Vizsla Silver Corp. (TSXV: VZLA) has expanded the Copala mineralized footprint laterally by ~150m to the southeast with new drill results from 16 expansion holes at the flagship Panuco silver-gold project located in Mexico.
Highlights
- CS-23-265 returned 1,591 grams per tonne (g/t) silver equivalent (AgEq) over 5.89m true width (mTW) (1,403g/t silver and 4.24g/t gold); Including 4,842g/t AgEq over 1.62mTW (4,245g/t silver and 13.24g/t gold) And 396g/t AgEq over 4.90mTW (345g/t silver and 1.12g/t gold); Including 1,005g/t AgEq over 1.24 mTW (923g/t silver and 2.17g/t gold)
- CS-23-254 returned 2,743g/t AgEq over 2.14mTW (1,319g/t silver and 22.46g/t gold); Including 5,222g/t AgEq over 1.03mTW (2,320g/t silver and 45.40g/t gold)
- CS-23-269 returned 1,080g/t AgEq over 1.45mTW (789g/t silver and 5.13g/t gold) hosted within a broader interval grading 512g/t AgEq over 3.35mTW
“Step-out drilling along the southern extent of Copala continues to deliver high-grades over broad widths, beyond the January 2023 resource wireframes,” President and CEO, Michael Konnert, said.
“Today’s results extend the Copala mineralized footprint by ~150m to the south of previously reported drilling and represents a potential shoot of new mineralization with a vertical profile of ~280m.
“We currently have four drill rigs targeting Copala, three focused on expanding the current resource base on the south and one exploration rig testing the lateral potential, to the north.
“With numerous open-ended intercepts containing very high silver and gold grades over large intervals up to 82m thick, the Copala structure remains a primary focus for both resource expansion and exploration ahead of the next resource update planned for the fourth quarter of 2023.”
The precious metals dominant Copala structure, located in the western portion of the Panuco district, is situated ~800m to the east of the Napoleon structure. Copala currently hosts Indicated Resources of 51.1Moz AgEq at 516 g/t AgEq and Inferred Resources of 55.4Moz AgEq at 617g/t AgEq within a broad envelope of vein-breccia interlayered with host rock, up to 82m thick. Interpretations by Vizsla geologists indicate Copala has an average dip of ~46° to the east (~35° in its northern sector and steepening to ~52° in the southern sector).
Ongoing drilling at Copala has now traced mineralization along ~1,250m of strike length and ~400m down dip. High-grade silver-gold mineralization remains open laterally to the southeast and north.
The recently completed batch of resource expansion drilling consisted of 16 holes drilled at ~100m centres in the southern extent of Copala. Results highlight the Copala structure is continuous to the southeast, beyond the January 2023 resource, with potential to host additional high-grade shoots down-dip. Holes CS-23-265, -270, -254, -273, and -269 all intersected precious metals rich mineralization grading >1,000g/t m over a vertical distance of ~280m.
To date, Vizsla has completed ~35,000 m of its fully funded 90,000m 2023 drill programme.
For further information please visit: https://vizslasilvercorp.com/
