Viszla Silver (TSXV:VZLA) has reported new results from 19 new drill holes at the Tajitos – Copala resource area at the Panuco silver-gold project in Mexico. The company’s intercepts are a part of the ongoing 2022 infill-expansionary drill program at the Copala and Cristiano structures in the western section of the district. 

Infill results now support grade continuity in the south-central portion of the Copala structure. Continued resource expansion drilling to the north and southeast highlights that mineralization remains open. 

Michael Konnert, President and CEO commented in a press release: “The Copala structure continues to impress with high precious metals grades over very broad width. Infill drilling within the Tajitos-Copala resource area continues to highlight exceptional mineral continuity marked by multiple intervals grading well over 1,000 grams per tonne, while expansionary drilling to the north and southeast demonstrate a growing high-grade footprint. Additionally, at Cristiano, drilling has now traced mineralization over 600 metres long by 300 metres deep. We note that Cristiano was not included in the maiden resource, however, given its near surface, high-grade continuity, we expect it will contribute materially to the pending resource update. We have had a phenomenal year of exploration success at Panuco and have expanded mineralization well beyond the March 2022 resource boundary at virtually every zone. Given the amount of new high grade drill results, inclusion of new mineralized structures, and the fast-approaching holiday season, we have elected to publish the resource update in early 2023. We are extremely pleased with the outcome of our 2022 programs and look forward to another outstanding year as we continue to grow and de-risk the Panuco Project in 2023.”

Figure 1: Plan map of recent drilling centered on the Copala structure. Source: Vizsla Silver Corp.

Highlights from the results are as follows:

 

Highlights

  • CS-22-205 returned 2,640 grams per tonne (g/t) silver equivalent (AgEq) over 5.30 metres true width (mTW) (2,101 g/t silver and 9.54 g/t gold)
    • Including 4,563 g/t AgEq over 0.58 mTW (3,080 g/t silver and 23.60 g/t gold)
  • CS-22-210 returned 561 g/t AgEq over 15.50 mTW (425 g/t silver and 2.31 g/t gold)
    • And 2,044 g/t AgEq over 1.01 mTW (1,630 g/t silver and 7.34 g/t gold)
  • CS-22-216 returned 905 g/t AgEq over 8.09 mTW (626 g/t silver and 4.48 g/t gold)
  • CS-22-201 returned 3,340 g/t AgEq over 1.86 mTW (2,536 g/t silver and 13.65 g/t gold)
  • CS-22-217 returned 1,862 g/t AgEq over 2.71 mTW (1,495 g/t silver and 6.56 g/t gold)

The Copala Structure is located in the western portion of the Panuco district at the northern extent of the Tajitos structure. Copala hosts high precious metals grades (up to 11,053 g/t silver and 33.50 g/t gold over 1.26 mTW) contained within a broader envelope of vein-breccia interlayered with host rock, up to 82 metres thick. Ongoing interpretations by Vizsla’s geologists suggest Copala has an average dip of ~46° to the east (~35° in its northern sector and steepening to ~52° in the southern sector).

Drilling at Copala has now traced mineralization along approximately 1,000 metres of strike length and approximately 400 metres down dip. High-grade silver-gold mineralization remains open to the north and southeast with ongoing detailed structural and geologic interpretations indicating the potential for mineralization to continue into the footwall side of the Tajitos Vein. The ongoing infill-drilling program, which consists of 25 holes drilled at 25 metre centers, was designed to assess grade continuity and to provide sample material for future metallurgical tests. To date, infill-holes CS-22-201, CS-22-205, CS-22-214, CS-22-216 and CS-22-218 have confirmed high-grade at tighter spacing. Additionally, step-out holes drilled to the east, particularly holes CS-22-202, CS-22-207 and CS-22-219, suggest an uplifted block of basement metasediments in fault-contact with andesites and diorite (see figures 2 and 4). Vizsla´s team is working on interpretations to determine the amount of displacement by the fault, to define a target elevation for Copala type mineralization on the footwall side (east) of the fault; i.e. an uplifted block on the east creates potential for Copala type mineralization at shallower elevation. Vizsla plans to test this hypothesis with drill-holes collared on the footwall side of the fault.

