Vizsla Silver Announced High-Grade Silver Continuity at Copala
The Canadian mining company Vislza Silver announced the drilling results from 14 infill holes that targeted the Copala resource area at its 100%-owned flagship Panuco silver-gold project. The reports correspond to infill drilling in the southeast-central portion of the Copala structure, demonstrating high-grade precious metals continuity within the Copala resource wireframe.
“Ongoing drilling at Copala continues to demonstrate exceptional continuity of high-grade mineralization,” commented Michael Konnert, President and CEO, Viszla Silver.
Among the main highlights of the drilling program was hole CS-22-246, featuring 1,548g/t of silver equivalent over 15,000m true width. Moreover, CS-22-248 returned 787 g/t AgEq over 20.60m true width.
“The recently completed infill-drilling program serves to incrementally de-risk the local resource through tighter spaced drilling and provides representative sample material for metallurgical testing. Furthermore, recently announced step-out drilling beyond the resource wireframe, continues to highlight Copala’s near-term growth potential. We currently have three drill rigs targeting the Copala/Cristiano area, where near-surface, high-grade mineralization remains open laterally and at depth,” added Konnert.
The Copala Structure is located in the western portion of the Panuco district, situated 800m to the east of the Napoleon structure. Copala hosts Indicated Resources of 51.1 million oz AgEq at 516g/t AgEq and Inferred Resources of 55.4 million oz AgEq at 617g/t AgEq within a broad envelope of vein-breccia interlayered with host rock, up to 82m thick.
Furthermore, high-grade silver-gold mineralization at Copala remains open laterally to the north and southeast, as well as down dip to the east. The company reported that the recently completed infill-drilling program consisted of 25 holes drilled at 25m centers designed to assess grade continuity and to provide sample material for metallurgical tests. In addition, it confirmed that the infill holes CS-22-241, CS-22-246, CS-22-248 and CS-22-251 have strong continuity of structures and high grades at tighter drill-hole spacing.
The recently consolidated Panuco silver-gold project is in Sinaloa, Mexico and has 6,761ha of past-producing district benefits from over 86km of total vein extent, 35km of underground mines, roads, power and permits. Moreover, the Panuco project hosts an estimated in-situ indicated mineral resource of 104.8 million oz AgEq and an in-situ inferred resource of 114.1 million oz AgEq. The property has a long mining history: its first silver production occurred in the 16th century and it has been in production intermittently ever since. The project has more than 20 veins, of which several have demonstrated high silver and gold grades. Konnert told MBN that the Panuco project is the consolidation of a district-scale land package, comparable in size and geology to First Majestic’s San Dimas mine.