(VZLA-TSX-V)
Highlights
NP-21-94
- 2,758 g/t silver equivalent (889.6 grams per tonne ("g/t") silver, 19.99 g/t gold, 0.71% lead and 1.76% zinc) over 4.46 metres ("m") true width from 221.9 m including;
- 12,262 g/t silver equivalent (3,803.6 g/t silver, 91.91 g/t gold, 1.50 % lead and 3.48% zinc) over 0.92 m true width from 225.1 m
NP-21-90
- 861 g/t silver equivalent (105.9 grams per tonne ("g/t") silver, 7.28 g/t gold, 0.70% lead and 2.87% zinc) over 1.92 metres ("m") true width from 192.3 m including;
- 1,089 g/t silver equivalent (130.7 g/t silver, 9.39 g/t gold, 0.76 % lead and 3.15% zinc) over 1.45 m true width from 192.3 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) + (Pb_ppm x 0.0013) + (Zn_ppm x 0.0013)) / 0.5627. Metal price assumptions are |
Vizsla President and CEO
Figure 1: Longitudinal section of the greater Napoleon Vein Corridor.
Figure 2: Longitudinal section from the main Napoleon prospect with all new holes labelled and selected intersections shown.
Figure 3: Cross section through most southerly holes at Napoleon.
Complete table of Napoleon drill hole intersections
Drillhole | From | To | Down Hole | EST. True Width | Gold | Silver | Lead | Zinc | Silver Equivalent | Comment |
(m) | (m) | (m) | (m) | (g/t) | (g/t) | (%) | (%) | (g/t) | ||
NP-21-90 | 192.3 | 194.75 | 2.45 | 1.92 | 7.28 | 105.9 | 0.70 | 2.87 | 861.0 | |
Incl. | 192.3 | 194.15 | 1.85 | 1.45 | 9.39 | 130.7 | 0.76 | 3.15 | 1,088.8 | |
NP-21-94 | 221.9 | 228.7 | 6.8 | 4.46 | 19.99 | 889.6 | 0.71 | 1.76 | 2,757.7 | |
Incl. | 225.1 | 226.5 | 1.4 | 0.92 | 91.91 | 3,803.6 | 1.50 | 3.48 | 12,261.7 |
Table 1: Downhole drill intersections from the holes completed at the south end of the
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 |
Napoleon Drilling Detail
Recent drilling extends the mineralization of the main Napoleon zone by over 300 metres to the south. Hole NP-21-94 cut the structure with a true width of 4.46 metres and a grade of 2,758 g/t silver equivalent. On the same section hole NP-21-90 returned a true width of 1.92 metres with a grade of 861 g/t silver equivalent. Holes NP-21-99 and NP-21-102 also intersected the vein on the same fan and are pending assay results.
The vein has been intersected in four holes on section (Figure 3) and two additional holes on a fan located 50 metres to the south. When combined with the vein that has been intercepted in systematic drilling between holes NP-21-90, NP-21-94 and previously reported drilling (Figure 2) , the Company believes there is very strong potential for a continuous body of mineralization over the entire 570 metre strike length. Assays remain pending for the eleven holes in the gap and drilling is ongoing in this area.
Figure 4: Plan map showing location of drill holes, mapped veins and surface sampling at the Napoleon zone on the Napoleon Vein Corridor. Labels shown for reported holes. Inset shows detail of Napoleon's drill collar locations
Drill Collar Information
Prospect | Drillhole | Easting | Northing | Elevation | Dip | Azimuth | Hole |
Napoleon | NP-21-90 | 403,503 | 2,586,975 | 426 | -51 | 259 | 255 |
NP-21-94 | 403,503 | 2,587,975 | 426 | -59 | 259 | 279 | |
NP-21-99 | 403,503 | 2,587,975 | 426 | -64 | 259 | 333 | |
NP-21-102 | 403,503 | 2,587,975 | 426 | -69 | 259 | 363 |
Table 2: Drill hole details. Coordinates in WGS84, Zone 13.
About the
Vizsla has an option to acquire 100% of the newly consolidated 9,386.5-hectare
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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