- Vizsla Silver Corp. (VZLA) has shared results from nine new drill holes at its Panuco Project in Mexico
- Intercepts consistently found high-grade silver equivalent throughout most of the holes
- This expands the vertical extent of the high-grade footprint by 100 metres
- Drilling is ongoing at the targeted Napoleon Vein with three rigs
- Drilling data will go towards a resource update planned for the end of this year
- Vizsla Silver Corp. (VZLA) is up 9.80 per cent trading at $1.57 per share as of 12:03 p.m. ET
Vizsla Silver Corp. (VZLA) has shared the results from nine new drill holes targeting a southern extension of the Napoleon Vein, at its flagship Panuco Project in Mexico.
The drill intercepts consistently found high-grade silver equivalent throughout the majority of the holes with trace amounts of silver, lead, and zinc mineralization.
The company stated these new results expand the vertical extent of the high-grade footprint by 100 metres providing evidence of further exploration potential.
“The southern extent of the main Napoleon Vein continues to be the primary target for near-term resource growth within the Napoleon Vein… drilling in the area continues to validate our local model of a gently plunging epithermal system to the south,” Michael Konnert, President and CEO of Vizsla, said.
Vizsla shared it has expanded the zone’s high-grade footprint to 800 metres long by 400 metres down dip and it remains open at depth. Drilling is ongoing at Napoleon with three rigs focusing on resource expansion and conversion ahead of a resource update planned for the end of this year.
According to the company, previously reported high-grade gold values found closer to the surface support the model, while the new results validate the model. Earlier this year, Vizsla utilized up to four drill rigs to target this area to test this hypothesis and expand the resources along strike and down plunge to the south.
The company’s newly consolidated Panuco Project is in a 6,761-hectare large, past-producing district that benefits from nearby underground mines, roads, power, and permits.
Vizsla Silver Corp. (VZLA) is up 9.80 per cent trading at $1.57 per share as of 12:03 p.m. ET.