The Cristiano Vein is a precious metals rich structure located at the southwestern margin of the Copala structure. Cristiano is marked by a quartz-carbonate epithermal-vein striking N25°W that dips sub-vertical (85°) to the NE. Drill-holes intersecting Cristiano to date, highlight a high-grade zone plunging to the NW, with vertical extent of 300 metres and approximate strike length of 600 metres. The Cristiano Vein ranges in thickness from 0.7 mTW to 3.5 mTW, with a weighted average grade of 542 g/t silver equivalent.

The Cristiano Vein was initially discovered while targeting the Tajitos-Copala veins, where drilling intercepted the well-mineralized, NW-SE trending fault. Ongoing drilling has now led to new observations and interpretations allowing Vizsla geologists to plan drill holes specifically designed to explore Cristiano along strike and to depth. To the northwest, Cristiano intersects and offsets the Tajitos Vein, suggesting Cristiano post-dates Tajitos mineralization, thus creating a drill target on the footwall of Tajitos (Figure 3). Additionally, open ended intercepts to the southeast suggest mineralization continues in this direction.

Source: Vizsla Silver

Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree dip of Copala. Source: Vizsla Silver Corp.
Figure 3: Inclined longitudinal section for Cristiano vein with drillhole pierce points. Source: Vizsla Silver Corp.
Figure 4: Cross section showing Copala, Cristiano and Tajitos veins. Source: Vizsla Silver Corp.

 

Drillhole From To Downhole Length Estimated True width Ag Au AgEq Vein    
   
(m) (m) (m) (m) (g/t) (g/t) (g/t)    
CS-22-201 212.25 214.80 2.55 2.18 237 1.74 346 Copala    
Includes 212.25 213.55 1.30 1.11 427 3.22 629      
CS-22-201 392.15 396.00 3.85 1.86 2,536 13.65 3,340 Cristiano    
Includes 392.90 393.30 0.40 0.19 7,740 57.60 11,343      
Includes 393.70 394.60 0.90 0.43 6,220 27.20 7,742      
CS-22-202 No significant values Copala    
CS-22-203 No significant values Copala    
CS-22-204 132.00 158.70 26.70 20.46 175 0.99 234 Copala    
Includes 147.25 148.50 1.25 0.96 569 2.92 739      
Includes 153.30 154.30 1.00 0.77 454 2.43 597      
Includes 156.50 157.50 1.00 0.77 673 3.42 872      
Includes 157.50 158.70 1.20 0.92 575 4.08 828      
CS-22-205 283.00 288.50 5.50 5.30 2,101 9.54 2,640 Copala    
Includes 284.60 285.20 0.60 0.58 3,080 23.60 4,563      
CS-22-205 553.00 553.30 0.30 0.16 85 0.24 96 Cristiano    
CS-22-206 181.10 185.80 4.70 3.11 168 0.90 221 Copala    
CS-22-207 No significant values Copala    
CS-22-208 No significant values Copala    
CS-22-208 484.00 485.50 1.50 1.12 347 0.38 350 FW Splay    
Includes 485.05 485.50 0.45 0.34 873 0.99 883      
CS-22-209 148.00 166.05 18.05 10.00 74 0.56 109 Copala    
Includes 163.45 164.20 0.75 0.42 639 5.22 970      
CS-22-210 117.75 140.70 22.95 15.50 425 2.31 561 Copala    
Includes 120.30 120.90 0.60 0.41 2,710 22.30 4,125      
Includes 130.60 131.40 0.80 0.54 1,285 7.24 1,716      
Includes 131.40 132.00 0.60 0.41 1,800 9.69 2,371      
Includes 132.55 134.05 1.50 1.01 1,630 7.34 2,044      
CS-22-211 No significant values Copala    
CS-22-211 240.00 241.85 1.85 0.55 154 2.24 304 Cristiano    
CS-22-211 283.25 284.50 1.25 1.25 1,103 3.76 1,296 Tajitos    
CS-22-212 No significant values Copala    
CS-22-213 545.10 548.60 3.50 3.20 294 1.19 358 Copala    
Includes 546.50 547.95 1.45 1.33 308 2.08 436      
CS-22-214 114.00 121.05 7.05 3.90 593 4.07 845 Copala    
Includes 115.50 116.80 1.30 0.72 2,020 13.50 2,850      
Includes 116.80 117.50 0.70 0.39 681 4.22 937      
CS-22-215 112.50 115.50 3.00 2.35 216 0.66 248 Copala    
Includes 114.00 115.50 1.50 1.18 335 1.03 385      
CS-22-216 181.00 194.50 13.50 8.09 626 4.48 905 Copala    
Includes 184.65 186.00 1.35 0.81 1,250 14.00 2,170      
Includes 186.00 186.95 0.95 0.57 2,230 18.10 3,376      
Includes 186.95 188.20 1.25 0.75 1,170 7.54 1,631      
CS-22-217 No significant values Copala    
CS-22-217 325.50 330.35 4.85 2.71 1,495 6.56 1,862 Cristiano    
Includes 327.60 328.75 1.15 0.64 1,295 4.59 1,535      
Includes 328.75 329.10 0.35 0.20 13,118 63.70 16,783      
CS-22-218 209.60 215.30 5.70 4.88 197 1.86 317 Copala    
Includes 211.50 213.00 1.50 1.28 283 3.19 493      
Includes 213.00 214.15 1.15 0.98 280 2.58 446      
CS-22-219 No intercepted      

