Vizsla Expands Napoleon Resource Area and Outlines High-Grade Footprint (VZLA-TSX-V)
Vizsla Expands Napoleon Resource Area and
Outlines High-Grade Footprint
(VZLA-TSX-V)
VANCOUVER, BC
,
Dec. 8, 2021
/CNW/ -
Vizsla Silver Corp.
(TSXV: VZLA) (OTCQB: VIZSF)
(
Frankfurt
: 0G3) ("
Vizsla
" or the "
Company
") is pleased to provide additional results from twenty
one 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
Drilling has now defined a higher-grade precious metals rich footprint at Napoleon measuring
approximately 1,000 metres long by an average 400 metres deep with an
average true width
of
3.86 metres
. Based on 106 holes completed to date, the higher-grade footprint hosts an
uncut, undiluted
weighted average grade of 453 g/t AgEq
(148 g/t silver, 2.90 g/t gold, 0.46%
lead and 1.44% zinc)
The greater Napoleon Vein resource area, including the higher-grade footprint, now measures
approximately 1,820 metres long by approximatly 300 metres average depth with an
average
true width of 3.36 metres
. Based on a total of 159 holes, the greater Napoleon resource area
has an uncut, undiluted
weighted average grade of 421 g/t AgEq
(142 g/t silver, 2.62 g/t gold,
0.46% lead and 1.39% zinc
)
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.
Vizsla President and CEO
Michael Konnert
commented:
"As we rapidly approach the deadline for
drilling to be incorporated into the maiden
Panuco
resource estimate, anticipated in Q1 2022, new
results from the Napoleon Vein continue to demonstrate the exceptional size and grade of the
underlying system. Large step-outs have now expanded the zone's greater mineralized footprint to
over 1,800 metres along strike with a notable higher-grade precious metals rich subzone
developing over 1,000 metres to the south and below the discovery hole. This near-surface high-
grade subzone hosts multiple intercepts over 1,000 g/t AgEq and reamains open to the south and
at depth "
Longitudinal section of the entire main Napoleon prospect with all holes labelled and selected
intersections shown. (CNW Group/Vizsla Silver Corp.)
Longitudinal section from the southern half of the Napoleon prospect with all holes labelled and
selected intersections shown.
Scale bar identifies extent of the higher-grade panel of mineralization.
(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
Napoleon drilling continues to highlight one long continuous panel of mineralization, now traced over
1,820 metres of total strike length. A higher-grade footprint, developing to the south of discovery
hole NP-20-07, is marked by multiple intercepts grading over 1,000 g/t AgEq. Newly reported holes
within this area further emphasise a shallowly plunging panel of higher-grade mineralization dipping
~20
o
to the south.
The higher-grade footprint is a relatively wide, precious metals rich, subzone extending from the
original discovery area to the south (Figure 2). This near-surface higher-grade footprint has an
average vein width of 3.9 metres with an uncut, undiliuted weighted average grade of 453 g/t AgEq
(148 g/t silver, 2.90 g/t gold, 0.46% lead and 1.4% zinc). The high-grade footprint currently spans
~1,000 metres along strike to an average depth of 400 metres. However, locally, mineralization has
been traced down to 450 metres below surface marked by previously reported hole NP-21-
189B
.
Mineralization remains open to depth and to the south.
To the north of the original discovery area, towards Papayo, medium grade mineralization is
observed to be relatively narrow compared to the higher-grade footprint (1.8 mTw vs 3.9 mTw),
extending to the far north of Napoleon (Figure 1). In total, the greater Napoleon Vein resource area,
including the higher-grade footprint, now covers an area ~1,820 metres long by 300 meters deep
with an average vein width of 3.36 metres and an uncut, undiltuted weighted average grade of 421
g/t AgEq (142 g/t silver, 2.62 g/t gold, 0.46% lead and 1.39% zinc
).
The greater Napoleon Vein ore
density is estimated at 2.72 tonnes/cubic metre based from results of 49 samples analysed.
