval 46.65-49.00
meters in hole PV-02
• The 2018 exploration program was a containing most of
first test of the Palos Verdes vein sample 13587
system assaying 8.42 g/t Au,
2,335.98 g/t Ag,
• Multistage nature of Palos Verdes 0.27% Cu, 1.72%
vein evident in the drill results. Pb and 2.46% Zn
over 1.15 m.
• Multiple stages of veining
and brecciation
• Bladed calcite textures
Interval 39.25-41.35
• High grade mineralization is meters in hole PV-03,
associated with sulfide-rich zones sample 13410 assayed
within quartz vein breccia with multiple 12.15 g/t Au, 50 g/t
stages of mineralization visible Ag, 0.26% Cu, 0.53%
Pb, and 5.01% Zn
over 1.1 meters.
20 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMPALOS VERDES
2020 Drill Program CSE: PRIZ
Drill holes PV-20-06
& PV-20-08
• Drill holes PV-20-06 and PV-20-
08 tested the Palos Verdes vein
system down dip from the high-
grade intercept in hole PV-18-02
• Both holes hit multistage quartz
veining with variable sulfide
mineral content
• 0.85 m with 317 g/t Ag, 0.5 g/t
Au
Photos of cut core from holes PV-20-06.
The left photo is Box 25 from hole PV-20-06, the
central photo is Box 29 from the same hole, and
the right photo is Box 34, with 0.85 m with 317 g/t
Ag, 0.5 g/t Au BOX 25 BOX 29 BOX 34
21 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMPALOS VERDES
Drill Program 2022 CSE: PRIZ
Cross Section 0
PV-22-
• Tested over 150 meters vertically 1.05 m @ 516 g/t AgEq
4.9 @ 216 g/t AgEq 11
• Multistage quartz veins with variable PV-18-
01
sulfide content
8.35 m @ 795 g/t AgEq
• Possible offset on cross fault with 1.15 m @ 3175 g/t AgEq
• Vein splitting into several strands
• High grade assays 0.85 m @ 365 g/t AgEq
0.7 m @ 553 g/t AgEq
PV-22-
17
PV-20-
06
PV-18-
02
50 m
INTERCEPT IN PV-22-17
Schematic cross section 0 showing high grade intercepts and possible fault offset
22 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMPALOS VERDES
Drill Intercepts CSE: PRIZ
Defining an ore shoot
• Drilling has been successful in identifying high
grade mineralization typical of the district
• Vein intersected in all holes
• Mineralized to shallow levels
• Open along strike and at depth
• Possible significant ore shoot similar to other
veins in the district
• Permitting of new drill sites to test the
northeastern portion of the vein is in progress
• Drilling to resume in early 2023
Longitudinal vein projection of the Palos Verdes vein showing composite intercepts for
the holes previously drilled and the approximate locations of the intercepts from the
2022 program with the open black circles and planned intercepts, open orange circles.
23 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMLOS PAVITOS
Los Pavitos: Potential CSE: PRIZ
Orogenic Gold Deposit?
• Los Pavitos provides an opportunity to
explore for a deposit that may be similar to
deposits discovered and put into production
over the last two decades in northwestern LEGEND
Sonora Orogenic Gold Belt Caborca
Orogenic
• These have provided on the order of 15-20 gold belt
million ounces of Au resources and gold Los Pavitos
Property
production totaling more that 5 m oz Mines
Location
Road
LOS PAVITOS
PROPERTY ARIZONA
A Northwest trend of orogenic gold deposits has been delineated in
northwestern Sonora State since the 1990’s
24 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMLOS PAVITOS
Los Pavitos Overview CSE: PRIZ
• Los Pavitos project consists of one concession
covering 5,289 hectares staked by Mineral
Cascabel
• Jorge Rafael Gallardo-Romero from Minera
Cascabel (and a Prismo director) played a key
role in assembling Los Pavitos
• This concession surrounds several smaller
concessions that cover a portion of numerous
small historic workings
• Reconnaissance work show interesting metal
values in assays
• NI 43-101 technical report dated March 2021
The Los Pavitos Property surrounds small interior concessions
25 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMLOS PAVITOS
Recent Exploration CSE: PRIZ
Exploration 2022 to early 2023
• Geologic mapping and sampling
completed over the main area of interest
at the project
• Several important structural trends
delineated
• Data collection for LiDAR survey
completed over about 40 square
kilometers (approximate area of fig.)
