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VIZSLA SILVER INTERCEPTS HIGH-GRADE AT LA LUISA AND EXPANDS IT´S STRIKE LENGTH TO 1,670 METRES

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VIZSLA SILVER INTERCEPTS HIGH-GRADE AT LA LUISA AND EXPANDS IT´S STRIKE LENGTH TO 1,670 METRES

 

 

 

 

 

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) is pleased to report results from 15 new drillholes targeting the “La Luisa” Vein located ~700 metres west of the Napoleon Area resource, at its 100%-owned flagship Panuco silver-gold project in Mexico. Recently completed shallow drilling has confirmed the northern continuation of the Luisa structure, expanding its potential strike-length to 1,670 metres.

 

Highlights

  • NP-23-419 returned 650 grams per tonne silver equivalent over 3.25 metres true width (58 g/t silver, 7.74 g/t gold, 0.73 % lead and 1.44 % zinc)
    • Including, 1,220 g/t AgEq over 0.62 mTW (50 g/t silver, 16.74 g/t gold, 0.27 % lead and 0.99 % zinc)
  • NP-23-397 returned 455 g/t AgEq over 3.55 mTW (137 g/t silver, 1.77 g/t gold, 0.39 % lead and 5.44 % zinc)
    • Including, 1,228 g/t AgEq over 0.70 mTW (408 g/t silver, 2.64 g/t gold, 0.34 % lead and 18.20 % zinc)
  • NP-23-420 returned 568 g/t AgEq over 2.80 mTW (95 g/t silver, 6.97 g/t gold, 0.11 % lead and 0.17 % zinc)
    • Including, 888 g/t AgEq over 1.46 m TW (116 g/t silver, 11.50 g/t gold, 0.06 % lead and 0.07 % zinc)
  • NP-23-401 returned 542 g/t AgEq over 1.35 mTW (386 g/t silver, 1.43 g/t gold, 0.86 % lead and 1.69 % zinc)

 

“The Luisa structure continues to grow laterally with new high-grade, near surface intervals,” commented Michael Konnert, President and CEO. “Mineralization at La Luisa has now been traced by drilling for over 1,250 metres along strike with an untested gap situated closer to surface that measures ~400 metres long. This has the potential, given ongoing exploration success, to add additional mineralized strike to La Luisa beyond the data cut off for inclusion in the pending mineral resource update planned for January 2024. Based on 44 holes completed to date at La Luisa, the structure hosts a weighted average grade of 497 g/t AgEq over an average width of 3.20 metres. Moving forward, we will continue to explore La Luisa with two drill rigs focused on expanding mineralization to the south and closing the untested gap to the north.”

 

The Luisa Vein is located approximately 700 metres to the west of Napoleon in the southwest portion of the Panuco district. The structure has been mapped on surface for approximately 1,500 metres with an average strike of N30°W and dip of 70° – 80° to the northeast. La Luisa does not currently host any resources. To date, Vizsla Silver has reported 44 holes from La Luisa outlining a mineralized footprint approximately 1,670 metres long by 450 metres down dip with a weighted average grade of 497 g/t AgEq (200 g/t silver, 3.68 g/t gold, 0.30 % lead and 1.45 % zinc) and average width 3.21 mTW. The upper levels of the vein are hosted primarily by rhyolite tuffs (the upper part of the regional lower volcanic sequence), whereas deeper vein-intercepts occur in the more favourable diorite host rock.

 

Initial shallow drilling at La Luisa returned significant gold concentrations with relatively low silver and base metals values. The higher gold to silver and base metals ratios observed are analogous to the previously reported shallow “gold rich” horizon at the southern end of Napoleon. Interpretations based on metal zonation and alteration at Napoleon suggest that the vein corridor has been tilted, with the southern extent being at the top of the mineralized horizon, near surface (see the Company’s press releases dated December 16, 2021, and October 12, 2022, respectively).

 

Surface mapping and sampling along strike to the northwest at La Luisa confirmed a wider vein expression with higher silver and gold anomalies at surface supporting the hypothesis that mineralization is tilted in a similar fashion to Napoleon (see surface samples on figure 2). Recent shallow drill-holes completed in the northwest (NP-23-399, NP-23-401, NP-23-403 and NP-23-408) have confirmed mineralization in the north and expand the potential strike length of La Luisa to 1,670 m; with an intermediate ~400 m drilling-gap between the high-grade shoot in the south and the recent drill intercepts to the north (see figure 2). Vizsla Silver is currently exploring La Luisa with two drill rigs.