Table 1: Downhole drill intersections from the holes reported for the new splay vein at the foot wall of Copala.  Note: AgEq = Ag g/t x Ag rec. + (Au g/t x Au Rec x Au price/gram)/Ag price/gram. Metal price assumptions are $20.70/oz silver and $1,655/oz gold and metallurgical recoveries assumed are 93% for silver and 90% for gold. Gold and silver metallurgical recoveries used in this release are from metallurgical test results of the Napoleon vein (see press release dated February 17, 2022).

Drillhole Easting Northing Elevation Azimuth Dip Depth
CS-22-201 404,724 2,586,986 595 257 -57.7 462.0
CS-22-202 405,087 2,586,905 646 282 -63.6 634.5
CS-22-203 404,896 2,586,778 666 302 -75.0 556.5
CS-22-204 404,539 2,587,280 553 304 -30.8 250.2
CS-22-205 404,840 2,587,003 590 260 -50.0 596.5
CS-22-206 404,541 2,587,280 552 347 -35.0 237.0
CS-22-207 405,087 2,586,905 646 286 -68.2 628.0
CS-22-208 404,896 2,586,778 666 299 -67.9 505.5
CS-22-209 404,541 2,587,280 553 5 -43.3 257.0
CS-22-210 404,482 2,587,238 553 323 -30.0 451.0
CS-22-211 404,643 2,587,058 557 277 -39.5 349.5
CS-22-212 405,087 2,586,905 646 263 -64.9 658.5
CS-22-213 405,084 2,586,574 700 295 -58.8 637.5
CS-22-214 404,632 2,586,883 568 91 -89.1 208.5
CS-22-215 404,482 2,587,237 553 298 -30.0 300.0
CS-22-216 404,681 2,586,877 582 271 -87.0 234.0
CS-22-217 404,643 2,587,058 557 260 -54.0 452.0
CS-22-218 404,701 2,586,892 595 271 -84.6 270.0
CS-22-219 405,087 2,586,905 565 262 -71.4 681.0

Table 2: Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Vizsla Silver (TSXV:VZLA) has announced new results from 13 new drill holes targeting the Cruz Negra Vein in the western portion of the district. The company has reported it has expanded mineralization of West Napolean, and has added new claims at the same time at the 100%-owned Panuco silver-gold project in Mexico.

