Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Vizsla Silver Reports Results From 53 Drill Holes Targeting Napolean Vein Cooridor In Mexican Mine

Author: Benzinga Newsdesk | March 29, 2022 07:34am

Vizsla Silver Corp. (TSXV:VZLA) (NYSE:VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to report results from 53 drill holes targeting the Napoleon Vein Corridor (Napoleon, Napoleon Hangingwall and Josephine veins), at its 100%-owned, flagship Panuco silver-gold project ("Panuco" or the "Project") located in Mexico. The results are a part of Vizsla's ongoing, fully funded 120,000-meter resource/discovery-based drill program.

Highlights

  • Napoleon Vein: NP-21-210 returned 1,803 grams per tonne (g/t) silver equivalent (AgEq) over 4.00 metres true width (mTW) (55 g/t silver, 20.38 g/t gold, 0.21 % lead and 2.99 % zinc)
  • Napoleon Vein: NP-21-260 returned 484 g/t AgEq over 9.42 mTW (85 g/t silver, 2.73 g/t gold, 0.90 % lead and 4.13 % zinc) including:
    • 1,113 g/t AgEq over 2.17 mTW (166 g/t silver, 7.91 g/t gold, 1.22 % Pb and 7.42 % Zn)
  • Napoleon Hangingwall Vein: NP-21-238 returned 1,379 g/t AgEq over 2.7 mTW (746 g/t silver, 6.27 g/t gold, 0.75 % lead and 2.94 % zinc)
  • Josephine Vein: NP-21-214 returned 4,917 g/t AgEq over 0.47 mTW (17 g/t silver, 60.5 g/t gold, 0.36 % lead and 1.40 % zinc)

"The most critical aspect of these results is that the mineralized zone at Napoleon has now grown over 350 metres since the last update, with the continuation of a wide, high grade vein to the south," commented Michael Konnert, President and CEO.  "This reinforces our local exploration model of a high-grade, precious metal-rich core developed along strike and down plunge to the south, beneath the Ojo de Agua sub-zone, which remains a primary target for near-term resource growth at Napoleon.  Twenty-two of these drillholes were completed after the resource data cut-off, further demonstrating the potential for the Napoleon resource to increase in size. To aid in ongoing resource expansion and conversion, the Company has added a directional diamond drill, allowing for faster and cheaper targeted drilling of these down-dip extensions and looks forward to continuing to provide updates on the expansion of the Napoleon resource over the next few months."

Figure 1: Plan map of recent drilling along the Napoleon Vein Corridor (CNW Group/Vizsla Silver Corp.)

About the Napoleon Vein Corridor results

Drilling continues with five rigs focussed on resource expansion and exploration along the Napoleon Vein Corridor.  31 of today's results are from new drill holes completed within the resource wireframes and not included in the March 2022 resource estimate. (see Table 1).

22 of today's results are new intercepts not included in the initial resource estimate and include multiple results from the Ojo de Agua Zone ("OdA") at the southern end of Napoleon (see Table 2). Significant intercepts in this area include NP-22-260 (9.42 mTW at 484 g/t AgEq), and NP-22-244 (2.1m TW at 468 g/t AgEq), of which the latter is located ~350 metres south of any previous drillhole within the high-grade projected plunge of the Napoleon Vein. Additionally, hole NP-21-238 tested the depth potential at Napoleon, returning 2.37 mTW at 455 g/t AgEq, located ~500 metres below surface, representing the deepest intercept reported to date from the Napoleon Vein Corridor.

In 2021, the Company reported gold rich intervals from shallow drilling in the Ojo de Aqua Zone hosted within quartz-carbonate veins (see Company new release dated August 26, 2021). Intercepts included hole NP-21-150 (2.6 mTW at 3.95 g/t gold and 34 g/t silver) and hole NP-21-153 (1.4 mTW at 6.87 g/t gold and 55 g/t silver).  The Company's improved understanding of the controls on mineralization suggests Ojo de Agua may be the top of the mineralized horizon, and increased grades and widths may be intersected at depth. Drilling has further validated this interpretation, highlighting the Ojo de Agua Zone as a primary target for continued drilling to define the full extent of high-grade mineralization intersected to date.

The Napoleon Hangingwall Vein (HW1) continues to grow with intercepts returning both locally very high grades and robust widths. Drilling from east to west allows for complimentary testing of the Hangingwall Vein, while targeting the main Napoleon structure. To date, the Napoleon Hangingwall Vein remains robust towards the south as demonstrated by hole NP-21-238 (2.7 mTW at 1,379 g/t AgEq).

