Vizsla Resources Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) is pleased to provide results from ten new holes at the Napoleon prospect at the Panuco silver-gold project in Mexico. These results continue to expand the discovery and it remains open to the north and beneath wide intercepts at depth.
|Note: All numbers are rounded and widths represent downhole lengths. 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 g/t silver, $1,700 g/t 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. The Company is disclosing results on a silver equivalent basis due to the overall silver dominant nature of mineralization at the Panuco project.|
Vizsla President and CEO, Michael Konnert, commented: “We continue to grow the area of mineralization at the Napoleon discovery in all directions with drilling. We are particularly encouraged with the wide zones remaining open in the deepest drilling. The greater Napoleon corridor has significant potential, and the Company continues to expand both the Napoleon zone and the Papayo zone and is adding rigs to systematically explore the entire 2.7 kilometre long vein corridor. Vizsla is well-funded as it continues its aggressive exploration of the Panuco district.”
Figure 1: Longitudinal section from Napoleon prospect with all holes labelled and selected intersections shown. All figures including a plan map can be found at the Company’s website here www.vizsla.com.
Napoleon Drilling Detail
Drilling has continued to expand the known extents of mineralization at Napoleon. The Company has completed a series of shallow holes above the original discovery zone that has extended mineralization towards surface. Mineralization remains open towards surface and the south in this area.
Step-out holes have also been completed at the northern end of the zone and towards depth where mineralization remains open.
Deeper drilling is continuing at Napoleon as the Company seeks to define the extent of economic mineralization. Assays remain outstanding for deeper holes and drilling has recommenced in 2021 with two rigs – one continuing the deeper drilling and another expanding the zone towards the north.
Complete table of Napoleon drill hole intersections
|NP-20-35||Intercepted mine workings|
Table 1: Downhole drill intersections from the holes completed at the Napoleon Discovery.
Note: All numbers are rounded and widths represent downhole lengths. 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 g/t silver, $1,700 g/t 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. The Company is disclosing results on a silver equivalent basis due to the overall silver dominant nature of mineralization at the Panuco project.
Drill Collar Information
Table 2: Drill hole details. Coordinates in WGS84, Zone 13.
About the Panuco project
Vizsla has an option to acquire 100% of the recently consolidated 9,386.5 Ha Panuco district in southern Sinaloa, Mexico, near the city of Mazatlán. The option allows for the acquisition of over 75 km of total vein extent, a 500 tpd mill, 35 kms 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.
The Company’s disclosure of technical or scientific information in this press release has been reviewed and approved by Stewart Harris, P.Geo., an independent consultant for the Company. Mr. Harris is a Qualified Person as defined under the terms of National Instrument 43-101.
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We acknowledge the [financial] support of the Government of Canada.