Vizsla Silver significantly increases resources at its Panuco silver-gold project
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(Kitco News) - Vizsla Silver (NYSE: VZLA) (TSX-V: VZLA) yesterday announced an updated mineral resource estimate for its flagship, 100% owned Panuco silver-gold project located in Sinaloa, Mexico.
The company reported a 71% increase in indicated mineral resources from 61.1 to 104.8 Moz AgEq in comparison to the maiden mineral resource estimate released in March 2022, and 150% increase in inferred mineral resources from 45.6 to 114.1 Moz AgEq.
The company said that "most impressive" is the material growth to the precious metals-rich Copala structure, with indicated mineral resources amounted to 51.1 Moz AgEq, an increase of 701%, at a grade of 516 g/t AgEq; while Copala inferred mineral resources amounted to 55.4 Moz AgEq, an increase of 198%, at a grade of 617 g/t AgEq.
The company noted that a total of 10 epithermal veins were included in the updated mineral resource estimate, representing ~10% of the known vein strike in the district, adding that total all-in exploration cost amounted to US$0.19/oz AgEq discovered (US$0.15/oz AgEq discovered since March 2022).
Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico.
To date, Vizsla Silver has completed over 250,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins.
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