(VZLA-TSX-V)
Highlights
- Three holes completed 50 metres to the south of previous drilling average 7.44 metres true width (mTW) with a weighted average grade of 673 grams per tonne (g/t) silver equivalent
- Hole NP-21-112 returns 898 g/t silver equivalent over 8.36 mTW from 142.55 m including;
- 5,197 g/t silver equivalent over 1.34 mTW from 142.55 m
- Napoleon extended to over 950 m of continuous mineralization. Open to the south and at depth
Vizsla President and CEO,
Napoleon Drilling Details
Drilling has almost infilled the two gap zones in the mineralized area at Napoleon and is defining an over 950m long panel of mineralization that appears to be shallowly plunging to the south. Drilling at the southern end of mineralized zone has extended the vein over 100m south, to 950m of strike, and assays received to date show consistent very high grades in this area.
The mineralization in the southern half of the zone generally displays better developed epithermal textures including colloform and cockade banding and rare quartz after bladed calcite. The presence of adularia, a consistently wide vein and a higher gold to silver ratio suggest this is the core of the mineralized zone.
An additional 15 holes have been completed in this mineralized panel and assays will continue to be reported as received. The Company intends to complete the 50 metre spaced drilling down to approximately 350 metres of depth to define the plunge of mineralization and then will continue with deeper holes to define the full extent of mineralization.
Drilling remains ongoing with five rigs continuing resource drilling and three rigs undertaking exploration. Assays are pending for five new targets across four vein corridors.
Complete table of Napoleon drill hole intersections
Drillhole | From | To | Down Hole Length | EST. True Width | Gold | Silver | Lead | Zinc | Silver Equivalent | Comment |
(m) | (m) | (m) | (m) | (g/t) | (g/t) | (%) | (%) | (g/t) | ||
NP-21-106 | 142.2 | 142.9 | 0.7 | 0.61 | 1.29 | 49.2 | 0.43 | 0.75 | 193.8 | |
NP-21-107 | 237.7 | 242.35 | 4.65 | 3.73 | 2.85 | 104.9 | 0.67 | 1.44 | 410.0 | |
Incl. | 240.0 | 241.5 | 1.50 | 1.20 | 4.71 | 156.0 | 0.65 | 1.79 | 642.2 | |
NP-21-108 | Previously reported | |||||||||
NP-21-109 | No significant Values | |||||||||
NP-21-110 | 32.35 | 33.75 | 1.4 | 0.50 | 128.6 | 0.22 | 0.52 | 184.8 | HW | |
And | 128.3 | 131.7 | 3.4 | 2.62 | 5.51 | 476.2 | 1.49 | 1.06 | 1,020.3 | Main |
Incl. | 130.8 | 131.7 | 0.9 | 0.69 | 14.40 | 1,545.0 | 1.23 | 2.67 | 2,885.3 | |
NP-21-111 | 93.7 | 94.1 | 0.4 | 0.70 | 84.4 | 0.35 | 1.57 | 189.3 | ||
And | 122.75 | 126.3 | 3.55 | 2.71 | 0.20 | 22.0 | 0.06 | 0.51 | 52.6 | |
NP-21-112 | 142.55 | 155.05 | 12.5 | 8.36 | 5.58 | 372.3 | 0.24 | 0.94 | 897.8 | |
Incl. | 142.55 | 146 | 3.45 | 2.31 | 18.88 | 1,305.6 | 0.73 | 2.07 | 3,052.5 | |
Incl. | 142.55 | 144.55 | 2 | 1.34 | 31.93 | 2,243.0 | 1.23 | 3.53 | 5,196.6 | |
And | 150.25 | 155.05 | 4.8 | 3.21 | 0.94 | 29.7 | 0.10 | 0.94 | 139.3 | |
