Business
Vizsla Silver Announces Major Mineral Resource Update for Panuco Silver-Gold Project Driven by Significant Growth at Copala Vein
VANCOUVER, BC, Jan. 24, 2023 /CNW/ - Vizsla Silver Corp. (NYSE: VZLA) (TSXV: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") is pleased to announce an
About this update from Vizsla Silver Corp.
[{"type":"text","content":" VANCOUVER, BC, Jan. 24, 2023 /CNW/ - Vizsla Silver Corp. (NYSE: VZLA) (TSXV: VZLA) (Frankfurt: 0G3) (\"Vizsla Silver\" or the \"Company\") is pleased to announce an updated mineral resource estimate (\"Updated Mineral Resource Estimate\") for its flagship, 100% owned Panuco silver-gold project (the \"Project\" or \"Panuco\") located in Sinaloa, Mexico. The Updated Mineral Resource Estimate was completed by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services. Highlights of the Updated Mineral Resource Estimate including comparison to the maiden mineral resource estimate released in March 2022: 71% increase in indicated mineral resources from 61.1 to 104.8 Moz AgEq 150% increase in inferred mineral resources from 45.6 to 114.1 Moz AgEq 14% increase in average indicated mineral resource grade from 383 to 437 g/t AgEq 42% increase in average inferred mineral resource grade from 345 to 491 g/t AgEq Copala Structure Copala indicated mineral resources hosts 51.1 Moz AgEq an increase of 701%, at a grade of 516 g/t AgEq Copala inferred mineral resources hosts 55.4 Moz AgEq an increase of 198%, at a grade of 617 g/t AgEq Copala wireframe averages 10m in thickness Key Statistics 93% of the value of the Updated Mineral Resource Estimate is comprised of precious metals, including 59% from silver A total of 10 epithermal veins were included in the Updated Mineral Resource Estimate, representing ~10% of the known vein strike in the district Total all-in exploration cost of US$0.19/oz AgEq discovered (US$0.15/oz AgEq discovered since March 2022) Indicated Mineral Resources are estimated at 7.5 million tonnes (\"Mt\") grading 243 grams per tonne (\"g/t\") silver, 2.12 g/t gold, 0.23% lead, and 0.71% zinc (437 g/t silver equivalent (\"AgEq\")). The Updated Mineral Resource Estimate includes indicated mineral resources of 58.3 million ounces (\"Moz\") of silver, 508 thousand ounces (\"koz\") of gold, 17.0 kilo tonnes (\"kt\") of lead, and 53.3 kt of zinc (104.8 Moz AgEq). Inferred Mineral Resources are estimated at 7.2 Mt grading 304 g/t silver, 2.14 g/t gold, 0.19% lead, and 0.54% zinc (491 g/t AgEq). The Updated Mineral Resource Estimate includes inferred mineral resources of 70.7 Moz of silver, 496 koz of gold, 13.6 kt of lead, and 39.3 kt of zinc (114.1 Moz AgEq). The Updated Mineral Resource Estimate is centred on the western...