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Vizsla finds a new vein at Panuco

Vizsla Silver has discovered a new vein at its flagship Panuco silver-gold project in Mexico with several high-grade intercepts that include 3,513g/t silver-equivalent over 2.65 metres.
Vizsla finds a new vein at Panuco Vizsla finds a new vein at Panuco Vizsla finds a new vein at Panuco Vizsla finds a new vein at Panuco Vizsla finds a new vein at Panuco

Vizsla's Panuco

The intercepts were the results from 10 new drill holes targeting the Tajitos-Copala resource area.

Other highlights included:

  • 1,013g/t AgEq over 4.20 metres (713g/t silver and 3.76g/t gold)
  • 3,286g/t AgEq over 1.70 metres (2,400g/t silver and 11.08g/t gold)
  • 1,671g/t AgEq over 1.50 metres (1,140g/t silver and 6.65g/t gold)

"Tajitos and Copala continue to be a major focus for near-term resource expansion at Panuco," Vizsla's president and CEO Michael Konnert said.

"This newly discovered vein was not included in the March 2022 resource estimate," Konnert said.

He noted that Vizsla currently has three rigs targeting the Tajitos-Copala area.

Canaccord Genuity Capital Markets analyst Kevin MacKenzie said: "The discovery of yet another high-grade vein within the Panuco project serves to underscore the overall perspectivity of the project, and the potential to discover additional blind vein-sets".

Panuco's maiden resource estimate included indicated mineral resources of 6.9 million tonnes grading 370g/t AgEq, including 81.6 million oz AgEq. And inferred mineral resources of 5.3 million oz AgEq.

The inferred mineral resources were estimated at 334g/t AgEq and included 56.9 million oz AgEq.

Vizsla had a share price of C$1.96 (US$1.53) on May 19, giving the company a market capitalization of C$288.07 million.