The Prospector News

VIZSLA SILVER EXPANDS MINERALIZATION WEST OF NAPOLEON AND ACQUIRES NEW CLAIMS, ADDING OVER 400 METRES OF POTENTIAL VEIN STRIKE

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

VIZSLA SILVER EXPANDS MINERALIZATION WEST OF NAPOLEON AND ACQUIRES NEW CLAIMS, ADDING OVER 400 METRES OF POTENTIAL VEIN STRIKE

 

 

 

 

 

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) is pleased to report results from 13 new drill holes targeting the Cruz Negra Vein located in the western portion of the district and announces the acquisition of two new claims within the Napoleon area at its 100%-owned, flagship Panuco silver-gold project located in Mexico. The results are exclusively from the Cruz Negra Vein located 250 metres west of the Napoleon resource area. The newly acquired claims connect the northwest and southeast extents of Cruz Negra which are situated on pre-existing Vizsla claims and represent approximately 400 metres of new potentially mineralized vein strike to explore.

 

Highlights

  • NP-22-274 returned 541 grams per tonne silver equivalent over 2.09 metres true width (413 g/t silver, 1.99 g/t gold, 0.16% Pb and 0.27% Zn)
    • And 357 g/t AgEq over 0.88 mTW (258 g/t silver, 1.54 g/t gold, 0.01% Pb and 0.17% Zn)
  • NP-22-262 returned 1,476 g/t AgEq over 0.65 mTW (168 g/t silver, 16.42 g/t gold, 0.86% Pb and 3.26% Zn)
  • NP-22-290 returned 491 g/t AgEq over 2.85 mTW (76 g/t silver, 2.60 g/t gold, 0.57% Pb and 6.19% Zn)
  • NP-22-293 returned 535 g/t AgEq over 0.76 mTW (481 g/t silver, 1.20 g/t gold, 0.02% Zn and 0.02% Pb)
  • NP-22-298 returned 456 g/t AgEq over 1.60 mTW (297 g/t silver, 1.78 g/t gold, 0.31% Pb and 1.23% Zn)

 

“Our ongoing mapping and sampling efforts in the western area of the district have highlighted several new drill ready targets including Cruz Negra,” commented Michael Konnert, President and CEO. “Initial drill results demonstrate mineralized continuity over approximately 400 metres long with large step outs to the northwest, suggesting the vein continues for at least another 500 metres. Our exploration team has done a phenomenal job this year identifying and expanding new mineralized structures directly outboard of the March 2022 resource areas. As of early September, we have achieved data cut-off for inclusion in the updated resource, slated for mid-December, and anticipate a material increase to contained precious metals.”

 

The Cruz Negra Vein, located 250 metres west of the Napoleon resource area, is a northwest striking vein-breccia dipping steeply to the northeast. The vein breccia consists of quartz veining and quartz cement bearing disseminated sphalerite and galena. Drilling to date has tested Cruz Negra along ~400 metres of strike and 300 metres to depth in proximity to the Josephine Vein. Additionally, hole NP-22-293 tested the potential northwest extension, returning 535 g/t AgEq over 0.76 mTW, indicating the mineralization extends for another 500 metres largely across the newly acquired claims. The drilling also shows potential for vein splays or cymoid loops carry significant silver and gold grades.

 

Mineralized intercepts at Cruz Negra, highlight a range of estimated true widths from 0.65-3.10 metres with grades ranging from 265 to 3,499 g/t AgEq, at the mineralized elevation. Mineralization is observed to be open at depth and to the northwest where Vizsla plans to complete detailed mapping and reinitiate drilling on the vein in the short term to explore the 500 metre gap between the open-ended intercepts

 

In line with Vizsla’s organic-growth strategy, the company successfully negotiated the acquisition of two claims, submitted and pending record in the mining office, with total surface of 14.75 Ha which cover most of the 500 m gap between the open-ended intercepts.

 

Vizsla Silver will be hosting a live webcast to discuss exploration drilling in the western portion of the district at 11:00am PT on Tuesday, September 27thTo register, please click here.

 

