Vancouver, British Columbia (August 5th, 2020) – Vizsla Resources Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to announce additional drilling results from the Napoleon Vein Corridor (“Napoleon”) at the Panuco silver-gold project (“Panuco”) in Mexico. A total of sixteen holes have been completed to date at Napoleon with results from three new holes reported in this release. The high-grade intersection is from the deepest hole drilled to date (over 100m below the very high grades intersected in NP-20-07). Importantly, the mineralization remains open at depth, to the north and to the south.
Drilling Highlights
NP-20-08
•737 g/t silver equivalent (494.9 grams per tonne (“g/t”) silver, 2.52 g/t gold, 0.51% lead and 1.10 % zinc) over 4.5 metres (“m”) from 173.5 m including;
•1,541 g/t silver equivalent (1,039 g/t silver, 5.22 g/t gold, 1.04% lead and 2.32 % zinc) over 2.0m from 175.0 m.
NP-20-09
•261 g/t silver equivalent (141.4 g/t silver, 1.05 g/t gold, 0.48% lead and 0.83% zinc) over 22.6 m from 68.0 m including;
?1,228 g/t silver equivalent (619.0 g/t silver, 5.54 g/t gold, 2.55% lead and 3.05% zinc) over 1.0m from 68.0 m.
Note: All numbers are rounded and widths represent downhole lengths. True widths are estimated at between 22-54% of downhole lengths. 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 $17.50 g/t silver, $1,700 g/t gold, $0.75 pound lead and $0.85 pound zinc, recoveries assumptions are 96% gold, 94% silver, 78% lead and 70% zinc based on similar deposit types.
Vizsla President and CEO, Michael Konnert, commented: “The Napoleon discovery is continuing to grow with hole NP-20-08, significantly extending high grade mineralization to depth. These results have returned both high grades and broad intervals. With the recently closed C$30M bought deal financing, the Company is well positioned to continue with the four drill rigs for the rest of 2020. We are excited to continue expanding the Napoleon discovery and to test our targets to demonstrate the “district scale”, high grade potential of Panuco.”
The Napoleon Vein Corridor is located almost entirely on concessions optioned from Rio Panuco. That option provides Vizsla the right to purchase 100% of their assets, including the 500 tonne per day El Coco mill, a tailings facility, roads, power and various permits for a total of US$23M.
Table 1: Downhole drill intersections from the holes completed at Napoleon.
Note: All numbers are rounded and widths represent downhole lengths. True widths are estimated at between 22-54% of downhole lengths. 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 $17.50 g/t silver, $1,700 g/t gold, $0.75 pound lead and $0.85 pound zinc, recoveries assumptions are 96% gold, 94% silver, 78% lead and 70% zinc based on similar deposit types. The Company is disclosing results on a silver equivalent basis due to the overall silver dominant nature of mineralization at the Panuco project.
see & read more about figures on
https://www.vizslaresources.com/news/vizsla-drills-1541-gt-silver-equiv-over-2-metres-and-261-gt-silver-equiv-over-226-metres-at-panuco-mexico |