Silicification with pyrite
Geologic map of the Los Pavitos project showing main structures
from exploration mapping, and inset with highlighted gold assays.
26 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMLOS PAVITOS
Recent Exploration CSE: PRIZ
Target definition
Las Auras
• 290 samples taken, assays received for
198 to date. More results expected in
Feb.
• Important gold assays in Las Auras and Oromuri
Santa Cruz areas with as much as 10.15 Santa Cruz
and 28 g/t Au respectively, with local
silver and anomalous arsenic
• Area of strong veining and silicification
with abundant pyrite in southeastern
corner, assays pending
• Data collection for LiDAR survey
completed over about 40 square
kilometers (approximate area of fig.)
Silicification with pyrite
Geologic map of the Los Pavitos project showing main structures
from exploration mapping, and inset with highlighted gold assays.
27 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMLOS PAVITOS
Recent Exploration CSE: PRIZ
Completed in June 2022
• Data collection for LiDAR
survey completed over about
40 square kilometers
• Preliminary in-house
interpretation
• Picks out features through
vegetation
• Several important structural
trends delineated
• Further interpretation in
progress
Enlarged view of the central portion of the Los Pavitos concession showing
features visible in the LiDAR data, including small mine workings and trenches
along the Santa Cruz structural zone.
28 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
The Arizona Copper Belt CSE: PRIZ
• Hot Breccia project is a new acquisition, located in
the heart of the great Arizona Copper Belt, USA.
• Adjacent to Christmas Mine and Hayden Smelter
• 90 minutes drive from Phoenix and Tucson
Total Cu Endowment Hot Breccia Project
Copper Deposit
(Blb Cu)
Morenci 74.7
Resolution 60.1
Miami 22.0
Ray 21.0 ARIZONA
Sierrita-Esperanza 13.2
Pinto Valley 12.6
San Manuel-Kalamazoo 11.8
References:
• U.S. Geological Survey, 2005, Mineral Resources Data System:
U.S. Geological Survey, Reston, Virginia
• Various USGS reports
29 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
Hot Breccia: Target
CSE: PRIZ
CSE: PRIZ
OTCQB: PMOMF
• The Hot Breccia property was generated through
research and compilation of historical data
• The same productive geologic units that host high-
grade, copper skarn mineralization at the adjacent,
past-producing Christmas Mine, have been found
at Hot Breccia
• The Hot Breccia target is similar to the past producing
Christmas Mine but is covered by volcanic rocks
30 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM Breccia dike or pipe DISCOVERY & EXPLORATION
cutting up through | WWW.PRISMOMETALS.COM
volcanic cover (Courtesy: Walnut Mines LLC)HOT BRECCIA
Attractive Deal Terms CSE: PRIZ
• Prismo Metals has an option to earn from Infinitum
Cooper Corp. (TSXV: INFI) a 75% interest in the Hot Exploration
Year Property payments
Breccia project located in the heart of the great expenditures
Arizona Copper Belt, USA.
• Upon signing of definitive agreement: 2023 $500,000 $165,000
• $350,000
• 500,000 shares of Prismo 2024 $1 million $100,000
2025 $1.75 million $275,000
“Prismo has enough cash on hand to meet all
property payments and minimum exploration 2026 $2 million N/A
expenditures on all its projects, including
Hot Breccia, through 2024.”
