Vizsla Resources (TSXV: VZLA) reported assay results from sixteen additional holes at its Panuco project this morning. Highlights from the results include 449 g/t silver equivalent over 15.3 metres of true width, along with 1,696 g/t silver equivalent over 2.58 metres true width and 755 g/t silver equivalent over 2.01 metres true width.
Results released this morning expand the area of known mineralization fifty metres to the south for the Napoleon zone, while remaining completely open at depth. Furthermore, given that the drill results produced broad intercepts, it has increased the possibility of open pit as well as underground mining scenarios.
Commenting on the results, President and CEO Michael Konnert stated, “the Company’s aggressive exploration program is targeting three vein corridors in the district and it is exciting to see the benefit of systematic drilling around our multiple discoveries, particularly the addition of significantly more mineralization at Napoleon.”
Vizsla is currently working to expand the area of known mineralization at Napoleon by conducting step out drilling from its strong intercepts. Once drilling completes expanding the discovery area, the company will focus on testing the depth of mineralization below holes NP-20-25 and NP-20-27, which were highlight above, along with two holes that were previously released by the company.
Vizsla Resource last traded at $1.77 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.
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