Business
Vizsla Silver Provides Update on Progress at Panuco and Outlines Key Objectives
VANCOUVER, BC, Aug. 19, 2021 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to provide a projec
About this update from Vizsla Silver Corp.
[{"type":"text","content":" VANCOUVER, BC, Aug. 19, 2021 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) (\"Vizsla\" or the \"Company\") is pleased to provide a project update for its flagship Panuco silver-gold property (the \"Property\") located in Sinaloa, Mexico and outline key near-term objectives. Summary: On-site work programs to remain suspended through August with phased restart planned for September 1st Upon restart, to continue +100,000 metre fully funded resource/discovery-based drill program with ten drill rigs Resource drilling at Napoleon and Tajitos is focused on a combined resource target area approximately 1,500 metres long by 350 metres deep Vizsla intends to report a maiden project resource by the end of Q1/2022 centered on the Napoleon and Tajitos veins Major respective updates for Napoleon and Tajitos resource drilling planned for September Preliminary metallurgical testing on representative samples from Napoleon underway, testwork results anticipated in Q4 Exploration drills continue to test zones proximal to the resource target areas as well as other high-priority regional targets The Company is preparing for property-wide electromagnetic (EM) and airborne magnetic surveys in late 2021 once the wet season has ended Current cash position of C$57M following the exercise of the property options to own 100% of Panuco as announced on July 21, 2021 Vizsla President and CEO, Michael Konnert, commented: \"Although we're eager to resume drilling, the health and safety of our employees and our communities is paramount. While drilling activities have been suspended, our technical team has used this unplanned downtime to refine our geologic model, identify critical path milestones and improve targeting strategies for the remainder of the year. We are very encouraged by the results we've received to date from our resource drilling, which has confirmed the continuity of high-grade mineralization over potentially minable widths. Pending ongoing drilling success, Vizsla aims to complete a maiden resource estimate in the first quarter of 2022. Beyond the resource target area, we continue to see considerable upside in this historic mining district highlighted by recent geophysics, regional mapping and drilling\" COVID Response and Planned Restart of Work Programs As COVID cases in southern Sinaloa continue to pose a sig...