At Josephine, drilling has defined two primary zones of mineralization, one in the north and another in the south (see Figure 1). Drilling remains ongoing in the central zone beneath these resource areas.  Josephine appears to be a sub-ordinate vein to the main Napoleon Vein and contains high-grade centers surrounded by lower grade mineralization unlike the Napoleon Vein, which has near continuous mineralization grading >150 g/t AgEq along 2,500 metres of strike.

The Company is rapidly growing resources on all three veins within the Napoleon Corridor and expects continued success with its proven exploration model as it infills and expands on these intercepts.

Figure 2: Napoleon Vein Contour Longitudinal Section (CNW Group/Vizsla Silver Corp.)

Figure 3: Napoleon Vein Exploration Model Longitudinal Section with pierce points (CNW Group/Vizsla Silver Corp.)

 

Drillhole

From

To

Downhole

Length

Estimated

True Width

Ag

Au

Pb

Zn

AgEq

Comments

(m)

(m)

(m)

(m)

(g/t)

(g/t)

%

%

(g/t)

NP-21-195

No significant values

 

NP-21-196

86.25

87.70

1.45

0.71

114

0.75

0.08

2.87

284

 

NP-21-199

119.60

122.35

2.75

0.69

162

2.83

0.48

1.00

439

Napoleon

Incl.

121.50

122.35

0.85

0.21

313

2.84

0.87

1.74

630

 

And

171.40

174.15

2.75

1.03

42

0.35

0.94

4.42

262

FW

And

180.00

184.50

4.50

1.72

70

2.43

1.26

7.76

592

FW

Incl.

180.00

181.50

1.50

0.72

102

4.16

1.57

11.05

895

FW

NP-21-200

186.00

187.50

1.50

1.10

2

2.20

0.00

0.01

178

Josephine

NP-21-201

116.70

121.90

5.20

4.15

52

0.18

0.03

0.07

70

Napoleon

NP-21-202

232.50

234.00

1.50

0.94

223

0.17

0.08

0.25

248

Josephine

NP-21-204

No significant values

Napoleon

NP-21-205

35.20

35.60

0.40

0.35

38

4.78

0.95

6.93

708

FW

And

51.80

52.15

0.35

0.24

306

0.46

1.41

2.86

490

FW

And

99.00

103.40

4.40

3.81

146

0.54

0.35

0.35

212

Napoleon

NP-21-206

No significant values

 

NP-21-207

No significant values

 

NP-21-208

No significant values

 

NP-21-209

121.50

125.45

3.95

3.06

153

1.06

0.88

0.98

301

Napoleon

NP-21-210

551.45

561.25

9.80

4.00

55

20.38

0.21

2.99

1,803

Napoleon

NP-21-211A

No significant values

 

NP-21-212

No significant values

 

NP-21-213

171.95

172.40

0.45

0.29

1,255

3.04

0.13

0.22

1,510

HW

And

365.00

367.90

2.90

1.71

14

1.25

0.78

1.14

179

HW

And

No significant values

 

NP-21-214

115.65

116.65

1.00

0.47

90

2.05

0.81

1.65

339

HW

And

184.50

185.10

0.60

0.40

20

2.61

0.16

0.74

261

Napoleon

And

279.60

280.50

0.90

0.47

17

60.50

0.36

1.40

4,917

Josephine

NP-21-215

153.45

154.35

0.90

0.43

855

7.40

0.28

2.23

1,538

Napoleon

NP-21-216

290.80

291.30

0.50

0.36

14

0.06

0.07

0.47

38

HW

And

406.60

408.05

1.45

0.53

14

0.95

0.10

0.47

110

Josephine

NP-21-217

41.25

41.55

0.30

0.28

498

2.82

0.44

1.00

774

HW1

And

110.70

111.35

0.65

0.46

213

1.77

0.46

0.46

385

Napoleon

NP-21-218

87.80

88.10

0.30

0.28

123

0.26

0.01

0.04

146

HW1

And

224.90

228.15

3.25

2.14

42

0.38

1.09

0.92

138

Napoleon

NP-21-219

210.00

210.50

0.50

0.43

47

0.98

0.01

0.03

127

Josephine

NP-21-220

436.30

439.35

3.05

1.96

11

0.30

0.05

0.50

56

Napoleon

NP-21-221

No significant values

 

NP-21-223

311.05

311.65

0.60

0.45

7

0.03

0.17

1.80

82

Napoleon

NP-21-224

193.40

206.65

13.25

9.20

38

0.37

0.33

1.01

115

Napoleon

NP-21-226

364.00

366.00

2.00

0.95

16

0.04

0.42

1.05

71

Napoleon

NP-21-228

99.40

102.50

3.10

2.35

109

0.73

0.13

0.25

180

Napoleon

NP-21-229

213.15

215.15

2.00

1.53

499

5.17

0.50

2.71

1,028

HW1

NP-21-229

372.35

378.60

6.25

5.20

10

0.05

0.13

0.37

32

Napoleon

NP-21-230

288.35

290.60

2.25

1.70

30

0.65

0.71

2.92

212

Napoleon

 Table 1: Downhole drill intersections from the holes completed along the Napoleon Vein Corridor included in the maiden resource estimate.

