Vizsla Silver Corp. [VZLA-TSXV; VIZSF-OTCQB; 0G3-FSE] reported results from 13 new drill holes targeting the Cruz Negra Vein located in the western portion of the district and announces the acquisition of two new claims within the Napoleon area at its 100%-owned, flagship Panuco silver-gold project located in Mexico.
The results are exclusively from the Cruz Negra Vein located 250 metres west of the Napoleon resource area. The newly acquired claims connect the northwest and southeast extents of Cruz Negra which are situated on pre-existing Vizsla claims and represent approximately 400 metres of new potentially mineralized vein strike to explore.
Highlights include drill hole NP-22-274 that returned 541 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).
“Our ongoing mapping and sampling efforts in the western area of the district have highlighted several new drill ready targets including Cruz Negra,” commented Michael Konnert, President and CEO. “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.”
The Cruz Negra Vein, located 250 metres west of the Napoleon resource area, is a northwest striking vein-breccia dipping steeply to the northeast. The vein breccia consists of quartz veining and quartz cement bearing disseminated sphalerite and galena. Drilling to date has tested Cruz Negra along ~400 metres of strike and 300 metres to depth in proximity to the Josephine Vein. Additionally, hole NP-22-293 tested the potential northwest extension, returning 535 g/t AgEq over 0.76 mTW, indicating the mineralization extends for another 500 metres largely across the newly acquired claims. The drilling also shows potential for vein splays or cymoid loops carry significant silver and gold grades.
Mineralized intercepts at Cruz Negra, highlight a range of estimated true widths from 0.65-3.10 metres with grades ranging from 265 to 3,499 g/t AgEq, at the mineralized elevation. Mineralization is observed to be open at depth and to the northwest where Vizsla plans to complete detailed mapping and reinitiate drilling on the vein in the short term to explore the 500 metre gap between the open-ended intercepts
In line with Vizsla’s organic-growth strategy, the company successfully negotiated the acquisition of two claims, submitted and pending record in the mining office, with total surface of 14.75 Ha which cover most of the 500 m gap between the open-ended intercepts.
The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlan. The 6,761-hectare, past-producing district benefits from over 86 km of total vein extent, 35 km of underground mines, roads, power, and permits.
The Panuco Project hosts an estimated in-situ indicated mineral resource of 61.1 Moz AgEq and an in-situ inferred resource of 45.6 Moz AgEq.
To date, Vizsla has completed over 210,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2022, Vizsla has budgeted +120,000 metres of resource/discovery-based drilling designed to upgrade and expand the maiden resource, as well as test other high priority targets across the district.