VIZSLA SILVER DISCOVERS NEW VEIN WITHIN THE NAPOLEON CORRIDOR INTERSECTING 1,169 G/T AGEQ OVER 3.2 METRES AT PANUCO Vancouver, British Columbia (March 17, 2022) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to report results from five new drill holes targeting the Cruz Negra Vein, located 250 metres west of the Napoleon resource area, at its 100%-owned, flagship Panuco silver-gold project ("Panuco" or the "Project") located in Mexico. The results are a part of Vizsla’s ongoing, fully funded 120,000-meter resource/discovery-based drill program. Highlights - NP-21-236 returned 1,169 grams per tonne (g/t) silver equivalent (AgEq) over 3.2 metres downhole (mDH) (160 g/t silver, 10.4 g/t gold, 0.55 % lead and 4.30 % zinc), including;
- 1,779 g/t AgEq over 1.1 mDH (256 g/t silver, 14.80 g/t gold, 0.98 % lead and 8.27 % zinc)
- NP-21-232 returned 1,889 g/t AgEq over 1.7 mDH (1,066 g/t silver, 9.85 g/t gold, 0.40 % lead and 0.66 % zinc) including;
- 3,098 g/t AgEq over 0.9 mDH (1,825 g/t silver, 15.45 g/t gold, 0.48 % Pb and 0.65 % Zn)
- NP-21-146B returned 3,499 g/t AgEq over 0.7 mDH (1,795 g/t silver, 21.00 g/t gold, 0.23 % lead and 0.50 % zinc)
- Results are from five of nine completed drill holes at Cruz Negra that define a mineralized zone approximately 180 long by 240 metres deep, which remains open in all directions
“One of the most exciting aspects of Panuco is the tremendous growth potential remaining in the district,” commented Michael Konnert, President, and CEO. “Today’s results highlight this with a new high-grade discovery, Cruz Negra, which is associated with the Josephine Vein in the Napoleon Corridor. Of note is the particularly high gold grades intersected to date at Cruz Negra. The Company now has eleven rigs on site, increasing to twelve by end of next week, with an equal split of resource expansion and new exploration drilling. This fits with our 2022 strategy of defining the full extent of mineralization in and around the initial resource areas while simultaneously beginning to unlock the full district endowment.” About the Cruz Negra Vein results In mid-2020, the Company undertook an electromagnetic survey that led to the discovery of the Josephine Vein located ~120 metres to the west of the Napoleon Vein. To date, drilling along Josephine has defined two zones of mineralization that currently contribute 3.0Moz AgEq of indicated and 3.5Moz AgEq inferred to the Project’s maiden resource estimate. A technical report is being prepared in accordance with National Instrument 43-101 (“NI-43-101”) and will be available on the Company’s website and SEDAR within 30 days of the date of the Company’s March 1, 2022 news release announcing the resource estimate. | |