Figure 1: Plan map of recent drilling along the Napoleon vein. Source: Vizsla Silver Corp.

Vizsla Silver Corp. (TSXV:VZLA) has reported results from 11 new drill holes at the southern extension of the Napoleon Vein, within the company’s Panuco silver-gold project located in Mexico. The recent findings are focused on the western part of the district and are part of a 90,000-metre resource infill and expansion or discovery-focused drilling initiative.

Michael Konnert, President and CEO, commented in a press release: “Infill and expansionary drilling targeting the southern extent of Napoleon continues to intersect high silver and gold grades on both the main vein and its overlapping splay structures. We have now identified several splay veins branching off the main Napoleon structure located within both the footwall and hanging wall that remain open for future expansion. Most notable is the shallow dipping Hanging Wall 4 structure which returned 646 grams per tonne silver equivalent over ten meters true width and is open down dip. We continue to view the Napoleon Area as a primary target for future resource growth and development. Of the six drill rigs currently turning on the property, infill drilling continues at Napoleon with one rig. In addition to drilling, we are pleased to announce Vizsla has achieved 1.5 million work hours without a lost time incident at Panuco. This is yet another major milestone for the Company and is a testament to the focus and dedication of every Vizsla employee and contractor working on the Project.”

The Napoleon Southern Extent has revealed enhanced comprehension of the mineralization controls along the vein corridor. The pattern of metal zonation and alteration indicates that the corridor is tilted. The southern reach of the drilling appears at the top of the mineralized horizon, close to the surface. Previously reported high-grade gold assay values near the surface were consistent with this model, according to releases dated December 16, 2021, and March 29, 2022.

The infill drilling assay results show additional high-grade silver and gold values in vein splays located at the hanging wall of the primary Napoleon structure. These vein splays are typically situated between 25 to 120 meters into the hanging wall and often include high concentrations of lead and zinc along with precious metal values. Recent drilling suggests that the shallow-dipping Hanging Wall 4 splay remains open down dip to the east. Results from the hole designated NP-23-388 have prompted further exploration to the east and depth along Hanging Wall 4. Vizsla continues to work on structural and 3D geological modelling to help design specific drilling targets for further exploration of these vein splays.

In related news, Vizsla Silver also announced a significant safety milestone at the Panuco site. The company has achieved 1.5 million work hours without any lost time incidents. The accomplishment was attributed to the dedication of the safety department, employees, and contractors in maintaining a strong safety culture and ensuring safe working conditions throughout the project’s life.

Figure 2: Longitudinal section of the Napoleon Main Vein with mineral resources along main Napoleon and the overlapping hanging wall splays. Source: Vizsla Silver Corp.

Highlights from the results are as follows: 

  • NP-23-388 returned 646 grams per tonne (g/t) silver equivalent (AgEq) over 10.00 metres true width (mTW) (217 g/t silver, 3.03 g/t gold, 1.44 % lead and 5.44 % zinc),
    • including: 3,625 g/t AgEq over 0.95 mTW (1,590 g/t silver, 25.50 g/t gold, 7.28 % lead and 5.80 % zinc),
    • and 1,323 g/t AgEq over 0.78 mTW (159 g/t silver, 0.89 g/t gold, 4.97 % lead and 26.70 % zinc)
  • NP-23-391 returned 1,568 g/t AgEq over 1.90 mTW (908 g/t silver, 7.37 g/t gold, 1.62 % lead and 4.91 % zinc),
    • including: 2,205 g/t AgEq over 0.65 mTW (1,500 g/t silver, 8.96 g/t gold, 2.05 % lead and 3.98 % zinc)
  • And 648 g/t AgEq over 3.20 mTW (559 g/t silver, 1.53 g/t gold, 0.23 % lead and 0.49 % zinc),
    • including: 1,720 g/t AgEq over 0.96 mTW (1,500 g/t silver, 3.89 g/t gold, 0.61 % lead and 1.22 % zinc)
  • NP-23-392 returned 989 g/t AgEq over 2.50 mTW (527 g/t silver, 3.78 g/t gold, 2.13 % lead and 4.98 % zinc),
    • including: 2,465 g/t AgEq over 0.69 mTW (1,500 g/t silver, 9.97 g/t gold, 5.25 % lead and 6.66 % zinc).

Drillhole

From

To

Downhole
Length

Estimated
True
width

Ag

Au

Pb

Zn

AgEq

Vein

(m)

(m)

(m)

(g/t)

(g/t)

(g/t)

%

%

(g/t)

