Vizsla Releases Initial Silver Equivalent Resource Estimate of 139 Moz for Panuco, Expects Further Growth
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(Kitco News) – Vizsla Silver (TSX-V: VZLA) today announced an initial mineral resource estimate for its flagship, wholly-owned Panuco silver-gold project located in Sinaloa, Mexico.
According to the company’s press release, Panuco’s indicated mineral resources are estimated at 33.2 million ounces of silver, 362.6 thousand ounces of gold, 18 kilotonnes of lead and 36 kilotonnes of zinc, or 81.6 million ounces of silver equivalent.
Inferred mineral resources are estimated at 26.6 million ounces of silver, 256.5 thousand ounces of gold, 8.5 kilotonnes of lead and 18.8 kilotonnes of zinc, or 56.9 million silver equivalent ounces.
“This first resource estimate is a major milestone for Vizsla Silver,” commented Michael Konnert, President and CEO of Vizsla Silver. “This makes Panuco a very high quality silver and gold district given its rare combination of size, grade and width, with significant room for growth. Every vein included in the resource estimate remains open to expansion.
Looking ahead, the company plans to update this inaugural resource in the second half of 2022 based on its ongoing 120,000 meter infill/discovery drilling program.
The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 6,754 hectare former production district benefits from over 75 kilometers of total seam extent, a 500 ton per day mill, 35 kilometers of underground mines, tailings ponds, roads, electricity and permits.
The district contains intermediate to low sulphidation epithermal silver and gold deposits related to Oligocene and Miocene siliceous volcanism and crustal extension. The host rocks are mainly continental volcanic rocks correlated with the Tarahumara Formation.
Vizsla Silver is a Canadian-based mining exploration and development company based in Vancouver, British Columbia, focused on advancing its flagship, wholly-owned Panuco silver-gold project located in Sinaloa, Utah. Mexico.
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