Exceptional Drill Results Highlight Continuity and Expansion
Vancouver-based exploration company Vizsla Silver (TSX-V) has reported strikingly high-grade mineral intercepts at its flagship Panuco Project in Mexico. The standout results include up to 9,920 grams per tonne (g/t) of silver and 663g/t of gold.
With a market capitalization of approximately C$576 million (US$632.4 million), Vizsla Silver has released data from five new drill holes focused on infilling near-surface indicated resources at the Copala deposit. The latest drilling results underscore the high-grade continuity of the deposit.
Record-Breaking Intercepts Confirm High-Grade Continuity
One of the most notable results came from hole CS-24-356, which revealed an intersection of 4.2 meters at 8,817g/t silver equivalent, comprising 1,694g/t silver and 103.2g/t gold. This intersection included an extraordinary 0.64 meters at 55,769g/t silver equivalent, which broke down to 9,920g/t silver and 663g/t gold.
Michael Konnert, CEO of Vizsla Silver, highlighted the significance of these results, noting that they represent some of the highest-grade gold intercepts drilled to date at the Panuco Project. “Our ongoing infill program, targeting the near-surface ultra high-grade zone at Copala, continues to deliver exceptional silver and gold grades over very broad widths,” Konnert stated. “In addition to confirmation of continuity, hole CS-24-356 also expanded high-grade mineralization closer to the surface.”
Strategic Drilling and Future Assessments
Vizsla Silver is committed to continuing its conversion drilling at Copala to mitigate risks before the maiden Preliminary Economic Assessment, scheduled for early Q3 2024. The Copala deposit currently hosts indicated resources of 83.3 million ounces at 573g/t silver equivalent and inferred resources of 48.3 million ounces at 476g/t silver equivalent.
To date, exploration and resource drilling at Copala have traced mineralization along approximately 1,770 meters of strike and 400 meters down dip. Vizsla’s ongoing drilling program includes 10,000 meters across 35 holes, aimed at upgrading indicated resources to the higher confidence measured category. This program is expected to conclude by mid to late July and will also target Copala-like structures.
Ambitious Drilling Plans for 2024
Looking ahead, Vizsla Silver plans to undertake over 30,000 meters of resource and discovery-based drilling throughout 2024. This ambitious campaign is designed not only to upgrade and expand existing resources but also to test other high-priority targets across the district.
These recent findings and ongoing efforts highlight Vizsla Silver’s potential to further define and expand its high-grade resources at the Panuco Project, positioning the company for significant growth and value creation in the near future.
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