Vizsla Silver (TSXV:VZLA) Reports New Results at Copala, Expanding 50 Metres To The South, Intercepting 1,591 g/t AgEq Over 5.89 Metres

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

Vizsla Silver (TSXV: VZLA) has unveiled new drilling results from 16 extension holes at the Copala resource area within the company’s flagship Panuco silver-gold project in Mexico. The latest findings demonstrate a 150-meter lateral expansion of the Copala mineralized footprint to the southeast. The Copala structure, primarily composed of precious metals, is situated in the western part of the Panuco district, about 800 meters east of the Napoleon structure. Current indicated resources at Copala include 51.1 Moz AgEq at 516 g/t AgEq, with inferred resources of 55.4 Moz AgEq at 617 g/t AgEq, hosted in a broad envelope of vein-breccia and host rock up to 82 meters thick.

Michael Konnert, President & CEO, commented in a press release: “Step-out drilling along the southern extent of Copala continues to deliver high-grades over broad widths, beyond the January 2023 resource wireframes. Today’s results extend the Copala mineralized footprint by ~150m to the south of previously reported drilling and represents a potential shoot of new mineralization with a vertical profile of ~280m. We currently have four drill rigs targeting Copala, three focused on expanding the current resource base on the south and one exploration rig testing the lateral potential, to the north. With numerous open-ended intercepts containing very high silver and gold grades over large intervals up to 82m thick, the Copala structure remains a primary focus for both resource expansion and exploration ahead of the next resource update planned for the fourth quarter of 2023.”

Vizsla geologists have identified an average dip of approximately 46° to the east in the Copala structure, which varies from 35° in the northern sector to 52° in the southern sector. With ongoing drilling, mineralization has now been tracked along roughly 1,250 meters of strike length and 400 meters down dip. High-grade silver-gold mineralization remains open to the southeast and north. The recently completed resource expansion drilling, consisting of 16 holes spaced at around 100-meter intervals in Copala’s southern extent, revealed that the structure extends southeast beyond the January 2023 resource and has the potential to host additional high-grade shoots down dip. Holes CS-23-265, -270, -254, -273, and -269 all intersected precious metal-rich mineralization with grades exceeding 1,000 g/t m over a vertical distance of around 280 meters.

Vizsla has completed approximately 35,000 meters of its fully funded 90,000-meter 2023 drilling program. The Panuco silver-gold project, a recently consolidated high-grade discovery located in southern Sinaloa, Mexico, near Mazatlán, spans 7,189.5 hectares. The past-producing district boasts over 86 kilometers of total vein extent, 35 kilometers of underground mines, roads, power, and permits. The Panuco Project is home to an estimated in-situ indicated mineral resource of 104.8 Moz AgEq and an in-situ inferred resource of 114.1 Moz AgEq. An updated NI 43-101 technical report, titled “Technical Report on the Mineral Resource Estimate Update for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico,” was filed on SEDAR on March 10, 2023, with an effective date of January 19, 2023.

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.

Highlights from the results are as follows:

 

  • CS-23-265 returned 1,591 grams per tonne (g/t) silver equivalent (AgEq) over 5.89 metres true width (mTW) (1,403 g/t silver and 4.24 g/t gold)
    • Including 4,842 g/t AgEq over 1.62 mTW (4,245 g/t silver and 13.24 g/t gold)
  • And 396 g/t AgEq over 4.90 mTW (345 g/t silver and 1.12 g/t gold)
    • Including 1,005 g/t AgEq over 1.24 mTW (923 g/t silver and 2.17 g/t gold)
  • CS-23-254 returned 2,743 g/t AgEq over 2.14 mTW (1,319 g/t silver and 22.46 g/t gold)
    • Including 5,222 g/t AgEq over 1.03 mTW (2,320 g/t silver and 45.40 g/t gold)
  • CS-23-269 returned 1,080 g/t AgEq over 1.45 mTW (789 g/t silver and 5.13 g/t gold) hosted within a broader interval grading 512 g/t AgEq over 3.35 mTW

Table 1: Downhole drill intersections from the holes reported for Copala structure and Cristiano vein.

