VIZSLA SILVER REPORTS SEVERAL MULTI-KILO SILVER AND GOLD INTERCEPTS ALONG NAPOLEON VEIN SYSTEM
NYSE: VZLA TSX-V: VZLA
Highlights
- NP-24-431 returned 2,561 grams per tonne (g/t) silver equivalent (AgEq) over 2.40 metres true width (mTW) (1,551 g/t silver, 14.08 g/t gold, 0.97% lead and 3.84% zinc), including:
- 4,121 g/t AgEq over 1.24 mTW (2,460 g/t silver, 23.20 g/t gold, 1.57% lead and 6.10% zinc), and
- NAP-2023-004 returned 696 g/t AgEq over 6.50 mTW (328 g/t silver, 4.32 g/t gold, 0.79% lead and 2.11% zinc), including:
- 1,038 g/t AgEq over 3.65 mTW (505 g/t silver, 6.33 g/t gold, 2.89% lead and 0.10% zinc), and
- NP-24-429 returned 4,533 g/t AgEq over 1.30 mTW (2,390 g/t silver, 28.10 g/t gold, 2.19% lead and 9.61 % zinc), and:
- 4,525 g/t AgEq over 0.80 mTW (2,508 g/t silver, 28.04 g/t gold, 1.78% lead and 6.82% zinc).
- NP-24-435 returned 2,156 g/t AgEq over 1.40 mTW (1,429 g/t silver, 11.76 g/t gold, 0.32% lead and 0.68% zinc)
"Drilling at the Napoleon Vein and its high-grade splay structures continues to demonstrate excellent continuity," commented
Infill and step-out (expansionary) drilling completed to date has led to an improved understanding of the mineralization controls along the Napoleon vein corridor. Observations based on metal zonation and alteration continue to support the interpretation that the corridor is tilted, where the southern extent of drilling is at the top of the mineralized horizon, near surface (Figure 5). Ongoing analysis of core samples and 3D modelling of alteration minerals will further enhance our understanding of controls on mineralization and vectors.
Previously reported high-grade gold assay values near surface support the model (see press releases dated
Drillhole |
From |
To |
Downhole |
Estimated |
Ag |
Au |
Pb |
Zn |
AgEq |
Vein |
|
|
|
|
|||||||||||
(m) |
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
% |
% |
(g/t) |
|
|
||
NP-23-396 |
257.00 |
258.20 |
1.20 |
0.85 |
220 |
2.39 |
0.68 |
6.59 |
624 |
HW4 |
|
|
Includes |
257.00 |
257.60 |
0.60 |
0.42 |
304 |
3.07 |
1.04 |
5.42 |
717 |
|
|
|
NP-23-396 |
No significant values |
Napoleon |
|
|
||||||||
NAP-2023-001 |
197.25 |
199.00 |
1.75 |
1.50 |
183 |
1.68 |
0.04 |
0.04 |
286 |
HW7 |
|
|
NAP-2023-001 |
388.97 |
389.8 |
0.83 |
0.80 |
149 |
0.76 |
0.10 |
0.16 |
198 |
HW2 |
|
|
NAP-2023-001 |
No significant values |
Napoleon |
|
|
||||||||
NAP-2023-001 |
462.67 |
463.46 |
0.79 |
0.60 |
213 |
3.38 |
0.31 |
1.23 |
480 |
FW2 |
|
|
NAP-2023-001 |
496.63 |
498.58 |
1.95 |
1.95 |
544 |
4.73 |
0.51 |
3.00 |
949 |
FW3 |
|
|
NAP-2023-002 |
210.40 |
211.40 |
1.00 |
0.91 |
338 |
1.63 |
2.03 |
1.79 |
549 |
HW4 |
|
|
NAP-2023-002 |
No significant values |
Napoleon |
|
|
||||||||
NAP-2023-002 |
314.60 |
315.00 |
0.40 |
0.30 |
78 |
