Following Up Tajitos Discovery At Mexican Project
Vizsla Resources Corp. (TSXV:VZLA) has added a fifth drill rig to its operations at the Panuco silver-gold project in Sinaloa, Mexico.
The new rig will initially target the Tajitos discovery on the Cinco Senores vein corridor at the Project.
CEO Michael Konnert said the company has now completed a total of 16,700m of drilling at Panuco on its way to an estimated total of 31,300m of diamond drilling across three main vein corridors including Napoleon, Cordon del Oro and Animas.
Mr Konnert said the district remains vastly underexplored, as evidenced by the multiple high-grade discoveries over the last six months.
CEO Michael Konnert stated
“As our team continues to deliver drill results at the Panuco silver-gold project, we have decided to add an additional rig within the existing budget,” Mr Konnert said.
“This rig, the fifth at site, will be provided by a second contractor, Bysla Drilling, in addition to the four operated by Maza Drilling.
“The new rig will follow-up the previously announced Tajitos discovery as the existing rigs are fully occupied on their present targets. Vizsla’s goal in the coming months is to expand the extent of high-grade mineralisation drilled at the Project and to find new high-grade discoveries across the under-explored region.”
A total of four holes have been completed by Vizsla to date into the Tajitos vein, located 900m southeast of the first Napoleon discovery with results from the first three holes reported on September 3, 2020.
Mr Konnert said the Tajitos vein appears to have seen significant historical mine development but had never previously been drilled.
The Tajitos vein is a northeast trending vein on the Cinco Senores Vein Corridor. The vein has been sampled over 360 metres of strike with consistent mineralisation and additional drilling will step out along strike and at depth from the initial intercepts.
The vein zone is composed of a quartz breccia vein with an early white locally banded quartz supporting andesite lithic clasts, followed by a later white to greyish quartz supporting brecciated clasts of earlier white quartz veins.
This zone was then cut by a later white to clear quartz vein with local dark bands or patches of fine-grained sulphides that is cutting a zone of quartz psuedomorphs after bladed calcite and pink rhodochrosite.
The better grades are in the earlier breccias associated with dark bands or dark patches of very fine-grained disseminated sulphides. This vein zone is hosted in a package of andesite flows and tuffs that is variably magnetic.
Vizsla has an option to acquire 100% of the recently consolidated 9,386.5 hectare Panuco district in southern Sinaloa, Mexico, near the city of Mazatlán.
The option allows for the acquisition of over 75 km of total vein extent, a 500 ton per day mill, 35 km of underground mines, tailings facilities, roads, power and permits.