Total $5.25 million $540,000
Craig Gibson, President and CEO
All in Canadian dollars
31 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
Adjacent Christmas Mine CSE: PRIZ
• Adjacent to former producer Christmas Mine (Freeport)
• Same geology as Christmas but under cover of Cretaceous
Volcanics
• Past production at Christmas Mine(1)(2):
• 363 million pounds of Cu (value: US $1.5 billion)
• 2.1 million ounces Ag (value: US $50 million)
• 55,026 ounces Au (value: $106 million)
• Christmas Mine mineralized material(3):
• 1.7 billion pounds Cu
• 329,400 ounces Au
• 6.6 million ounces Ag
Christmas Mine, looking west up Copper Canyon, Circa 2010
(photo provided by Ken Krahulec)
(1) US Bureau of Mines data reported by Arizona Geological Society, White & Thoman, April 2014
(2) Using commodity prices as of January 23, 2022
(3) Freeport 2013 annual report, pages 38 and 39.
32 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
Cross Section CSE: PRIZ
Christmas Mine
Expansion by drilling
• Cross Section of the Christmas Mine area
showing mineralization
(Geology from Briggs)
• The historic Christmas Mine is represented at
the upper left
• The Expansion drilled by Freeport in 2011 &
2012 is to the right of the cross section
Reference:
Briggs, D.F., 2021, History of the
Christmas Mine, Gila County, Arizona.
Arizona Geological Survey Contributed
Report CR-21-A, 45 p.
33 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
Cross Section CSE: PRIZ
NW Christmas SE
Mine
approx. 3 km
• Schematic cross section showing the model for Hot Breccia
the Hot Breccia mineralization Property
• The Hot Breccia deposit is located about 4 km
southeast from the Christmas Mine in a similar Model for Hot
geologic environment Breccia Property
• The Hot Breccia deposit on the right is hosted
by the same rocks as at the Christmas Mine
but at a deeper level, underneath volcanic cover
Reference:
Briggs, D.F., 2021, History of the
Christmas Mine, Gila County, Arizona.
Arizona Geological Survey Contributed
Report CR-21-A, 45 p.
34 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
Drill Holes CSE: PRIZ
To Globe
To Phoenix
• Kennecott drilled seven holes from Chilito
1972 to 1981 Christmas Mine
• Phelps Dodge drilled two holes on and near the Legend
San Carlos Apache Reservation
current property in the same era. Historical Drill Holes
Deposit
• All drill holes reported: Hayden Smelter
Main Road
• hydrothermal alteration within the volcanics San Carlos Apache
Reservation
OC-3
• increasing alteration intensity downwards Hot Breccia
Property
OC-5
OC-2
OC-6
OC-1 PD 2
OC-8
Christmas Mine
Paleozoic carbonate host units have several
OC-7
•
copper intercepts reported to exceed 1%
copper and elevated zinc.
Hayden Smelter
(ASARCO) PD 1
To Tucson
35 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
Drill Holes CSE: PRIZ
• Kennecott reported highlights:
• OC-1: 77’ with 0.54% Cu at 2,100’
• OCC-8: 25’ with 1.73% Cu and 0.11% Zn at 2,305’
and 15’ with 1.4% Cu and 0.88% Zn at 2,350’
• Phelps Dodge drill hole PD 2 reported:
• 1,270 feet of variably mineralized skarn with
several intercepts over 1% copper and a high of
3.16% copper
• Data not available for other holes and certain
sections of reported holes
36 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMHOT BRECCIA
Proposed Exploration Program
CSE: PRIZ
CSE: PRIZ
OTCQB: PMOMF
Hayden Smelter
• Begin permitting process (Q1 2023)
• Estimated permit issuance (Q2 2023)
• Identify high-potential targets for breccia / chimney / mantos.
• Fly aeromagnetic / VTEM survey to help define full shape of the
sulfide system (Q2 2023)
• Sample surface outcrops and breccias (Q2 and Q3 2023)
• Based on VTEM, consider ground surveys (IP or MT):
• Twin or deepen one or more of the historical core holes (Q3 2023)
• Compile geophysics, historical data, and re-drilled information to build
a target concept and design additional holes (Q3 and Q4 2023)
• Further drilling (2024)
37 DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COM DISCOVERY & EXPLORATION | WWW.PRISMOMETALS.COMThank You CONTACT Jason Frame Prismo Metals Inc. | CSE : PRIZ Jason.frame@prismometals.com www.prismometals.com
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