(VZLA-TSX-V)
Highlights
NP-21-104
- 3,707 g/t silver equivalent (1,274.6 grams per tonne ("g/t") silver, 25.97 g/t gold, 0.75% lead and 3.00% zinc) over 3.45 metres ("m") true width from 209.2 m downhole including;
- 13,380 g/t silver equivalent (5,410.0 g/t silver, 88.20 g/t gold, 1.02 % lead and 1.95% zinc) over 0.66 m true width from 210.2 m
NP-21-89
- 663 g/t silver equivalent (355.9 grams per tonne ("g/t") silver, 3.13 g/t gold, 0.80% lead and 0.81% zinc) over 10.30 metres ("m") true width from 92.0 m downhole
NP-21-82
- 765 g/t silver equivalent (391.9 grams per tonne ("g/t") silver, 3.89 g/t gold, 0.27% lead and 1.21% zinc) over 4.22 metres ("m") true width from 76.4 m downhole
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
Drilling has expanded mineralization in multiple areas along the Napoleon Vein Corridor. At the southern end of the known mineralization, drilling has intersected the vein 110m beneath hole NP-21-94 (Figure 2). This hole is the deepest drilled along the corridor to date and has returned a true width of 3.93 metres with a grade of 309 g/t silver equivalent. This area is open in all directions and drilling is testing for expansions of mineralization.
There is a gap in drilling between the discovery area and southern drilling and this is being systematically infilled with ~50m spaced drillholes. In the previous release, the Company reported that, the vein continues to the south of a post mineral fault with good widths and excellent grades in hole NP-21-80. The robust nature of the vein continues with excellent widths and high grades returned from hole NP-21-82, NP-21-84 and NP-21-104. The later hole is particularly impressive returning a true width of 3.45 metres with a grade of 3,707 g/t silver equivalent. This area is open to the south and at depth.
Drilling has extended the panel of mineralization over 230 metres to the north. Further north again, at Papayo, high grade mineralization has been intersected, however, a post mineral faulting has significantly affected the continuity of the vein. In the area around hole NP-21-105 (Figure 2) the vein is less impacted, and a more consistent zone is being delineated. The vein in the area is generally narrower than further to the south.
The Company has four drill rigs, from a total of eight on the project, drilling the Napoleon vein corridor. Three are focused on resource drilling within the area of Figure 2 and a fourth is testing the
Complete table of Napoleon drill hole intersections
Drillhole | From | To | Down | EST. | Gold | Silver | Lead | Zinc | Silver Equivalent | Comment |
(m) | (m) | (m) | (m) | (g/t) | (g/t) | (%) | (%) | (g/t) | ||
NP-21-81 | 130.5 | 132.2 | 1.7 | 1.27 | 6.47 | 158.1 | 0.55 | 2.21 | 816.3 | Hanging Wall |
And | 137.3 | 139.15 | 1.85 | 1.29 | 1.24 | 99.5 | 0.45 | 0.79 | 238 | |
NP-21-82 | 76.4 | 83.2 | 6.8 | 4.22 | 3.89 | 391.9 | 0.27 | 1.21 | 765 | |
Incl. | 77.8 | 79.3 | 1.5 | 0.93 | 8.34 | 1,210.0 | 0.47 | 3.16 | 1,998.9 | |
Incl. | 81.95 | 82.65 | 0.7 | 0.43 | 12.60 | 674.0 | 0.54 | 2.75 | 1,884.7 | |
NP-21-84 | 238.5 | 248.2 | 9.7 | 7.58 | 1.06 | 58.3 | 0.47 | 1.28 | 194.3 | |
Incl. | 246.0 | 246.85 | 0.85 | 0.66 | 2.89 | 235.0 | 1.26 | 3.03 | 598.4 | |
NP-21-85 | No significant values | |||||||||
NP-21-86 | No significant values | |||||||||
NP-21-87 | No significant values | |||||||||
NP-21-88 | 183.0 | 185.1 | 2.1 | 1.25 | 0.86 | 86.3 | 0.51 | 0.94 | 194.8 | |
