Prismo Metals to acquire majority interest in Hot Breccia property

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Global Mining Review,

Prismo Metals Inc has announced that it has signed a definitive agreement with Infinitum Copper Corp. to acquire a 75% interest in the Hot Breccia porphyry copper-skarn project located in the Arizona Copper Belt, which is home to some of the largest copper deposits in the world.

The project consists of 227 mining concessions that lie about 4 km from the historic Christmas mine which recorded production of about 481.6 million lb. of copper from 20.2 million t at a grade of 1.2% Cu plus significant gold and silver. The company has not been able to verify the production information and it is not necessarily indicative of the mineralisation on the Hot Breccia property. It is believed that the Hot Breccia property may contain high grade skarn mineralisation similar to that originally mined at the Christmas mine and the historical information is being used by the company solely to plan and guide future exploration.

Dr. Gibson, President and CEO of Prismo stated that:

“This acquisition agreement gives Prismo exposure to a copper system in the world class Arizona copper belt with possible precious metal values. We anticipate beginning exploration work at the project quickly and expect to be drilling before the end of the year. Prismo has enough cash on hands to meet property payments and minimum exploration expenditures on all its projects, including Hot Breccia, through 2024.”

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