NP-23-365A

No significant values

HW 7

NP-23-365A

No significant values

HW 2

NP-23-365A

454.65

455.15

0.5

0.45

178

8.33

0.07

0.17

736

Napoleon

NP-23-365A

No significant values

FW 1

NP-23-365A

496.5

497.5

1

0.85

290

1.71

1.05

1.56

473

FW 2

NP-23-370

346.1

346.65

0.55

0.45

597

0.72

0.02

0.04

606

HW 6

NP-23-370

No significant values

HW 2

NP-23-370

432.05

433.25

1.2

1

349

1.58

0.05

0.13

437

Napoleon

NP-23-374

303.9

306.05

2.15

1.7

90

0.95

0.02

0.03

149

HW 7

NP-23-374

No significant values

HW 2

NP-23-374

527.9

529.25

1.35

1

34

0.32

0.02

0.02

173

Napoleon

NP-23-374

No significant values

FW 2

NP-23-374

585.8

586.25

0.45

0.45

433

2.92

0.83

1.19

667

FW 3

NP-23-378

555

556

1

0.9

1,135

1.29

1.14

4.74

1,348

HW 2

NP-23-378

563.8

569

5.2

4.3

73

1.42

0.46

1.24

223

Napoleon

Includes

566.9

568

1.1

0.91

284

1.92

1.44

3.28

555

NP-23-378

575.9

577.5

1.6

1.1

1,805

16.56

0.2

0.38

2,817

FW 1

Includes

576.5

577.5

1

0.69

2,780

26.1

0.29

0.55

4,376

NP-23-378

588

588.6

0.6

0.46

184

1.48

0.6

15.9

865

FW 2

NP-23-380

317.05

322.45

5.4

4.1

111

0.64

0.01

0.01

147

HW 7

NP-23-380

554.2

555.7

1.5

1.35

551

1.08

1.29

6.23

849

HW 2

NP-23-380

581.25

581.7

0.45

0.4

346

2.21

0.8

4.29

650

Napoleon

NP-23-383

No significant values

HW 7

NP-23-383

616.15

618.1

1.95

1.27

207

2.37

4.43

14.37

1,005

HW 2

Includes

616.8

617.8

1

0.65

270

4.15

8.4

23.2

1,621

NP-23-383

636.25

637

0.75

0.7

154

1.37

1.04

4.21

419

Napoleon

NP-23-386

140.9

141.85

0.95

0.78

218

0.24

0.21

0.43

241

HW 7

NP-23-386

410.35

410.75

0.4

0.3

430

1.59

0.08

0.22

517

HW 2

NP-23-386

414.35

415.6

1.25

0.85

177

0.73

0.11

0.25

226

Napoleon

NP-23-386

536.8

537.25

0.45

0.4

444

10.3

0.46

1.11

1,162

FW 3

NP-23-388

No significant values

HW 5

NP-23-388

426.25

437.8

11.55

10

217

3.03

1.44

5.44

646

HW 4

Includes

434.8

435.9

1.1

0.95

1,590

25.5

7.28

5.8

3,625

Includes

435.9

436.8

0.9

0.78

159

0.89

4.97

26.7

1,323

NP-23-388

556.8

559

2.2

1.95

31

0.59

1.46

6.36

343

HW 2

NP-23-388

No significant values

Napoleon

NP-23-391

No significant values

HW 7

NP-23-391

420.1

424.1

4

3.2

559

1.53

0.23

0.49

648

HW 2

Includes

422.35

423.55

1.2

0.96

1,500

3.89

0.61

1.22

1,720

NP-23-391

No significant values

Napoleon

NP-23-391

483.6

484.85

1.25

1

64

0.72

0.81

0.77

160

FW 1

NP-23-391

526.15

528.2

2.05

1.9

908

7.37

1.62

4.91

1,568

FW 2

Includes

526.15

526.85

0.7

0.65

1,500

8.96

2.05

3.98

2,205

NP-23-392

408.1

410.65

2.55

2.5

527

3.78

2.13

4.98

989

HW 4

Includes

409.25

409.95

0.7

0.69

1,500

9.97

5.25

6.66

2,465

NP-23-392

450.5

451.5

1

0.95

258

1.62

1.95

15.45

967

HW 3

NP-23-392

No significant values

HW 2

NP-23-392

644.6

646.6

2

1.55

40

1.96

0.62

11.4

602

Napoleon

NP-23-393

258.15

259.2

1.05

0.8

204

3.52

1.42

6.52

706

HW 4

NP-23-393

485.35

486.35

1

0.6

65

0.38

1.34

13.85

627

HW 3

NP-23-393

No significant values

Napoleon

Table 1: Downhole drill intersections from the holes completed along the Napoleon main and vein splays. 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-23-365A

403,888

2,586,230

434

270

-49

636.0

NP-23-370

403,891

2,586,232

434

258

-40

534.0

NP-23-374

403,967

2,586,189

467

267

-43

621.0

NP-23-378

403,967

2,586,189

467

268

-52

674.0

NP-23-380

403,967

2,586,189

467

268

-56

702.0

NP-23-383

403,967

2,586,189

467

270

-60

750.0

NP-23-386

403,856

2,586,035

450

271

-60

582.0

NP-23-388

403,849

2,586,432

477

253

-68

705.0

NP-23-391

403,854

2,586,086

449

271

-63

558.0

NP-23-392

403,849

2,586,432

477

270

-61

738.0

NP-23-393

403,683

2,586,973

480

251

-57

582.0

Table 2: Napoleon vein drillhole details. Coordinates in WGS84, Zone 13.

