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Vizsla Expands Tajitos By 40% to 800 Metres, Hitting 3,374 g/t AgEq Over 1.5 mTW at Panuco

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Vizsla Expands Tajitos By 40% to 800 Metres, Hitting 3,374 g/t AgEq Over 1.5 mTW at Panuco

 

 

 

 

 

Vizsla Silver Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) is pleased to provide results from 23 new drill holes targeting the Tajitos Vein resource area at its 100%-owned, flagship Panuco silver-gold project located in Mexico.

 

Highlights

  • CS-21-66: 115 metre step to the southwest:
    • 3,374 grams per tonne (g/t) silver equivalent (2,607 g/t silver and 9.90 g/t gold) over 1.5 metres true width (mTW) from 348.3 m and;
    • 793.9 g/t AgEq (599.7 g/t silver and 2.47 g/t gold) over 1.3 down hole width from 175.45m
  • CS-21-77: 165 metre step to the northeast:
    • 354 g/t AgEq (216 g/t silver and 1.62 g/t gold) over 4.95 mTW from 348.3 m and;
    • 1,582 g/t AgEq (1,115 g/t silver and 5.73 g/t gold) over 0.7 down hole width from 159.7 m
  • CS-21-37: 1,643 g/t AgEq (960 g/t silver and 7.94 g/t gold) over 1.34 mTW from 207.3 m
  • CS-21-50: 807 g/t AgEq (615 g/t silver and 2.46 g/t gold) over 1.99 mTW from 251.4 m
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)) / 0.5627. Metal price assumptions are $17.50 ounce silver and $1,700 ounce gold, recoveries assumptions are 96% gold and 94% silver, based on similar deposit types.

 

Vizsla President and CEO Michael Konnert commented: “Tajitos continues to exceed our high expectations with large step out holes now expanding the target resource area to over 800 metres in total strike length. Mineralization remains open in both directions along strike and at depth, where elevated precious to base metal ratios continues to highlight significant potential for further expansion. The Company currently has three rigs focused on Tajitos and will continue to take bold step-outs ahead of declaring the Project’s maiden resource in Q1, 2022.”

 

Tajitos Drilling detail

 

Resource drilling targeting the Tajitos Vein, located along the Cinco Senores Vein Corridor (Figures 1 & 2), approximately 500m east of the Napoleon Vein, has significantly expanded the Zone’s mineralized footprint, now measuring 800 metres along strike and to a depth of 300 metres below surface. Drilling will now progress using a grid pattern on 100-metre centers (previously 50-metre centers) due to increased confidence in local controls to mineralization and the potential to rapidly add tonnage ahead of the data cut-off for inclusion in the maiden project resource.

 

Step-out drilling to the southwest intersected 3,374 g/t silver equivalent over a true width of 1.4 metres in one of the deepest holes completed to date at Tajitos (CS-21-66). This intercept is located approximately 150 metres from the nearest drill hole (115 metres along strike) and remains open in all directions. Infill drilling between this intercept and the main panel of mineralization has been completed and assays remain pending.

 

To the northeast, step-out hole CS-21-77 was similarly successful, intersecting the vein with increased width; 4.9 metres true width grading 354 g/t silver equivalent. This intercept is open in all directions and the company interprets it to be part of another potential zone of dilation observed along the Tajitos Vein. Step outs to depth and further to the northeast continue to define a broad mineralized structure (assays remain pending for these holes).

 

Following the receipt of several outstanding assays surrounding the step-out holes detailed above, Vizsla intends to provide an updated average width and weighted average grade for the Tajitos Vein.

 

CS-21-77 has also identified an additional parallel vein in the hanging wall of Tajitos, marked by elevated precious metals grades (0.7 metres downhole width grading 1,582 g/t silver equivalent.  This vein appears to be restricted to the northeast zone and has been intersected by all step-out holes to the northeast of, and vertically below hole CS-21-77.

 

Infill drilling centered on the core area of Tajitos has significantly improved the overall understanding of the Zone’s controls to mineralization. The high-grade body of mineralization first intercepted in hole CS-21-01 is observed to pinch to the southwest of holes CS-20-06 and CS-20-11, particularly as the host lithology changes from Andesite to Diorite. Here, average vein thickness and grade are observed to decrease before the vein widens and grade lifts again away from the contact.

 

Additionally, a notable change in dip direction observed in the southwest, with an axis from hole CS-21-48 to CS-21-47, may be responsible for local grade variability, with relatively higher grades intercepted above and below this change. Holes CS-21-23 and CS-21-50 are good examples of the mineralization returning to higher grades beneath and to the southwest of this change in orientation.

 

There are currently 10 drill rigs turning at Panuco: four centered on Napoleon resource drilling, three on Tajitos resource drilling, two focused on expanding the Josephine prospect and one testing EM geophysics targets.

