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VIZSLA SILVER EXTENDS HIGH GRADE MINERALIZATION AT SOUTHERN END OF NAPOLEON, INTERSECTING 2,098 G/T AGEQ OVER 4.30 METRES

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VIZSLA SILVER EXTENDS HIGH GRADE MINERALIZATION AT SOUTHERN END OF NAPOLEON, INTERSECTING 2,098 G/T AGEQ OVER 4.30 METRES

 

 

 

 

 

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) is pleased to report results from 18 new drillholes targeting the southern extension of the Napoleon Vein at its 100%-owned flagship Panuco silver-gold project located in Mexico. The results are a part of Vizsla’s ongoing, fully-funded 120,000-meter resource/discovery-based drill program.

 

Highlights

  • NP-22-258 returned 2,098 grams per tonne (g/t) silver equivalent (AgEq) over 4.30 metres true width (mTW) (1,139 g/t silver, 11.48 g/t gold, 0.32 % lead and 0.85 % zinc) including:
    • 7,213 g/t AgEq 1.11 mTW (3,850 g/t silver, 40.6 g/t gold, 0.77 % lead and 2.51 % zinc)
  • NP-22-271 returned 677 g/t AgEq over 7.00 mTW (223 g/t silver, 2.76 g/t gold, 1.54 % lead and 5.01 % zinc) including:
    • 2,871 g/t AgEq 0.46 mTW (18.5 g/t gold, 789 g/t silver, 5.68 % lead and 11.7 % zinc); and,
    • 673 g/t AgEq over 6.24 mTW (393 g/t silver, 2.92 g/t gold, 0.40 % lead and 0.94 % zinc) including:
      • 3,274 g/t AgEq over 0.87 mTW (1,970 g/t silver, 14.65 g/t gold, 1.37 % lead and 2.48 % zinc)
  • NP-22-277 returned 389 g/t AgEq over 7.00 mTW (151 g/t silver, 2.63 g/t gold, 0.24 % lead and 0.55 % zinc) and 583 g/t AgEq over 3.90 mTW (237 g/t silver, 2.35 g/t gold, 1.75 % lead and 2.89 % zinc)
  • NP-22-281 returned 5,700 g/t AgEq over 1.40 mTW (3,585 g/t silver, 25.84 g/t gold, 0.32 % lead and 1.07 % zinc)

 

“The Napoleon southern extension continues to be the primary target for near-term resource growth within the Napoleon Vein Corridor,” commented Michael Konnert, President and CEO. “Our local model of a gently plunging epithermal system has led to the discovery of a new high-grade mineralized shoot marked by increasing grades and widths along strike and down plunge to the south. Furthermore, today’s reported high-grade intercepts demonstrate that Napoleon is more than a single structure, it is interpreted to be a vein system with multiple splays hosting great potential for additional resource growth. Drilling continues with three rigs, including one direction rig, focussed on resource expansion and conversion along the Napoleon Vein Corridor.

 

Details of the Napoleon southern extent

 

Infill and step-out (expansionary) drilling completed in 2021 led to an improved understanding of the controls on mineralization along the Napoleon Vein Corridor. Observations based on metal zonation and alteration continue to suggest the corridor has been tilted with the southern extent being at the top of the mineralized horizon near surface (Figure 3). Previously reported high-grade gold values closer to surface support the model (see press release dated December 16, 2021), while results reported here, with high silver grades and continued high gold grades continues to validate the model.  Over the first quarter of 2022, Vizsla utilized up to four drill-rigs to target this area with the objective of testing this hypothesis and expanding the resources along strike and down plunge to the south.

 

Today’s results outline a new high-grade, precious metals rich zone with significant widths below the Napoleon resource reported on March 1, 2022. To date, this high-grade footprint has been traced over ~800 metres along strike, ~300 metres down dip and remains open at depth. Moving forward, Vizsla plans to continue expanding and infilling this high-grade zone ahead of the planned resource update in Q4 of this year.

