(VZLA-TSX-V)
Drilling Highlights
NP-20-42
- 422 g/t silver equivalent (180.1 grams per tonne ("g/t") silver, 2.27 g/t gold, 0.44% lead and 1.31% zinc) over 11.02 metres ("m") true width from 149.15 m including;
- 2,383 g/t silver equivalent (974.8 g/t silver, 13.88 g/t gold, 1.63 % lead and 5.83% zinc) over 1.09 m true width from 163.8 m and,
NP-20-31
- 569 g/t silver equivalent (181.2 g/t silver, 3.75 g/t gold, 0.59% lead and 1.52% zinc) over 3.54 m true width from 47.05m
NP-20-13
- 561.6 g/t silver equivalent (262.3g/t silver, 2.57 g/t gold, 1.26% lead and 2.0% zinc) over 3.23 m true width from 130.35m
Note: All numbers are rounded and widths represent downhole lengths. 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 |
Vizsla President and CEO,
Figure 1: Longitudinal section from Napoleon prospect with all holes labelled and selected intersections shown. All figures including a plan map can be found at the Company's website here www.vizsla.com.
Napoleon Drilling Detail
Drilling has continued to expand the known extents of mineralization at Napoleon. The Company has completed a series of shallow holes above the original discovery zone that has extended mineralization towards surface. Mineralization remains open towards surface and the south in this area.
Step-out holes have also been completed at the northern end of the zone and towards depth where mineralization remains open.
Deeper drilling is continuing at Napoleon as the Company seeks to define the extent of economic mineralization. Assays remain outstanding for deeper holes and drilling has recommenced in 2021 with two rigs – one continuing the deeper drilling and another expanding the zone towards the north.
Complete table of Napoleon drill hole intersections
Drillhole | From | To | Est. True Width | Gold | Silver | Lead | Zinc | Silver | Comment |
(m) | (m) | (m) | (g/t) | (g/t) | (%) | (%) | (g/t) | ||
NP-20-13 | 130.35 | 134.2 | 3.23 | 2.57 | 262.3 | 1.26 | 2.00 | 561.6 | Results |
Incl. | 132 | 134.2 | 1.85 | 3.11 | 437.5 | 2.13 | 3.14 | 822.4 | |
NP-20-30 | 25.5 | 27.8 | 1.22 | 0.76 | 29.9 | 0.20 | 0.33 | 111.3 | |
And | 56.9 | 60.95 | 2.15 | 0.51 | 32.2 | 0.03 | 0.11 | 81.1 | |
NP-20-31 | 47.05 | 59.6 | 3.54 | 3.75 | 181.2 | 0.59 | 1.52 | 568.9 | |
And | 74.5 | 77.9 | 0.96 | 1.35 | 38.4 | 0.09 | 0.16 | 168.2 | |
NP-20-32 | 45.85 | 47.25 | 1.06 | 0.76 | 196.1 | 0.04 | 0.06 | 257.3 | |
NP-20-33 | 55.1 | 57.25 | 1.78 | 0.53 | 64.1 | 0.06 | 0.09 | 113.6 | |
NP-20-35 | Intercepted mine workings | ||||||||
NP-20-37 | 52.7 | 53.6 | 0.51 | 0.82 | 88.0 | 0.08 | 0.71 | 177.3 | |
And | 66.9 | 68.2 | 0.74 | 0.79 | 58.1 | 0.10 | 0.44 | 140.6 | |
NP-20-38 | 91.5 | 114.0 | 9.39 | 1.52 | 95.7 | 0.26 | 0.61 | 252.0 | |
Incl. | 91.5 | 92.65 | 0.48 | 19.00 | 890.0 | 2.41 | 3.56 | 2,746.6 | |
And | 102.05 | 114 | 4.99 | 0.91 | 83.4 | 0.20 | 0.58 | 181.6 | |
NP-20-39 | 91.05 | 94.6 | 1.40 | 1.43 | 140.0 | 0.22 | 0.49 | 281.6 | |
NP-20-42 | 149.15 | 165.4 | 11.02 | 2.27 | 180.1 | 0.44 | 1.31 | 421.8 | |
Incl. | 149.15 | 156.6 | 5.05 | 1.87 | 169.3 | 0.59 | 1.55 | 382.8 | |
And | 163.8 | 165.4 | 1.09 | 13.88 | 974.8 | 1.64 | 5.83 | 2,382.8 |
Table 1: Downhole drill intersections from the holes completed at the Napoleon Discovery.
Note: All numbers are rounded and widths represent downhole lengths. 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 |
Drill Collar Information
Prospect | Drillhole | Easting | Northing | Elevation | Dip | Azimuth | Hole |
Napoleon | NP-20-13 | 403,421 | 2,587,286 | 471 | -52 | 298 | 161 |
NP-20-30 | 403,367 | 2,587,338 | 489 | -55 | 242 | 93 | |
NP-20-31 | 403,367 | 2,587,338 | 489 | -58 | 209 | 104 | |
NP-20-32 | 403,368 | 2,587,335 | 489 | -40 | 210 | 99 | |
NP-20-33 | 403,368 | 2,587,335 | 489 | -43 | 291 | 104 | |
NP-20-35 | 403,367 | 2,587,337 | 489 | -69 | 248 | 44 | |
NP-20-37 | 403,367 | 2,587,342 | 489 | -63 | 293 | 102 | |
NP-20-38 | 403,355 | 2,587,423 | 506 | -77 | 258 | 161 | |
NP-20-39 | 403,355 | 2,587,423 | 506 | -73 | 307 | 144 | |
NP-20-42 | 403,454 | 2,587,380 | 475 | -45 | 254 | 191 |
Table 2: Drill hole details. Coordinates in WGS84, Zone 13.
About the
Vizsla has an option to acquire 100% of the recently 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.
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
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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