High Grade Intercepts Expand Napoleon Resource Area Another 100 Meters to the South
HIGH GRADE INTERCEPTS EXPAND
NAPOLEON RESOURCE AREA ANOTHER 100
METERS TO THE SOUTH
VANCOUVER, BC
,
Dec. 16, 2021
/CNW/ -
Vizsla Silver Corp.
(TSXV: VZLA) (OTCQB: VIZSF)
(
Frankfurt
: 0G3) ("
Vizsla
" or the "
Company
") is pleased to provide additional results from three new
drill holes targeting the Napoleon Vein resource area ("
Napoleon
") at its flagship Panuco silver-gold
project ("
Panuco
" or the "
Project
") located in
Mexico
.
Highlights
Step-out drilling to the south of the Napoleon resource area highlights increased precious metals
grades and widths towards the Ojo de Agua Zone
First reporting of Hangingwall Vein along the Napoleon Vein Corridor with locally significant
grades and widths
Notable intercepts include:
NP-21-190
: 1,902 g/t silver equivalent (AgEq) (1,058 g/t silver, 9.12 g/t gold, 0.70 % lead
and 1.75 % zinc) over 2.33 metres true width (mTW) from
257.55m
and,
655 g/t silver equivalent (AgEq) (161.4 g/t silver, 5.14 g/t gold, 0.42 % lead and 1.02 %
zinc) over 4.53 metres true width (mTW) from
415m
Vizsla President and CEO
Michael Konnert
commented:
"The main Napoleon vein is continuing to
grow towards to the south with high grades and wide intercepts. Today's results including a 100-
metre step to the south, increase the overall Napoleon resource area footprint to 1,920 metres
which remains open towards
Ojo de Agua
, a priority zone for future expansion potential. In
addition, drilling has continued to intersect a parallel vein in the hangingwall to Napoleon that has
potential to add resources to the Company's maiden estimate early next year. 2021 has been an
incredible year of growth for Vizsla and these results indicate we can look forward to more rapid
growth in 2022."
Longitudinal section of the entire main Napoleon prospect (facing west) highlighting recent drill
results. (CNW Group/Vizsla Silver Corp.)
Plan map of the main Napoleon Corridor resource area highlighting recent drilling. (CNW
Group/Vizsla Silver Corp.)
Napoleon Drilling Detail
Today's results suggest the main Napoleon Vein may be opening up again to wider widths with
higher grades along strike and down plunge to the south. Holes NP-21-190 returned 4.53 mTw
grading 655 g/t AgEq, adding ~100 metres to the Napoleon resource area footprint (total strike
length now 1,920 meters).
These results support Vizsla's interpretation of a shallowly plunging panel of high-grade, precious
metals rich mineralization to the south, and continue highlight this area as a high priority for future
drilling.
Drilling along the main Napoleon Vein has regularly intercepted a near-surface vein in the hangingwall
to the east of the main structure. This vein is observed to dip to the east at ~45° and is typically
narrower than the main Napoleon Vein, however, locally can return better widths with high grades
(see Figure 2). In other areas the hangingwall structure is not well mineralized or has been logged
as a fault or host rock. This, combined with the fact that drilling to date has only targeted the main
Napoleon Vein, highlights a variable distribution of mineralization along the Hangingwall Vein. Moving
forward Vizsla plans to target these locally higher-grade areas where there exists the potential to
delineate economic resources.
Notable Hangingwall Vein results include;
NP-21-190:
1,902 g/t silver equivalent (AgEq) (1,058 g/t silver, 9.12 g/t gold, 0.70 % lead and 1.75 %
zinc) over 2.33 metres true width (mTW) from
257.55m
NP-20-53:
4,052 g/t silver equivalent (AgEq) (2,960 g/t silver, 13.00 g/t gold, 0.57 % lead and 1.90 %
zinc) over 0.64 metres
NP-21-85:
1,679 g/t silver equivalent (AgEq) (45 g/t silver, 17.20 g/t gold, 0.21 % lead and 1.18 %
zinc) over 1.49 metres
A table of select Hangingwall Vein intercepts is included in Table 2.
Longitudinal section of the Napoleon Hangingwall Vein (facing west), highlighting select drilling
completed to date. Areas highlighted by the red boxes represent locally higher-grade zones with
more consistent intercepts. (CNW Group/Vizsla Silver Corp.)
Cross section of the Napoleon Hangingwall Vein (A-A’ from Figure 2) (CNW Group/Vizsla Silver
Corp.)