 

 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-22-243 524.20 525.20 1.00 0.61 174 0.17 2.26 6.29 489 NAPOLEON
NP-22-252 396.75 398.80 2.05 1.44 173 1.10 0.33 0.69 296 NAPOLEON
Includes 396.75 397.80 1.05 0.74 310 1.29 0.32 0.86 454
NP-22-254 375.25 376.45 1.20 0.87 227 0.51 0.36 1.40 268 NAPOLEON
NP-22-256 653.45 658.75 5.30 4.19 210 0.91 0.16 1.65 349 NAPOLEON
Includes 653.45 654.45 1.00 0.79 454 0.39 0.32 2.34 486
Includes 654.45 655.60 1.15 0.91 542 0.60 0.37 3.84 590
NP-22-258 493.15 498.55 5.40 4.30 1139 11.48 0.32 0.85 2098 NAPOLEON
NP-22-264 306.95 309.00 2.05 1.62 118 0.68 0.89 9.01 537 HW SPLAY
Includes 307.80 309.00 1.20 0.95 130 0.74 1.35 15.10 796
NP-22-264 319.70 322.20 2.50 2.00 504 2.12 1.15 1.54 764 NAPOLEON
Includes 321.15 322.20 1.05 4.76 901 4.30 0.37 1.39 1308
NP-22-265 381.40 382.90 1.50 1.13 102 0.19 0.15 0.49 140 NAPOLEON
Includes 382.60 382.90 0.30 0.22 456 0.74 0.57 2.01 607
NP-22-268 366.65 374.85 8.20 5.00 182 2.60 0.81 2.32 500 HW SPLAY
Includes 366.65 368.15 1.50 0.91 637 9.04 2.07 4.85 1360
Includes 368.15 369.00 0.85 0.52 355 4.90 2.30 6.48 747
NP-22-268 463.25 465.50 2.25 1.90 176 3.03 0.12 0.34 435 NAPOLEON
Includes 464.05 465.50 1.45 1.22 180 3.95 0.13 0.27 510
NP-22-269 458.65 462.90 4.25 2.76 39 0.40 0.14 5.03 264 NAPOLEON
Includes 459.45 460.85 1.40 0.91 41 0.41 0.14 7.11 345
Includes 461.70 462.35 0.65 0.42 75 1.40 0.30 6.35 434
NP-22-270 406.25 406.90 0.65 0.35 116 0.49 0.35 0.89 198 NAPOLEON
NP-22-271 456.05 465.25 9.20 7.00 223 2.76 1.54 5.01 677 HW SPLAY
Includes 457.00 457.60 0.60 0.46 789 18.50 5.68 11.70 2871
Includes 460.65 461.45 0.80 0.61 343 5.11 1.71 2.90 909
Includes 461.45 462.65 1.20 0.91 403 5.04 1.00 4.01 985
Includes 463.60 464.90 1.30 0.99 191 1.12 2.90 10.90 774
NP-22-271 508.05 516.25 8.20 6.24 393 2.92 0.40 0.94 673 NAPOLEON
Includes 510.75 511.90 1.15 0.87 1970 14.65 1.37 2.48 3274
Includes 512.40 513.60 1.20 0.91 461 2.63 0.59 1.15 731
NP-22-272 490.25 495.00 4.75 3.00 70 0.20 0.13 7.32 366 NAPOLEON
Includes 490.60 491.60 1.00 0.63 74 0.15 0.18 13.70 607
Includes 492.30 493.60 1.30 0.82 154 0.52 0.16 11.65 639
NP-22-275 370.25 376.60 6.35 4.51 191 0.79 0.12 0.47 276 HW SPLAY
Includes 370.25 370.80 0.55 0.39 980 1.40 0.49 2.42 1197
Includes 375.30 376.60 1.30 0.92 314 1.47 0.10 0.30 445
NP-22-275 610.05 613.60 3.55 2.55 189 2.88 0.36 1.96 503 NAPOLEON
Includes 610.05 610.85 0.80 0.57 128 1.19 0.94 7.05 515
Includes 613.00 613.60 0.60 0.43 936 15.35 0.86 2.06 2265
NP-22-276 NO SIGNIFICANT RESULTS
NP-22-277 375.60 384.00 8.40 7.00 151 2.63 0.24 0.55 389 HW SPLAY
Includes 376.50 377.10 0.60 0.50 315 2.32 0.33 0.38 524
Includes 378.30 379.20 0.90 0.75 630 4.94 0.43 0.47 1055
Includes 380.20 381.15 0.95 0.79 189 2.70 0.84 1.76 495
NP-22-277 422.60 427.30 4.70 3.90 237 2.35 1.75 2.89 583 NAPOLEON
Includes 422.60 423.85 1.25 1.04 491 1.69 0.41 0.91 672
Includes 423.85 425.35 1.50 1.25 177 2.66 2.57 4.69 640
NP-22-281 477.50 480.00 2.50 1.40 3585 25.84 0.32 1.07 5700 HW SPLAY
Includes 477.50 478.60 1.10 0.62 8050 58.20 0.71 2.38 12813
NP-22-281 505.70 515.35 9.65 5.40 202 1.55 0.74 1.07 387 NAPOLEON
Includes 505.70 506.30 0.60 0.34 1275 6.25 3.50 4.04 2027
Includes 510.00 511.50 1.50 0.84 398 3.75 1.89 2.75 855
Includes 514.30 515.35 1.05 0.59 386 3.09 1.79 2.51 779
NP-22-283 486.15 496.20 10.05 6.13 162 0.42 0.34 1.01 244 HW SPLAY
Includes 495.00 496.20 1.20 0.73 941 0.15 0.03 0.56 975
NP-22-283 519.30 524.10 4.80 2.93 176 1.38 1.29 2.91 432 NAPOLEON
Includes 519.30 520.50 1.20 0.73 198 1.43 2.57 5.63 597
Includes 521.85 523.05 1.20 0.73 231 2.11 1.37 2.85 546
NP-22-284 305.80 306.75 0.95 0.52 1000 3.74 7.01 1.50 1556 NAPOLEON
NP-22-284 401.60 407.10 5.50 3.03 107 0.39 0.30 0.98 184 FW SPLAY
Includes 403.10 403.65 0.55 0.30 655 2.15 2.05 6.76 1140
Includes 405.30 405.60 0.30 0.17 364 1.50 0.52 2.22 582
NP-22-289 ASSAYS PENDING
NP-22-291 ASSAYS PENDING
Table 1: Downhole drill intersections from the holes completed along the Napoleon vein.
Note: AgEq = Ag ppm + (((Au ppm x Au price/gram) + (Pb% x Pb price/t) + (Zn% x Zn price/t))/Ag price/gram). Metal price
assumptions are $20.70/oz silver, $1,655/oz gold, $1,902/t lead, $2,505/t zinc. AgEq grades are in situe and do not consider
metallurgical recoveries.