Note:   

AgEq = Ag ppm + (((Au ppm x Au price/gram) + (Pb% x Pb price/t) + (Zn% x Zn price/t))/Ag price/gram). Metal price assumptions are $20.70/oz silver, $1,655/oz gold, $1,902/t lead, $2,505/t zinc.

 

Drillhole

From

To

Downhole
Length

Estimated
True Width

Ag

Au

Pb

Zn

AgEq

Comments

(m)

(m)

(m)

(m)

(g/t)

(g/t)

%

%

(g/t)

NP-21-225

425.45

429.00

3.55

2.72

2

0.04

0.07

0.20

15

Napoleon

NP_21-231

81.00

84.10

3.10

2.73

80

1.27

0.17

1.24

233

Napoleon

NP-21-233

110.35

115.20

4.85

3.00

70

0.66

0.28

0.90

165

Napoleon

NP-21-234

No significant values

 

NP-21-235

No significant values

 

NP-21-237A

No significant values

 

NP-21-238

322.00

324.75

2.75

2.70

746

6.27

0.75

2.94

1,379

HW1

Incl.

323.10

324.75

1.65

1.05

1,170

9.86

1.11

4.49

2,159

 

And

491.95

495.85

3.90

2.37

115

1.23

0.95

5.71

455

 

And

615.00

617.50

2.50

1.61

104

0.80

0.47

1.30

231

OdA

NP-21-239

203.85

206.85

3.00

2.87

91

2.39

1.34

3.67

459

HW1

And

437.75

438.95

1.20

0.63

67

2.01

0.21

3.82

377

OdA

NP-21-240A

No significant values

 

NP-21-241

201.50

201.80

0.30

0.25

68

0.52

0.55

3.63

262

HW1

And

406.85

407.35

0.50

0.35

9

0.04

0.67

1.47

86

Napoleon

NP-21-242

267.30

267.60

0.30

0.20

18

2.59

0.07

0.64

251

HW1

And

564.80

568.00

3.20

1.48

66

0.51

0.95

4.00

284

Napoleon

NP-22-243

207.05

211.70

4.65

4.47

12

0.56

0.09

0.72

86

HW1

And

524.20

528.45

4.25

1.72

47

0.22

0.31

1.97

147

OdA

NP-22-244

256.80

261.35

4.55

4.00

130

1.43

0.01

0.03

245

HW

And

455.05

458.60

3.55

2.10

331

1.39

0.25

0.48

468

OdA

NP-22-245

474.90

477.00

2.10

1.32

17

0.11

0.21

6.51

277

Napoleon

NP-21-246

No significant values

 

NP-22-247

331.55

331.85

0.30

0.20

140

1.06

0.04

1.88

296

Josephine

NP-22-248

457.55

458.45

0.90

0.60

25

0.10

1.09

2.20

147

Napoleon

NP-22-249

54.00

58.90

4.90

3.87

107

1.85

0.52

0.77

299

Napoleon

And

417.45

417.75

0.30

0.20

149

0.30

0.28

0.23

189

Josephine

NP-22-251

568.50

570.00

1.50

0.89

10

0.04

0.24

0.56

41

Napoleon

NP-22-254

242.75

243.30

0.55

0.50

35

1.42

0.55

1.24

210

HW1

And

404.90

412.50

7.60

3.13

34

0.33

0.42

4.08

226

Napoleon

NP-22-255

35.45

40.10

4.65

3.49

140

0.88

0.15

0.46

231

Napoleon

NP-22-260

240.90

241.20

0.30

0.28

808

3.66

1.54

3.12

1,262

HW1

And

337.65

350.25

12.60

9.42

85

2.73

0.90

4.13

484

Napoleon

Incl

337.65

346.00

8.35

6.24

114

3.99

0.80

5.05

646

 

Incl

340.05

344.80

4.75

3.55

134

6.52

1.17

6.91

949

 

Incl

340.50

343.40

2.90

2.17

166

7.91

1.22

7.42

1,113

 

Table 2: Downhole drill intersections from the holes completed along the Napoleon Vein Corridor after the maiden resource estimate.