 

 

Complete table of Tajitos drill hole intersections

 

Drillhole From To Length True
Width
GOLD SILVER Silver
Equivalent
Comment
(m) (m) (m) (g/t) (g/t) (g/t)
CS-21-34 351 353.5 2.5 1.38 1.16 79 182
CS-21-35 No Significant values Ands/Dior cont.
CS-21-37 207.3 209.2 1.9 1.34 7.94 960 1,643
Incl. 207.3 208.5 1.2 0.85 12.05 1,465 2,501
And 223.2 223.9 0.70 4.16 2,082 2,345 Foot wall
Incl. 223.2 223.5 0.30 9.01 4,590 5,155
CS-21-38 No Significant values Ands/Dior cont.
CS-21-39 No Significant values
CS-21-41 226.65 229.5 2.85 2.15 1.09 188 278
CS-21-42 No Significant values
CS-21-44 261.25 263.1 1.8 1.38 2.83 527 759
Incl. 261.25 262 0.75 0.57 3.17 639 896
CS-21-45 No Significant values Ands/Dior cont.
CS-21-46 182.5 183.1 0.5 0.46 0.17 92 103
CS-21-47 313.6 322.3 8.7 0.51 99 141 Hanging wall
Incl. 313.6 314.7 1.1 1.78 418 558.9
And 401.2 401.8 0.55 0.43 0.16 35 48 Ands/Dior cont.
CS-21-48 No Significant values Dip change
CS-21-49 176.05 184.5 8.45 2.56 304 524 Hanging wall
Incl. 179.45 181.0 1.55 8.27 816 1,538
And 358.7 363.5 4.75 3.14 0.12 23 33
CS-21-50 251.4 254.3 2.85 1.99 2.46 615 807
Incl. 251.4 252.4 1.0 0.70 6.45 1,640 2,143
CS-21-51 373.85 375.7 1.85 0.97 0.16 62 73
CS-21-52 291.75 293.0 1.25 0.86 3.37 315 610
CS-21-53 333.2 335.45 2.25 2.04 0.33 51 79 Dip change
CS-21-54 No Significant values
CS-21-55 No Significant values Dip change
CS-21-57A No Significant values Dip change
CS-21-59A 269.55 271.6 2.05 1.39 3.26 73 372
Cs-21-66 175.45 176.8 1.3 2.47 600 794 Hanging wall
And 348.3 350.5 2.2 1.50 9.90 2,607 3,374
CS-21-77 159.7 160.4 0.7 5.73 1,115 1,582 Hanging wall
And 182.9 187.9 4.95 4.38 1.62 216 354
Table 1: Downhole drill intersections from the holes completed at the Tajitos Vein on the Cinco Senores Vein Corridor.

 

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)) / 0.5627. Metal price assumptions are $17.50 ounce silver and $1,700 ounce gold, recoveries assumptions are 96% gold and 94% silver, based on similar deposit types.

 

 

Drill Collar Information

 

Prospect Drillhole Easting Northing Elevation Dip Azimuth Hole
Depth
Tajitos CS-21-34 404,353 2,586,793 600 -66 299 381
CS-21-35 404,280 2,586,736 564 -61 322 251
CS-21-37 404,279 2,586,735 564 -68 296 300
CS-21-38 404,280 2,586,736 564 -70 328 360
CS-21-39 404,417 2,587,022 521 -74 280 305
CS-21-41 404,456 2,586,929 527 -60 302 276
CS-21-42 404,456 2,586,929 527 -69 303 306
CS-21-44 404,458 2,586,923 526 -59 284 305
CS-21-45 404,544 2,586,776 529 -37 299 399
CS-21-47 404,544 2,586,776 529 -45 298 431
CS-21-48 404,341 2,586,524 582 -41 307 291
CS-21-49 404,353 2,586,793 600 -73 304 389
CS-21-50 404,341 2,586,524 582 -52 309 363
CS-21-51 404,353 2,586,792 600 -74 275 386
CS-21-52 404,341 2,586,524 582 -60 315 315
CS-21-53 404,364 2,586,657 601 -57 309 366
CS-21-54 404,340 2,586,524 582 -66 315 378
CS-21-55 404,364 2,586,657 601 -64 310 384
CS-21-57A 404,364 2,586,657 601 -62 300 387
CS-21-58 404,320 2,586,484 586 -70 312 414
CS-21-59A 404,364 2,586,657 601 -68 299 372
CS-21-66 404,277 2,586,414 590 -69 270 392
CS-21-77 404,504 2,587,123 549 -49 297 288
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.

 

 

Figure 1: Longitudinal section from Tajitos vein, looking to the northwest. All new holes are labelled and selected intersections are shown. (CNW Group/Vizsla Silver Corp.)

 


Figure 2: Plan map of the Tajitos resource drilling area along the Cinco Senores Vein Corridor. (CNW Group/Vizsla Silver Corp.)

 

Posted October 14, 2021

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