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VIZSLA SILVER INTERSECTS 1,011 G/T AGEQ OVER 12.52 METRES, EXPANDS HIGH-GRADE MINERALIZATION AT COPALA STRUCTURE TO 900 METRES BY 400 METRES

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VIZSLA SILVER INTERSECTS 1,011 G/T AGEQ OVER 12.52 METRES, EXPANDS HIGH-GRADE MINERALIZATION AT COPALA STRUCTURE TO 900 METRES BY 400 METRES

 

 

 

 

 

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) is pleased to report results from 26 new drill holes targeting the Tajitos – Copala resource area at its 100%-owned, flagship Panuco silver-gold project located in Mexico. The results are exclusively from the Copala Vein located in the western portion of the district and expand the high-grade mineralized footprint to over 900 metres along strike by 400 metres down dip.

 

Highlights

  • CS-22-191 returned 1,011 grams per tonne silver equivalent over 12.52 metres true width (706 g/t silver and 4.93 g/t gold)
    • Including 5,602 g/t AgEq over 1.26 mTW (3,880 g/t silver and 27.70 g/t gold)And, 5,491 g/t AgEq over 3.28 mTW (4,804 g/t silver and 14.23 g/t gold)
    • Including 12,690 g/t AgEq over 1.26 mTW (11,053 g/t silver and 33.50 g/t gold)
  • CS-22-173 returned 826 g/t AgEq over 14.46 mTW (663 g/t silver and 2.90 g/t gold)
    • Including 2,118 g/t AgEq over 0.78 mTW (1,655 g/t silver and 8.05 g/t gold)
    • And, 1,826 g/t AgEq over 1.37 mTW (1,505 g/t silver and 5.93 g/t gold)
  • CS-22-159 returned 418 g/t AgEq over 10.50 mTW (285 g/t silver and 2.12 g/t gold)
    • Including 1,775 g/t AgEq over 0.56 mTW (493 g/t silver and 18.30 g/t gold)
  • And, 2,489 g/t AgEq over 2.66 mTW (2,011 g/t silver and 8.60 g/t gold)
    • Including 6,151 g/t AgEq over 0.89 mTW (4,950 g/t silver and 21.50 g/t gold)
  • CS-22-181 returned 1,051 g/t AgEq over 3.44 mTW (832 g/t silver and 3.85 g/t gold)
    • Including 2,396 g/t AgEq over 0.68 mTW (1,725 g/t silver and 11.00 g/t gold)

 

“The Copala Vein, located just north of Tajitos, has now become our primary focus for near-term resource expansion at Panuco,” commented Michael Konnert, President and CEO. “Nowhere else in the district have we observed such high precious metals grades over such broad intervals, located just below surface. With several newly reported intercepts grading over 1,000 g/t AgEq, Copala continues to demonstrate high-grade mineral continuity both along strike and down dip, ultimately supporting the potential for a material expansion to the Copala resource base. To date, we have now reported 72 holes from Copala, effectively expanding the mineralized footprint to over 900m long by 400m down dip, with mineralization open in all directions.”

 

The Copala Vein is a structure located at the northern extent and on the hangingwall side of the Tajitos structure. Copala is marked by high precious metals grades (up to 11,053 g/t silver and 33.50 g/t gold over 1.26 mTW) hosted within a broader envelope of vein-breccia up to 82 metres thick with local mineralized pockets up to 20.45 mTW averaging 1,030 g/t AgEq (780 g/t silver and 4.23 g/t gold). Our most recent intercepts and interpretations show that Copala dips shallowly to the east (~35°) in its northern sector and steepens to ~52° to the east in the south sector.

 

Drilling has now traced Copala mineralization along 900 metres of strike length and approximately 400 metres down dip. Furthermore, today’s reported intercepts expand the zones NNW-SSE striking high-grade shoot an additional 450m to the SSE, beyond the March 2022 resource boundary. This high-grade sub-zone remains open to the north, south and down-dip to the east. Ongoing detailed structural-geologic interpretations suggest mineralization continues to the south, beyond the previously reported Cristiano Vein (see press releases dated January 19, 2022 and March 10, 2022), and is a near-term focus for expansion as Vizsla continues to explore this area.

