Vizsla Silver Corp T.VZLA

Indicated & Inferred vs. Measured...

[zack50]

Well, today's release certainly provided the uptick that I expected. What I didn't expect was the fact that the share price retraced itself, only to finished lower than it closed yesterday. Certainly the number of shares traded was in excess of 10x the average volume and I see that the opening for tomorrow looks to be positve.

Just wondering if it eventually had something to do with the terminology used in the PR with regard to the increase in resources at the Panuco project, compared to the 03-22 maiden estimate. The updated estimate outlined a 71% increase in indicated resources to 104.8Moz of Ag/eq, as well as a 150% increase in inferred resources to 114.1Moz of Ag/eq.

The majority, if not all, of my mining sector holdings show another category... an indication of measured resource. It is my understanding that mineral resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. The Inferred MR has a lower level of confidence than that applied to an Indicated MR, with the highest level of confidence being given to a Measured MR.

Vizsla Silver is still a junior exploration company... and as I understand the terms, inferred and indicated mineral resources are not major proven mineral reserves which have economic viability... that's a major difference.

[Paray99]

That was bit crazyyy... but just watch it tomorrow...

[Oilminerdeluxe]

Silver and gold down quite a bit today. What a S-how. Sickening that great progress gets rewarded with Nada. Don't forget to watch the webinar later today. Might be worth it, 60 minutes of great stuff I suspect. Sharpen your questions.

[kkkrrr]

Measured+Indicated    and inferred resources ;) and later ofter more infill drilling yup get proven+problable RESERVES  ..but i don't think this is the problem here...  its only sell on news...

[gossamer18]

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