Prismo Metals Advances to Drilling at Historic Silver King Silver Project with Permit Approval and Contractor Engagement

Executive Summary

• Prismo Metals received formal U.S. Forest Service permit approval to commence a fully funded Phase 1 drill program at its historic Silver King Mine project in Arizona.
• The initial program comprises 1,000 m of diamond drilling across nine holes targeting the upper portion of the steeply west‑dipping, pipe‑like mineralized body; mobilization begins on February 20, 2026.
• Funding is secured for multiple drilling phases, and Godbe Drilling LLC has been engaged to execute the work.

Key Details

• Permit Approval: Formal authorization from the U.S. Forest Service to drill from multiple pads within the historic Silver King Mine area.
• Program Scope – Phase 1:
• 1,000 m of diamond core drilling planned.
• Nine holes targeting the upper half of the steeply plunging mineralized pipe and adjacent zones.
• Mobilization to site scheduled for February 20, 2026.
• Funding: The drill program is fully funded; additional financing in place for subsequent phases that may test deeper levels and adjacent targets.
• Contractor Engagement: Godbe Drilling LLC (Colorado‑based) selected to conduct Phase 1 drilling; possesses extensive experience in Arizona.
• Exploration Rationale: Aim to evaluate high‑grade silver and base‑metal mineralization historically produced at the mine (≈6 M oz Ag, 61–21 oz/ton grades) and assess potential extensions beneath historic workings.
• Strategic Context: Project lies within the Arizona Copper Belt, ~3.4 km from the Resolution Copper joint venture (Rio Tinto/BHP), enhancing its strategic significance.
• Qualified Person: Dr. Craig Gibson, PhD, CPG, Chief Exploration Officer and director, reviewed and approved all technical disclosures per NI‑43‑01 standards.

Notable Quotes

• Dr. Craig Gibson, Chief Exploration Officer: “Receiving approval for drilling at Silver King is a key milestone as we transition from surface exploration into active testing of the system… we are well positioned to evaluate the significant exploration potential of this historic, high‑grade silver system.”
• Alain Lambert, CEO: “Following a very smooth permitting process with Forest Service, we are now ready to conduct the first ever comprehensive drill program at Silver King… I expect the drilling program to heighten attention.”