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Vizsla Triples Length of Tajitos with Multiple High-Grade Intercepts at Panuco, Mexico

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Vizsla Silver Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) is pleased to provide results from sixteen new holes at the Tajitos vein zone at the Panuco silver-gold project  in Mexico.  These holes expand the length of Tajitos to over 525 metres and the Company continues to expand the zone of mineralization with an additional nine holes completed which are awaiting assay.

 

Vizsla President and CEO, Michael Konnert, commented: “Today’s release is another example of the wider, high-grade intercepts we see at Panuco, and mineralization remains open in all directions. Tajitos is fast becoming a significant zone of mineralization. The district’s western side is increasing in importance as Tajitos is only 500 metres east of the Napoleon corridor.  Vizsla has tripled the length of mineralization since our last update in late-January. Almost all recent holes are to the south of the historic mine and away from any development.  The Company’s aggressive drill program is significantly developing the Napoleon and Tajitos corridors, extending our earlier discoveries, and building significant bodies of mineralization.”

 

Drilling Highlights

 

CS-21-11

  • 2,210 g/t silver equivalent (1,586.2 grams per tonne silver and 7.72 g/t gold) over 2.52 metres true width  from 252.65 m including,
    • 6,309 g/t silver equivalent (4,420.0 g/t silver and 23.10 g/t gold) over 0.8 mTW from 253.5 m

CS-21-20

  • 752 g/t silver equivalent (350.9 g/t silver and 4.52 g/t gold) over 4.48 mTW from 124.0 m including,
    • 1,383 g/t silver equivalent (632.9 g/t silver and 8.45 g/t gold) over 2.04 mTW from 125.75 m

CS-21-21B

  • 573 g/t silver equivalent (387 g/t silver and 2.25 g/t gold) over 7.94 mTW from 95.0 m including,
    • 2,062 g/t silver equivalent (1,365.0 g/t silver and 8.35 g/t gold) over 1.44 mTW from 98 m

 

Note: All numbers are rounded and widths represent downhole lengths.  True widths are estimated at approximately 60% of downhole lengths.  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 g/t silver and $1,700 g/t gold, recoveries assumptions are 96% gold and 94% silver, based on similar deposit types.

 

Figure 1:         Longitudinal section from Tajitos prospect with all holes labelled and selected intersections shown.

 

Tajitos Drilling detail

 

The Tajitos vein zone is located along the Cinco Senores Vein Corridor (Figure 1 and 2) where drilling in 2020 and 2021 by Vizsla has returned high-grade mineralization.  The Company is exploring to define the extent of the current zone of mineralization and which is now over 525 metres of strike length.

 

Drilling has defined mineralization to the southwest and beneath the historic mine with robust widths and locally very high grades of silver and gold mineralization.  This mineralization is open in each direction along strike and at depth and the Company continues to step-out on approximate 50 metre centres to define the full extent of the zone.

 

The Tajitos vein zone is composed of a quartz breccia vein with an early white locally banded quartz supporting diorite lithic clasts, followed by a later white to greyish quartz supporting brecciated clasts of earlier white quartz veins.  This zone was then cut by a later white to clear quartz vein with local dark bands or patches of fine-grained sulphides that is cutting a zone of quartz psuedomorphs after bladed calcite and pink rhodochrosite.  The better grades are in the earlier breccias associated with dark bands or dark patches of very fine-grained disseminated sulphides.  This vein zone is hosted in a sequence of variably magnetic diorite and andesite.

 

 

Complete table of Tajitos drill hole intersections

 

