(VZLA-TSX-V)
Highlights
- CS-21-66: 115 metre step to the southwest:
- 3,374 grams per tonne (g/t) silver equivalent (AgEq) (2,607 g/t silver and 9.90 g/t gold) over 1.5 metres true width (mTW) from 348.3 m and;
- 793.9 g/t AgEq (599.7 g/t silver and 2.47 g/t gold) over 1.3 down hole width from 175.45m
- CS-21-77: 165 metre step to the northeast:
- 354 g/t AgEq (216 g/t silver and 1.62 g/t gold) over 4.95 mTW from 348.3 m and;
- 1,582 g/t AgEq (1,115 g/t silver and 5.73 g/t gold) over 0.7 down hole width from 159.7 m
- CS-21-37: 1,643 g/t AgEq (960 g/t silver and 7.94 g/t gold) over 1.34 mTW from 207.3 m
- CS-21-50: 807 g/t AgEq (615 g/t silver and 2.46 g/t gold) over 1.99 mTW from 251.4 m
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 |
Vizsla President and CEO
Tajitos Drilling detail
Resource drilling targeting the Tajitos Vein, located along the Cinco Senores Vein Corridor (Figures 1 & 2), approximately 500m east of the Napoleon Vein, has significantly expanded the Zone's mineralized footprint, now measuring 800 metres along strike and to a depth of 300 metres below surface. Drilling will now progress using a grid pattern on 100-metre centers (previously 50-metre centers) due to increased confidence in local controls to mineralization and the potential to rapidly add tonnage ahead of the data cut-off for inclusion in the maiden project resource.
Step-out drilling to the southwest intersected 3,374 g/t silver equivalent over a true width of 1.4 metres in one of the deepest holes completed to date at
To the northeast, step-out hole CS-21-77 was similarly successful, intersecting the vein with increased width; 4.9 metres true width grading 354 g/t silver equivalent. This intercept is open in all directions and the company interprets it to be part of another potential zone of dilation observed along the Tajitos Vein. Step outs to depth and further to the northeast continue to define a broad mineralized structure (assays remain pending for these holes).
Following the receipt of several outstanding assays surrounding the step-out holes detailed above, Vizsla intends to provide an updated average width and weighted average grade for the Tajitos Vein.
CS-21-77 has also identified an additional parallel vein in the hanging wall of
Infill drilling centered on the core area of
Additionally, a notable change in dip direction observed in the southwest, with an axis from hole CS-21-48 to CS-21-47, may be responsible for local grade variability, with relatively higher grades intercepted above and below this change. Holes CS-21-23 and CS-21-50 are good examples of the mineralization returning to higher grades beneath and to the southwest of this change in orientation.
There are currently 10 drill rigs turning at
Complete table of
Drillhole | From | To | Length | True | GOLD | SILVER | Silver | Comment |
(m) | (m) | (m) | (g/t) | (g/t) | (g/t) | |||
CS-21-34 | 351 | 353.5 | 2.5 | 1.38 | 1.16 | 79 | 182 | |
CS-21-35 | No Significant values | Ands/Dior cont. | ||||||
CS-21-37 | 207.3 | 209.2 | 1.9 | 1.34 | 7.94 | 960 | 1,643 | |
Incl. | 207.3 | 208.5 | 1.2 | 0.85 | 12.05 | 1,465 | 2,501 | |
And | 223.2 | 223.9 | 0.70 | 4.16 | 2,082 | 2,345 | Foot wall | |
Incl. | 223.2 | 223.5 | 0.30 | 9.01 | 4,590 | 5,155 | ||
CS-21-38 | No Significant values | Ands/Dior cont. | ||||||