 

Drilling focused on expanding the Copala resource area continues to highlight well-developed, high-grade mineral continuity. The intercepts reported here, along with previously reported intercepts located to the north and the Copala 2 vein-splay intercepts situated between Tajitos and Copala (see press releases dated June 21, 2022 and May 19, 2022), support the potential to discover additional blind to surface veins in the vicinity.

 

 

Drillhole From To Downhole
Length
Estimated
True
width
Ag Au AgEq Vein
(m) (m) (m) (m) (g/t) (g/t) (g/t)
CS-22-156 NO SIGNIFICANT VALUES Copala
CS-22-159 117.55 135.30 17.75 10.50 285 2.12 418 Copala
Includes 121.25 122.20 0.95 0.56 493 18.30 1,775
Includes 134.10 135.30 1.20 0.71 1,025 4.61 1,285
CS-22-159 187.70 192.20 4.50 2.66 2,011 8.60 2,489 FW splay
Includes 189.15 190.15 1.00 0.59 1,390 5.18 1,665
Includes 190.15 191.65 1.50 0.89 4,950 21.50 6,151
CS-22-163A 65.00 69.30 4.30 2.26 313 1.32 386 HW splay
CS-22-163A 115.50 121.40 5.90 3.10 210 1.24 285 Copala
CS-22-165 209.00 211.05 2.05 1.60 645 2.14 754
CS-22-168 271.50 274.50 3.00 2.85 177 0.77 220 Copala
CS-22-170 225.75 234.00 8.25 5.36 195 1.79 310 Copala
Includes 229.50 230.40 0.90 0.59 341 10.20 1,051
CS-22-171 297.30 304.90 7.60 6.61 344 0.88 383 Copala
Includes 297.90 298.65 0.75 0.65 1,205 3.69 1,386
Includes 298.65 299.70 1.05 0.91 1,010 1.99 1,082
CS-22-172 NO SIGNIFICANT VALUES Copala
CS-22-173 256.15 270.90 14.75 14.46 663 2.90 826 Copala
Includes 256.15 256.95 0.80 0.78 1,375 7.19 1,796
Includes 256.95 257.90 0.95 0.93 1,501 5.49 1,791
Includes 259.35 260.15 0.80 0.78 1,655 8.05 2,118
Includes 268.10 269.50 1.40 1.37 1,505 5.93 1,826
CS-22-174 312.90 316.20 3.30 3.14 907 3.24 1,077 Copala
Includes 314.90 316.20 1.30 1.24 1,670 5.64 1,959
CS-22-175 246.40 248.65 2.25 1.85 596 4.94 909 Copala
Includes 247.00 247.85 0.85 0.70 598 8.09 1,138
CS-22-176 326.20 328.65 2.45 1.49 97 1.56 203 Copala
CS-22-177 340.05 344.90 4.85 3.59 123 2.01 259 Copala
CS-22-178 NO SIGNIFICANT VALUES Copala
CS-22-179  NO SIGNIFICANT VALUES Copala
CS-22-180 388.70 393.00 4.30 3.01 186 0.40 202 Copala
CS-22-181 233.50 235.50 2.00 1.70 165 0.52 191 HW splay
CS-22-181 281.15 285.20 4.05 3.44 832 3.85 1,051 Copala
Includes 281.15 281.95 0.80 0.68 1,725 11.00 2,396
Includes 283.30 284.25 0.95 0.81 1,501 4.98 1,754
CS-22-182  NO SIGNIFICANT VALUES Copala
CS-22-183 NO SIGNIFICANT VALUES Copala
CS-22-185A 91.70 97.20 5.50 5.01 199 1.27 277 Copala
CS-22-185A 132.50 134.30 1.80 1.64 108 2.15 255 FW splay
CS-22-186 NO SIGNIFICANT VALUES Copala
CS-22-187 144.60 148.00 3.40 2.89 270 1.96 392 Copala
CS-22-188 NO SIGNIFICANT VALUES Copala
CS-22-189 411.45 412.50 1.05 0.88 447 1.25 505 Copala
CS-22-190 NO SIGNIFICANT VALUES Copala
CS-22-191 340.55 342.20 1.65 1.39 133 0.48 158 Copala HW
CS-22-191 348.20 363.10 14.90 12.52 706 4.93 1,011 Copala
Includes 359.60 361.10 1.50 1.26 3,880 27.70 5,602
Includes 361.10 362.60 1.50 1.26 1,245 8.24 1,751
Includes 362.60 363.10 0.50 0.42 1,425 10.65 2,092
CS-22-191 370.95 374.85 3.90 3.28 4,804 14.23 5,491 Copala FW
Includes 370.95 372.45 1.50 1.26 11,053 33.50 12,690