Complete table of Napoleon Resource Area Intersections
Drillhole
From
To
Estimated
true width
Gold
Silver
Lead
Zinc
Silver
Equivalent
Zone
(m)
(m)
(m)
(g/t)
(g/t)
(%)
(%)
(g/t)
NP-21-165
25.50
26.55
0.82
4.00
9
0.02
0.04
383
OdA
NP-21-166
No Significant value
OdA
NP-21-168
292.25
306.25
5.76
0.81
56
0.84
2.55
206
NP-21-169
No Significant value
NP-21-171
123.55
125.05
1.21
2.25
26
0.00
0.00
234
OdA
NP-21-174
162.50
163.50
0.72
0.19
156
0.06
0.32
173
OdA
NP-21-177
No Significant value
OdA
NP-21-178
228.15
241.25
10.69
1.21
220
0.41
0.77
347
Incl.
237.00
241.25
3.47
2.81
469
0.66
1.17
746
NP-21-180
240.65
242.45
1.74
0.29
206
0.01
0.04
222
OdA
NP-21-181
462.00
463.10
0.74
1.72
9
0.21
0.26
179
NP-21-182
No Significant value
NP-21-184
358.85
363.25
1.63
2.69
33.6
0.19
2.16
337
NP-21-185
50.00
52.85
2.52
0.54
156
0.16
0.29
207
OdA
NP-21-187
394.40
397.20
1.80
0.37
15
0.09
3.15
124
NP-21-188
No Significant value
NP-21-189B
591.00
597.00
3.21
0.40
20
0.45
2.74
129
Papayo
NP-21-191
545.20
547.90
0.80
0.29
148
0.25
3.44
251
NP-21-192A
143.60
145.50
1.14
4.75
128
1.20
2.53
650
Papayo
NP-21-193
71.45
73.60
1.06
0.44
60
0.08
0.15
103
NP-21-194
113.65
114.30
0.39
7.76
286
1.68
3.42
1,110
Papayo
NP-21-198
85.25
88.50
2.90
0.76
210
2.22
1.84
362
Papayo
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.
Drill Collar Information
Prospect
Drillhole
Easting
Northing
Elevation
Dip
Azimuth
Hole
Depth
Napoleon
NP-21-165
403,634
2,586,038
407
-42.0
268.0
121.0
NP-21-166
403,634
2,586,038
407
-62.0
268.0
160.5
NP-21-168
403,502
2,586,975
426
-66.5
260.5
351.9
NP-21-169
403,648
2,586,135
397
-65.0
270.0
223.5
NP-21-171
403,630
2,586,198
403
-40.0
290.0
176.6
NP-21-174
403,630
2,586,199
402
-55.5
283.0
215.0
NP-21-177
403,630
2,586,199
403
-65.0
283.0
260.0
NP-21-178
403,497
2,587,577
486
-40.4
272.7
294.0
NP-21-180
403,698
2,586,196
410
-62.0
283.0
360.0
NP-21-181
403,636
2,586,957
478
-59.0
261.5
516.0
NP-21-182
403,497
2,587,577
486
-49.9
272.0
300.9
NP-21-184
403,572
2,587,015
449
-61.0
267.0
420.0
NP-21-185
403,556
2,586,310
416
-41.0
270.0
111.0
NP-21-187
403,711
2,586,773
445
-49.0
255.0
498.0
NP-21-188
403,421
2,588,099
575
-47.5
266.0
294.8
NP-21-189B
403,763
2,587,027
488
-51.0
267.0
642.0
NP-21-191
403,711
2,586,773
445
-55.0
266.0
595.5
NP-21-192A
403,246
2,588,229
515
-68.5
274.0
300.0
NP-21-193
403,224
2,588,171
524
-56.0
268.4
298.5
NP-21-194
403,246
2,588,229
515
-60.0
312.0
201.0
NP-21-198
403,327
2,587,986
548
-37.0
244.0
168.0
Table 2:
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 08-DEC-21