Vizsla Silver (TSXV:VZLA) Reports Results from New Drill Holes at Napoleon Vein’s Southern Extension, Intercepts 646 g/t AgEq over 10.00 Metres at Napoleon

Figure 1: Plan map of recent drilling along the Napoleon vein. Source: Vizsla Silver Corp.

Vizsla Silver Corp. (TSXV:VZLA) has reported results from 11 new drill holes at the southern extension of the Napoleon Vein, within the company’s Panuco silver-gold project located in Mexico. The recent findings are focused on the western part of the district and are part of a 90,000-metre resource infill and expansion or discovery-focused drilling initiative.

Michael Konnert, President and CEO, commented in a press release: “Infill and expansionary drilling targeting the southern extent of Napoleon continues to intersect high silver and gold grades on both the main vein and its overlapping splay structures. We have now identified several splay veins branching off the main Napoleon structure located within both the footwall and hanging wall that remain open for future expansion. Most notable is the shallow dipping Hanging Wall 4 structure which returned 646 grams per tonne silver equivalent over ten meters true width and is open down dip. We continue to view the Napoleon Area as a primary target for future resource growth and development. Of the six drill rigs currently turning on the property, infill drilling continues at Napoleon with one rig. In addition to drilling, we are pleased to announce Vizsla has achieved 1.5 million work hours without a lost time incident at Panuco. This is yet another major milestone for the Company and is a testament to the focus and dedication of every Vizsla employee and contractor working on the Project.”

The Napoleon Southern Extent has revealed enhanced comprehension of the mineralization controls along the vein corridor. The pattern of metal zonation and alteration indicates that the corridor is tilted. The southern reach of the drilling appears at the top of the mineralized horizon, close to the surface. Previously reported high-grade gold assay values near the surface were consistent with this model, according to releases dated December 16, 2021, and March 29, 2022.

The infill drilling assay results show additional high-grade silver and gold values in vein splays located at the hanging wall of the primary Napoleon structure. These vein splays are typically situated between 25 to 120 meters into the hanging wall and often include high concentrations of lead and zinc along with precious metal values. Recent drilling suggests that the shallow-dipping Hanging Wall 4 splay remains open down dip to the east. Results from the hole designated NP-23-388 have prompted further exploration to the east and depth along Hanging Wall 4. Vizsla continues to work on structural and 3D geological modelling to help design specific drilling targets for further exploration of these vein splays.

In related news, Vizsla Silver also announced a significant safety milestone at the Panuco site. The company has achieved 1.5 million work hours without any lost time incidents. The accomplishment was attributed to the dedication of the safety department, employees, and contractors in maintaining a strong safety culture and ensuring safe working conditions throughout the project’s life.

Figure 2: Longitudinal section of the Napoleon Main Vein with mineral resources along main Napoleon and the overlapping hanging wall splays. Source: Vizsla Silver Corp.

Highlights from the results are as follows: 

  • NP-23-388 returned 646 grams per tonne (g/t) silver equivalent (AgEq) over 10.00 metres true width (mTW) (217 g/t silver, 3.03 g/t gold, 1.44 % lead and 5.44 % zinc),
    • including: 3,625 g/t AgEq over 0.95 mTW (1,590 g/t silver, 25.50 g/t gold, 7.28 % lead and 5.80 % zinc),
    • and 1,323 g/t AgEq over 0.78 mTW (159 g/t silver, 0.89 g/t gold, 4.97 % lead and 26.70 % zinc)
  • NP-23-391 returned 1,568 g/t AgEq over 1.90 mTW (908 g/t silver, 7.37 g/t gold, 1.62 % lead and 4.91 % zinc),
    • including: 2,205 g/t AgEq over 0.65 mTW (1,500 g/t silver, 8.96 g/t gold, 2.05 % lead and 3.98 % zinc)
  • And 648 g/t AgEq over 3.20 mTW (559 g/t silver, 1.53 g/t gold, 0.23 % lead and 0.49 % zinc),
    • including: 1,720 g/t AgEq over 0.96 mTW (1,500 g/t silver, 3.89 g/t gold, 0.61 % lead and 1.22 % zinc)
  • NP-23-392 returned 989 g/t AgEq over 2.50 mTW (527 g/t silver, 3.78 g/t gold, 2.13 % lead and 4.98 % zinc),
    • including: 2,465 g/t AgEq over 0.69 mTW (1,500 g/t silver, 9.97 g/t gold, 5.25 % lead and 6.66 % zinc).

Drillhole

From

To

Downhole
Length

Estimated
True
width

Ag

Au

Pb

Zn

AgEq

Vein

(m)

(m)

(m)

(g/t)

(g/t)

(g/t)

%

%

(g/t)

