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Vizsla Expands Napoleon Resource Area and Outlines High-Grade Footprint

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Vancouver, British Columbia (December 8, 2021) – Vizsla Silver Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) ("Vizsla" or the "Company" - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ ) is pleased to provide additional results from twenty one new drill holes targeting the Napoleon Vein resource area ("Napoleon") at its flagship Panuco silver-gold project ("Panuco" or the "Project") located in Mexico.

Highlights

  • Drilling has now defined a higher-grade precious metals rich footprint at Napoleon measuring approximately 1,000 metres long by an average 400 metres deep with an average true width of86 metres. Based on 106 holes completed to date, the higher-grade footprint hosts an uncut, undiluted weighted average grade of 453 g/t AgEq (148 g/t silver, 2.90 g/t gold, 0.46% lead and 1.44% zinc)
  • The greater Napoleon Vein resource area, including the higher-grade footprint, now measures approximately 1,820 metres long by approximatly 300 metres average depth with an average true width of 3.36 metres. Based on a total of 159 holes, the greater Napoleon resource area has an uncut, undiluted weighted average grade of 421 g/t AgEq (142 g/t silver, 2.62 g/t gold, 0.46% lead and 1.39% zinc)

Note: All numbers are rounded.  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 oz silver, $1,700 oz 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.

Vizsla President and CEO Michael Konnert commented: “As we rapidly approach the deadline for drilling to be incorporated into the maiden Panuco resource estimate, anticipated in Q1 2022, new results from the Napoleon Vein continue to demonstrate the exceptional size and grade of the underlying system.  Large step-outs have now expanded the zone’s greater mineralized footprint to over 1,800 metres along strike with a notable higher-grade precious metals rich subzone developing over 1,000 metres to the south and below the discovery hole. This near-surface high-grade subzone hosts multiple intercepts over 1,000 g/t AgEq and reamains open to the south and at depth ”

Figure 1:         Longitudinal section of the entire main Napoleon prospect with all holes labelled and selected intersections shown.

 

Figure 2:         Longitudinal section from the southern half of the Napoleon prospect with all holes labelled and selected intersections shown.  Scale bar identifies extent of the higher-grade panel of mineralization.

 

 

Figure 3:         Plan map of the main Napoleon Corridor resource area highlighting recent drilling.

 

Napoleon Drilling Detail

Napoleon drilling continues to highlight one long continuous panel of mineralization, now traced over 1,820 metres of total strike length. A higher-grade footprint, developing to the south of discovery hole NP-20-07, is marked by multiple intercepts grading over 1,000 g/t AgEq. Newly reported holes within this area further emphasise a shallowly plunging panel of higher-grade mineralization dipping ~20o to the south.

The higher-grade footprint is a relatively wide, precious metals rich, subzone extending from the original discovery area to the south (Figure 2).  This near-surface higher-grade footprint has an average vein width of 3.9 metres with an uncut, undiliuted weighted average grade of 453 g/t AgEq (148 g/t silver, 2.90 g/t gold, 0.46% lead and 1.4% zinc).  The high-grade footprint currently spans ~1,000 metres along strike to an average depth of 400 metres. However, locally, mineralization has been traced down to 450 metres below surface marked by previously reported hole NP-21-189B.  Mineralization remains open to depth and to the south.

To the north of the original discovery area, towards Papayo, medium grade mineralization is observed to be relatively narrow compared to the higher-grade footprint (1.8 mTw vs 3.9 mTw), extending to the far north of Napoleon (Figure 1).  In total, the greater Napoleon Vein resource area, including the higher-grade footprint, now covers an area ~1,820 metres long by 300 meters deep with an average vein width of 3.36 metres and an uncut, undiltuted weighted average grade of 421 g/t AgEq (142 g/t silver, 2.62 g/t gold, 0.46% lead and 1.39% zinc). The greater Napoleon Vein ore density is estimated at 2.72 tonnes/cubic metre based from results of 49 samples analysed.

Complete table of Napoleon Resource Area Intersections

Drillhole

From

To

Estimated true width

Gold

Silver

Lead

Zinc

Silver Equivalent

Zone

(m)

(m)

(m)

(g/t)

(g/t)

(%)

(%)

(g/t)

NP-21-165

25.50

26.55

0.82

4.00

9

0.02

0.04

383

OdA

NP-21-166

No Significant value

OdA

NP-21-168

292.25

306.25

5.76

0.81

56

0.84

2.55

206

 

NP-21-169

No Significant value

 

NP-21-171

123.55

125.05

1.21

2.25

26

0.00

0.00

234

OdA

NP-21-174

162.50

163.50

0.72

0.19

156

0.06

0.32

173

OdA

NP-21-177

No Significant value

OdA

NP-21-178

228.15

241.25

10.69

1.21

220

0.41

0.77

347

 

Incl.

