Vizsla Silver (TSXV:VZLA) Reports New Results, Expanding Mineralization And Acquires New Claims at Panuco Silver-Gold Project

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.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

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