Table of New Napoleon Vein Intercepts
Drillhole
From
To
Estimated
true width
Gold
Silver
Lead
Zinc
Silver Equivalent
Zone
(m)
(m)
(m)
(g/t)
(g/t)
(%)
(%)
(g/t)
NP-21-190
257.55
259.90
2.33
9.12
1,058
0.70
1.75
1,902
HW
And
415.00
423.50
4.53
5.14
161
0.42
1.02
665
NP-21-197
313.80
320.5
4.27
1.12
55
0.05
0.86
177
Incl.
313.80
215.35
0.99
3.27
73
0.08
3.30
452
Table 1:
Drillhole intersections from the Napoleon Vein Resource area not previously reported.
Note:
All numbers are rounded. Silver equivalent is calculated using the following formula: Silver-equivalent = ((Au_g/t x 52.48)
+ (Ag_g/t x 0.5289) + (Pb_ppm x 0.0013) + (Zn_ppm x 0.0013)) / 0.5627. Metal price assumptions are $17.50 oz silver, $1,700
oz gold, $0.75 pound lead and $0.85 pound zinc, recoveries assumptions are 96% gold, 94% silver, 78% lead and 70% zinc based
on similar deposit types.
Table of Select Napoleon Hangingwall Vein Intercepts
Drillhole
From
To
Estimated
true width
Gold
Silver
Lead
Zinc
Silver
Equivalent
Zone
(m)
(m)
(m)
(g/t)
(g/t)
(%)
(%)
(g/t)
NP-21-43
80.90
81.90
0.89
3.32
205
0.36
1.02
534
NP-21-46
86.95
87.5
0.49
5.03
50
0.15
1.49
554
NP-21-47
92.00
92.50
0.46
0.99
43
0.06
0.02
138
NP-21-49
No Significant Values
NP-21-51
82.40
83.50
0.42
6.88
2,278
0.21
0.51
2,800
NP-21-53
88.15
88.85
0.64
13.00
2,960
0.57
1.90
4,052
NP-21-54
92.85
94.35
1.33
0.44
54
0.09
0.43
104
NP-20-59
82.05
82.35
0.24
3.39
46
0.00
0.00
361
NP-21-72
No Significant Values
NP-21-76
93.90
94.50
0.54
0.71
57
0.63
2.10
182
NP-21-79
97.90
99.50
1.49
1.82
209
0.62
1.72
420
NP-21-80
No Significant Values
NP-21-83
92.50
94.00
1.49
17.20
45
0.21
1.18
1,679
And
101.55
103.20
1.53
1.80
234
0.64
2.08
451
NP-21-84
76.50
80.90
3.98
2.58
90
0.19
0.85
349
NP-21-87
83.35
85.45
2.04
0.96
64
0.16
1.70
193
NP-21-90
42.70
43.25
0.50
0.20
47
0.45
1.92
118
NP-21-94
No Significant Values
NP-21-99
No Significant Values
NP-21-102
No Significant Values
NP-21-110
32.35
33.75
1.34
0.50
129
0.22
0.52
185
NP-21-116
No Significant Values
NP-21-133
114.50
114.85
0.34
0.92
273
0.47
0.99
376
NP-21-142
114.00
114.65
0.55
1.58
410
0.52
1.50
579
NP-21-148
118.90
119.2
0.28
1.06
294
0.20
0.58
393
NP-21-157
123.60
129.05
4.36
0.47
168
0.16
0.55
218
NP-21-167
144.45
144.75
0.24
0.31
144
0.36
2.29
226
NP-21-186
50.00
52.85
1.48
1.09
384
0.22
0.23
472
NP-21-191
202.30
204.10
1.76
0.21
34
0.16
1.09
80
NP-21-203
140.4
141.65
1.21
0.22
34.7
0.31
1.14
87
Table 2:
Select drillhole intersections from the Napoleon Hangingwall Vein.
Note:
All numbers are rounded. Silver equivalent is calculated using the following formula: Silver-equivalent = ((Au_g/t x 52.48)
+ (Ag_g/t x 0.5289) + (Pb_ppm x 0.0013) + (Zn_ppm x 0.0013)) / 0.5627. Metal price assumptions are $17.50 oz silver, $1,700
oz gold, $0.75 pound lead and $0.85 pound zinc, recoveries assumptions are 96% gold, 94% silver, 78% lead and 70% zinc based
on similar deposit types.
Drill Collar Information
Prospect
Drillhole
Easting
Northing
Elevation
Dip
Azimuth
Hole
Depth
Napoleon
NP-21-190
403,724
2,586,660
444
-55.0
271
520
NP-21-197
403,652
2,586,545
428
-56.5
270
400.9
NP-21-203
403,602
2,586,640
430
-49.7
276
279
Table 3:
Drill hole details. Coordinates in WGS84, Zone 13
About the
Panuco
project
The newly consolidated
Panuco
silver-gold project is an emerging high-grade discovery located in
southern
Sinaloa, Mexico
, near the city of Mazatlán. The 6,754.1-hectare, past producing district
benefits from over 75 kilometres of total vein extent, a 500 ton per day mill, 35 kilometres of
underground mines, tailings facilities, roads, power and permits.
