Vizsla Discovers New Vein With EM Geophysics, Generates New Targets Near Napoleon At Panuco
(PresseBox) - Vizsla Silver Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) (?Vizsla? or the ?Company? - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ ) is pleased to provide an update on geophysical surveying completed at the"Panuco" or the "Project") in Mexico.
Highlights
Fixed loop electromagnetics (?FLEM? or ?EM?) has been trialed and detects massive sulphide hosted mineralization on the Napoleon Vein. This mineralization contains very high grades of silver, gold and base metals and extends south beyond the current limits of drilling.
Multiple new targets generated along the Napoleon and Cinco Senores Vein Corridors.
Drill testing one target (Josephine Vein) hits massive sulphide in a new vein with three holes proving the success of the technique.
Vizsla is planning a property wide airborne EM survey to generate targets that directly detect the best-known mineralization style in the district.
Vizsla President and CEO, Michael Konnert, commented: ?The trial electromagnetic survey has proven to be extremely successful and adds the ability to directly target the best parts of veins within the district. The high grade, massive sulphide mineralization at Napoleon is not common in epithermal deposits and direct detection with electromagnetics is incredibly rare.
Massive Sulphide Mineralization
The Napoleon and Cinco Senores vein corridors host multi-episodic, quartz-carbonate veins that host multiple pulses of mineralization.
This style of mineralization is rare in epithermal deposits and represents a strongly metal rich fluid that has undergone very rapid precipitation to form bands of massive sulphides.
Fixed Loop Electromagnetic Survey
FLEM detects massive sulphide mineralization by running a current through a large loop of wire laid on the ground to induce a magnetic field in the earth.electrical field in turn weakens, setting up a secondary magnetic field that is measured on surface.
A test survey was completed by Zonge International was undertaken in April and May at Panuco and the results showed EM plates fit with mineralization drilled at the Napoleon discovery (Figure 2).
Mineralization at Tajitos is not related to massive sulphides and was not detected with FLEM.
Drilling has been completed on one of the new EM targets and three holes have intersected massive sulphide mineralization in holes NP-21-132, NP-21-137 and NP-21-139.
The remaining targets will be tested in the coming weeks.
Based on this success the Company has commenced planning for a property wide airborne electromagnetic survey to detect additional anomalies across Panuco.
Drone Magnetic Survey
In April, a drone magnetic survey was also completed over the Napoleon and Cinco Senores Corridors.
The technique shows multiple similar linear features, some coinciding with mapped veins and a structural geological interpretation is underway to support mapping and to generate and prioritize new drill targets.
Unlocking the Greater District
Drilling is currently underway on four vein corridors, Napoleon, Cinco Senores, Cordon del Oro and Animas.
Strong drilling results have been returned from each vein corridor (Figure 3) and the Company continues to explore for both virgin zones of mineralization and continuations of known mineralization beneath mine workings.
Adding direct detection of massive sulphides with geophysical techniques to a systematic geological ranking approach makes for a powerful combination to unlock one of Mexico?s largest epithermal districts.
Note: All numbers are rounded.re 96% gold, 94% silver, 78% lead and 70% zinc based on similar deposit types.
About the Panuco project
Vizsla has an option to acquire 100% of the newly consolidated 9,386.5-hectare Panuco district in southern Sinaloa, Mexico, near the city of Mazatl
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.
Quality Assurance / Quality Control
Drill core and rock samples were shipped to ALS Limited in Zacatecas, Zacatecas, Mexico and in North Vancouver, Canada for sample preparation and for analysis at the ALS laboratory in North Vancouver.er, lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.
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.
Qualified Person
The Company?s disclosure of technical or scientific information in this press release has been reviewed and approved by Martin Dupuis, P.Geo., Vice President of Technical Services for Vizsla Silver. Mr. Dupuis is a Qualified Person as defined under the terms of National Instrument 43-101.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
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 development of Panuco, including drilling programs and mobilization of drill rigs; future mineral exploration, development and production; and completion of a maiden drilling program.
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 Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company''s management team and outside contractors; risks regarding mineral resources and reserves; the Company''s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company''s interactions with surrounding communities and artisanal miners; the Company''s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ?Risk Factors? in Vizsla''s management discussion and analysis. Readers are cautioned against attributing undue certainty to forward?looking statements or forward-looking information. Although Vizsla has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla does not intend, and does not assume any obligation, to update these forward?looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 25.05.2021 - 08:23 Uhr
Sprache: Deutsch
News-ID 1567458
Anzahl Zeichen: 2899
contact information:
Contact person:
Town:
Vancouver, British Columbia
Phone:
Kategorie:
Internet
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 222 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Vizsla Discovers New Vein With EM Geophysics, Generates New Targets Near Napoleon At Panuco
"
steht unter der journalistisch-redaktionellen Verantwortung von
Swiss Resource Capital AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
