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.
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 |
Estimated |
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. |
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