237.00

241.25

3.47

2.81

469

0.66

1.17

746

 

NP-21-180

240.65

242.45

1.74

0.29

206

0.01

0.04

222

OdA

NP-21-181

462.00

463.10

0.74

1.72

9

0.21

0.26

179

 

NP-21-182

No Significant value

 

NP-21-184

358.85

363.25

1.63

2.69

33.6

0.19

2.16

337

 

NP-21-185

50.00

52.85

2.52

0.54

156

0.16

0.29

207

OdA

NP-21-187

394.40

397.20

1.80

0.37

15

0.09

3.15

124

 

NP-21-188

No Significant value

 

NP-21-189B

591.00

597.00

3.21

0.40

20

0.45

2.74

129

Papayo

NP-21-191

545.20

547.90

0.80

0.29

148

0.25

3.44

251

 

NP-21-192A

143.60

145.50

1.14

4.75

128

1.20

2.53

650

Papayo

NP-21-193

71.45

73.60

1.06

0.44

60

0.08

0.15

103

 

NP-21-194

113.65

114.30

0.39

7.76

286

1.68

3.42

1,110

Papayo

NP-21-198

85.25

88.50

2.90

0.76

210

2.22

1.84

362

Papayo

Table 1:           Drillhole intersections from the Napoleon Vein Resource area not previously reported.

Note: All numbers are rounded.  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 oz silver, $1,700 oz 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.

Drill Collar Information

Prospect

Drillhole

Easting

Northing

Elevation

Dip

Azimuth

Hole Depth

Napoleon

NP-21-165

403,634

2,586,038

407

-42.0

268.0

121.0

NP-21-166

403,634

2,586,038

407

-62.0

268.0

160.5

 

NP-21-168

403,502

2,586,975

426

-66.5

260.5

351.9

 

NP-21-169

403,648

2,586,135

397

-65.0

270.0

223.5

 

NP-21-171

403,630

2,586,198

403

-40.0

290.0

176.6

 

NP-21-174

403,630

2,586,199

402

-55.5

283.0

215.0

 

NP-21-177

403,630

2,586,199

403

-65.0

283.0

260.0

 

NP-21-178

403,497

2,587,577

486

-40.4

272.7

294.0

 

NP-21-180

403,698

2,586,196

410

-62.0

283.0

360.0

 

NP-21-181

403,636

2,586,957

478

-59.0

261.5

516.0

 

NP-21-182

403,497

2,587,577

486

-49.9

272.0

300.9

 

NP-21-184

403,572

2,587,015

449

-61.0

267.0

420.0

 

NP-21-185

403,556

2,586,310

416

-41.0

270.0

111.0

 

NP-21-187

403,711

2,586,773

445

-49.0

255.0

498.0

 

NP-21-188

403,421

2,588,099

575

-47.5

266.0

294.8

 

NP-21-189B

403,763

2,587,027

488

-51.0

267.0

642.0

 

NP-21-191

403,711

2,586,773

445

-55.0

266.0

595.5

 

NP-21-192A

403,246

2,588,229

515

-68.5

274.0

300.0

 

NP-21-193

403,224

2,588,171

524

-56.0

268.4

298.5

 

NP-21-194

403,246

2,588,229

515

-60.0

312.0

201.0

 

NP-21-198

403,327

2,587,986

548

-37.0

244.0

168.0

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

 

About the Panuco project

The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 6,754.1-hectare, past producing district benefits from over 75 kilometres of total vein extent, a 500 ton per day mill, 35 kilometres 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.

Note: Two new claims have been acquired adding 149.9 hectares of new area. 4,103.5 hectares previously reported as part of the Panuco project have been removed from the total hectares due to 4 claims being located at a significant distance from the project. These hectares remain as 100% owned by Vizsla Silver.

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 Company’s quality assurance / quality control protocol.

Qualified Person

The Company’s disclosure of technical or scientific information in this press release has been reviewed and approved by Martin Dupuis, P.Geo., Vice President of Technical Services for Vizsla Silver. Mr. Dupuis 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: [email protected] 

Website: www.vizslasilvercorp.ca  

In Europe:

Swiss Resource Capital AG

Jochen Staiger

[email protected]

www.resource-capital.ch

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.

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain “Forward‐Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward‐looking 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 forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: the development of Panuco, including drilling programs and mobilization of drill rigs; future mineral exploration, development and production; and completion of a maiden drilling program.

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