Napeolon Vein At The Panuco Project Widens To The South
VANCOUVER - Vizsla Silver Corp. reported on additional fourteen drill holes from the Napoleon prospect at the Panuco silver-gold project in Mexico. Highlights: Three holes completed 50 meters to the south of previous drilling average 7.44 meters 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; and Napoleon extended to over 950 m of continuous mineralization. Open to the south and at depth.
President and CEO, Michael Konnert, said, "The southern end of Napoleon is proving to be consistently higher grade and wider than any part of the mineralized zone. Geological information suggests this may be the true core of the mineralization and it remains open to the south and at depth where the Company is actively drilling to further expand this large panel of mineralization. Current dimensions are 950 meters of strike by 350 meters deep and the zone forms part of the larger three-kilometer-long Napoleon Corridor that the Company is drilling. Vizsla is in the best shape since its inception and is continuing to deliver at the two areas of resource drilling, Napoleon and Tajitos, and other targets in the district including Cordon del Oro and the Animas Corridor. The Company is well-funded with over $89,000,000 in the bank and is moving to 10 drill rigs to continue to rapidly assess the growing potential of this high-grade silver-gold district."
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 meter spaced drilling down to approximately 350 meters 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.