Drillhole From To True

Width

GOLD SILVER Silver
Equivalent
Comment
(m) (m) (m) (g/t) (g/t) (g/t)
CS-20-07 193.8 195.5 1.29 2.74 427.1 657.3
CS-20-08 231.55 234.8 1.79 0.73 78.7 141.8
CS-20-09 289.6 292.1 1.89 4.37 853.4 1,209.9
CS-20-10 208.5 213.05 4.15 0.09 12.5 20.5 Intersected mining void
CS-20-11 252.65 255.8 2.52 7.72 1,586.2 2,210.4
Incl. 253.5 254.5 0.80 23.10 4,420.0 6,308.9
CS-21-12 204.2 210.85 5.93 0.40 10.3 46.7 Intersected mining void
Incl. 210.15 210.85 0.62 3.47 36.9 358.3
CS-21-13 117.54 119.7 1.96 2.43 748.7 930.4
CS-21-14 153.85 155.35 1.03 0.29 24.7 50.4
CS-21-15 126.95 130.2 2.98 0.52 62.3 106.7
CS-21-16A 113.6 115.4 1.75 0.59 112.0 159.8
CS-21-17 143.7 146.25 2.10 1.46 200.5 324.8
Incl. 144.95 145.3 0.29 5.45 589.0 1,061.9
CS-21-18 109.15 114.5 5.00 2.08 316.7 491.4
Incl. 111.2 112.5 1.21 6.05 910.0 1,419.6
CS-21-19 147.8 152.65 4.32 1.62 225.6 363.3
Incl. 149.6 152.65 2.72 2.21 246.9 437.8
CS-21-20 124 129.15 4.48 4.52 350.9 751.5
Incl. 125.75 128.1 2.04 8.45 632.9 1,382.5
CS-21-21B 64.0 64.8 0.84 0.68 347.6 390.2
And 95.0 103.0 7.94 2.25 387.0 573.5
Incl. 97.5 103.0 5.46 3.14 531.6 792.2
Incl. 98.0 99.45 1.44 8.35 1,365.0 2,061.8
And 106.85 108.6 1.74 2.38 152.5 365.7
CS-21-22A 53.7 56.4 2.39 1.72 118.6 272.1
inc. 55.5 56.4 0.80 4.07 271.0 634.3

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 g/t silver and $1,700 g/t gold, recoveries assumptions are 96% gold and 94% silver, based on similar deposit types.

 

Figure 2:            Plan map showing location of drill holes, mapped veins and surface sampling at the Tajitos prospect on the Cinco Senores Vein Corridor.  Results are reported from holes in red.  Inset shows detail of Tajitos drill collar locations.

 

 

Figure 3:         Cross section through the Tajitos Vein with results labelled.

 

About the Panuco project

 

Vizsla has an option to acquire 100% of the newly consolidated 9,386.5-hectare Panuco district in southern Sinaloa, Mexico, near the city of Mazatlán. The option allows for the acquisition of 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.

 

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.

 

Drill Collar Information

 

Prospect Drillhole Easting Northing Elevation Dip Azimuth Hole Depth
Tajitos CS-20-07 404,367 2,586,946 577 -69 285 235.5
CS-20-08 404,368 2,586,946 577 -78 285 345.0
CS-20-09 404,458 2,586,924 526 -65 282 301.5
CS-20-10 404,390 2,586,860 581 -45 292 240.0
CS-20-11 404,390 2,586,860 581 -59 292 282.0
CS-21-12 404,390 2,586,860 581 -30 277.5 230.6
CS-21-13 404,261 2,586,788 550 -40 306 150.0
CS-21-14 404,261 2,586,788 550 -59 306 230.1
CS-21-15 404,247 2,586,720 542 -30 307 188.9
CS-21-16A 404,247 2,586,719 542 -35 285 160.5
CS-21-17 404,247 2,586,719 542 -46 307 180.0
CS-21-18 404,247 2,587,719 542 -52 282 201.0
CS-21-19 404,247 2,586,719 542 -58 307 202.5
CS-21-20 404,247 2,586,719 542 -62.2 278 189.0
CS-21-21B 404,246 2,586,719 542 -43 263 180.0
CS-21-22A 404,131 2,586,538 542 -45 329.3 219.0

Table 2:           Drill hole details. Coordinates in WGS84, Zone 13. 

 

Longitudinal section from Tajitos prospect with all holes labelled and selected intersections shown. (CNW Group/Vizsla Silver Corp.)

Plan map showing location of drill holes, mapped veins and surface sampling at the Tajitos prospect on the Cinco Senores Vein Corridor. Results are reported from holes in red.           Inset shows detail of Tajitos drill collar locations (CNW Group/Vizsla Silver Corp.)

Cross section through the Tajitos Vein with results labelled (CNW Group/Vizsla Silver Corp.)

 

Posted March 30, 2021

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