Table 1: Downhole drill intersections from the holes reported for the new splay vein at the foot wall of Copala.

 

Note: AgEq = Ag g/t x Ag rec. + (Au g/t x Au Rec x Au price/gram)/Ag price/gram. Metal price assumptions are $20.70/oz silver and $1,655/oz gold and metallurgical recoveries assumed are 93% for silver and 90% for gold. Gold and silver metallurgical recoveries used in this release were estimated for the Napoleon vein (see press release dated February 17, 2022).

 

 

Drillhole Easting Northing Elevation Azimuth Dip Depth
CS-22-156 404,675 2,586,751 561 269 -35.0 364.5
CS-22-159 404,676 2,586,751 561 268 -79.5 336.0
CS-22-163A 404,638 2,586,711 559 269 -80.7 331.5
CS-22-165 404,641 2,586,712 559 91 -85.7 339.0
CS-22-168 404,778 2,586,756 631 277 -73.2 551.5
CS-22-170 404,643 2,587,057 558 132 -85.5 294.0
CS-22-171 404,759 2,587,035 597 293 -77.8 594.0
CS-22-172 404,834 2,587,003 596 281 -60.0 374.7
CS-22-173 404,778 2,586,757 631 300 -64.9 457.5
CS-22-174 404,834 2,587,004 596 275 -69.0 427.5
CS-22-175 404,725 2,586,986 595 282 -74.0 376.5
CS-22-176 404,778 2,586,758 631 316 -75.9 399.0
CS-22-177 404,834 2,587,002 596 297 -72.2 430.5
CS-22-178 404,748 2,586,687 614 28 -85.9 441.0
CS-22-179 404,892 2,587,146 602 318 -70.6 426.0
CS-22-180 404,834 2,587,002 596 244 -78.3 447.0
CS-22-181 404,755 2,586,683 618 243 -80.0 352.5
CS-22-182 404,639 2,586,711 559 259 -54.0 291.0
CS-22-183 404,850 2,587,120 586 318 -86.0 435.0
CS-22-185A 404,569 2,586,883 535 290 -84.7 184.5
CS-22-186 404,577 2,586,837 537 153 -76.2 231.0
CS-22-187 404,651 2,586,891 568 174 -88.4 267.0
CS-22-188 404,787 2,586,850 632 289 -76.5 382.5
CS-22-189 404,816 2,586,676 657 339 -72.8 477.0
CS-22-190 404,702 2,586,663 619 152 -77.3 423.0
CS-22-191 404,787 2,586,850 632 322 -69.8 431.6

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 6,754-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.

 

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 centered on the Copala vein. (CNW Group/Vizsla Silver Corp.)

 

 


Figure 2: Plan map of Copala vein with drill-hole pierce points. (CNW Group/Vizsla Silver Corp.)

 

 


Figure 3: Cross section showing Copala, Tajitos and Copala 2 veins. (CNW Group/Vizsla Silver Corp.)

 

Posted August 11, 2022

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