Drillhole From To Downhole
Length
Estimated
True
width
Ag Au Pb Zn AgEq Vein
(m) (m) (m) (m) (g/t) (g/t) % % (g/t)
NP-22-257 100.50 102.00 1.50 1.00 142 1.14 0.43 3.73 357 Cruz Negra
Includes 101.40 102.00 0.60 0.40 316 2.72 0.53 6.50 734
NP-22-262 191.60 193.35 1.75 0.65 289 2.38 0.77 0.70 486 HW vein
Includes 191.60 192.15 0.55 0.20 741 5.88 0.33 1.26 1,165
NP-22-262 253.25 255.00 1.75 0.65 168 16.42 0.86 3.26 1,476 Cruz Negra
Includes 253.25 254.50 1.25 0.46 181 19.70 1.06 3.78 1,748
NP-22-266 No significant values
NP-22-267 No significant values
NP-22-274 166.05 168.90 2.85 2.09 413 1.99 0.16 0.27 541 HW vein
Includes 168.55 168.90 0.35 0.26 2,490 12.85 0.61 0.87 3,287
NP-22-274 193.30 194.50 1.20 0.88 258 1.54 0.01 0.17 357 Cruz Negra
NP-22-279 172.20 174.35 2.15 1.53 72 0.56 0.07 0.34 121 Cruz Negra
NP-22-280 205.55 207.40 1.85 1.00 187 1.40 0.15 0.39 292 Cruz Negra
NP-22-280 224.15 226.70 2.55 1.38 91 0.73 0.22 0.64 137 FW vein
NP-22-285 272.15 274.50 2.35 0.75 40 1.21 0.01 1.81 189 Cruz Negra
NP-22-287* 274.30 274.80 0.50 0.40 402 1.82 0.10 0.21 505 FW vein
NP-22-290 356.00 360.05 4.05 2.85 76 2.60 0.57 6.19 491 Cruz Negra
NP-22-293* 12.10 13.30 1.20 0.76 481 1.20 0.02 0.02 535
NP-22-294 378.85 379.85 1.00 0.70 66 0.43 1.27 3.91 265 Cruz Negra
NP-22-298 380.50 383.05 2.55 1.60 297 1.78 0.31 1.23 456 Cruz Negra
Table 1: Downhole drill intersections from the holes reported Cruz Negra vein on the Napoleon area.  Note: AgEq = Ag ppm x Ag rec. + (((Au ppm x Au rec. x Au price/gram) + (Pb% x Pb rec. x Pb price/t) + (Zn% x Zn rec. x Zn price/t))/Ag price/gram). Metal price assumptions are $20.70/oz silver, $1,655/oz gold, $1,902/t lead and$2,505/t zinc. Metallurgical recoveries applied in the calculation (93% for silver, 90% for gold, 94% for lead and 94 % for zinc), were determined for the Napoleon vein (see press release dated February 17, 2022). NP-22-287* and NP-22-293* were drilled over 500 m NW from Cruz Negra vein intercepts.

 

 

 

Drillhole Easting Northing Elevation Azimuth Dip Depth
NP-22-257 403,165 2,587,117 526 237.0 -59.0 192
NP-22-262 403,165 2,587,117 526 304.0 -60.0 414
NP-22-266 403,171 2,587,335 534 233.0 -53.2 411
NP-22-267 403,171 2,587,335 534 229.0 -44.7 354
NP-22-274 403,112 2,587,278 575 230.0 -53.2 315
NP-22-279 403,112 2,587,279 575 258.0 -52.3 342
NP-22-280 403,112 2,587,279 575 259.0 -61.3 423
NP-22-285 403,112 2,587,279 575 263.0 -67.9 423
NP-22-287 402,772 2,587,806 465 248.0 -45.0 340
NP-22-290 403,171 2,587,335 534 250.0 -59.2 417
NP-22-293 402,772 2,587,806 465 249.0 -53.3 380
NP-22-294 403,167 2,587,335 541 251.0 -65.6 480
NP-22-298 403,268 2,587,318 511 250.0 -45.5 465
Table 2: Drillhole details for the reported drillholes. 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 6,761-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, 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.

 

The Panuco Project hosts an estimated in-situ indicated mineral resource of 61.1 Moz AgEq and an in-situ inferred resource of 45.6 Moz AgEq The Technical Report, titled “National Instrument 43-101 Technical Report for the Panuco Project Mineral Resource Estimate Concordia, Sinaloa, Mexico” was filed on SEDAR on April 7, 2022, has an effective date of March 1, 2022 and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) by Tim Maunula, P.Geo., Principal Geologist, T. Maunula & Associates Consulting Inc and Kevin Murray, P.Eng, Manager Process Engineering, Ausenco.

 

About Vizsla Silver

 

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla has completed over 210,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2022, Vizsla has budgeted +120,000 metres of resource/discovery-based drilling designed to upgrade and expand the maiden resource, as well as test other high priority targets across the district.

 

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

 

In accordance with NI 43-101, Martin Dupuis, P.Geo., COO, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

 

 


Figure 1: Plan map of recent drilling centered on the Cruz Negra Vein, highlighting newly acquired claims in green. (CNW Group/Vizsla Silver Corp.)

 


Figure 2: Longitudinal section for Cruz Negra vein showing drillhole pierce points. NP-22-287 and NP-22-293 intercepts are over 500 m NW from the NW edge of this section. (CNW Group/Vizsla Silver Corp.)

 


Figure 3: Cross section showing Cruz Negra vein with some cymoid loops and vein splays. (CNW Group/Vizsla Silver Corp.)

 

Posted September 22, 2022

Share this news article

MORE or "UNCATEGORIZED"


Skeena Resources Closes C$34.5 Million Bought Deal Offering of Common Shares

Skeena Resources Limited (TSX: SKE) (NYSE: SKE) announced the clo... READ MORE

September 23, 2022

Glencore to Acquire Newmont’s 18.75% Shareholding in the Mara Project

Today Glencore International AG announced, and has made Yamana Go... READ MORE

September 23, 2022

Rusoro Announces Closing of $1,250,000 Private Placement

Rusoro Mining Ltd. (TSX-V: RML) is pleased to announce that on Se... READ MORE

September 23, 2022

Revival Gold Intersects 10.1 g/t Gold Over 11.4 Meters Within 3.5 g/t Gold Over 115.4 Meters at Beartrack-Arnett

Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to annou... READ MORE

September 23, 2022

Avalon and LG Energy Solution Sign Memorandum of Understanding to Accelerate Ontario's Lithium Battery Materials Supply Chain

Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) is plea... READ MORE

September 23, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News