Interview with Alain Lambert, CEO of Prismo Metals Inc.

Recording date: 30th January 2025

Prismo Metals (CSE:PRIZ) is advancing its flagship Hot Breccia copper project in Arizona, where the company aims to test a large geophysical anomaly that could represent a significant porphyry copper and skarn system. The project, located in a prolific copper mining district, sits just 40 kilometers from Resolution, one of the world's largest undeveloped copper deposits.

Led by CEO Alain Lambert, Prismo has identified what it believes could be a major copper system at Hot Breccia. The project was previously explored by Kennecott (a Rio Tinto subsidiary) in the 1970s, but historical drilling didn't reach sufficient depths to test the heart of the system. Recent surface sampling has returned values up to 5.6% copper in mineralized fragments, which the company interprets as evidence of a deeper porphyry system.

The company has completed surface mapping, geophysical surveys, and obtained necessary permits for a planned 5,000-meter initial drill program. Prismo has also employed artificial intelligence to reprocess geophysical data, which has helped refine drill targets. While the company had hoped to raise $3 million to begin drilling in early 2024, challenging market conditions have delayed the financing.

Beyond Hot Breccia, Prismo holds two projects in Mexico: Palos Verdes, a silver project adjacent to Vizsla Silver's holdings in Sinaloa state, and Los Pavitos, a gold property in Sonora. However, the company's primary focus remains on Hot Breccia, where success could attract interest from major mining companies already operating in the region, including Rio Tinto, BHP, Freeport-McMoRan, and Grupo Mexico.

The project's location in Arizona provides significant advantages, including excellent infrastructure, proximity to existing mines and smelters, and a supportive mining jurisdiction. This positioning could prove crucial as global copper demand continues to rise, driven by the energy transition and electrification trends. Industry forecasts suggest a potential 10-million-tonne annual copper shortfall by 2035, highlighting the need for new copper discoveries.

Prismo's strategy is focused on discovery rather than development. As Lambert states, "It's going to be a big boy game at the end. We want to find the prize and let somebody else develop it." This approach aligns with the company's goal of delivering value through exploration success and potentially selling to or partnering with a major mining company for development.

The company is fully permitted and has a drilling contractor lined up, ready to begin work once financing is secured.

Learn more: https://www.cruxinvestor.com/companies/prismo-metals

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