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Figure 1: Plan map of recent drilling centered on the Copala structure. Source: Vizsla Silver Corp.

Vizsla Silver (TSXV:VZLA) has disclosed new findings from 20 exploratory drillings at its fully owned, mainstay Panuco silver-gold project, found in Mexico. These results broaden the known mineral-rich areas of the Copala resource area, reaching approximately 370 meters southeast and about 50 meters north.

Michael Konnert, President & CEO of Vizsla, commented in a press release: “Expansion drilling at Copala, both to the southeast and north, continue to highlight a robust precious metals structure well beyond the January 2023 resource boundary. The overall strike length now measures approximately 1,670 metres long and remains open in both directions. Additionally, drilling has expanded the high-grade Copala 2 vein situated between Tajitos and Copala main and identified a new near-surface structure called ‘El Habal‘. Moving forward, we will continue to both expand and infill these high-grade zones with three drill rigs in preparation for an updated resource estimate planned for the fourth quarter of 2023. Q4/23.”

Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree dip of Copala. The black dash outline represents Copala 2 vein into the footwall of Copala. Source: Vizsla Silver Corp.

The Copala Structure, which predominantly contains precious metals, lies about 800 meters east of the Napoleon Structure in the western segment of the Panuco district. Currently, the indicated resources within the Copala Structure are at 51.1 Moz AgEq with a density of 516 g/t AgEq, and inferred resources at 55.4 Moz AgEq with a density of 617 g/t AgEq. These resources are housed in a large vein-breccia interlayered with host rock, reaching thicknesses up to 82 meters. Vizsla’s geologists suggest that the average dip of the Copala is roughly 46 degrees eastward, varying from 35 degrees in the north to about 52 degrees in the south.

With continuous drilling, mineralization in the Copala Structure has been traced for about 1,670 meters horizontally and approximately 400 meters vertically. The southeast and north regions remain open for high-grade silver-gold mineralization. The recent expansion drillings, consisting of 15 holes in the southern part of Copala and five in the north, targeted the main Copala structure and the Copala 2 vein. Findings show that the Copala structure extends southeastward beyond the initial resource assessment in January 2023. Vizsla aims to perform infill drillings to test and expand high-grade zones identified in the southeast.

The Copala 2 vein, situated at the footwall of the main Copala, is bounded up-dip by Copala, west by Tajitos, and east by the Copala Fault. It has a northeast strike and a southeast dip of roughly 48 degrees, and has been traced for approximately 330 meters horizontally and 290 meters vertically. The company’s previous results from the Copala 2 vein were released on May 19, 2022.

Vizsla geologists have discovered a new near-surface structure named “El Habal” in the southeast with hole CS-23-291. The team is currently re-examining and sampling other holes in the area to understand this newly identified structure.

So far, Vizsla has completed approximately 55,000 meters of its fully funded 90,000-meter drilling program for 2023.

Figure 3: Cross section showing Copala structure and Cristiano vein with completed drilling. Source: Vizsla Silver Corp.

The Panuco project, situated near the city of Mazatlán in southern Sinaloa, Mexico, is a newly consolidated, high-grade discovery encompassing a 7,189.5-hectare, previously producing district. It features more than 86 kilometers of total vein length, 35 kilometers of underground mines, roads, power, and permits.

These deposits, which are mostly silver and gold, originate from siliceous volcanism and crustal extension during the Oligocene and Miocene eras. The deposits lie within continental volcanic rocks correlated to the Tarahumara Formation.

As of a technical report filed on March 10, 2023, the Panuco Project was estimated to contain an in-situ indicated mineral resource of 104.8 Moz AgEq and an in-situ inferred resource of 114.1 Moz AgEq.

Highlights from the results are as follows:

  • CS-23-297 returned 445 grams per tonne (g/t) silver equivalent (AgEq) over 18.50 metres true width (mTW) (310 g/t silver and 2.32 g/t gold)
  • CS-23-290 returned 760 g/t AgEq over 5.05 mTW (565 g/t silver and 3.48 g/t gold)
    • Including 3,469 g/t AgEq over 1.00 mTW (2,838 g/t silver and 12.29 g/t gold)
  • CS-23-286 returned 640 g/t AgEq over 4.80 mTW (417 g/t silver and 3.74 g/t gold)
    • Including 2,568 g/t AgEq over 0.68 mTW (1,585 g/t silver and 16.20 g/t gold)
  • CS-23-294 returned 7,512 g/t AgEq over 1.00 mTW (6,880 g/t silver and 16.50 g/t gold)

Table 1: Downhole drill intersections from the holes reported for Copala structure and Cristiano vein.

