04:34:19 EDT Sun 09 Aug 2020
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Vizsla Resources Corp
Symbol VZLA
Shares Issued 72,047,474
Close 2020-07-28 C$ 2.24
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Vizsla adds fourth drill rig at Panuco

2020-07-29 09:39 ET - News Release

Mr. Michael Konnert reports


Vizsla Resources Corp. has commenced drilling with a fourth drill rig at the Panuco silver-gold project in Sinaloa, Mexico.

Chief executive officer Michael Konnert stated: "Vizsla is moving quickly to add exploration capacity at Panuco. The discovery on the Napoleon vein made it imperative that we mobilize another rig to the discovery site. The fourth drill provides the capability needed to test new targets on the Napoleon, Cordon del Oro and Animas vein corridors."

With Maza Drilling, the company's drilling provider, mobilizing a second man-portable drill rig, the company now has two track-mounted rigs and two portable rigs in operation. This facilitates a combination of both rapid new-target testing and deeper drilling where access to drill pads from roads is more difficult.

Drilling at Napoleon since the news release dated July 8, 2020, has continued to focus on the area around the discovery hole, NP-20-02. Follow-up hole NP-20-15 has just been completed. The new drill rig will test extensions of the vein near high-grade hole NP-20-07. New drill pads have been completed to allow optimum drill hole orientations for testing the vein below the current drill depths.

Drilling continues at Cordon del Oro with hole CO-20-05 in progress and two holes have been completed at the San Carlos mine along the Animas trend.

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-ton-per-day mill, 35 km 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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