Prime Meridian Resources Corp. announced The La Verde Project consists of multiple Copper-Zinc-Silver-Gold skarns and breccias along with the potential for a proximal copper porphyry based on encouraging results from previous exploration. Copper mineralization typically occurs as copper oxides, primarily malachite, chrysocolla and chalcocite, with sulphides reported in small zones and at depth.

The La Verde Grande mine, which was the subject of historical production between 1903 and 1981 is the most advanced of the known targets at the La Verde Project, as it has a historical ore reserve estimate for the central mineralized zone that covers only 110 metres of strike length. The La Verde Grande orebody is also located close to the surface which is ideal for low strip ratios. Metallurgical testing by various companies has consistently shown favourable results with average recoveries for silver by floatation of approximately 80% and copper and zinc of approximately 86% and 76%, respectively through acid leaching.

The La Verde Grande orebody remains open along strike to the southwest and northeast and within the project boundaries there are numerous other copper-silver skarn occurrences that have been located within the concessions surrounding the La Verde Grande Mine. The combined results of recent underground and surface trench rock chip sampling at the La Verde Grande orebody have defined a horizontally oriented mineralized body approximately 50 to 70 metres wide, 35 to 50 metres thick and over 250 metres in length. Magnetic and IP/Resistivity geophysical surveys over the La Verde Grande orebody indicated that the deposit might extend over a strike length of more than 400 metres.

The survey also identified three additional anomalies in the immediate vicinity to the La Verde Grande Mine deposit (immediately southeast of the deposit, 100 metres west of the deposit, and 250 metres southwest of the deposit).