0.64 |
0.09 |
7.49 |
390 |
FW1 |
|
|
NAP-2023-003 |
No significant values |
HW4 |
|
|
||||||||
NAP-2023-003 |
145.32 |
146.72 |
1.40 |
0.80 |
943 |
16.57 |
0.78 |
2.73 |
2,118 |
HW3 |
|
|
Includes |
145.32 |
145.90 |
0.58 |
0.33 |
785 |
24.10 |
1.30 |
5.27 |
2,586 |
|
|
|
NAP-2023-003 |
155.78 |
157.25 |
1.47 |
1.00 |
55 |
2.74 |
0.20 |
2.07 |
317 |
Napoleon Splay |
|
|
NAP-2023-003 |
166.88 |
167.90 |
1.02 |
0.65 |
619 |
4.98 |
0.32 |
2.49 |
1,012 |
Napoleon |
|
|
NAP-2023-004 |
18.00 |
18.50 |
0.50 |
0.40 |
939 |
6.26 |
0.46 |
1.91 |
1,503 |
HW4 |
|
|
NAP-2023-004 |
108.45 |
119.35 |
10.90 |
6.50 |
328 |
4.32 |
0.79 |
2.11 |
696 |
Napoleon |
|
|
Includes |
109.12 |
115.25 |
6.13 |
3.65 |
505 |
6.33 |
2.89 |
0.10 |
1,038 |
|
|
|
NAP-2023-005 |
317.30 |
319.00 |
1.70 |
1.10 |
58 |
3.37 |
0.56 |
3.38 |
420 |
Napoleon |
|
|
NAP-2023-006 |
No significant values |
Napoleon |
|
|
||||||||
NP-23-400 |
601.40 |
604.55 |
3.15 |
2.00 |
33 |
1.31 |
0.61 |
2.78 |
239 |
Napoleon |
|
|
NP-23-402 |
No significant values |
Napoleon |
|
|
||||||||
NP-24-429 |
257.10 |
259.70 |
2.60 |
1.55 |
105 |
0.46 |
0.15 |
0.30 |
145 |
|
|
|
NP-24-429 |
433.75 |
435.10 |
1.35 |
1.30 |
2,390 |
28.10 |
2.19 |
9.61 |
4,533 |
HW4 |
|
|
NP-24-429 |
437.65 |
438.45 |
0.80 |
0.75 |
144 |
1.06 |
0.13 |
0.20 |
217 |
HW4 |
|
|
NP-24-429 |
470.60 |
471.55 |
0.95 |
0.80 |
2,508 |
28.04 |
1.78 |
6.82 |
4,525 |
HW1 |
|
|
Includes |
470.60 |
471.10 |
0.50 |
0.42 |
2,380 |
35.10 |
2.00 |
8.76 |
4,959 |
HW1 |
|
|
NP-24-429 |
No significant values |
Napoleon |
|
|
||||||||
NP-23-431 |
265.60 |
266.90 |
1.30 |
0.73 |
362 |
0.44 |
0.34 |
0.78 |
405 |
|
|
|
NP-24-431 |
428.55 |
431.15 |
2.60 |
2.40 |
1,551 |
14.08 |
0.97 |
3.84 |
2,561 |
HW4 |
|
|
Includes |
428.55 |
429.90 |
1.35 |
1.24 |
2,460 |
23.20 |
1.57 |
6.10 |
4,121 |
HW4 |
|
|
NP-23-431 |
478.50 |
480.40 |
1.90 |
0.75 |
62 |
1.18 |
0.12 |
0.66 |
165 |
HW2 |
|
|
NP-24-431 |
491.60 |
492.70 |
1.10 |
0.70 |
132 |
1.10 |
0.29 |
0.86 |
236 |
HW1 |
|
|
NP-24-431 |
No significant values |
Napoleon |
|
|
||||||||
NP-24-432 |
236.85 |
238.95 |
2.10 |
1.85 |
63 |
0.33 |
1.18 |
4.14 |
265 |
HW4 |
|
|
NP-24-432 |
302.00 |
303.40 |
1.40 |
0.60 |
1,420 |
6.06 |
0.50 |
0.72 |
1,770 |
HW2 Splay |
|
|
NP-24-432 |
316.75 |
322.60 |
5.85 |
1.80 |
52 |
1.85 |
0.43 |
1.35 |
235 |
HW2 |
|
|
NP-24-432 |
338.70 |
345.35 |
6.65 |
2.45 |
36 |
1.27 |
0.46 |
3.22 |
250 |
HW1 |
|
|
NP-24-432 |
No significant values |
Napoleon |
|
|
||||||||
NP-24-435 |
244.00 |
245.60 |
1.60 |
1.40 |
1,429 |
11.76 |
0.32 |
0.68 |
2,156 |
HW4 |
|
|
NP-24-435 |
378.15 |
378.90 |
0.75 |
0.40 |
53 |
0.13 |
0.26 |
7.29 |
330 |
Napoleon |
|
|
NP-24-436 |
312.00 |
313.00 |
1.00 |
0.90 |
1,115 |
12.30 |
0.71 |
1.55 |
1,944 |
HW4 |
|
|
NP-24-436 |
315.35 |
