Vizsla Expands Napoleon Resource Area to 1,000 Metres With an Average 3.5 Metre Width at 482 g/t AgEq (VZLA-TSX-V)
Vizsla Expands Napoleon Resource Area to
1,000 Metres With an Average 3.5 Metre Width
at 482 g/t AgEq
(VZLA-TSX-V)
VANCOUVER, BC,
Sept. 2, 2021
/CNW/ -
Vizsla Silver Corp.
(TSXV: VZLA) (OTCQB: VIZSF)
(
Frankfurt
: 0G3) ("
Vizsla
" or the "
Company
") is pleased to provide results from nineteen new holes
targeting the Napoleon Vein resource area ("
Napoleon
") at its flagship Panuco silver-gold project
("
Panuco
" or the "
Project
") located in
Mexico
.
Highlights
To date, 105 holes drilled within the Napoleon Corridor highlight an average true width of
3.5
metres (mTW) with a weighted average grade of 482 g/t silver equivelant (AgEq)
(161 g/t
Ag, 3.11 g/t Au, 0.45% Pb and 1.3% Zn
)
Step-out drilling extends high-grade mineralization 50 metres to the south, while infill drilling
further demonstrates a continuous panel of mineralization
Notable intercepts include:
NP-21-149
: 1,296 g/t AgEq (185 g/t Ag, 11.35 g/t Au, 0.49 % Pb and 2.25 % Zn) over
5.93 mTW including,
3,647 g/t AgEq (344 g/t Ag, 33.78 g/t Au, 1.17 % Pb and 6.30 % Zn) over 1.89 mTW
NP-21-133
: 1,288 g/t AgEq (188.0 g/t Ag 10.74 g/t Au 1.27 % Pb and 3.47 % Zn) over
1.46 mTW
NP-21-148: 916 g/t AgEq (113.9 g/t Ag, 6.49 g/t Au, 0.78 % Pb and 8.02 % Zn) over 1.40
mTW
Mineralization targeted for resource delineation now extends over 1,000 metres in length, 370
metres deep and remains open to the south and at depth
Note: All numbers are rounded. Silver equivalent is calculated using the following formula: AgEq = ((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:
"In only thirteen months since the discovery
of the Napoleon Vein, the zone has grown considerably, now representing a large panel of
continuous mineralization over
1,000m
long with excellent grades over potentially minable widths.
With increased grades and thickness developing down-plunge to the south, Napoleon continues to
be the primary focus for resource delineation at
Panuco
and will no doubt form the backbone of the
Company's maiden resource estimate planned for Q1, 2022."
Longitudinal section from the main Napoleon prospect with all holes labelled and selected
intersections shown. (CNW Group/Vizsla Silver Corp.)
Figure 1:
Longitudinal section from the main Napoleon prospect with all holes labelled and
selected intersections shown.
Plan map of the main Napoleon Corridor resource area with all holes labelled and selected
intersections shown. (CNW Group/Vizsla Silver Corp.)
Figure 2:
Plan map of the main Napoleon Corridor resource area with all holes labelled and
selected intersections shown.
Napoleon Drilling Detail
Recent drilling at Napoleon has locally extended the body of mineralization within an interpreted
shallowly plunging panel to the south. Most of the newly reported holes are from the southern end
of the mineralized zone and continue to show a wide vein with very high grades.
Step-out drill holes NP-21-133,142 and 157 were successful in extending the Napoleon Vein by 50
metres to the south along strike and down plunge from the previously reported fence of holes.
Mineralization remains open to the south and at depth and continues to be the Company's primary
focus for resource drilling.
Additionally, systematic grid drilling on 50 metre centers has now largely infilled the remaining
untested areas to the north, highlighting a continuous zone of mineralization. In total, mineralization is
defined over a strike length of 1,000 metres and to a depth of 370 metres.
To date, 105 holes completed within the Napoleon resource area highlight an average vein width of
3.5 metres with a weighted average grade of 482g/t AgEq (161 g/t silver, 3.11 g/t gold, 0.45% lead
and 1.3% zinc). This represents a 9% increase in weighted average grade and a 0.5 metre
reduction in average width since the last update (see press release dated
April 6, 2021
). Average
weighting does not include grade capping, total length and depths are estimations and all holes are
included resulting in inclusion of potentially non-economic material.
An average specific gravity of 2.72 has been calculated from 49 samples after rejecting outliers.
Relative to the last update, both silver (155 to 161 g/t) and gold (2.74 to 3.11 g/t) grades have
increased, with the later largely attributable to a significantly higher gold/silver ratio observed at the
southern end of the resource drilling area.
Moving forward, Vizsla will complete wider, 100 metre step-out holes in this area to better define the
potential edge of mineralization. This will allow for more spatial data to be incorporated into the
Project's resource database ahead of the drilling cut-off date for inclusion in the maiden resource
estimate (planned for Q1, 2022).