The results are based on the Cruz Negra Vein, which is 250 meters west of the Napoleon mining area. The northwest and southeast extensions of Cruz Negra, which are currently located on pre-existing Vizsla claims and cover approximately 400 meters of new potentially mineralized vein strike to explore, were added to the claim portfolio.

Figure 1: Plan map of recent drilling centered on the Cruz Negra Vein, highlighting newly acquired claims in green. Source: Vizsla Silver Corp.

The Vein of the Cruz Negra, 250 meters west of the Napoleon deposit, is an intensely dipping northwest striking vein-breccia. The quartz veining and disseminated sphalerite and galena in the vein breccia are caused by quartz cement bearing disseminated sphalerite and galena. Drilling to date has tested Cruz Negra at a depth of approximately 400 meters from the Josephine Vein.

Furthermore, hole NP-22-293 studied the possible northwest extension and yielded 535 g/t AgEq over 0.76 mTW, revealing that the mineralization extends for another 500 metres on the newly acquired claims. The drilling also displayed potential vein splays or cymoid loops that could significantly impact silver and gold grades.

At Cruz Negra, mineralized intercepts have estimated true widths ranging from 0.65 to 3.10 metres, with grades ranging from 265 to 3,499 g/t AgEq. Mineralization is open at depth and northwest of the current drilling area, where Vizsla plans to complete detailed mapping and start drilling again in the near future to explore the 500 metre gap between known areas of mineralization.

Vizsla’s organic growth plan was implemented in the acquisition of two claims, with a combined surface area of 14.75 hectares that filled most of the 500 m gap between the open-ended intercepts.

Michael Konnert, President and CEO of Vizsla, commented in a press release: “Our ongoing mapping and sampling efforts in the western area of the district have highlighted several new drill ready targets including Cruz Negra. Initial drill results demonstrate mineralized continuity over approximately 400 metres long with large step outs to the northwest, suggesting the vein continues for at least another 500 metres. Our exploration team has done a phenomenal job this year identifying and expanding new mineralized structures directly outboard of the March 2022 resource areas. As of early September, we have achieved data cut-off for inclusion in the updated resource, slated for mid-December, and anticipate a material increase to contained precious metals.”

Figure 2: Longitudinal section for Cruz Negra vein showing drillhole pierce points. NP-22-287 and NP-22-293 intercepts are over 500 m NW from the NW edge of this section. Source: Vizsla Silver Corp.

Highlights from the results are as follows:

  • NP-22-274 returned 541 grams per tonne (g/t) silver equivalent (AgEq) over 2.09 metres true width (mTW) (413 g/t silver, 1.99 g/t gold, 0.16% Pb and 0.27% Zn)
  • And 357 g/t AgEq over 0.88 mTW (258 g/t silver, 1.54 g/t gold, 0.01% Pb and 0.17% Zn)
  • NP-22-262 returned 1,476 g/t AgEq over 0.65 mTW (168 g/t silver, 16.42 g/t gold, 0.86% Pb and 3.26% Zn)
  • NP-22-290 returned 491 g/t AgEq over 2.85 mTW (76 g/t silver, 2.60 g/t gold, 0.57% Pb and 6.19% Zn)
  • NP-22-293 returned 535 g/t AgEq over 0.76 mTW (481 g/t silver, 1.20 g/t gold, 0.02% Zn and 0.02% Pb)
  • NP-22-298 returned 456 g/t AgEq over 1.60 mTW (297 g/t silver, 1.78 g/t gold, 0.31% Pb and 1.23% Zn)

Drillhole

From

To

Downhole
Length

Estimated
True width

Ag

Au

Pb

Zn

AgEq

Vein

(m)

(m)

(m)

(m)

(g/t)

