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Vizsla expands Napoleon further towards surface, to depth and to the north at Panuco Project, Mexico

ID: 1563926
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(businesspress24) -
Vancouver, British Columbia (January 19th, 2020) - Vizsla Resources Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) (Vizsla or the Company - is pleased to provide results from ten new holes at the Napoleon prospect at the Panuco silver-gold project (Panuco or the Project) in Mexico. These results continue to expand the discovery and it remains open to the north and beneath wide intercepts at depth.

Drilling Highlights


- 422 g/t silver equivalent (180.1 grams per tonne (g/t) silver, 2.27 g/t gold, 0.44% lead and 1.31% zinc) over 11.02 metres (m) true width from 149.15 m including;

- 2,383 g/t silver equivalent (974.8 g/t silver, 13.88 g/t gold, 1.63 % lead and 5.83% zinc) over 1.09 m true width from 163.8 m and,


- 569 g/t silver equivalent (181.2 g/t silver, 3.75 g/t gold, 0.59% lead and 1.52% zinc) over 3.54 m true width from 47.05m


- 561.6 g/t silver equivalent (262.3g/t silver, 2.57 g/t gold, 1.26% lead and 2.0% zinc) over 3.23 m true width from 130.35m

Note: All numbers are rounded and widths represent downhole lengths. Silver equivalent is calculated using the following formula: Silver-equivalent = ((Au_g/t x 52.48) + (Ag_g/t x 0.5289) + (Pb_ppm x 0.0013) + (Zn_ppm x 0.0013)) / 0.5627. Metal price assumptions are $17.50 g/t silver, $1,700 g/t gold, $0.75 pound lead and $0.85 pound zinc, recoveries assumptions are 96% gold, 94% silver, 78% lead and 70% zinc based on similar deposit types. The Company is disclosing results on a silver equivalent basis due to the overall silver dominant nature of mineralization at the Panuco project.

Vizsla President and CEO, Michael Konnert, commented: We continue to grow the area of mineralization at the Napoleon discovery in all directions with drilling. We are particularly encouraged with the wide zones remaining open in the deepest drilling. The greater Napoleon corridor has significant potential, and the Company continues to expand both the Napoleon zone and the Papayo zone and is adding rigs to systematically explore the entire 2.7 kilometre long vein corridor. Vizsla is well-funded as it continues its aggressive exploration of the Panuco district.

Figure 1: Longitudinal section from Napoleon prospect with all holes labelled and selected intersections shown. All figures including a plan map can be found at the Companys website here

Napoleon Drilling Detail

Drilling has continued to expand the known extents of mineralization at Napoleon. The Company has completed a series of shallow holes above the original discovery zone that has extended mineralization towards surface. Mineralization remains open towards surface and the south in this area.

Step-out holes have also been completed at the northern end of the zone and towards depth where mineralization remains open.

Deeper drilling is continuing at Napoleon as the Company seeks to define the extent of economic mineralization. Assays remain outstanding for deeper holes and drilling has recommenced in 2021 with two rigs - one continuing the deeper drilling and another expanding the zone towards the north.

Complete table of Napoleon drill hole intersections

DrillhoFrom To Est. Gold SilverLeadZincSilver Comment
le True Equival
Width ent

(m) (m) (m) (g/t) (g/t) (%) (%) (g/t)
NP-20-1130.3134.3.23 2.57 262.3 1.262.00561.6 Results P
3 5 2 reviously

Incl. 132 134.1.85 3.11 437.5 2.133.14822.4

NP-20-325.5 27.81.22 0.76 29.9 0.200.33111.3

And 56.9 60.92.15 0.51 32.2 0.030.1181.1

NP-20-347.0559.63.54 3.75 181.2 0.591.52568.9

And 74.5 77.90.96 1.35 38.4 0.090.16168.2
NP-20-345.8547.21.06 0.76 196.1 0.040.06257.3
2 5