Note:   

AgEq = Ag ppm + (((Au ppm x Au price/gram) + (Pb% x Pb price/t) + (Zn% x Zn price/t))/Ag price/gram). Metal price assumptions are $20.70/oz silver, $1,655/oz gold, $1,902/t lead, $2,505/t zinc.

Drillhole

Easting

Northing

Elevation

Azimuth

Dip

Depth (m)

NP-21-195

403,304

2,586,709

491

272.0

-60.0

273.0

NP-21-196

403,227

2,588,167

512

268.0

-62.0

330.0

NP-21-199

403,228

2,588,167

512

268.0

-67.0

355.5

NP-21-200

403,304

2,586,709

491

272.0

-41.5

246.0

NP-21-201

403,326

2,588,072

569

230.6

-34.5

176.5

NP-21-202

403,303

2,586,709

491

271.0

-52.9

267.0

NP-21-204

403,218

2,588,105

551

273.0

-60.5

340.5

NP-21-205

403,326

2,588,073

569

259.6

-31.8

225.0

NP-21-206

403,582

2,587,074

442

266.4

-60.0

552.0

NP-21-207

403,283

2,586,827

485

264.9

-45.8

225.0

NP-21-208

403,218

2,588,105

551

273.0

-65.5

349.5

NP-21-209

403,326

2,588,074

569

289.3

-27.2

180.0

NP-21-210

403,689

2,586,995

488

255.0

-60.0

601.0

NP-21-211A

403,526

2,586,763

428

266.0

-65.0

283.5

NP-21-212

403,026

2,586,786

450

92.0

-41.2

292.5

NP-21-213

403,700

2,586,780

447

266.0

-52.0

577.5

NP-21-214

403,254

2,588,212

502

268.0

-62.0

364.5

NP-21-215

403,416

2,587,010

455

249.0

-68.5

220.5

NP-21-216

403,025

2,586,786

450

92.3

-55.4

460.5

NP-21-217

403,254

2,588,213

502

268.5

-31.0

261.0

NP-21-218

403,587

2,586,725

416

262.1

-56.6

339.0

NP-21-219

403,303

2,588,004

547

270.0

-31.8

337.5

NP-21-220

403,702

2,586,812

455

268.5

-47.0

490.5

NP-21-221

403,274

2,587,059

498

227.0

-33.0

261.0

NP-21-223

403,565

2,587,094

455

274.1

-56.8

501.0

NP-21-224

403,459

2,587,533

505

269.0

-49.0

271.5

NP-21-225

403,677

2,586,865

475

257.7

-57.6

577.5

NP-21-226

403,478

2,587,478

514

274.2

-63.0

444.0

NP-21-228

403,396

2,587,588

501

234.0

-29.5

156.0

NP-21-229

403,702

2,586,812

455

268.5

-42.0

480.0

NP-21-230

403,566

2,587,094

455

274.1

-56.8

402.0

NP-21-231

403,396

2,587,589

501

266.0

-31.4

120.6

NP-21-233

403,396

2,587,589

501

267.0

-52.0

171.0

NP-21-234

403,648

2,587,468

464

274.0

-49.0

631.5

NP-21-235

403,562

2,587,162

443

275.2

-58.9

377.5

NP-21-237A

403,592

2,587,408

488

277.0

-48.0

519.0

NP-21-238

403,832

2,586,645

461

272.5

-51.4

690.0

NP-21-239

403,635

2,586,956

478

250.0

-60.0

556.5

NP-21-240A

402,986

2,587,132

516

62.4

-37.5

333.0

NP-21-241

403,575

2,587,495

474

270.9

-51.8

501.0

NP-21-242

403,690

2,586,995

488

263.4

-58.1

651.0

NP-22-243

403,636

2,586,952

474

243.0

-62.7

627.0

NP-22-244

403,894

2,586,214

436

269.5

-51.0

615.0

NP-22-245

403,594

2,587,393

485

268.0

-52.0

529.5

NP-22-246

402,986

2,587,132

516

61.9

-52.5

390.0

NP-22-247

403,292

2,587,341

495

264.0

-58.0

366.0

NP-22-248

403,683

2,587,540

475

270.0

-49.2

696.0

NP-22-249

403,365

2,587,332

489

264.0

-55.8

425.5

NP-22-251

403,650

2,587,407

470

265.0

-52.5

696.0

NP-22-254

403,652

2,586,543

426

270.0

-66.0

504.0

NP-22-255

403353

2587461

522

259.0

-38.0

351.0

NP-22-260

403,694

2,586,598

439

270.0

-58.0

563.0

Table 3: Napoleon Vein Corridor drillhole details. Coordinates in WGS84, Zone 13.

Posted In: TSXV:VZLA VZLA

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist