(VZLA-TSX-V)
Napoleon Highlights
- Resource area expanded by 700 metres along strike (500 m to the north and 200 m to the south)
- Infill drilling continues to demonstrate consistent near-surface mineralization at northern
Papayo Zone - Napoleon now traced to 450 meters deep, marked by new intercept ~100 m below that of the deepest previously reported interval
- NP-21-173:
- 774 g/t AgEq (99 g/t Ag, 6.80 g/t Au, 0.20% Pb and 1.82% Zn) over 3.7 m downhole length from 108.5 m and
- 592 g/t AgEq (277 g/t Ag, 2.57 g/t Au, 0.26% Pb and 3.69% Zn) over 1.83 mTW from 136.1 m
- NP-21-186: 200 m step-out to the south
- 280 g/t AgEq (58 g/t silver, 0.93 g/t gold, 0.52% lead and 5.50% zinc) over 2.74 mTW from 359.8 m
Tajitos Highlights
- Resource area expanded by 200 metres along strike to the northeast
- CS-21-71:
- 1,150 g/t AgEq (901 g/t Ag and 3.25 g/t Au) over 3.84 mTW from 201.5 m
- CS-21-60:
- 319 g/t AgEq (201 g/t Ag and 1.40 g/t Au) over 6.82 mTW from 334.5 m
Note: All numbers are rounded. See Table 1 and 2 for Silver equivalent formulas. |
Vizsla President and CEO
Napoleon Drilling Detail
Resource drilling at Napoleon is focussed on expanding and infilling three main areas along the Napoleon Vein Corridor with four drill rigs. To the south, a 200-metre step out from previously reported NP-21-142, has returned a medium grade vein intercept (280g/t AgEq over 2.74 mTW) and multiple hanging wall and footwall intercepts. This large step-out, will require ongoing infill drilling to further demonstrate local continuity of the mineralization.
Additionally, deeper drilling along strike and down-plunge to the south, has been successful in extending mineralization to over 450 metres below surface. Hole NP-21-189B is now the deepest drill hole completed at Napoleon and supports an additional 100 metres to the zone's overall vertical profile. The Company will continue to test the depth potential of the Napoleon Vein with broad 100 metre step-outs ahead of the
In the north at the
Tajitos Drilling Detail
The Tajitos Resource area continues to expand, with mineralization now traced over 1,000 m of strike. New results from the northeast have locally expanded mineralization by ~200 m, marked by 901 g/t Ag and 3.25 g/t Au (1,15 g/t AgEq) over 3.84 mTW in hole CS-21-71. This, in addition to multiple wide vein intercepts in holes CS-21-87, CS-21-90 and CS-21-92 (assays pending) indicate the potential for a much larger panel of mineralization than previously considered at
Three rigs continue to drill test
Exploration Drilling Update
Two rigs continue to expand the Josephine Vein, with step-out holes underway testing both the southern and northern extents of the vein. Over the coming months, systematic drilling will aim to cover the entire 1,200 metre of known vein strike, with assays to be reported in batches upon receipt.
One rig is testing electromagnetic (EM) targets at the northern extension of the Cinco Senores Vein Corridor. Two additional EM targets have now been drill tested, with one returning broad intervals of disseminated galena and sphalerite and the second defining a new vein coincident with the target. Assays remain outstanding for all EM target holes.
Panuco Project Site Tour
The Company will be hosting an analyst site tour of its
Complete table of Napoleon Resource Area Intersections
Drillhole | From | To | Downhole | Estimated | Gold | Silver | Lead | Zinc | Silver | Comment |
(m) | (m) | (m) | (m) | (g/t) | (g/t) | (%) | (%) | (g/t) | ||
NP-21-163 | No Significant Results | |||||||||
NP-21-164 | 354 | 362.65 | 8.65 | 6.96 | 2.12 | 74 | 0.40 | 2.10 | 324 | |
Incl. | 354.9 | 358.15 | 3.25 | 2.62 | 3.50 | 104 | 0.21 | 3.95 | 520 | |
NP-21-167 | 351.15 | 360.02 | 8.85 | 4.37 | 1.26 | 111 | 0.96 | 3.02 | 313 | |
Incl. | 351.15 | 359.75 | 5.6 | 2.77 | 1.78 | 165 | 1.30 | 4.21 | 449 | |
Incl. | 235.3 | 353.6 | 0.3 | 0.15 | 7.96 | 988 | 1.63 | 15.95 | 2,077 | |
NP-21-172 | 362.75 | 370.5 | 7.75 | 7.32 | 1.34 | 114 | 0.21 | 0.77 | 254 | |
Incl. | 369.0 | 370.5 | 1.5 | 1.42 | 2.56 | 458 | 0.14 | 0.50 | 684 | |
NP-21-173 | 108.5 | 112.2 | 3.7 | 6.80 | 99 | 0.20 | 1.83 | 774 | Hanging wall | |