The district contains intermediate to low sulfidation epithermal silver and gold deposits related to
siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly
continental volcanic rocks correlated to the Tarahumara Formation.
Note:
Two new claims have been acquired adding 149.9 hectares of new area. 4,103.5 hectares previously reported as part of the Panuco project have been removed from the
total hectares due to 4 claims being located at a significant distance from the project. These hectares remain as 100% owned by Vizsla Silver.
Quality Assurance / Quality Control
Drill core and rock samples were shipped to ALS Limited in
Zacatecas
,
Zacatecas, Mexico
and in
North Vancouver, Canada
for sample preparation and for analysis at the ALS laboratory in North
Vancouver. The ALS Zacatecas and
North Vancouver
facilities are ISO 9001 and ISO/IEC 17025
certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and
gold was assayed by 30-gram fire assay with atomic absorption ("AA") spectroscopy finish. Over
limit analyses for silver, lead and zinc were re-assayed using an ore-grade four-acid digestion with
AA finish.
Control samples comprising certified reference samples, duplicates and blank samples were
systematically inserted into the sample stream and analyzed as part of the Company's quality
assurance / quality control protocol.
Qualified Person
The Company's disclosure of technical or scientific information in this press release has been
reviewed and approved by
Martin Dupuis
, P.Geo., Vice President of Technical Services for Vizsla
Silver. Mr. Dupuis is a Qualified Person as defined under the terms of National Instrument 43-101.
Website:
www.vizslasilvercorp.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward–Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and "forward–looking information" under
applicable Canadian securities laws. When used in this news release, the words "anticipate",
"believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and
similar words or expressions, identify forward–looking statements or information. These forward–
looking statements or information relate to, among other things: the development of
Panuco
,
including drilling programs and mobilization of drill rigs; future mineral exploration, development and
production; and completion of a maiden drilling program.
Forward–looking statements and forward–looking information relating to any future mineral
production, liquidity, enhanced value and capital markets profile of Vizsla, future growth potential for
Vizsla and its business, and future exploration plans are based on management's reasonable
assumptions, estimates, expectations, analyses and opinions, which are based on management's
experience and perception of trends, current conditions and expected developments, and other
factors that management believes are relevant and reasonable in the circumstances, but which may
prove to be incorrect. Assumptions have been made regarding, among other things, the price of
silver, gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of
exploration and development; the estimated costs of development of exploration projects; Vizsla's
ability to operate in a safe and effective manner and its ability to obtain financing on reasonable
terms.
These statements reflect Vizsla's respective current views with respect to future events and are
necessarily based upon a number of other assumptions and estimates that, while considered
reasonable by management, are inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors, both known and unknown, could
cause actual results, performance or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward–looking
statements or forward-looking information and Vizsla has made assumptions and estimates based
on or related to many of these factors. Such factors include, without limitation: the Company's
dependence on one mineral project; precious metals price volatility; risks associated with the
conduct of the Company's mining activities in
Mexico
; regulatory, consent or permitting delays; risks
relating to reliance on the Company's management team and outside contractors; risks regarding
mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a
commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate
sufficient cash flow from operations; risks relating to project financing and equity issuances; risks
and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources,
metallurgical recoveries and capital and operating costs of such projects; contests over title to
properties, particularly title to undeveloped properties; laws and regulations governing the
environment, health and safety; the ability of the communities in which the Company operates to
manage and cope with the implications of COVID-19; the economic and financial implications of
COVID-19 to the Company; operating or technical difficulties in connection with mining or
development activities; employee relations, labour unrest or unavailability; the Company's
interactions with surrounding communities and artisanal miners; the Company's ability to successfully
integrate acquired assets; the speculative nature of exploration and development, including the risks
of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among
certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and
the factors identified under the caption "Risk Factors" in Vizsla's management discussion and
analysis. Readers are cautioned against attributing undue certainty to forward–looking statements or
forward-looking information. Although Vizsla has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that cause results not to be
anticipated, estimated or intended. Vizsla does not intend, and does not assume any obligation, to
update these forward–looking statements or forward-looking information to reflect changes in
assumptions or changes in circumstances or any other events affecting such statements or
information, other than as required by applicable law.
SOURCE
Vizsla Silver Corp.
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For further information:
and to sign-up to the mailing list, please contact: Michael Konnert,
President and Chief Executive Officer, Tel: (604) 364-2215, Email: [email protected]
CO: Vizsla Silver Corp.
CNW 06:30e 16-DEC-21