Complete table of Napoleon Resource Area Intersections
Drillhole
From
To
Estimated
true
width
Gold
Silver
Lead
Zinc
Silver Equivalent
Comment
(m)
(m)
(m)
(g/t)
(g/t)
(%)
(%)
(g/t)
NP-21-121
No Significant Results
NP-21-124
261.1
263.0
1.48
0.77
30.0
0.16
0.45
113.9
NP-21-126
82.0
84.95
1.16
0.66
100.1
0.03
0.08
158.1
NP-21-128
No Significant Results
NP-21-129
63.0
64.65
0.84
1,209.9
0.25
0.70
1,237.3
Hangingwall
Incl.
64.35
64.65
4.58
5,750.0
1.34
3.67
5,947.5
And
96.05
97.05
0.57
0.35
65.6
0.05
0.11
98.1
Napoleon
NP-21-133
248.25
250.6
1.46
10.74
188.0
1.27
3.47
1,288.0
NP-21-135
322.0
324.1
1.26
0.61
126.1
0.06
1.66
215.5
NP-21-140
69.5
73.8
2.58
0.42
66.7
0.19
0.74
123.7
Napoleon
And
77.35
81.0
2.19
1.73
60.3
0.40
0.75
244.3
NP-21-142
289.5
295.7
3.01
3.62
40.4
0.80
3.98
485.7
NP-21-145
328.4
333.25
3.40
3.10
109.9
1.20
1.11
445.8
NP-21-148
339.2
340.6
1.40
6.49
113.9
0.78
8.02
915.5
Incl.
340.0
340.3
0.11
25.2
365
2.71
22.90
3,285.0
NP-21-149
210.45
218.6
5.93
11.35
184.6
0.49
2.25
1,295.6
Incl.
211.85
214.45
1.89
33.78
343.6
1.17
6.30
3,646.5
NP-21-151
217.55
220.5
1.53
1.88
56.3
0.10
0.47
241.1
NP-21-154
165.45
169.55
2.37
0.31
27.2
0.20
0.70
75.6
NP-21-155
248.0
257.0
6.33
1.79
51.7
0.17
1.14
246.2
Incl.
253.0
256.55
2.50
3.03
63.9
0.24
2.42
403.6
Incl.
256.0
256.55
0.39
6.21
58.3
0.50
3.05
715.9
NP-21-157
391.5
401.6
3.96
1.79
81.5
0.76
5.22
382.0
NP-21-159
147.85
153.0
4.28
0.23
28.6
0.27
0.76
71.7
NP-21-161
280.75
286.5
3.43
0.98
19.8
0.14
0.62
127.7
NP-21-162
129.25
136.5
5.61
0.43
92.2
0.15
0.34
137.8
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: AgEq = ((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-21-121
403439
2586871
421
-40.0
241.0
267.8
NP-21-124
403174
2587114
526
-43.7
91.9
292.5
NP-21-126
403439
2586871
421
-60.0
241.0
250.5
NP-21-127
403458
2587634
488
-63.0
272.0
381.0
NP-21-128
403174
2587114
526
-48.0
90.6
329.3
NP-21-129
403439
2586871
421
-68.0
241.0
367.5
NP-21-133
403570
2586903
466
-50.0
255.0
301.5
NP-21-135
403170
2587114
527
-52.0
89.5
391.5
NP-21-140
403344
2587120
477
-40.0
44.0
120.0
NP-21-142
403570
2586903
466
-56.0
255.0
340.5
NP-21-145
403188
2587055
530
-57.0
89.0
382.0
NP-21-148
403570
2586903
466
-60.0
255.0
384.0
NP-21-149
403515
2587021
449
-50.0
263.0
251.0
NP-21-151
403279
2587057
497
-66.4
92.5
255.0
NP-21-154
403283
2587061
498
-60.5
92.5
261.0
NP-21-155
403515
2587021
449
-58.0
270.0
301.7
NP-21-157
403570
2586903
466
-65.0
255.0
435.0
NP-21-159
403283
2587061
498
-49.5
92.5
190.5
NP-21-161
403515
2587021
449
-63.5
263.0
310.8
NP-21-162
403283
2587061
498
-40.0
84.7
162.0
Table 2:
Drill hole details. Coordinates in WGS84, Zone 13
Webinar
Vizsla Silver would like to invite interested shareholders to join
Michael Konnert
, President and CEO,
and
Eric Coffin
, HRA Advisories, for a webinar detailing the progress on resource/exploration drilling
at its flagship
Panuco
silver-gold project.
The webinar will take place today at
11:00 am PDT
/ 2:00 pm EDT. Management will be available
to answer questions following the presentation. Online registration and participation details may be
found at the following link:
https://register.gotowebinar.com/register/8102399458831429901
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 9,386.5-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.
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.
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:
For more 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], Website: www.vizslasilvercorp.ca
CO: Vizsla Silver Corp.
CNW 06:30e 02-SEP-21