VIZSLA SILVER REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS AND REFINED INTERPRETATIONS AT LA LUISA
NYSE: VZLA TSX-V: VZLA
Highlights
- NP-24-430 returned 788 grams per tonne (g/t) silver equivalent (AgEq) over 1.30 metres true width (mTW) (682 g/t silver, 2.07 g/t gold, 0.17% lead and 0.23% zinc)
- NP-24-433 returned 1,038 g/t AgEq over 0.75 mTW (827 g/t silver, 2.78 g/t gold, 0.57% lead and 1.80% zinc)
- And, 338 g/t AgEq over 2.00 mTW (102 g/t silver, 2.94 g/t gold, 0.17 % lead and 1.08% zinc)
- NP-24-438 returned 7,307 g/t AgEq over 0.48 mTW (3,310 g/t silver, 61.60 g/t gold, 0.78% lead and 1.31% zinc)
- And, 657 g/t AgEq over 1.10 mTW (103 g/t silver, 7.79 g/t gold, 0.24% lead and 78% zinc)
"Our ongoing exploration campaign continues to expand and convert near-surface mineralization at La Luisa," commented
The La
The upper levels of the vein are hosted primarily by rhyolite tuffs, whereas some deeper vein-intercepts occur in the more favourable diorite host rock. Initial shallow drilling at La Luisa returned vein intercepts with higher gold concentrations relative to silver and low concentrations of base metals. The low silver to gold ratios and low concentrations of base metals observed are analogous to the previously reported shallow "gold rich" horizon at the southern end of Napoleon (see the Company's press releases dated
Previous surface mapping and sampling at La Luisa has returned higher silver and gold anomalies at surface in the north. More recently, mapping with the use of Terraspec® has aided in the characterization of alteration minerals located along strike, supporting the hypothesis that mineralization is tilted to the southwest (see surface samples on Figure 2 and alteration minerals represented by dotted lines in Figure 5). Shallow drilling completed in the northwest have confirmed vein mineralization in the north and expanded the potential strike length of La Luisa to 1,670 m; with an intermediate ~400 m drilling-gap between the high-grade shoot in the south and the recent drill intercepts to the north (see Figure 2). New analysis of metal ratios and alteration mineralogy, now allow us to define a more favorable target elevation (silver rich target) in the 400m gap, constrained by the Ag/Au=100 isolines, between the northern holes and the mineral resource footprint in the south. Vizsla intends to explore this refined up section target between the Ag/Au=100 isolines in an effort to further expand mineral resources at La Luisa.
|
Note: Ag/Au=100 means isovalue for silver to gold ratio=100, Ser= sericite, Kaol= kaolinite, Smec= smectite and Jaro= jarosite. |
|
Drillhole |
From |
To |
Downhole |
Estimated |
Ag |
Au |
Pb |
Zn |
AgEq |
Vein |
|
|
|
|
|||||||||||
(m) |
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
% |
% |
(g/t) |
|
|
||
NP-24-428 |
785.40 |
790.20 |
4.80 |
1.90 |
29 |
0.47 |
0.00 |
0.01 |
101 |
Main |
|
|
NP-24-430 |
No significant values |
HW |
|
|
||||||||
NP-24-430 |
433.00 |
434.40 |
1.40 |
1.30 |
682 |
2.07 |
0.17 |
0.23 |
788 |
Main |
|
|
NP-24-430 |
451.65 |
452.75 |
1.10 |
1.00 |
65 |
0.69 |
0.03 |
0.16 |
114 |
FW |
|
|
NP-24-433 |
504.30 |
505.50 |
1.20 |
0.75 |
827 |
2.78 |
0.57 |
1.80 |
1,038 |
HW |
|
|
NP-24-433 |
516.00 |
519.60 |
3.60 |
2.00 |
102 |
2.94 |
0.17 |
1.08 |
338 |
Main |
|
|
Includes |
517.10 |
518.10 |
1.00 |
0.56 |
78 |
7.96 |
0.35 |
1.48 |
674 |
|
|
|
NP-24-434 |
508.05 |
512.70 |
4.65 |
2.90 |
185 |
0.71 |
1.40 |
0.72 |
288 |
HW |
|
|
Includes |
508.05 |
510.00 |
1.95 |
1.22 |
255 |
0.71 |
2.33 |
1.22 |
399 |
|
|
|
And |
511.80 |
512.70 |
0.90 |
0.56 |
234 |
0.53 |
0.69 |
0.25 |
359 |
|
|
|
NP-24-434 |
526.10 |
530.60 |
4.50 |
2.11 |
33 |
0.93 |
0.25 |
1.85 |
156 |
Main |
|
|
NP-24-437 |
458.20 |
459.35 |
1.15 |
0.80 |
77 |
1.05 |
0.10 |
0.16 |
151 |
HW |
|
|
NP-24-437 |
513.00 |
519.00 |
6.00 |
2.70 |
52 |
0.42 |
0.21 |
0.58 |
104 |
Main |
|
|
NP-24-437 |
No significant values |
FW |
|
|
||||||||
NP-24-438 |
445.80 |
446.40 |
0.60 |
0.48 |
3,310 |
61.60 |
0.78 |
1.33 |
7,307 |
HW |
|
|
NP-24-438 |
452.50 |
454.00 |
1.50 |
1.10 |
103 |
7.79 |
0.24 |
0.78 |
657 |
Main |
|
|
Includes |
453.00 |
454.00 |
1.00 |
0.73 |
115 |
9.73 |
0.23 |
0.98 |
806 |
|
|
|
NP-24-438 |
488.45 |
489.25 |
0.80 |
0.46 |
63 |
1.01 |
0.29 |
0.94 |
169 |
FW |
|
|
Table 1: Downhole drill intersections from the holes completed along the La Luisa vein.
Note: AgEq = Ag g/t x Ag rec. + ((Au g/t x |
|
Drillhole |
Easting |
Northing |
Elevation |
Azimuth |
Dip |
Depth |
NP-24-428 |
402,971 |
2,586,834 |
441 |
270 |
-55.6 |
852.0 |
NP-24-430 |
403,025 |
2,586,786 |
450 |
235 |
-38.9 |
499.5 |
NP-24-433 |
403,025 |
2,586,786 |
450 |
226 |
-45.4 |
598.5 |
NP-24-434 |
403,025 |
2,586,786 |
450 |
227 |
-47.9 |
627.0 |
NP-24-437 |
403,025 |
2,586,786 |
450 |
234 |
-47.2 |
574.5 |
NP-24-438 |
403,025 |
2,586,786 |
450 |
241 |
-43.0 |
531.0 |
Table 2: La Luisa vein drillhole details. Coordinates in WGS84, Zone 13.
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
Website: www.vizslasilvercorp.ca
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 public health crises; 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
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