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(VZLA-TSX-V)
"Progressing to drilling is the next step of Vizsla's rapid advancement of the
Vizsla is planning an aggressive exploration program for 2020 with a team of ten geologists and supporting staff actively mapping and sampling across the district. The Company is currently completing detailed infill mapping along the Animas vein corridor and this month has commenced along the Cordon del
A drill rig was mobilized to site in late 2019 and drilling will commence at the La Pipa and Mariposa targets along the Animas corridor for continuation of mineralization beneath known workings. The program will expand to include first pass drilling at most identified targets over the first half of 2020.
"Commencing drilling is an exciting step forward for the Company as this discovery phase of the program will identify the prospects across the project to be the focus of possible resource drilling. Exploration to date has utilized geochemical sampling, epithermal texture interpretation and structural targeting to identify nineteen prospects along four of the major vein corridors for drilling and the Company expects this number to grow as it builds its knowledge of controls on mineralization within the district." Commented Vice President of Exploration,
Previously reported intersections from
Vein | Prospect | Location | Width | Silver | Gold | Silver |
Animas | Surface | 3.6 | 690.9 | 7.00 | 1,250.5 | |
Incl. | 1.6 | 1,385.0 | 15.25 | 2,605.0 | ||
Underground | 6.0 | 612.3 | 5.65 | 1,064.4 | ||
Incl. | 3.0 | 1,120.0 | 10.50 | 1,959.6 | ||
Underground | 4.5 | 516.7 | 2.55 | 721.0 | ||
Incl. | 3.0 | 721.0 | 3.51 | 1,001.8 | ||
Mariposa | Surface | 3.0 | 488.0 | 3.20 | 743.6 | |
Incl. | 1.5 | 692.0 | 4.33 | 1,038.4 | ||
La Pipa | Surface | 2.4 | 343.0 | 1.77 | 484.6 | |
Cordon del | Surface | 0.5 | 1,900.0 | 29.30 | 4,244.0 | |
Surface | 0.4 | 586.0 | 7.12 | 1,155.6 | ||
Underground | 0.6 | 516.0 | 3.83 | 822.4 | ||
Mojocuan 2 | Underground | 2.0 | 91.3 | 8.98 | 809.3 | |
Cinco Señores 3 | Surface | 1.0 | 421.0 | 2.66 | 633.8 | |
Descubridora | Underground | 5.95 | 548.4 | 3.97 | 865.9 | |
And | 1.9 | 981.5 | 6.13 | 1,471.8 | ||
Incl. | 0.6 | 1,225.0 | 13.55 | 2,309.0 | ||
El Tajito | Surface | 2.5 | 331.0 | 2.18 | 482.2 | |
Incl. | 1.5 | 465.0 | 3.43 | 739.4 | ||
Napoleon | Surface | 1.4 | 331.0 | 5.02 | 732.6 | |
Los Rieles | Surface | 1.5 | 715.0 | 4.87 | 1,104.6 | |
Napoleon 4 | Surface | 0.9 | 1,860.0 | 14.55 | 3,024.0 |
Table 1: Select channel sample results from veins at
About the
Vizsla has an option to acquire 100% of the newly-consolidated 9,386.5 Ha Panuco district in southern
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.
Qualified Person
The scientific and technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of the Company by
ALS has a quality management system that meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. At ALS, samples were dried, weighed and logged in, then crushed to 70% passing -2 mm. The sample was then split, and 250 grams were crushed until more than 85% was smaller than 75 microns. Prepared pulps were sent to the laboratory in
The Qualified Person has checked the blank analyses and certified that no contamination between samples has occurred. Most gold and silver analyses from the standard pulps are within one standard deviation of the mean value, and all are within two standard deviations of the mean value. It is the Qualified Person's opinion that the accuracy of the laboratory analyses is adequate. Analyses of field and pulp duplicates are mostly within 10%, but some show a larger variation due to the "nugget effect", a phenomenon where a very small particle of precious metal-rich material can create a large variance in the assay result.
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; 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: satisfaction or waiver of all applicable conditions to closing of the Acquisition including, without limitation, receipt of all necessary approvals or consents and lack of material changes with respect to Vizsla and
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