 

 

Drillhole Easting Northing Elevation Azimuth Dip Depth
NP-22-243 403,635 2,586,956 478 243 -62.7 627.0
NP-22-252 403,824 2,586,126 425 272 -56.7 538.8
NP-22-254 403,652 2,586,543 426 270 -66.0 504.0
NP-22-256 403,839 2,586,649 458 273 -54.4 748.5
NP-22-258 403,807 2,586,322 447 271 -56.8 547.9
NP-22-264 403,694 2,586,597 436 267 -52.5 429.0
NP-22-265 403,823 2,586,127 425 272 -53.8 576.0
NP-22-268 403,807 2,586,323 447 271 -52.8 552.0
NP-22-269 403,694 2,586,597 436 270 -62.9 504.0
NP-22-270 403,824 2,586,126 425 272 -60.0 631.5
NP-22-271 403,807 2,586,323 447 271 -59.5 585.0
NP-22-272 403,695 2,586,597 436 270 -65.5 603.0
NP-22-275 403,953 2,586,143 458 267 -56.0 726.0
NP-22-276 403,896 2,586,225 441 270 -55.2 604.5
NP-22-277 403,807 2,586,323 447 271 -48.9 516.0
NP-22-281 403,898 2,586,225 439 269 -57.3 690.0
NP-22-283 403,804 2,586,323 446 270 -62.4 621.0
NP-22-284 403,770 2,586,090 407 269 -55.3 448.5
NP-22-289 403,849 2,586,427 481 269 -47.7 592.5
NP-22-291 403,770 2,586,090 407 269 -59.0 481.5
Table 2: Napoleon vein drillhole 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-hectare, past producing district benefits from over 75 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.

 

Stock Option Issuance

 

The Company has granted 590,000 stock options at an exercise price of $1.74 to an officer and an employee. The Options are exercisable for a period of five years and will vest over the next two years. The Options are subject to the approval and policies of the TSX Venture Exchange and the NYSE American.

 

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 140,000 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 along the southern extent of the Napoleon Vein (CNW Group/Vizsla Silver Corp.)

 


Figure 2: Longitudinal section of the main Napoleon Vein. The section is inclined along the dip of the structure (CNW Group/Vizsla Silver Corp.)

 


Figure 3: Napoleon Vein Exploration Model Longitudinal Section with pierce points (CNW Group/Vizsla Silver Corp.)

 


Figure 4: Napoleon cross section with significant intercepts below inferred resources at Ojo de Agua (CNW Group/Vizsla Silver Corp.)

 

Posted June 2, 2022

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