NP-21-112 | 165.3 | 171.35 | 6.05 | 3.45 | 1.81 | 42.7 | 0.27 | 1.23 | 243.2 | |
NP-21-113 | 273.15 | 274.95 | 1.8 | 1.03 | 0.54 | 53.6 | 0.34 | 3.35 | 186.2 | |
And | 291.8 | 292.25 | 0.45 | 0.26 | 0.18 | 37.5 | 0.04 | 5.12 | 171.3 | |
NP-21-114 | 259.85 | 263.7 | 3.85 | 2.94 | 2.06 | 46.7 | 0.62 | 1.76 | 291.2 | |
NP-21-115 | 99.55 | 100 | 0.45 | 2.24 | 590.0 | 0.97 | 4.99 | 901.2 | ||
And | 146.7 | 148.4 | 1.7 | 0.76 | 0.33 | 26.8 | 0.12 | 1.07 | 83.9 | |
And | 158.1 | 159.3 | 1.2 | 0.76 | 0.46 | 48.7 | 0.34 | 0.74 | 113.5 | |
NP-21-116 | 164.25 | 184.9 | 20.65 | 11.34 | 3.11 | 87.9 | 0.26 | 2.13 | 427.5 | |
Incl. | 164.75 | 165.55 | 0.8 | 0.44 | 7.04 | 118.0 | 1.76 | 2.69 | 870.2 | |
And | 169.1 | 170.4 | 1.3 | 0.71 | 12.85 | 36.0 | 0.47 | 2.17 | 1,293.3 | |
And | 178.9 | 180.5 | 1.6 | 0.88 | 9.57 | 617.7 | 0.43 | 1.21 | 1,510.9 | |
NP-21-116 | 202.55 | 213 | 10.45 | 5.24 | 4.43 | 66.8 | 1.30 | 1.13 | 531.9 | |
NP-21-117 | 205.85 | 208.5 | 2.65 | 1.00 | 0.76 | 127.3 | 0.21 | 1.25 | 224.2 | |
NP-21-118 | 150.2 | 158.65 | 8.45 | 4.87 | 3.70 | 112.4 | 0.35 | 1.52 | 494.2 | |
Incl. | 150.55 | 151.15 | 0.6 | 0.35 | 28.90 | 226.0 | 1.95 | 7.32 | 3,121.9 | |
And | 155.25 | 156 | 0.75 | 0.43 | 6.13 | 234.0 | 0.71 | 4.16 | 904.2 | |
NP-21-120 | 69.6 | 72.1 | 2.5 | 1.68 | 0.93 | 55.7 | 0.07 | 0.23 | 145.9 | |
NP-21-121 | Assays pending | |||||||||
NP-21-122 | No significant values |
Table 1: Downhole drill intersections from new holes completed at 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 |
Drill Collar Information
Prospect | Drillhole | Easting | Northing | Elevation | Dip | Azimuth | Hole Depth |
Napoleon | NP-21-106 | 403,484 | 2,586,971 | 433 | -41 | 260 | 204 |
NP-21-107 | 403,505 | 2,587,179 | 448 | -55 | 274 | 290 | |
NP-21-108 | 403,356 | 2,587,690 | 517 | -73 | 268 | 181 | |
NP-21-109 | 403,458 | 2,587,675 | 509 | -47 | 274 | 255 | |
NP-21-110 | 403,469 | 2,586,928 | 424 | -50 | 262 | 159 | |
NP-21-111 | 403,413 | 2,587,631 | 503 | -40 | 274 | 171 | |
NP-21-112 | 403,469 | 2,586,928 | 424 | -60 | 262 | 222.5 | |
NP-21-113 | 403,459 | 2,587,675 | 509 | -55 | 274 | 365 | |
NP-21-114 | 403,505 | 2,587,179 | 448 | -63 | 274 | 309 | |
NP-21-115 | 403,413 | 2,587,631 | 503 | -56 | 274 | 186.3 | |
NP-21-116 | 403,469 | 2,586,928 | 424 | -67 | 262 | 250.5 | |
NP-21-117 | 403,413 | 2,587,631 | 503 | -62 | 274 | 235 | |
NP-21-118 | 403,449 | 2,587,169 | 466 | -55 | 273 | 185 | |
NP-21-120 | 403,344 | 2,587,118 | 477 | -56 | 90 | 124.5 | |
NP-21-121 | 403,438 | 2,586,871 | 421 | -40 | 241 | 267.75 | |
NP-21-122 | 403,413 | 2,587,631 | 503 | -70 | 274 | 300 |
Table 2: Drill hole details. Coordinates in WGS84, Zone 13 |
Stock Options
The Company would like to announce that it has granted a total 4,150,000 options to directors, officers, employees and consultants at a strike price of
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
SOURCE
© Canada Newswire, source