 

 

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-23-397 670.15 679.85 9.70 8.70 32 1.44 0.17 2.45 221 Main
Includes 670.15 671.55 1.40 1.26 77 6.55 0.54 1.32 577
NP-23-397 771.20 776.00 4.80 3.55 137 1.77 0.39 5.44 455 FW
Includes 774.20 775.15 0.95 0.70 408 2.64 0.34 18.20 1,228
NP-23-398 No significant values Main
NP-23-398 765.00 782.45 4.00 2.41 2 40.44 0.06 1.88 215 FW
NP-23-399 27.35 27.90 0.55 0.32 462 0.58 0.05 0.25 480 HW
NP-23-399 152.20 154.25 2.05 1.65 77 0.23 0.08 0.95 124 Main
NP-23-401 51.30 54.25 2.95 0.90 191 0.27 0.04 0.49 214 HW
NP-23-401 212.15 214.90 2.75 1.35 386 1.43 0.86 1.69 542 Main
NP-23-403 No significant values HW
NP-23-403 204.75 205.80 1.05 1.00 78 0.23 2.86 9.02 499 Main
NP-23-404 No significant values Main
NP-23-406 138.15 139.30 1.15 0.63 129 0.59 1.67 1.39 260 HW
NP-23-406 250.70 251.50 0.80 0.60 73 0.17 0.17 0.23 92 Main
NP-23-408 409.45 409.75 0.30 0.16 38 0.52 5.12 3.03 332 HW
NP-23-408 377.00 378.40 1.40 0.77 95 0.63 0.90 2.55 250 Main
NP-23-409 No significant values Main
NP-23-413 No significant values HW
NP-23-413 No significant values Main
NP-23-414 575.40 576.95 1.55 1.15 119 3.54 0.40 0.90 394 Main
NP-23-415 577.50 578.15 0.65 0.41 3 0.03 0.02 7.63 282 HW
NP-23-415 No significant values Main
NP-23-418 650.70 651.45 0.75 0.50 18 0.73 0.12 1.67 130 HW
NP-23-418 No significant values Main
NP-23-419 No significant values HW
NP-23-419 564.00 572.45 8.45 3.25 58 7.74 0.73 1.44 650 Main
Includes 567.00 568.60 1.60 0.62 50 16.74 0.27 0.99 1,220
NP-23-420 No significant values HW
NP-23-420 414.60 418.25 3.65 2.80 95 6.97 0.11 0.17 568 Main
Includes 415.60 417.50 1.90 1.46 116 11.50 0.05 0.07 888
NP-23-420 No significant values FW
 

Table 1: Downhole drill intersections from the holes completed along the La Luisa vein

 

Note: AgEq = Ag g/t x Ag rec. + ((Au g/t 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 $24.00/oz silver, $1,800/oz gold, $2,424.4/t lead and $2,975.4/t zinc. Metallurgical recoveries assumed are 93% for silver, 90% for gold, 94% for lead and 94% for zinc. Metallurgical recoveries used in this release are from metallurgical test results of the Napoleon vein (see press release dated February 17, 2022).

 

 

Drillhole Easting Northing Elevation Azimuth Dip Depth
NP-23-397 403,362 2,586,359 437 243 -56.3 828.0
NP-23-398 403,248 2,586,386 465 246 -61.6 834.0
NP-23-399 402,496 2,587,281 448 273 -52.0 390.0
NP-23-401 402,496 2,587,281 448 279 -66.0 417.0
NP-23-403 402,526 2,587,377 482 271 -42.6 369.0
NP-23-404 403,767 2,587,025 492 250 -58.9 477.0
NP-23-406 402,526 2,587,377 482 273 -59.3 450.0
NP-23-408 402,155 2,587,297 402 88 -44.3 465.0
NP-23-409 403,296 2,586,205 492 244 -53.5 705.0
NP-23-413 402,155 2,587,297 402 68 -46.9 498.0
NP-23-414 403,373 2,586,277 492 240 -51.8 744.0
NP-23-415 402,100 2,587,261 392 80 -47.2 627.0
NP-23-418 403,373 2,586,277 426 238 -57.8 771.0
NP-23-419 402,971 2,586,834 441 254 -52.6 609.0
NP-23-420 403,077 2,586,547 480 239 -44.4 507.0

 

 

Table 2: La Luisa 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 7,189.5-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 104.8 Moz AgEq and an in-situ inferred resource of 114.1 Moz AgEq. An updated NI 43-101 technical report titled “Technical Report on the Mineral Resource Estimate Update for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico” was filed on SEDAR on March 10, 2023, with an effective date of January 19, 2023 was prepared by Allan Armitage, Ph. D., P. Geo., Ben Eggers, MAIG, P.Geo. and Yann Camus, P.Eng. of SGS Geological Services.

 

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 Silver has completed over 310,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2023, Vizsla Silver has budgeted +90,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high priority targets across the district.

 

Quality Assurance / Quality Control

 

Drill core 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 and rock samples were shipped to SGS Lab in Durango Mexico for sample preparation and analysis.  The ALS Zacatecas, North Vancouver facilities and SGS lab 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 La Luisa vein. (CNW Group/Vizsla Silver Corp.)

 

 

 


Figure 2: Longitudinal section of the La Luisa Vein. (CNW Group/Vizsla Silver Corp.)

 

 

 


Figure 3: Longitudinal section of the Footwall Vein at La Luisa. (CNW Group/Vizsla Silver Corp.)

 

 

 


Figure 4: Cross section highlighting recent drill intercepts on La Luisa vein. (CNW Group/Vizsla Silver Corp.)

 

 

 

 

Posted December 14, 2023

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