CS-21-39 | No Significant values | |||||||
CS-21-41 | 226.65 | 229.5 | 2.85 | 2.15 | 1.09 | 188 | 278 | |
CS-21-42 | No Significant values | |||||||
CS-21-44 | 261.25 | 263.1 | 1.8 | 1.38 | 2.83 | 527 | 759 | |
Incl. | 261.25 | 262 | 0.75 | 0.57 | 3.17 | 639 | 896 | |
CS-21-45 | No Significant values | Ands/Dior cont. | ||||||
CS-21-46 | 182.5 | 183.1 | 0.5 | 0.46 | 0.17 | 92 | 103 | |
CS-21-47 | 313.6 | 322.3 | 8.7 | 0.51 | 99 | 141 | Hanging wall | |
Incl. | 313.6 | 314.7 | 1.1 | 1.78 | 418 | 558.9 | ||
And | 401.2 | 401.8 | 0.55 | 0.43 | 0.16 | 35 | 48 | Ands/Dior cont. |
CS-21-48 | No Significant values | Dip change | ||||||
CS-21-49 | 176.05 | 184.5 | 8.45 | 2.56 | 304 | 524 | Hanging wall | |
Incl. | 179.45 | 181.0 | 1.55 | 8.27 | 816 | 1,538 | ||
And | 358.7 | 363.5 | 4.75 | 3.14 | 0.12 | 23 | 33 | |
CS-21-50 | 251.4 | 254.3 | 2.85 | 1.99 | 2.46 | 615 | 807 | |
Incl. | 251.4 | 252.4 | 1.0 | 0.70 | 6.45 | 1,640 | 2,143 | |
CS-21-51 | 373.85 | 375.7 | 1.85 | 0.97 | 0.16 | 62 | 73 | |
CS-21-52 | 291.75 | 293.0 | 1.25 | 0.86 | 3.37 | 315 | 610 | |
CS-21-53 | 333.2 | 335.45 | 2.25 | 2.04 | 0.33 | 51 | 79 | Dip change |
CS-21-54 | No Significant values | |||||||
CS-21-55 | No Significant values | Dip change | ||||||
CS-21-57A | No Significant values | Dip change | ||||||
CS-21-59A | 269.55 | 271.6 | 2.05 | 1.39 | 3.26 | 73 | 372 | |
Cs-21-66 | 175.45 | 176.8 | 1.3 | 2.47 | 600 | 794 | Hanging wall | |
And | 348.3 | 350.5 | 2.2 | 1.50 | 9.90 | 2,607 | 3,374 | |
CS-21-77 | 159.7 | 160.4 | 0.7 | 5.73 | 1,115 | 1,582 | Hanging wall | |
And | 182.9 | 187.9 | 4.95 | 4.38 | 1.62 | 216 | 354 |
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 |
Drill Collar Information
Prospect | Drillhole | Easting | Northing | Elevation | Dip | Azimuth | Hole |
CS-21-34 | 404,353 | 2,586,793 | 600 | -66 | 299 | 381 | |
CS-21-35 | 404,280 | 2,586,736 | 564 | -61 | 322 | 251 | |
CS-21-37 | 404,279 | 2,586,735 | 564 | -68 | 296 | 300 | |
CS-21-38 | 404,280 | 2,586,736 | 564 | -70 | 328 | 360 | |
CS-21-39 | 404,417 | 2,587,022 | 521 | -74 | 280 | 305 | |
CS-21-41 | 404,456 | 2,586,929 | 527 | -60 | 302 | 276 | |
CS-21-42 | 404,456 | 2,586,929 | 527 | -69 | 303 | 306 | |
CS-21-44 | 404,458 | 2,586,923 | 526 | -59 | 284 | 305 | |
CS-21-45 | 404,544 | 2,586,776 | 529 | -37 | 299 | 399 | |
CS-21-47 | 404,544 | 2,586,776 | 529 | -45 | 298 | 431 | |
CS-21-48 | 404,341 | 2,586,524 | 582 | -41 | 307 | 291 | |
CS-21-49 | 404,353 | 2,586,793 | 600 | -73 | 304 | 389 | |
CS-21-50 | 404,341 | 2,586,524 | 582 | -52 | 309 | 363 | |
CS-21-51 | 404,353 | 2,586,792 | 600 | -74 | 275 | 386 | |
CS-21-52 | 404,341 | 2,586,524 | 582 | -60 | 315 | 315 | |
CS-21-53 | 404,364 | 2,586,657 | 601 | -57 | 309 | 366 | |
CS-21-54 | 404,340 | 2,586,524 | 582 | -66 | 315 | 378 | |
CS-21-55 | 404,364 | 2,586,657 | 601 | -64 | 310 | 384 | |
CS-21-57A | 404,364 | 2,586,657 | 601 | -62 | 300 | 387 | |
CS-21-58 | 404,320 | 2,586,484 | 586 | -70 | 312 | 414 | |
CS-21-59A | 404,364 | 2,586,657 | 601 | -68 | 299 | 372 | |
CS-21-66 | 404,277 | 2,586,414 | 590 | -69 | 270 | 392 | |
CS-21-77 | 404,504 | 2,587,123 | 549 | -49 | 297 | 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
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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