Drillhole

From

To

Downhole Length

Estimated True width

Ag

Au

AgEq

Vein

(m)

(m)

(m)

(m)

(g/t)

(g/t)

(g/t)

CS-23-280

353.55

355.00

1.45

1.27

1,240

3.64

1,399

 Copala

CS-23-281

789.50

790.60

1.10

0.80

57

26.40

1,835

 Copala 3

CS-23-282

No Significant Values

 Copala

CS-23-283

552.20

553.60

1.40

1.07

279

0.50

293

 Cristiano

CS-23-284A

No Significant Values

 Copala

CS-23-285

No Significant Values

 Copala

CS-23-285

418.10

419.35

1.25

0.78

335

1.77

431

 Cristiano

CS-23-286

639.50

645.85

6.35

4.80

417

3.74

640

 Copala

Includes

643.50

644.40

0.90

0.68

1,585

16.20

2,568

CS-23-286

691.50

698.50

7.00

4.90

160

0.44

178

 Copala 3

CS-23-287

No Significant Values

 Copala

CS-23-288

No Significant Values

 Copala

CS-23-289

No Significant Values

 Copala

CS-23-290

No Significant Values

 Copala

CS-23-290

557.80

588.70

30.90

5.05

565

3.48

760

 Copala 2

Includes

557.80

563.95

6.15

1.00

2,838

12.29

3,469

CS-23-291

265.50

270.00

4.50

4.40

145

3.72

386

 El Habal

CS-23-291

No Significant Values

 Copala

CS-23-292

458.45

459.30

0.85

0.79

239

1.51

324

 Copala

CS-23-293A

No Significant Values

 Copala

CS-23-294

561.70

562.80

1.10

1.00

6,880

16.50

7,512

 Copala

CS-23-295

No Significant Values

 Copala

CS-23-296

No Significant Values

 Copala

CS-23-297

140.45

159.35

18.90

18.50

310

2.32

445

 Copala

CS-23-297

290.00

294.00

4.00

3.65

244

1.77

347

 Copala 2

CS-23-298

631.60

633.50

1.90

1.83

212

1.14

274

 Copala

CS-23-299

694.75

695.75

1.00

0.90

972

3.36

1,131

 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 $24.00/oz silver and $1,800/oz gold and metallurgical recoveries assumed are 93% for silver and 90% for gold. Gold and silver metallurgical recoveries used in this release are from metallurgical test results of the Napoleon vein (see press release dated February 17, 2022).

Table 2: Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.

Drillhole

Easting

Northing

Elevation

Azimuth

Dip

Depth

CS-23-280

404,775

2,587,802

572

234.7

-28

498

CS-23-281

405,277

2,586,491

677

278.3

-61.2

811.5

CS-23-282

405,025

2,586,223

641

265.5

-45.3

444

CS-23-283

405,119

2,586,386

646

258

-59.5

670.5

CS-23-284A

404,775

2,587,801

572

217

-26

543

CS-23-285

405,025

2,586,224

641

266.5

-63.5

504

CS-23-286

405,276

2,586,491

677

261

-60

766.5

CS-23-287

405,141

2,586,298

645

256.1

-62.9

700.5

CS-23-288

405,174

2,586,229

656

254

-58

702

CS-23-289

405,211

2,586,349

661

270

-62

714

CS-23-290

404,776

2,587,801

572

202

-25

688.5

CS-23-291

405,276

2,586,491

677

261.8

-66.6

807

CS-23-292

405,174

2,586,229

656

239.6

-47.7

570

CS-23-293A

404,775

2,587,802

572

246

-26

505.5

CS-23-294

405,210

2,586,347

648

246

-64.5

735

CS-23-295

405,276

2,586,491

677

288.3

-56

784.5

CS-23-296

405,261

2,586,245

665

239.7

-52.7

600

CS-23-297

404,674

2,587,217

533

290

-53

412.5

CS-23-298

405,440

2,586,181

629

255

-49

753

CS-23-299

405,401

2,586,489

618

252.3

-53.4

793.5

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Figure 1: Plan map of recent drilling centered on the Copala structure. Source: Vizsla Silver Corp.

Vizsla Silver (TSXV: VZLA) has unveiled new drilling results from 16 extension holes at the Copala resource area within the company’s flagship Panuco silver-gold project in Mexico. The latest findings demonstrate a 150-meter lateral expansion of the Copala mineralized footprint to the southeast. The Copala structure, primarily composed of precious metals, is situated in the western part of the Panuco district, about 800 meters east of the Napoleon structure. Current indicated resources at Copala include 51.1 Moz AgEq at 516 g/t AgEq, with inferred resources of 55.4 Moz AgEq at 617 g/t AgEq, hosted in a broad envelope of vein-breccia and host rock up to 82 meters thick.

Michael Konnert, President & CEO, commented in a press release: “Step-out drilling along the southern extent of Copala continues to deliver high-grades over broad widths, beyond the January 2023 resource wireframes. Today’s results extend the Copala mineralized footprint by ~150m to the south of previously reported drilling and represents a potential shoot of new mineralization with a vertical profile of ~280m. We currently have four drill rigs targeting Copala, three focused on expanding the current resource base on the south and one exploration rig testing the lateral potential, to the north. With numerous open-ended intercepts containing very high silver and gold grades over large intervals up to 82m thick, the Copala structure remains a primary focus for both resource expansion and exploration ahead of the next resource update planned for the fourth quarter of 2023.”

Vizsla geologists have identified an average dip of approximately 46° to the east in the Copala structure, which varies from 35° in the northern sector to 52° in the southern sector. With ongoing drilling, mineralization has now been tracked along roughly 1,250 meters of strike length and 400 meters down dip. High-grade silver-gold mineralization remains open to the southeast and north. The recently completed resource expansion drilling, consisting of 16 holes spaced at around 100-meter intervals in Copala’s southern extent, revealed that the structure extends southeast beyond the January 2023 resource and has the potential to host additional high-grade shoots down dip. Holes CS-23-265, -270, -254, -273, and -269 all intersected precious metal-rich mineralization with grades exceeding 1,000 g/t m over a vertical distance of around 280 meters.

Vizsla has completed approximately 35,000 meters of its fully funded 90,000-meter 2023 drilling program. The Panuco silver-gold project, a recently consolidated high-grade discovery located in southern Sinaloa, Mexico, near Mazatlán, spans 7,189.5 hectares. The past-producing district boasts over 86 kilometers of total vein extent, 35 kilometers of underground mines, roads, power, and permits. The Panuco Project is home to 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.

Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree dip of Copala. Source: Vizsla Silver Corp.

Highlights from the results are as follows:

 

  • CS-23-265 returned 1,591 grams per tonne (g/t) silver equivalent (AgEq) over 5.89 metres true width (mTW) (1,403 g/t silver and 4.24 g/t gold)
    • Including 4,842 g/t AgEq over 1.62 mTW (4,245 g/t silver and 13.24 g/t gold)
  • And 396 g/t AgEq over 4.90 mTW (345 g/t silver and 1.12 g/t gold)
    • Including 1,005 g/t AgEq over 1.24 mTW (923 g/t silver and 2.17 g/t gold)
  • CS-23-254 returned 2,743 g/t AgEq over 2.14 mTW (1,319 g/t silver and 22.46 g/t gold)
    • Including 5,222 g/t AgEq over 1.03 mTW (2,320 g/t silver and 45.40 g/t gold)
  • CS-23-269 returned 1,080 g/t AgEq over 1.45 mTW (789 g/t silver and 5.13 g/t gold) hosted within a broader interval grading 512 g/t AgEq over 3.35 mTW

Table 1: Downhole drill intersections from the holes reported for Copala structure and Cristiano vein.

Drillhole

From

To

Downhole
Length

Estimated
True width

Ag

Au

AgEq

Vein

(m)

(m)

(m)

(m)

(g/t)

(g/t)

(g/t)

CS-23-254

520.00

527.75

7.75

5.72

128

0.82

175

 HW splay

CS-23-254

535.40

538.30

2.90

2.14

1,319

22.46

2,743

 Copala

Includes

535.40

536.80

1.40

1.03

2,320

45.40

5,222

CS-23-254

No significant assays

 Cristiano

CS-23-258

No significant assays

 Copala

CS-23-259

No significant assays

 Copala

CS-23-259

215.90

216.30

0.40

0.38

321

1.31

387

 Cristiano

CS-23-260

No significant assays

 Copala

CS-23-261

No significant assays

 Copala

CS-23-261

366.95

367.50

0.55

0.35

256

1.27

323

 Cristiano

CS-23-263

No significant assays

 Copala

CS-23-264

No significant assays

 Copala

CS-23-265

380.60

388.95

8.35

5.89

1,403

4.24

1,591

 Copala

Includes

386.65

388.95

2.30

1.62

4,245

13.24

4,842

CS-23-265

402.00

407.95

5.95

4.90

345

1.12

396

 Cristiano

Includes

403.50

405.00

1.50

1.24

923

2.17

1,005

CS-23-267

345.00

346.50

1.50

1.15

93

0.61

127

 Copala

CS-23-267

438.70

440.80

2.10

1.68

652

2.96

806

 Cristiano

Includes

438.70

440.00

1.30

1.04

916

4.31

1,143

CS-23-268

No significant assays

 Copala

CS-23-268

429.35

430.50

1.15

1.05

171

0.89

219

 Cristiano

CS-23-269

512.45

515.80

3.35

3.35

376

2.41

512

 Copala

Includes

512.45

513.90

1.45

1.45

789

5.13

1,080

CS-23-270

439.80

448.20

8.40

7.50

289

0.82

324

 Copala

Includes

439.80

441.20

1.40

1.25

1,220

2.40

1,297

Includes

447.00

448.20

1.20

1.07

524

2.63

665

CS-23-270

475.50

476.40

0.90

0.75

284

1.11

339

 Cristiano

CS-23-273

523.50

529.85

6.35

6.00

158

1.23

230

 Copala

CS-23-274

No significant assays

 Copala

CS-23-274

No significant assays

 Cristiano

CS-23-275

No significant assays

 Copala

CS-23-275

753.65

754.50

0.85

0.65

158

0.48

179

 Cristiano

CS-23-279

No significant assays

 Copala

CS-23-279

No significant assays

 Cristiano

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 $24.00/oz silver and $1,800/oz gold and metallurgical recoveries assumed are 93% for silver and 90% for gold. Gold and silver metallurgical recoveries used in this release are from metallurgical test results of the Napoleon vein (see press release dated February 17, 2022).

Table 2: Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.

Drillhole

Easting

Northing

Elevation

Azimuth

Dip

Depth

CS-23-254

405,085

2,586,570

696

266.0

-63.0

661.5

CS-23-258

404,834

2,586,561

651

271.7

-62.7

321.0

CS-23-259

404,798

2,586,610

637

235.9

-44.0

237.0

CS-23-260

405,085

2,586,570

697

307.0

-68.0

708.0

CS-23-261

404,778

2,586,756

629

227.0

-68.0

421.5

CS-23-263

404,860

2,586,478

662

245.0

-50.0

333.0

CS-23-264

405,085

2,586,570

697

314.0

-62.0

795.0

CS-23-265

404,861

2,586,478

662

254.0

-69.0

433.5

CS-23-267

404,888

2,586,590

664

235.1

-65.3

582.0

CS-23-268

404,906

2,586,444

654

287.0

-71.5

538.5

CS-23-269

405,085

2,586,570

697

281.0

-66.8

678.0

CS-23-270

404,888

2,586,590

664

215.7

-71.0

691.5

CS-23-273

405,084

2,586,574

700

260.8

-69.7

730.5

CS-23-274

404,898

2,586,343

648

259.0

-45.0

411.0

CS-23-275

405,275

2,586,500

670

261.0

-52.0

810.0

CS-23-279

404,898

2,586,343

648

259.0

-59.0

477.0

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Viszla Silver (TSXV:VZLA) has reported new results from 19 new drill holes at the Tajitos – Copala resource area at the Panuco silver-gold project in Mexico. The company’s intercepts are a part of the ongoing 2022 infill-expansionary drill program at the Copala and Cristiano structures in the western section of the district. 

Infill results now support grade continuity in the south-central portion of the Copala structure. Continued resource expansion drilling to the north and southeast highlights that mineralization remains open. 

Michael Konnert, President and CEO commented in a press release: “The Copala structure continues to impress with high precious metals grades over very broad width. Infill drilling within the Tajitos-Copala resource area continues to highlight exceptional mineral continuity marked by multiple intervals grading well over 1,000 grams per tonne, while expansionary drilling to the north and southeast demonstrate a growing high-grade footprint. Additionally, at Cristiano, drilling has now traced mineralization over 600 metres long by 300 metres deep. We note that Cristiano was not included in the maiden resource, however, given its near surface, high-grade continuity, we expect it will contribute materially to the pending resource update. We have had a phenomenal year of exploration success at Panuco and have expanded mineralization well beyond the March 2022 resource boundary at virtually every zone. Given the amount of new high grade drill results, inclusion of new mineralized structures, and the fast-approaching holiday season, we have elected to publish the resource update in early 2023. We are extremely pleased with the outcome of our 2022 programs and look forward to another outstanding year as we continue to grow and de-risk the Panuco Project in 2023.”

Figure 1: Plan map of recent drilling centered on the Copala structure. Source: Vizsla Silver Corp.

Highlights from the results are as follows:

 

Highlights

  • CS-22-205 returned 2,640 grams per tonne (g/t) silver equivalent (AgEq) over 5.30 metres true width (mTW) (2,101 g/t silver and 9.54 g/t gold)
    • Including 4,563 g/t AgEq over 0.58 mTW (3,080 g/t silver and 23.60 g/t gold)
  • CS-22-210 returned 561 g/t AgEq over 15.50 mTW (425 g/t silver and 2.31 g/t gold)
    • And 2,044 g/t AgEq over 1.01 mTW (1,630 g/t silver and 7.34 g/t gold)
  • CS-22-216 returned 905 g/t AgEq over 8.09 mTW (626 g/t silver and 4.48 g/t gold)
  • CS-22-201 returned 3,340 g/t AgEq over 1.86 mTW (2,536 g/t silver and 13.65 g/t gold)
  • CS-22-217 returned 1,862 g/t AgEq over 2.71 mTW (1,495 g/t silver and 6.56 g/t gold)

The Copala Structure is located in the western portion of the Panuco district at the northern extent of the Tajitos structure. Copala hosts high precious metals grades (up to 11,053 g/t silver and 33.50 g/t gold over 1.26 mTW) contained within a broader envelope of vein-breccia interlayered with host rock, up to 82 metres thick. Ongoing interpretations by Vizsla’s geologists suggest Copala has an average dip of ~46° to the east (~35° in its northern sector and steepening to ~52° in the southern sector).