Incl. | 108.5 | 109.4 | 0.9 | 26.0 | 263 | 0.28 | 5.40 | 2,803 | ||
And | 136.05 | 141.3 | 5.25 | 1.83 | 2.57 | 277 | 0.27 | 3.7 | 592 | |
Incl. | 136.05 | 136.8 | 0.75 | 0.26 | 13.95 | 1,430 | 0.66 | 23.3 | 3,199 | |
NP-21-175 | 402.15 | 413 | 10.85 | 6.23 | 0.94 | 32 | 0.42 | 2.53 | 186 | |
NP-21-176 | 167.45 | 169.5 | 2.05 | 1.06 | 0.66 | 64 | 4.37 | 3.18 | 296 | |
And | 176.9 | 177.35 | 0.45 | 18.75 | 1,090 | 4.18 | 8.19 | 3,059 | ||
And | 216.0 | 217.5 | 1.5 | 2.41 | 71 | 0.36 | 1.02 | 323 | ||
NP-21-179 | 289.3 | 301.95 | 12.65 | 6.82 | 0.74 | 38 | 0.13 | 0.36 | 116 | |
NP-21-183 | 64.6 | 65.8 | 1.2 | 0.44 | 75 | 0.08 | 0.14 | 117 | ||
And | 275.55 | 276.95 | 1.4 | 3.57 | 24 | 1.32 | 1.57 | 422 | ||
NP-21-186 | 33.0 | 37.0 | 4.0 | 1.12 | 169 | 0.04 | 0.24 | 297 | ||
And | 275.55 | 276.95 | 1.4 | 3.57 | 24 | 1.32 | 1.57 | 422 | ||
And | 253.4 | 276.95 | 1.5 | 1.09 | 384 | 0.22 | 0.23 | 472 | ||
And | 359.8 | 363.3 | 3.5 | 2.74 | 0.93 | 58 | 0.52 | 5.50 | 280 | Napoleon |
Table 1: Drillhole intersections from the Napoleon Vein Resource area not previously reported. All main vein intercepts have an estimated true width. Intercepts without true width estimates are hanging wall or footwall intersections.
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) + (Pb_ppm x 0.0013) + (Zn_ppm x 0.0013)) / 0.5627. Metal price assumptions are |
Napoleon Drill Collar Information
Prospect | Drillhole | Easting | Northing | Elevation | Dip | Azimuth | Hole |
Napoleon | NP-21-163 | 403,225 | 2,588,348 | 483 | -66 | 255 | 501 |
NP-21-164 | 403,188 | 2,587,055 | 530 | -60 | 90 | 409 | |
NP-21-167 | 403,589 | 2,586,938 | 472 | -56 | 264 | 400 | |
NP-21-172 | 403,188 | 2,587,055 | 530 | -64 | 90 | 468 | |
NP-21-173 | 403,408 | 2,587,211 | 478 | -64 | 279 | 201 | |
NP-21-175 | 403,590 | 2,586,938 | 472 | -61 | 264 | 434 | |
NP-21-176 | 403,249 | 2,588,277 | 532 | -45 | 270 | 557 | |
NP-21-179 | 403,572 | 2,587,015 | 449 | -57 | 267 | 403 | |
NP-21-183 | 403,249 | 2,588,277 | 532 | -60 | 270 | 519 | |
NP-21-186 | 403,724 | 2,586,660 | 444 | -47 | 277 | 483 |
Table 2: Drill hole details. Coordinates in WGS84, Zone 13
Complete table of
Drillhole | From | To | Downhole | Estimated | Gold | Silver | Silver | Comment |
(m) | (m) | (m) | (m) | (g/t) | (g/t) | (g/t) | ||
CS-21-60 | 334.5 | 345.2 | 10.7 | 6.82 | 1.40 | 201 | 319 | |
Incl. | 339.8 | 345.2 | 5.4 | 3.44 | 2.27 | 308 | 502 | |
CS-21-61 | 276.25 | 277.5 | 1.25 | 0.76 | 2.04 | 296 | 468 | |
CS-21-71 | 201.5 | 205.5 | 4 | 3.84 | 3.25 | 901 | 1,150 | |
Incl. | 201.5 | 203.6 | 2.1 | 2.02 | 5.88 | 1618 | 2,069 |
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 |
Tajitos Drill Collar Information
Prospect | Drillhole | Easting | Northing | Elevation | Dip | Azimuth | Hole |
CS-21-60 | 404,341 | 2,586,523 | 582 | -61 | 248 | 426 | |
CS-21-61 | 404,364 | 2,586,657 | 601 | -70 | 279 | 342 | |
CS-21-71 | 404,530 | 2,587,033 | 540 | -50 | 286 | 288 |
Table 2: Drill hole details. Coordinates in WGS84, Zone 13.
About the
The newly consolidated
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.
Note: Two new claims have been acquired adding 149.9 hectares of new area. 4,103.5 hectares previously reported as part of the
Quality Assurance / Quality Control
Drill core and rock samples were shipped to ALS Limited in
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
Website: www.vizslasilvercorp.ca
Neither
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward–Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward–looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward–looking statements or information. These forward–looking statements or information relate to, among other things: the development of
Forward–looking statements and forward–looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla, future growth potential for Vizsla and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Vizsla's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements or forward-looking information and Vizsla has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in
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