NP-21-89 | 92.0 | 108.8 | 16.8 | 10.3 | 3.13 | 355.9 | 0.80 | 0.81 | 663.4 | |
Incl. | 94.8 | 95.15 | 0.35 | 0.21 | 1.66 | 398.0 | 20.0 | 4.49 | 1,094.7 | |
And | 100.05 | 100.5 | 0.45 | 0.28 | 21.00 | 1,070.0 | 0.43 | 4.14 | 3,069.8 | |
And | 106.75 | 107.6 | 0.85 | 0.52 | 13.95 | 3,150.0 | 0.76 | 1.33 | 4,309.9 | |
NP-21-91 | 248.4 | 250.5 | 2.1 | 1.61 | 1.10 | 109.7 | 1.29 | 2.19 | 286.0 | |
NP-21-92A | No significant values | |||||||||
NP-21-93 | 63.25 | 64.9 | 1.65 | 1.09 | 2.09 | 84.6 | 0.15 | 0.36 | 285.9 | |
NP-21-95 | 56.1 | 60.5 | 4.4 | 1.67 | 1.17 | 131.7 | 0.12 | 0.25 | 241.5 | |
NP-21-96 | 260.8 | 262.5 | 1.7 | 1.51 | 1.11 | 34.8 | 0.35 | 0.66 | 159.7 | |
NP-21-97 | No significant values | |||||||||
NP-21-98 | 105.6 | 110.85 | 5.25 | 4.13 | 0.41 | 78.1 | 0.16 | 0.40 | 124.8 | |
NP-21-99 | 247.35 | 259.8 | 12.45 | 6.15 | 5.14 | 87.3 | 0.38 | 1.37 | 601.6 | |
Incl. | 249.75 | 251.0 | 1.25 | 0.62 | 31.7 | 113.0 | 0.44 | 1.86 | 3,1115.9 | |
NP-21-100 | No significant values | |||||||||
NP-21-101 | No significant values | |||||||||
NP-21-102 | 319.1 | 328.85 | 9.75 | 3.93 | 1.93 | 41.0 | 0.80 | 3.10 | 308.9 | |
Incl. | 320.65 | 321.55 | 0.9 | 0.36 | 7.53 | 113.0 | 5.46 | 21.5 | 1,431.3 | |
NP-21-103 | No significant values | |||||||||
NP-21-104 | 209.2 | 213.4 | 4.2 | 3.45 | 25.97 | 1,274.6 | 0.75 | 3.00 | 3,707.2 | |
Incl. | 209.2 | 213.4 | 2.0 | 1.64 | 49.26 | 2,374.3 | 0.86 | 3.50 | 6,926.5 | |
Incl. | 210.3 | 211.0 | 0.8 | 0.66 | 88.20 | 5,410.0 | 1.02 | 1.95 | 13,379.6 | |
NP-21-105 | 71.65 | 74.6 | 2.95 | 1.61 | 2.16 | 354.1 | 0.39 | 2.35 | 565.8 | |
NP-21-106 | Assays pending | |||||||||
NP-21-107 | Assays pending | |||||||||
NP-21-108 | 123.8 | 125.9 | 2.1 | 0.63 | 0.69 | 65.1 | 1.32 | 2.35 | 209.9 |
Table 1: Drill intersections from the holes completed at the Napoleon Vein. |
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 Depth |
Napoleon | NP-21-81 | 403,413 | 2,587,795 | 516 | -47 | 276 | 170 |
NP-21-82 | 403,407 | 2,587,211 | 478 | -51 | 279 | 156 | |
NP-21-84 | 403,481 | 2,587,260 | 444 | -55 | 269 | 277 | |
NP-21-85 | 403,407 | 2,587,211 | 478 | -70 | 277 | 220 | |
NP-21-86 | 403,413 | 2,587,795 | 516 | -58 | 276 | 215 | |
NP-21-87 | 403,481 | 2,587,261 | 444 | -61 | 269 | 346 | |
NP-21-88 | 403,438 | 2,587,740 | 526 | -51 | 278 | 224 | |
NP-21-89 | 403,422 | 2,587,167 | 469 | -54 | 272 | 152 | |
NP-21-91 | 403,507 | 2,587,224 | 444 | -50 | 269 | 300 | |
NP-21-92A | 403,438 | 2,587,740 | 526 | -61 | 271 | 328 | |
NP-21-93 | 403,378 | 2,587,272 | 487 | -62 | 254 | 101 | |
NP-21-95 | 403,346 | 2,587,374 | 505 | -76 | 255 | 126 | |
NP-21-96 | 403,507 | 2,587,224 | 444 | -56 | 269 | 317 | |
NP-21-97 | 403,574 | 2,587,590 | 489 | -47 | 269 | 408 | |
NP-21-98 | 403,397 | 2,587,744 | 542 | -43 | 263 | 152 | |
NP-21-100 | 403,507 | 2,587,224 | 444 | -63 | 274 | 360 | |
NP-21-101 | 403,379 | 2,587,785 | 526 | -47 | 269 | 138 | |
NP-21-102 | 403,503 | 2,587,975 | 426 | -69 | 259 | 363 | |
NP-21-103 | 403,574 | 2,587,590 | 489 | -51 | 268 | 463 | |
NP-21-104 | 403,504 | 2,587,179 | 448 | -45 | 274 | 247 | |
NP-21-105 | 403,356 | 2,587,690 | 517 | -59 | 268 | 100 | |
NP-21-106 | 403,484 | 2,587,971 | 433 | -41 | 260 | 204 | |
NP-21-107 | 403,505 | 2,587,179 | 448 | -55 | 274 | 290 | |
NP-21-108 | 403,356 | 2,587,690 | 517 | -73 | 268 | 181 |
Table 2: Drill hole details. Coordinates in WGS84, Zone 13. |
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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