Prize Mining (PRZ.V) is coming through on its promises and has initiated its first-ever drill program at the Manto Negro copper project in Mexico’s Coahuila state. Earlier exploration activities have confirmed the existence of several high-grade copper zones (similar to the Kupferschiefer copper district), and the company will commence its exploration activities by focusing on the known deposits at Pilar Grande and El Granizo. Although these properties are almost 20 kilometers away from each other, they are hosted by the same rocks, so it will be very interesting to see the initial drill results and compare the assay results from both deposits.
This initial drill program will consist of 30 holes for a total of 3,000 meters, indicating the holes will reach an average debt of 100 meters from surface. Considering the very strong copper values at surface, this should be sufficient to prove the continuity of these deposits at depth. This exploration program will also pave the way to deploy a similar exploration strategy to the other 33 (!) copper zones at Manto Negro.
We are also pleased to see Bob Archer taking a more active role at Prize Mining. We considered him to be an excellent addition to the company’s board of directors, but according to Prize’s most recent releases, Archer will also act as Qualified Person signing off on the technical releases on Manto Negro.