(g/t)

%

%

(g/t)

NP-22-257

100.50

102.00

1.50

1.00

142

1.14

0.43

3.73

357

Cruz Negra

Includes

101.40

102.00

0.60

0.40

316

2.72

0.53

6.50

734

NP-22-262

191.60

193.35

1.75

0.65

289

2.38

0.77

0.70

486

HW vein

Includes

191.60

192.15

0.55

0.20

741

5.88

0.33

1.26

1,165

NP-22-262

253.25

255.00

1.75

0.65

168

16.42

0.86

3.26

1,476

Cruz Negra

Includes

253.25

254.50

1.25

0.46

181

19.70

1.06

3.78

1,748

NP-22-266

No significant values

NP-22-267

No significant values

NP-22-274

166.05

168.90

2.85

2.09

413

1.99

0.16

0.27

541

HW vein

Includes

168.55

168.90

0.35

0.26

2,490

12.85

0.61

0.87

3,287

NP-22-274

193.30

194.50

1.20

0.88

258

1.54

0.01

0.17

357

Cruz Negra

NP-22-279

172.20

174.35

2.15

1.53

72

0.56

0.07

0.34

121

Cruz Negra

NP-22-280

205.55

207.40

1.85

1.00

187

1.40

0.15

0.39

292

Cruz Negra

NP-22-280

224.15

226.70

2.55

1.38

91

0.73

0.22

0.64

137

FW vein

NP-22-285

272.15

274.50

2.35

0.75

40

1.21

0.01

1.81

189

Cruz Negra

NP-22-287*

274.30

274.80

0.50

0.40

402

1.82

0.10

0.21

505

FW vein

NP-22-290

356.00

360.05

4.05

2.85

76

2.60

0.57

6.19

491

Cruz Negra

NP-22-293*

12.10

13.30

1.20

0.76

481

1.20

0.02

0.02

535

NP-22-294

378.85

379.85

1.00

0.70

66

0.43

1.27

3.91

265

Cruz Negra

NP-22-298

380.50

383.05

2.55

1.60

297

1.78

0.31

1.23

456

Cruz Negra

Table 1:

Downhole drill intersections from the holes reported Cruz Negra vein on the Napoleon area.  Note: AgEq = Ag ppm x Ag rec. + (((Au ppm x Au rec. x Au price/gram) + (Pb% x Pb rec. x Pb price/t) + (Zn% x Zn rec. x Zn price/t))/Ag price/gram). Metal price assumptions are $20.70/oz silver, $1,655/oz gold, $1,902/t lead and$2,505/t zinc. Metallurgical recoveries applied in the calculation (93% for silver, 90% for gold, 94% for lead and 94 % for zinc), were determined for the Napoleon vein (see press release dated February 17, 2022). NP-22-287* and NP-22-293* were drilled over 500 m NW from Cruz Negra vein intercepts.

Drillhole

Easting

Northing

Elevation

Azimuth

Dip

Depth

NP-22-257

403,165

2,587,117

526

237.0

-59.0

192

NP-22-262

403,165

2,587,117

526

304.0

-60.0

414

NP-22-266

403,171

2,587,335

534

233.0

-53.2

411

NP-22-267

403,171

2,587,335

534

229.0

-44.7

354

NP-22-274

403,112

2,587,278

575

230.0

-53.2

315

NP-22-279

403,112

2,587,279

575

258.0

-52.3

342

NP-22-280

403,112

2,587,279

575

259.0

-61.3

423

NP-22-285

403,112

2,587,279

575

263.0

-67.9

423

NP-22-287

402,772

2,587,806

465

248.0

-45.0

340

NP-22-290

403,171

2,587,335

534

250.0

-59.2

417

NP-22-293

402,772

2,587,806

465

249.0

-53.3

380

NP-22-294

403,167

2,587,335

541

251.0

-65.6

480

NP-22-298

403,268

2,587,318

511

250.0

-45.5

465

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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