(VZLA-TSX-V)
Highlights
- Drilling has now defined a higher-grade precious metals rich footprint at Napoleon measuring approximately 1,000 metres long by an average 400 metres deep with an average true width of 3.86 metres. Based on 106 holes completed to date, the higher-grade footprint hosts an uncut, undiluted weighted average grade of 453 g/t AgEq (148 g/t silver, 2.90 g/t gold, 0.46% lead and 1.44% zinc)
- The greater
Napoleon Vein resource area, including the higher-grade footprint, now measures approximately 1,820 metres long by approximatly 300 metres average depth with an average true width of 3.36 metres. Based on a total of 159 holes, the greater Napoleon resource area has an uncut, undiluted weighted average grade of 421 g/t AgEq (142 g/t silver, 2.62 g/t gold, 0.46% lead and 1.39% zinc)
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 |
Vizsla President and CEO
Napoleon Drilling Detail
Napoleon drilling continues to highlight one long continuous panel of mineralization, now traced over 1,820 metres of total strike length. A higher-grade footprint, developing to the south of discovery hole NP-20-07, is marked by multiple intercepts grading over 1,000 g/t AgEq. Newly reported holes within this area further emphasise a shallowly plunging panel of higher-grade mineralization dipping ~20o to the south.
The higher-grade footprint is a relatively wide, precious metals rich, subzone extending from the original discovery area to the south (Figure 2). This near-surface higher-grade footprint has an average vein width of 3.9 metres with an uncut, undiliuted weighted average grade of 453 g/t AgEq (148 g/t silver, 2.90 g/t gold, 0.46% lead and 1.4% zinc). The high-grade footprint currently spans ~1,000 metres along strike to an average depth of 400 metres. However, locally, mineralization has been traced down to 450 metres below surface marked by previously reported hole NP-21-189B. Mineralization remains open to depth and to the south.
To the north of the original discovery area, towards Papayo, medium grade mineralization is observed to be relatively narrow compared to the higher-grade footprint (1.8 mTw vs 3.9 mTw), extending to the far north of Napoleon (Figure 1). In total, the greater
Complete table of Napoleon Resource Area Intersections
Drillhole | From | To | Estimated | Gold | Silver | Lead | Zinc | Silver | Zone | |
(m) | (m) | (m) | (g/t) | (g/t) | (%) | (%) | (g/t) | |||
NP-21-165 | 25.50 | 26.55 | 0.82 | 4.00 | 9 | 0.02 | 0.04 | 383 | OdA | |
NP-21-166 | No Significant value | OdA | ||||||||
NP-21-168 | 292.25 | 306.25 | 5.76 | 0.81 | 56 | 0.84 | 2.55 | 206 | ||
NP-21-169 | No Significant value | |||||||||
NP-21-171 | 123.55 | 125.05 | 1.21 | 2.25 | 26 | 0.00 | 0.00 | 234 | OdA | |
NP-21-174 | 162.50 | 163.50 | 0.72 | 0.19 | 156 | 0.06 | 0.32 | 173 | OdA | |
NP-21-177 | No Significant value | OdA | ||||||||
NP-21-178 | 228.15 | 241.25 | 10.69 | 1.21 | 220 | 0.41 | 0.77 | 347 | ||
Incl. | 237.00 | 241.25 | 3.47 | 2.81 | 469 | 0.66 | 1.17 | 746 | ||
NP-21-180 | 240.65 | 242.45 | 1.74 | 0.29 | 206 | 0.01 | 0.04 | 222 | OdA | |
NP-21-181 | 462.00 | 463.10 | 0.74 | 1.72 | 9 | 0.21 | 0.26 | 179 | ||
NP-21-182 | No Significant value | |||||||||
NP-21-184 | 358.85 | 363.25 | 1.63 | 2.69 | 33.6 | 0.19 | 2.16 | 337 | ||
NP-21-185 | 50.00 | 52.85 | 2.52 | 0.54 | 156 | 0.16 | 0.29 | 207 | OdA | |
NP-21-187 | 394.40 | 397.20 | 1.80 | 0.37 | 15 | 0.09 | 3.15 | 124 | ||
NP-21-188 | No Significant value | |||||||||
NP-21-189B | 591.00 | 597.00 | 3.21 | 0.40 | 20 | 0.45 | 2.74 | 129 | Papayo | |
NP-21-191 | 545.20 | 547.90 | 0.80 | 0.29 | 148 | 0.25 | 3.44 | 251 | ||
NP-21-192A | 143.60 | 145.50 | 1.14 | 4.75 | 128 | 1.20 | 2.53 | 650 | Papayo | |
NP-21-193 | 71.45 | 73.60 | 1.06 | 0.44 | 60 | 0.08 | 0.15 | 103 | ||
NP-21-194 | 113.65 | 114.30 | 0.39 | 7.76 | 286 | 1.68 | 3.42 | 1,110 | Papayo | |
NP-21-198 | 85.25 | 88.50 | 2.90 | 0.76 | 210 | 2.22 | 1.84 | 362 | Papayo | |
Table 1: Drillhole intersections from the Napoleon Vein Resource area not previously reported |
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 |
Drill Collar Information
Prospect | Drillhole | Easting | Northing | Elevation | Dip | Azimuth | Hole |
Napoleon | NP-21-165 | 403,634 | 2,586,038 | 407 | -42.0 | 268.0 | 121.0 |
NP-21-166 | 403,634 | 2,586,038 | 407 | -62.0 | 268.0 | 160.5 | |
NP-21-168 | 403,502 | 2,586,975 | 426 | -66.5 | 260.5 | 351.9 | |
NP-21-169 | 403,648 | 2,586,135 | 397 | -65.0 | 270.0 | 223.5 | |
NP-21-171 | 403,630 | 2,586,198 | 403 | -40.0 | 290.0 | 176.6 | |
NP-21-174 | 403,630 | 2,586,199 | 402 | -55.5 | 283.0 | 215.0 | |
NP-21-177 | 403,630 | 2,586,199 | 403 | -65.0 | 283.0 | 260.0 | |
NP-21-178 | 403,497 | 2,587,577 | 486 | -40.4 | 272.7 | 294.0 | |
NP-21-180 | 403,698 | 2,586,196 | 410 | -62.0 | 283.0 | 360.0 | |
NP-21-181 | 403,636 | 2,586,957 | 478 | -59.0 | 261.5 | 516.0 | |
NP-21-182 | 403,497 | 2,587,577 | 486 | -49.9 | 272.0 | 300.9 | |
NP-21-184 | 403,572 | 2,587,015 | 449 | -61.0 | 267.0 | 420.0 | |
NP-21-185 | 403,556 | 2,586,310 | 416 | -41.0 | 270.0 | 111.0 | |
NP-21-187 | 403,711 | 2,586,773 | 445 | -49.0 | 255.0 | 498.0 | |
NP-21-188 | 403,421 | 2,588,099 | 575 | -47.5 | 266.0 | 294.8 | |
NP-21-189B | 403,763 | 2,587,027 | 488 | -51.0 | 267.0 | 642.0 | |
NP-21-191 | 403,711 | 2,586,773 | 445 | -55.0 | 266.0 | 595.5 | |
NP-21-192A | 403,246 | 2,588,229 | 515 | -68.5 | 274.0 | 300.0 | |
NP-21-193 | 403,224 | 2,588,171 | 524 | -56.0 | 268.4 | 298.5 | |
NP-21-194 | 403,246 | 2,588,229 | 515 | -60.0 | 312.0 | 201.0 | |
NP-21-198 | 403,327 | 2,587,986 | 548 | -37.0 | 244.0 | 168.0 |
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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