NP-23-365A

No significant values

HW 7

NP-23-365A

No significant values

HW 2

NP-23-365A

454.65

455.15

0.5

0.45

178

8.33

0.07

0.17

736

Napoleon

NP-23-365A

No significant values

FW 1

NP-23-365A

496.5

497.5

1

0.85

290

1.71

1.05

1.56

473

FW 2

NP-23-370

346.1

346.65

0.55

0.45

597

0.72

0.02

0.04

606

HW 6

NP-23-370

No significant values

HW 2

NP-23-370

432.05

433.25

1.2

1

349

1.58

0.05

0.13

437

Napoleon

NP-23-374

303.9

306.05

2.15

1.7

90

0.95

0.02

0.03

149

HW 7

NP-23-374

No significant values

HW 2

NP-23-374

527.9

529.25

1.35

1

34

0.32

0.02

0.02

173

Napoleon

NP-23-374

No significant values

FW 2

NP-23-374

585.8

586.25

0.45

0.45

433

2.92

0.83

1.19

667

FW 3

NP-23-378

555

556

1

0.9

1,135

1.29

1.14

4.74

1,348

HW 2

NP-23-378

563.8

569

5.2

4.3

73

1.42

0.46

1.24

223

Napoleon

Includes

566.9

568

1.1

0.91

284

1.92

1.44

3.28

555

NP-23-378

575.9

577.5

1.6

1.1

1,805

16.56

0.2

0.38

2,817

FW 1

Includes

576.5

577.5

1

0.69

2,780

26.1

0.29

0.55

4,376

NP-23-378

588

588.6

0.6

0.46

184

1.48

0.6

15.9

865

FW 2

NP-23-380

317.05

322.45

5.4

4.1

111

0.64

0.01

0.01

147

HW 7

NP-23-380

554.2

555.7

1.5

1.35

551

1.08

1.29

6.23

849

HW 2

NP-23-380

581.25

581.7

0.45

0.4

346

2.21

0.8

4.29

650

Napoleon

NP-23-383

No significant values

HW 7

NP-23-383

616.15

618.1

1.95

1.27

207

2.37

4.43

14.37

1,005

HW 2

Includes

616.8

617.8

1

0.65

270

4.15

8.4

23.2

1,621

NP-23-383

636.25

637

0.75

0.7

154

1.37

1.04

4.21

419

Napoleon

NP-23-386

140.9

141.85

0.95

0.78

218

0.24

0.21

0.43

241

HW 7

NP-23-386

410.35

410.75

0.4

0.3

430

1.59

0.08

0.22

517

HW 2

NP-23-386

414.35

415.6

1.25

0.85

177

0.73

0.11

0.25

226

Napoleon

NP-23-386

536.8

537.25

0.45

0.4

444

10.3

0.46

1.11

1,162

FW 3

NP-23-388

No significant values

HW 5

NP-23-388

426.25

437.8

11.55

10

217

3.03

1.44

5.44

646

HW 4

Includes

434.8

435.9

1.1

0.95

1,590

25.5

7.28

5.8

3,625

Includes

435.9

436.8

0.9

0.78

159

0.89

4.97

26.7

1,323

NP-23-388

556.8

559

2.2

1.95

31

0.59

1.46

6.36

343

HW 2

NP-23-388

No significant values

Napoleon

NP-23-391

No significant values

HW 7

NP-23-391

420.1

424.1

4

3.2

559

1.53

0.23

0.49

648

HW 2

Includes

422.35

423.55

1.2

0.96

1,500

3.89

0.61

1.22

1,720

NP-23-391

No significant values

Napoleon

NP-23-391

483.6

484.85

1.25

1

64

0.72

0.81

0.77

160

FW 1

NP-23-391

526.15

528.2

2.05

1.9

908

7.37

1.62

4.91

1,568

FW 2

Includes

526.15

526.85

0.7

0.65

1,500

8.96

2.05

3.98

2,205

NP-23-392

408.1

410.65

2.55

2.5

527

3.78

2.13

4.98

989

HW 4

Includes

409.25

409.95

0.7

0.69

1,500

9.97

5.25

6.66

2,465

NP-23-392

450.5

451.5

1

0.95

258

1.62

1.95

15.45

967

HW 3

NP-23-392

No significant values

HW 2

NP-23-392

644.6

646.6

2

1.55

40

1.96

0.62

11.4

602

Napoleon

NP-23-393

258.15

259.2

1.05

0.8

204

3.52

1.42

6.52

706

HW 4

NP-23-393

485.35

486.35

1

0.6

65

0.38

1.34

13.85

627

HW 3

NP-23-393

No significant values

Napoleon

Table 1: Downhole drill intersections from the holes completed along the Napoleon main and vein splays. Note: AgEq = Ag g/t x Ag rec. + ((Au g/t 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 $24.00/oz silver, $1,800/oz gold, $2,424.4/t lead and $2,975.4/t zinc. Metallurgical recoveries assumed are 93% for silver, 90% for gold, 94% for lead and 94% for zinc. 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

NP-23-365A

403,888

2,586,230

434

270

-49

636.0

NP-23-370

403,891

2,586,232

434

258

-40

534.0

NP-23-374

403,967

2,586,189

467

267

-43

621.0

NP-23-378

403,967

2,586,189

467

268

-52

674.0

NP-23-380

403,967

2,586,189

467

268

-56

702.0

NP-23-383

403,967

2,586,189

467

270

-60

750.0

NP-23-386

403,856

2,586,035

450

271

-60

582.0

NP-23-388

403,849

2,586,432

477

253

-68

705.0

NP-23-391

403,854

2,586,086

449

271

-63

558.0

NP-23-392

403,849

2,586,432

477

270

-61

738.0

NP-23-393

403,683

2,586,973

480

251

-57

582.0

Table 2: Napoleon vein drillhole details. 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.
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. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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