March 1st vs. Feb 28th estimates...I thought this might be helpful for anyone wishing to compare the estimates put out on Feb 28th vs. the revised estimate of March 1st. In both cases the Resource Estimate is based on a total drill database of 445 holes (124,915 meters) completed by Vizsla between November 2019 and December 2021. March 1st: Indicated Mineral Resources are estimated at 5.0 million tonnes (“Mt”) grading 191 grams per tonne (“g/t”) silver, 2.08 g/t gold, 0.26 % lead, and 0.50 % zinc (383 g/t silver equivalent (“AgEq”)). The Resource Estimate includes indicated resources of 30.5 million ounces (“Moz”) of silver, 331.1 thousand ounces (“koz”) of gold, 13 kilo tonnes (“kt”) of lead, and 24.6 kt of zinc (61.1 Moz AgEq).
Feb 28th: Indicated Mineral Resources are estimated at 6.9 million tonnes (“Mt”) grading 150 grams per tonne
(“g/t”) silver, 1.64 g/t gold, 0.27 % lead, and 0.53 % zinc (370 g/t silver equivalent (“AgEq”)). The Resource
Estimate includes indicated resources of 33.2 million ounces (“Moz”) of silver, 362.6 thousand ounces
(“koz”) of gold, 18 kilo tonnes (“kt”) of lead, and 36 kt of zinc (81.6 Moz AgEq).
March 1: Inferred Mineral Resources are estimated at 4.1 Mt grading 187 g/t silver, 1.79 g/t gold, 0.13 % lead, and 0.30 % zinc (345 g/t AgEq). The Resource Estimate includes inferred resource of 24.7 Moz of silver, 235.8 koz of gold, 5.3 kt of lead, and 12.4 kt of zinc (45.6 Moz AgEq). Feb 28: Inferred Mineral Resources are estimated at 5.3 Mt grading 156 g/t silver, 1.51 g/t gold, 0.16 % lead, and
0.35 % zinc (334 g/t AgEq). The Resource Estimate includes inferred resource of 26.6 Moz of silver, 256.5
koz of gold, 8.5 kt of lead, and 18.8 kt of zinc (56.9 Moz AgEq).
March 1: “This maiden resource estimate is a major milestone for Vizsla Silver,” commented Michael Konnert. “It establishes Panuco as an extremely high-quality silver and gold district given its rare combination of size, grade and width, with significant room for growth. Every vein included in the resource estimate remains open for expansion. The grade tonnage curve demonstrates the deposit is relativity insensitive to higher cut-offs and within the Napoleon Vein, a high-grade subzone of 13.3 million ounces grading 648 g/t AgEq, named Gallinero, has been delineated. The resource comes only 18 months from the initial discovery at a total all-in exploration cost of US$0.23 per ounce. Looking ahead, the Company plans to update this maiden resource in the second half of 2022 on the back of its ongoing 120,000 metre infill/discovery-based drill program. I would like to thank the entire Vizsla Silver team, including our contractors and local communities, for their commitment and contribution to this achievement.”
Feb 28: “This maiden resource estimate is a major milestone for Vizsla Silver,” commented Michael Konnert,
President and CEO of Vizsla Silver. “It establishes Panuco as an extremely high-quality silver and gold
district given its rare combination of size, grade and width, with significant room for growth. Every vein
included in the resource estimate remains open for expansion. The grade tonnage curve demonstrates the
deposit is relativity insensitive to higher cut-offs and within the Napoleon Vein, a high-grade subzone of
15.1 million ounces grading 702 g/t AgEq, named Gallinero, has been delineated. The resource comes only
18 months from the initial discovery at a total all-in exploration cost of US$0.18 per ounce. Looking ahead,
the Company plans to update this maiden resource in the second half of 2022 on the back of its ongoing
120,000 metre infill/discovery-based drill program. I would like to thank the entire Vizsla Silver team,
including our contractors and local communities, for their commitment and contribution to this
achievement.”