22:52:41 EDT Tue 26 May 2020
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or Name

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Vizsla Resources Corp
Symbol VZLA
Shares Issued 58,825,348
Close 2020-05-20 C$ 0.495
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Vizsla Resources to restart drilling at Panuco

2020-05-21 12:05 ET - News Release

Mr. Michael Konnert reports


Vizsla Resources Corp. has remobilized exploration staff to the Panuco project to restart exploration and recommence the company's maiden 14,500-metre drill program. Exploration was halted in response to the Mexican federal government's mandate that all non-essential businesses temporarily suspend operations due to the COVID-19 pandemic.

Chief executive officer Michael Konnert stated: "Vizsla is excited to get back to safely restarting our exploration program and test beneath the high-grade results sampled on the Cordon del Oro and Napoleon veins. With the exploration period of the company's options on the project extended into 2022 and new high-grade targets for drilling, Vizsla is in the best shape yet to capitalize on the underexplored district opportunity at the Panuco project."

Vizsla has updated and expanded its COVID-19 health and safety protocols to incorporate the Ministry of Health recommendations and is working with its contractors and the local community to meet mandated guidelines and reporting protocols required for work to restart. The company will initially restart with a small crew and a single drill rig and undertake a phased ramp-up to include mapping teams and a second drill rig in June should conditions remain safe to do so.

Vizsla has tested only five of the initially identified 20 targets and will continue with two drill rigs to ensure the remaining 10,861 metres of planned drilling are completed in the 2020 calendar year.

About the Panuco project

Vizsla has an option to acquire 100 per cent of the newly consolidated 9,386.5-hectare Panuco district in southern Sinaloa, Mexico, near the city of Mazatlan. The option allows for the acquisition of over 75 kilometres of total vein extent, a 500-tonne-per-day mill, 35 kilometres of underground mines, tailings facilities, roads, power and permits.

The district contains intermediate to low-sulphidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara formation.

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