Vizsla reports high-grade discovery in Mexico

Vizsla Silver (TSX, NYSE: VZLA) claims a top-quality locate bodes well to broaden its front runner Panuco silver-gold job in Mexico.

Opening AM-25-90 returned 653 grams silver per tonne, 4.26 grams gold, 0.02% lead and 0.04% zinc over 5.85 metres real size from 119 metres deepness, Vizsla stated Monday in a declaration. The very same opening likewise returned a period from 131 metres deepness of 457 grams silver, 2 grams gold, 0.08% lead and 0.18% zinc over 2.6 metres real size, the firm included.

The opening lies regarding 6 kilometres northeast of the Copala source location, which lies along the Animas capillary system listed below historical mine operations. Vizsla is preparing to act on the exploration with additional boring.

” While onset, in our sight the exploration highlights Panuco’s area range possibility,” BMO Funding Markets expert Kevin O’Halloran stated in a note to customers.

5 targets

Information of the exploration comes as Vizsla performs a 10,000-metre drill program — began late in 2015– to examine a number of blood vessels in 5 concern targets throughout the area. The exploration was made at the La Pipa target.

” This brand-new exploration highlights the solid possibility for brand-new vast, state-of-the-art silver and gold mineralization in the Panuco area, which has actually traditionally seen minimal methodical expedition,” chief executive officer Michael Konnert stated in the declaration.

” To day, boring in the location has actually been restricted, nonetheless recurring geologic analysis of the local system recommends both quality and sizes might enhance at deepness. We will certainly assess strategies to act on this amazing exploration.”

More information on extra boring will certainly be supplied “eventually,” Vizsla stated.

Panuco is approximated to include 12.96 million tonnes in determined and suggested sources rating 307 grams silver per tonne, 2.49 grams gold, 0.27% lead and 0.85% zinc, Vizsla stated in January. This relates to 222.4 million oz. of silver-equivalent compared to a previous quote of 155.5 million oz.

The job lies in southerly Sinaloa, near the city of Mazatlán. The 72 sq. kilometres area has greater than 86 kilometres of overall capillary level, 35 kilometres of below ground mines, roadways, power and licenses.

Vizsla shares dropped 0.9% to C$ 3.24 each in late early morning Toronto trading Monday as broader markets dropped on toll concerns. That provided the firm a market capitalization of regarding C$ 935 million.