Vizsla Loses Interest On San Carlos Prospect, Refocuses On Papayo Following Latest Results
Vizsla Resources (TSXV: VZLA) this morning reported results from twelve drill holes conducted at the Panuco silver-gold project in Mexico. The results are from the Papayo and San Carlos prospects, with the highlight value being 2,401 g/t silver equivalent over 1.0 metres, hit at the Papayo prospect.
Of the twelve holes released this morning, six holes were conducted at each of the two prospects at Panuco. Highlight results overall were provided via Panuco, with the values of hole NP-20-21, addressed above, consisting of 207.3 g/t silver, 21.6 g/t gold, 1.91% lead and 6.02% zinc over 1.0 metre true width. The known extends of mineralization here have been expanded with recent drilling, with the target vein being expanded below and both sides of the initial discovery hole.
Outside of the highlight value, the Papayo prosect also produced 0.74 metres of 2,206 g/t silver equivalent, as well as 0.94 metres true width of 752.4 g/t silver equivalent, both in the main vein. Furthermore, strike on this prospect was increased to 300 metres as a function of the latest results. Full results released from Papayo drilling released this morning can be seen below.
The San Carlos target meanwhile is focused on lower grade bulk tonnage, with the current target having an average width of 11.5 metres, and a range from 3.35 metres to 22.8 metres. The result here, is that the prospect does not produce headline-making figures like that of the Papayo prospect.
Here, the highlight value is 15.62 metres true width of 188.6 g/t silver equivalent, consisting of 0.91 g/t gold and 110.1 g/t silver. The value also includes an interval of 1.06 metres of 1,245.5 g/t silver equivalent, consisting of 5.08 g/t gold and 821.0 g/t silver.
Finally, the company indicated this morning that it is focusing on expanding Papayo, while the firm is moving away from the San Carlos prospect where lower grade intervals have been intercepted. The rig previously station at San Carlos has as a result been relocated to new targets along the Cordon del Oro vein corridor.
Vizsla Resources last traded at $1.75 on the TSX Venture.
Information for this briefing was found via Sedar, and Vizsla Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