NP-20-355.1 57.21.78 0.53 64.1 0.060.09113.6
3 5

NP-20-3Intercepted mine workings

NP-20-352.7 53.60.51 0.82 88.0 0.080.71177.3

And 66.9 68.20.74 0.79 58.1 0.100.44140.6
NP-20-391.5 114.9.39 1.52 95.7 0.260.61252.0
8 0

Incl. 91.5 92.60.48 19.00 890.0 2.413.562,746.6

And 102.0114 4.99 0.91 83.4 0.200.58181.6

NP-20-391.0594.61.40 1.43 140.0 0.220.49281.6

NP-20-4149.1165.11.022.27 180.1 0.441.31421.8
2 5 4

Incl. 149.1156.5.05 1.87 169.3 0.591.55382.8
5 6

And 163.8165.1.09 13.88 974.8 1.645.832,382.8

Table 1: Downhole drill intersections from the holes completed at the Napoleon Discovery.

Note: All numbers are rounded and widths represent downhole lengths. Silver equivalent is calculated using the following formula: Silver-equivalent = ((Au_g/t x 52.48) + (Ag_g/t x 0.5289) + (Pb_ppm x 0.0013) + (Zn_ppm x 0.0013)) / 0.5627. Metal price assumptions are $17.50 g/t silver, $1,700 g/t gold, $0.75 pound lead and $0.85 pound zinc, recoveries assumptions are 96% gold, 94% silver, 78% lead and 70% zinc based on similar deposit types. The Company is disclosing results on a silver equivalent basis due to the overall silver dominant nature of mineralization at the Panuco project.

Drill Collar Information

ProspecDrillholeEasting NorthingElevatiDip AzimuthHole
t on Depth

NapoleoNP-20-13 403,421 2,587,28471 -52 298 161
n 6

NP-20-30 403,367 2,587,33489 -55 242 93

NP-20-31 403,367 2,587,33489 -58 209 104

NP-20-32 403,368 2,587,33489 -40 210 99

NP-20-33 403,368 2,587,33489 -43 291 104

NP-20-35 403,367 2,587,33489 -69 248 44

NP-20-37 403,367 2,587,34489 -63 293 102

NP-20-38 403,355 2,587,42506 -77 258 161

NP-20-39 403,355 2,587,42506 -73 307 144

NP-20-42 403,454 2,587,38475 -45 254 191

Table 2: Drill hole details. Coordinates in WGS84, Zone 13.

About the Panuco project

Vizsla has an option to acquire 100% of the recently consolidated 9,386.5 Ha 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 tpd mill, 35 kms of underground mines, tailings facilities, roads, power and permits.

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. The ALS Zacatecas and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption (AA) spectroscopy finish. Over limit analyses for silver, 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 Companys quality assurance / quality control protocol.

Qualified Person

The Companys disclosure of technical or scientific information in this press release has been reviewed and approved by Stewart Harris, P.Geo., an independent consultant for the Company. Mr. Harris is a Qualified Person as defined under the terms of National Instrument 43-101.

Contact Information: For more information and to sign-up to the mailing list, please contact:

Michael Konnert, President and Chief Executive Officer
Tel: (604) 364-2215
Email: michael(at)

In Europe:
Swiss Resource Capital AG
Jochen Staiger

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This news release includes certain ForwardLooking Statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forwardlooking 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 forwardlooking statements or information. These forwardlooking statements or information relate to, among other things: the development of Panuco, including drilling activities; future mineral exploration, development and production; and completion of a maiden drilling program.

Forwardlooking statements and forwardlooking 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 managements reasonable assumptions, estimates, expectations, analyses and opinions, which are based on managements 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; Vizslas ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Vizslas 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 forwardlooking 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 forwardlooking 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 forwardlooking 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.

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Date: 01/19/2021 - 16:34
Language: English
News-ID 1563926
Character count: 14651
Firma: Vizsla Resources Corp.
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Wien


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