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Vizsla Expands Napoleon Resource Area to 1,000 Metres With an Average 3.5 Metre Width at 482 g/t AgEq

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Vizsla Expands Napoleon Resource Area to 1,000 Metres With an Average 3.5 Metre Width at 482 g/t AgEq

 

 

 

 

 

Vizsla Silver Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) is pleased to provide results from nineteen new holes targeting the Napoleon Vein resource area at its flagship Panuco silver-gold project located in Mexico.

 

Highlights

 

  • To date, 105 holes drilled within the Napoleon Corridor highlight an average true width of 3.5 metres with a weighted average grade of 482 g/t silver equivelant (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.” 

 

Figure 1: Longitudinal section from the main Napoleon prospect with all holes labelled and selected intersections shown.

 

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

 

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.

 

 

Posted September 2, 2021

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