- Vizsla Silver (TSXV:VZLA) is reporting results from five new drill holes from the Copala resource area at its flagship Panuco silver-gold project in Mexico
- These include the property’s highest-grade intercept to date at 9,920 grams per tonne of silver and 663 grams per tonne of gold over 0.64 metres
- Vizsla is a Canadian mineral exploration and development company advancing its more than 325-million-ounce Panuco silver-gold project in Mexico
- Vizsla Silver stock has added 51.59 per cent year-over-year and 1,387.50 per cent since 2019
Vizsla Silver (TSXV:VZLA) is reporting results from five new drill holes from the Copala resource area at its flagship Panuco silver-gold project in Mexico, including the property’s highest-grade intercept to date at 9,920 grams per tonne (g/t) silver and 663 g/t gold over 0.64 metres.
The drilling is part of a 10,000-m program to convert indicated resources to the measured category, which continues to confirm high-grade continuity throughout Copala and positions the company for an initial preliminary economic assessment (PEA) in Q3 2024. Highlight results include:
- CS-24-356: 8,817 g/t silver equivalent over 4.20 m (1,694 g/t silver and 103.20 g/t gold).
- Including 55,769 g/t silver equivalent over 0.64 m (9,920 g/t silver and 663 g/t gold).
- CS-24-362: 1,103 g/t silver equivalent over 10.50 m (804 g/t silver and 5.27 g/t gold).
- Including 4,881 g/t silver equivalent over 1.47 m (3,437 g/t silver and 24.87 g/t gold).
- And 1,379 g/t silver equivalent over 0.91 m (1,145 g/t silver and 4.78 g/t gold).
The Copala structure resides in the western quarter of the Panuco district and is estimated to host 83.3 million ounces of AgEq indicated and 48.3 million ounces of AgEq inferred. Exploration and resource drilling to date has traced mineralization along approximately 1,770 m of strike length and approximately 400 m down dip.
Vizsla plans to finalize its ongoing drilling program by mid- to late July and remains focused on locating additional mineralization through more than 30,000 m in drilling budgeted for 2024.
Leadership insights
“Today’s results represent some of the highest-grade gold intercepts drilled to date at the Panuco project,” Michael Konnert, Vizsla Silver’s president and chief executive officer, said in a statement. “Our ongoing infill program, targeting the near-surface ultra-high-grade zone at Copala continues to deliver exceptional silver and gold grades over very broad widths. In addition to confirmation of continuity, hole CS-24-356 also expanded high-grade mineralization closer to surface. Moving forward we will continue our conversion drilling at Copala as we de-risk the project ahead of the maiden PEA, slated for early Q3 2024.”
About the Panuco project
The 17,856.5-hectare Panuco project encompasses a high-grade silver-gold discovery in southern Sinaloa, Mexico, boasting more than 86 km of total vein extent and 35 km of underground mines. The project’s latest mineral resource estimate details 155.8 million ounces AgEq indicated and 169.6 million ounces AgEq inferred.
About Vizsla Silver
Vizsla is a Canadian mineral exploration and development company advancing its Panuco silver-gold project in Mexico. The company has discovered numerous high-grade veins on the project across more than 368,000 m of drilling to date.
Vizsla Silver stock (TSXV:VZLA) last traded at C$2.38 per share. The stock has added 51.59 per cent year-over-year and 1,387.50 per cent since 2019.
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(Top photo of Vizsla Silver’s Panuco project in Mexico: Vizsla Silver)