315.80 |
0.45 |
0.40 |
79 |
0.74 |
0.61 |
1.08 |
180 |
HW4 |
|
|
NP-24-436 |
317.70 |
319.40 |
1.70 |
1.53 |
310 |
1.71 |
0.69 |
3.93 |
567 |
HW4 |
|
|
Includes |
317.70 |
318.50 |
0.80 |
0.72 |
577 |
3.05 |
0.83 |
1.68 |
828 |
|
|
|
NP-24-436 |
525.35 |
526.35 |
1.00 |
0.60 |
64 |
1.16 |
0.10 |
3.13 |
255 |
HW2 |
|
|
NP-24-436 |
534.80 |
535.80 |
1.00 |
0.55 |
4 |
2.31 |
0.01 |
1.48 |
214 |
HW2 Splay |
|
|
NP-24-436 |
No significant values |
Napoleon |
|
|
||||||||
NP-24-439 |
222.50 |
230.30 |
7.80 |
6.40 |
277 |
1.65 |
0.21 |
0.47 |
392 |
HW4 |
|
|
NP-24-439 |
No significant values |
Napoleon |
|
|
||||||||
NP-24-441 |
220.50 |
224.25 |
3.75 |
3.70 |
238 |
3.78 |
0.50 |
1.89 |
560 |
HW4 |
|
|
NP-24-441 |
395.80 |
396.65 |
0.85 |
0.65 |
36 |
0.35 |
0.26 |
3.99 |
210 |
HW3 |
|
|
NP-24-441 |
397.50 |
398.05 |
0.55 |
0.42 |
44 |
1.04 |
0.05 |
2.71 |
211 |
HW3 |
|
|
NP-24-441 |
400.00 |
400.90 |
0.90 |
0.69 |
15 |
0.04 |
0.26 |
7.69 |
304 |
HW3 |
|
|
NP-24-441 |
439.50 |
440.70 |
1.20 |
0.49 |
92 |
0.75 |
0.21 |
0.95 |
177 |
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
Drillhole |
Easting |
Northing |
Elevation |
Azimuth |
Dip |
Depth |
NP-23-396 |
403,683 |
2,586,973 |
480 |
251 |
-60 |
684 |
NAP-2023-001 |
403,800 |
2,586,264 |
429 |
235 |
-54 |
642 |
NAP-2023-002 |
403,484 |
2,586,918 |
425 |
270 |
-55 |
310 |
NAP-2023-003 |
403,425 |
2,587,147 |
464 |
290 |
-55 |
310.7 |
NAP-2023-004 |
403,174 |
2,587,337 |
533 |
55 |
-55 |
351 |
NAP-2023-005 |
403,174 |
2,587,337 |
533 |
55 |
-55 |
351 |
NAP-2023-006 |
403,499 |
2,587,577 |
486 |
270 |
-45 |
291 |
NP-23-400 |
403,768 |
2,587,025 |
492 |
260 |
-48 |
633 |
NP-23-402 |
403,580 |
2,587,072 |
442 |
251 |
-62 |
498 |
NP-24-429 |
403,846 |
2,586,464 |
495 |
270 |
-47 |
624 |
NP-24-431 |
403,846 |
2,586,464 |
495 |
270 |
-50 |
624 |
NP-24-432 |
403,651 |
2,586,539 |
426 |
270 |
-64 |
426 |
NP-24-435 |
403,694 |
2,586,597 |
436 |
270 |
-61 |
444 |
NP-24-436 |
403,840 |
2,586,649 |
458 |
272 |
-48 |
584.2 |
NP-24-439 |
403,740 |
2,586,702 |
451 |
270 |
-49 |
504 |
NP-24-441 |
403,740 |
2,586,702 |
451 |
270 |
-52 |
555 |
Table 2: Napoleon vein drillhole details. Coordinates in WGS84, Zone 13. Holes with the prefix "NAP" were drilled for geotechnical studies. |
The newly consolidated
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.
On
Drill core 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.
In accordance with NI 43-101,
The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the
You are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective
Neither
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 exploration, development, and production at
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
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