Drillhole

From

To

Downhole
Length

Estimated
True width

Ag

Au

AgEq

Vein

(m)

(m)

(m)

(m)

(g/t)

(g/t)

(g/t)

CS-23-254

520.00

527.75

7.75

5.72

128

0.82

175

 HW splay

CS-23-254

535.40

538.30

2.90

2.14

1,319

22.46

2,743

 Copala

Includes

535.40

536.80

1.40

1.03

2,320

45.40

5,222

CS-23-254

No significant assays

 Cristiano

CS-23-258

No significant assays

 Copala

CS-23-259

No significant assays

 Copala

CS-23-259

215.90

216.30

0.40

0.38

321

1.31

387

 Cristiano

CS-23-260

No significant assays

 Copala

CS-23-261

No significant assays

 Copala

CS-23-261

366.95

367.50

0.55

0.35

256

1.27

323

 Cristiano

CS-23-263

No significant assays

 Copala

CS-23-264

No significant assays

 Copala

CS-23-265

380.60

388.95

8.35

5.89

1,403

4.24

1,591

 Copala

Includes

386.65

388.95

2.30

1.62

4,245

13.24

4,842

CS-23-265

402.00

407.95

5.95

4.90

345

1.12

396

 Cristiano

Includes

403.50

405.00

1.50

1.24

923

2.17

1,005

CS-23-267

345.00

346.50

1.50

1.15

93

0.61

127

 Copala

CS-23-267

438.70

440.80

2.10

1.68

652

2.96

806

 Cristiano

Includes

438.70

440.00

1.30

1.04

916

4.31

1,143

CS-23-268

No significant assays

 Copala

CS-23-268

429.35

430.50

1.15

1.05

171

0.89

219

 Cristiano

CS-23-269

512.45

515.80

3.35

3.35

376

2.41

512

 Copala

Includes

512.45

513.90

1.45

1.45

789

5.13

1,080

CS-23-270

439.80

448.20

8.40

7.50

289

0.82

324

 Copala

Includes

439.80

441.20

1.40

1.25

1,220

2.40

1,297

Includes

447.00

448.20

1.20

1.07

524

2.63

665

CS-23-270

475.50

476.40

0.90

0.75

284

1.11

339

 Cristiano

CS-23-273

523.50

529.85

6.35

6.00

158

1.23

230

 Copala

CS-23-274

No significant assays

 Copala

CS-23-274

No significant assays

 Cristiano

CS-23-275

No significant assays

 Copala

CS-23-275

753.65

754.50

0.85

0.65

158

0.48

179

 Cristiano

CS-23-279

No significant assays

 Copala

CS-23-279

No significant assays

 Cristiano

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 $24.00/oz silver and $1,800/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).

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

Drillhole

Easting

Northing

Elevation

Azimuth

Dip

Depth

CS-23-254

405,085

2,586,570

696

266.0

-63.0

661.5

CS-23-258

404,834

2,586,561

651

271.7

-62.7

321.0

CS-23-259

404,798

2,586,610

637

235.9

-44.0

237.0

CS-23-260

405,085

2,586,570

697

307.0

-68.0

708.0

CS-23-261

404,778

2,586,756

629

227.0

-68.0

421.5

CS-23-263

404,860

2,586,478

662

245.0

-50.0

333.0

CS-23-264

405,085

2,586,570

697

314.0

-62.0

795.0

CS-23-265

404,861

2,586,478

662

254.0

-69.0

433.5

CS-23-267

404,888

2,586,590

664

235.1

-65.3

582.0

CS-23-268

404,906

2,586,444

654

287.0

-71.5

538.5

CS-23-269

405,085

2,586,570

697

281.0

-66.8

678.0

CS-23-270

404,888

2,586,590

664

215.7

-71.0

691.5

CS-23-273

405,084

2,586,574

700

260.8

-69.7

730.5

CS-23-274

404,898

2,586,343

648

259.0

-45.0

411.0

CS-23-275

405,275

2,586,500

670

261.0

-52.0

810.0

CS-23-279

404,898

2,586,343

648

259.0

-59.0

477.0

 

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.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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