Drilling at Copala has now traced mineralization along approximately 1,000 metres of strike length and approximately 400 metres down dip. High-grade silver-gold mineralization remains open to the north and southeast with ongoing detailed structural and geologic interpretations indicating the potential for mineralization to continue into the footwall side of the Tajitos Vein. The ongoing infill-drilling program, which consists of 25 holes drilled at 25 metre centers, was designed to assess grade continuity and to provide sample material for future metallurgical tests. To date, infill-holes CS-22-201, CS-22-205, CS-22-214, CS-22-216 and CS-22-218 have confirmed high-grade at tighter spacing. Additionally, step-out holes drilled to the east, particularly holes CS-22-202, CS-22-207 and CS-22-219, suggest an uplifted block of basement metasediments in fault-contact with andesites and diorite (see figures 2 and 4). Vizsla´s team is working on interpretations to determine the amount of displacement by the fault, to define a target elevation for Copala type mineralization on the footwall side (east) of the fault; i.e. an uplifted block on the east creates potential for Copala type mineralization at shallower elevation. Vizsla plans to test this hypothesis with drill-holes collared on the footwall side of the fault.

The Cristiano Vein is a precious metals rich structure located at the southwestern margin of the Copala structure. Cristiano is marked by a quartz-carbonate epithermal-vein striking N25°W that dips sub-vertical (85°) to the NE. Drill-holes intersecting Cristiano to date, highlight a high-grade zone plunging to the NW, with vertical extent of 300 metres and approximate strike length of 600 metres. The Cristiano Vein ranges in thickness from 0.7 mTW to 3.5 mTW, with a weighted average grade of 542 g/t silver equivalent.

The Cristiano Vein was initially discovered while targeting the Tajitos-Copala veins, where drilling intercepted the well-mineralized, NW-SE trending fault. Ongoing drilling has now led to new observations and interpretations allowing Vizsla geologists to plan drill holes specifically designed to explore Cristiano along strike and to depth. To the northwest, Cristiano intersects and offsets the Tajitos Vein, suggesting Cristiano post-dates Tajitos mineralization, thus creating a drill target on the footwall of Tajitos (Figure 3). Additionally, open ended intercepts to the southeast suggest mineralization continues in this direction.

Source: Vizsla Silver

Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree dip of Copala. Source: Vizsla Silver Corp.
Figure 3: Inclined longitudinal section for Cristiano vein with drillhole pierce points. Source: Vizsla Silver Corp.
Figure 4: Cross section showing Copala, Cristiano and Tajitos veins. Source: Vizsla Silver Corp.

 

Drillhole From To Downhole Length Estimated True width Ag Au AgEq Vein    
   
(m) (m) (m) (m) (g/t) (g/t) (g/t)    
CS-22-201 212.25 214.80 2.55 2.18 237 1.74 346 Copala    
Includes 212.25 213.55 1.30 1.11 427 3.22 629      
CS-22-201 392.15 396.00 3.85 1.86 2,536 13.65 3,340 Cristiano    
Includes 392.90 393.30 0.40 0.19 7,740 57.60 11,343      
Includes 393.70 394.60 0.90 0.43 6,220 27.20 7,742      
CS-22-202 No significant values Copala    
CS-22-203 No significant values Copala    
CS-22-204 132.00 158.70 26.70 20.46 175 0.99 234 Copala    
Includes 147.25 148.50 1.25 0.96 569 2.92 739      
Includes 153.30 154.30 1.00 0.77 454 2.43 597      
Includes 156.50 157.50 1.00 0.77 673 3.42 872      
Includes 157.50 158.70 1.20 0.92 575 4.08 828      
CS-22-205 283.00 288.50 5.50 5.30 2,101 9.54 2,640 Copala    
Includes 284.60 285.20 0.60 0.58 3,080 23.60 4,563      
CS-22-205 553.00 553.30 0.30 0.16 85 0.24 96 Cristiano    
CS-22-206 181.10 185.80 4.70 3.11 168 0.90 221 Copala    
CS-22-207 No significant values Copala    
CS-22-208 No significant values Copala    
CS-22-208 484.00 485.50 1.50 1.12 347 0.38 350 FW Splay    
Includes 485.05 485.50 0.45 0.34 873 0.99 883      
CS-22-209 148.00 166.05 18.05 10.00 74 0.56 109 Copala    
Includes 163.45 164.20 0.75 0.42 639 5.22 970      
CS-22-210 117.75 140.70 22.95 15.50 425 2.31 561 Copala    
Includes 120.30 120.90 0.60 0.41 2,710 22.30 4,125      
Includes 130.60 131.40 0.80 0.54 1,285 7.24 1,716      
Includes 131.40 132.00 0.60 0.41 1,800 9.69 2,371      
Includes 132.55 134.05 1.50 1.01 1,630 7.34 2,044      
CS-22-211 No significant values Copala    
CS-22-211 240.00 241.85 1.85 0.55 154 2.24 304 Cristiano    
CS-22-211 283.25 284.50 1.25 1.25 1,103 3.76 1,296 Tajitos    
CS-22-212 No significant values Copala    
CS-22-213 545.10 548.60 3.50 3.20 294 1.19 358 Copala    
Includes 546.50 547.95 1.45 1.33 308 2.08 436      
CS-22-214 114.00 121.05 7.05 3.90 593 4.07 845 Copala    
Includes 115.50 116.80 1.30 0.72 2,020 13.50 2,850      
Includes 116.80 117.50 0.70 0.39 681 4.22 937      
CS-22-215 112.50 115.50 3.00 2.35 216 0.66 248 Copala    
Includes 114.00 115.50 1.50 1.18 335 1.03 385      
CS-22-216 181.00 194.50 13.50 8.09 626 4.48 905 Copala    
Includes 184.65 186.00 1.35 0.81 1,250 14.00 2,170      
Includes 186.00 186.95 0.95 0.57 2,230 18.10 3,376      
Includes 186.95 188.20 1.25 0.75 1,170 7.54 1,631      
CS-22-217 No significant values Copala    
CS-22-217 325.50 330.35 4.85 2.71 1,495 6.56 1,862 Cristiano    
Includes 327.60 328.75 1.15 0.64 1,295 4.59 1,535      
Includes 328.75 329.10 0.35 0.20 13,118 63.70 16,783      
CS-22-218 209.60 215.30 5.70 4.88 197 1.86 317 Copala    
Includes 211.50 213.00 1.50 1.28 283 3.19 493      
Includes 213.00 214.15 1.15 0.98 280 2.58 446      
CS-22-219 No intercepted      

