Vizsla Silver Reports Significant Drill Intersections
Tickers: TSXV: VZLA, NYSE: VZLA
Vizsla Silver Corp. has recently announced remarkable results from ongoing infill drilling at its flagship Panuco silver-gold project. This project, thoroughly owned and already considered a high-grade prospect, is drawing attention due to the exceptional drill results from multiple holes targeting the Copala resource area.
Drilling Highlights
The recently concluded drill program has yielded impressive findings that highlight Vizsla's commitment to enhancing its mineral resources at Panuco. The drilling program covered approximately 5,000 metres, focusing on both infill and expansion efforts aimed at refining the mineral resource estimates in the high-grade Copala area.
Among the noteworthy results, drill hole CS-24-393 returned a stunning 4,573 grams per tonne (g/t) silver equivalent (AgEq) over a true width of 5.65 metres. Additionally, CS-24-390 indicated 3,368 g/t AgEq over 5.80 metres while another hole, CS-24-389, struck 5,224 g/t AgEq over 2.30 metres. These impressive figures underscore the potential of the Copala structure, as the data continues to reveal strong mineral continuity.
Statements from Leadership
Michael Konnert, President & CEO of Vizsla Silver, commented on the significance of these results, stating, "This latest round of infill drill results continues to support improved mineral continuity along the Copala structure. It's exciting to see an infill program yield such substantial new mineralization. The Copala structure remains open in all directions, indicating significant opportunity for further discoveries."
Potential for Resource Expansion
The Copala area currently boasts Indicated Resources of 83.3 million ounces (Moz) of AgEq at 573 g/t and Inferred Resources of 48.3 Moz of AgEq at 476 g/t. The extensive geological mapping and LiDAR-assisted evaluations have revealed a historic mine adit at Copala, coupled with promising new 3D interpretations based on the latest drill data. This combination of historical and recent findings indicates that more resources could be available closer to the surface, suggesting additional targets for exploration.
Future Plans
Looking ahead, Vizsla Silver plans to mobilize its drilling rigs to investigate several high-priority targets within the eastern portion of the district. With over 380,000 metres of drilling already conducted at Panuco, the company aims to further increase its resource base through focused exploration efforts. The budget for 2024 is projected at over 45,000 metres of resource and discovery-based drilling, enabling enhanced resource characterization and expansion.
Exploration Significance of the Panuco Project
The Panuco project, located in southern Mexico, offers numerous advantages, such as extensive vein systems and historical production data that significantly contribute to its prospective future. The geography includes 17,856.5 hectares benefiting from conducive mining conditions and established infrastructure, providing Vizsla with a solid foundation for continued exploration and development.
Quality Assurance and Control Measures
To maintain high standards in resource evaluation, drill core samples from Panuco have been sent to reputable laboratories for analysis, ensuring the reliability of data. The results are underpinned by rigorous quality assurance protocols, which include systematic insertion of control samples into the assay workflow.
Frequently Asked Questions
What are the key findings from Vizsla Silver's latest drilling report?
The report highlights exceptional drill results including 4,573 g/t AgEq over 5.65 metres from hole CS-24-393, alongside other significant intersections from various drill holes.
What is the current resource estimate for the Copala structure?
The Copala area holds Indicated Resources of 83.3 Moz AgEq at 573 g/t and Inferred Resources of 48.3 Moz AgEq at 476 g/t.
What steps will Vizsla take in 2024 regarding its drilling activities?
In 2024, Vizsla plans to undertake more than 45,000 metres of resource and discovery-based drilling to further define and expand its mineral resources.
Where is the Panuco project located?
The Panuco project is located in southern Mexico near the city of Mazatlán, covering an extensive area with well-defined vein systems.
Who oversees the technical content of Vizsla's reports?
The technical content is reviewed by Dr. Jesus Velador, Vice President of Exploration, who is the Qualified Person according to NI 43-101 standards.
