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Bullboard - Stock Discussion Forum Vizsla Silver Corp T.VZLA

Alternate Symbol(s):  VZLA

Vizsla Silver Corp. is a Canada-based mineral exploration and development company. The Company is focused on advancing its flagship, 100%-owned Panuco silver-gold project. The Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlan. The 7,189.5-hectare, past producing district benefits from over 86 kilometres of total vein... see more

TSX:VZLA - Post Discussion

Vizsla Silver Corp > March 1st vs. Feb 28th estimates...
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Post by zack50 on Mar 01, 2022 8:49pm

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.”
Comment by bruloil on Mar 01, 2022 10:56pm
What a coincidence, nobody knew this a few weeks ago when the price was tangling! That the Canadian market! What a pity.
Comment by bruloil on Mar 04, 2022 8:02am
Stock market value is strongly linked to confidence and trust. Vzla's management had shown that they did not deserve those two terms and it  explained the destruction value. Those guys are overwhelmed with options and they don't really care. That is my point of view so I happily  cleared at the opening last Wednesday my position in VZLA and VCU as well.
Comment by Oilminerdeluxe on Mar 04, 2022 8:32am
That EM survey could bring so much future value as time progresses, it might be hard to comprehend. Listening to the CC, I get the feeling they will have very strong drill data update in the coming few weeks. then we begin the journey to the next 100 m oz. It's below $4 value per ounce. I can't fathiom that being expensive since it is high grade stuff and open in all directions. This WILL ...more  
Comment by zack50 on Mar 04, 2022 11:12am
Oilminer... Right on! This project will GROW!!
Comment by severeanalysts on Mar 01, 2022 11:18pm
THANKS FOR THE CHRON0LOGY and for the short time they put these resorces together, VERY FEW companies havw done this And we willl likely double this in 4 to 6 months Also 9 drills are turing and its been 5 to 6 weeks sincw we have nw dd results so it does not surprise us at all of the brand new ddh rumors are now going to come fast
Comment by Paray99 on Mar 02, 2022 8:20am
Given that most of the reported grades and resources changed from Feb 28th, it looks like someone accidentally included the figures from yet to release drill results.... It is all telling me that more Good news in the pipeline!  
Comment by MightyPoPo on Mar 02, 2022 8:39am
That is interesting...
Comment by luke1234 on Mar 02, 2022 10:26am
I mean, this was just terrible… almost no one expected more than 100 Moz AgEq and now, with a 107 Moz AgEq resource estimate, the share price is down 8 %. In addition, yesterday’s trading day was lost when one could assume that at least 5 % would probably have been gained by the share price only because POS skyrocketed. 
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