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 are from metallurgical test results of the Napoleon vein (see press release dated February 17, 2022).

Drillhole Easting Northing Elevation Azimuth Dip Depth
CS-22-201 404,724 2,586,986 595 257 -57.7 462.0
CS-22-202 405,087 2,586,905 646 282 -63.6 634.5
CS-22-203 404,896 2,586,778 666 302 -75.0 556.5
CS-22-204 404,539 2,587,280 553 304 -30.8 250.2
CS-22-205 404,840 2,587,003 590 260 -50.0 596.5
CS-22-206 404,541 2,587,280 552 347 -35.0 237.0
CS-22-207 405,087 2,586,905 646 286 -68.2 628.0
CS-22-208 404,896 2,586,778 666 299 -67.9 505.5
CS-22-209 404,541 2,587,280 553 5 -43.3 257.0
CS-22-210 404,482 2,587,238 553 323 -30.0 451.0
CS-22-211 404,643 2,587,058 557 277 -39.5 349.5
CS-22-212 405,087 2,586,905 646 263 -64.9 658.5
CS-22-213 405,084 2,586,574 700 295 -58.8 637.5
CS-22-214 404,632 2,586,883 568 91 -89.1 208.5
CS-22-215 404,482 2,587,237 553 298 -30.0 300.0
CS-22-216 404,681 2,586,877 582 271 -87.0 234.0
CS-22-217 404,643 2,587,058 557 260 -54.0 452.0
CS-22-218 404,701 2,586,892 595 271 -84.6 270.0
CS-22-219 405,087 2,586,905 565 262 -71.4 681.0

Table 2: Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Vizsla Silver (TSXV:VZLA) has announced new results from 13 new drill holes targeting the Cruz Negra Vein in the western portion of the district. The company has reported it has expanded mineralization of West Napolean, and has added new claims at the same time at the 100%-owned Panuco silver-gold project in Mexico.

The results are based on the Cruz Negra Vein, which is 250 meters west of the Napoleon mining area. The northwest and southeast extensions of Cruz Negra, which are currently located on pre-existing Vizsla claims and cover approximately 400 meters of new potentially mineralized vein strike to explore, were added to the claim portfolio.

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

The Vein of the Cruz Negra, 250 meters west of the Napoleon deposit, is an intensely dipping northwest striking vein-breccia. The quartz veining and disseminated sphalerite and galena in the vein breccia are caused by quartz cement bearing disseminated sphalerite and galena. Drilling to date has tested Cruz Negra at a depth of approximately 400 meters from the Josephine Vein.

Furthermore, hole NP-22-293 studied the possible northwest extension and yielded 535 g/t AgEq over 0.76 mTW, revealing that the mineralization extends for another 500 metres on the newly acquired claims. The drilling also displayed potential vein splays or cymoid loops that could significantly impact silver and gold grades.

At Cruz Negra, mineralized intercepts have estimated true widths ranging from 0.65 to 3.10 metres, with grades ranging from 265 to 3,499 g/t AgEq. Mineralization is open at depth and northwest of the current drilling area, where Vizsla plans to complete detailed mapping and start drilling again in the near future to explore the 500 metre gap between known areas of mineralization.

Vizsla’s organic growth plan was implemented in the acquisition of two claims, with a combined surface area of 14.75 hectares that filled most of the 500 m gap between the open-ended intercepts.

Michael Konnert, President and CEO of Vizsla, commented in a press release: “Our ongoing mapping and sampling efforts in the western area of the district have highlighted several new drill ready targets including Cruz Negra. 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.”

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. Source: Vizsla Silver Corp.

Highlights from the results are as follows:

  • NP-22-274 returned 541 grams per tonne (g/t) silver equivalent (AgEq) over 2.09 metres true width (mTW) (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)

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

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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