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VIZSLA SILVER DRILLS 1,030 G/T AGEQ OVER 20.45 METRES AT COPALA - EXPANDS MINERALIZED ZONE TO 600M BY 400M
Source: PR Newswire (Canada)
VANCOUVER, BC, June 21, 2022 /CNW/ - Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to report results from 24 new drill holes targeting the Tajitos - Copala resource area in the western portion of its 100%-owned, flagship Panuco silver-gold project ("Panuco" or the "Project") located in Mexico. The results are exclusively for the Copala structure and expand the high-grade mineralized footprint to 600 metres along strike by 400 metres down dip.
Highlights
CS-22-169 returned 1,030 grams per tonne (g/t) silver equivalent (AgEq) over 20.45 metres true width (mTW) (780 g/t silver and 4.23 g/t gold)
Includes 2,727 g/t AgEq over 1.21 mTW (2,230 g/t silver and 9.08 g/t gold)
And 9,880 g/t AgEq over 0.85 mTW (7,900 g/t silver and 35.20 g/t gold)
CS-22-155 returned 900 g/t AgEq over 14.50 mTW (667 g/t silver and 3.89 g/t gold)
CS-22-154 returned 1,331 g/t AgEq over 9.35 mTW (1,010 g/t silver and 5.44 g/t gold)
Includes 4,579 g/t AgEq over 1.30 mTW (3,548 g/t silver and 17.78 g/t gold)
CS-22-164 returned 1,242 g/t AgEq over 4.40 mTW (802 g/t silver and 6.89 g/t gold)
CS-22-160 returned 2,007 g/t AgEq over 3.40 mTW (1,642 g/t silver and 6.67 g/t gold)
"The Copala Vein continues to exceed our expectations, delivering excellent precious metal grades over very large widths," commented Michael Konnert, President and CEO. "When we first discovered the Copala Vein in late 2021, we knew we were on to something special given the well developed, near surface mineral continuity. At the time of the maiden resource, eight drill holes from Copala contributed 6.4Moz AgEq of indicated and 18.6Moz AgEq of inferred1. We have now reported 46 holes from Copala, effectively expanding the mineralized footprint to 600m along strike by 400m down dip with drill intercepts showing mineralization remains open in all directions. We continue to target the Copala area with three rigs and view this portion of the district as a major focus for resource expansion ahead of the Resource Update planned for Q4 of this year."
1 See details of mineral resource estimate in the "About Panuco Project" section, below.
Figure 1: Plan map of recent drilling centered on the Copala vein. (CNW Group/Vizsla Silver Corp.)
The Copala Vein is a shallow dipping structure located at the northern extent and on the hangingwall side of the Tajitos structure. Copala is marked by high precious metals grades (up to 7,900 g/t silver and 35.20 g/t gold over 0.85 mTW) hosted within a broader envelope of vein-breccia up to 82 metres thick with local mineralized pockets up to 20.45 mTW averaging 1,030 g/t AgEq (780 g/t silver and 4.23 g/t gold).
Today's reported intercepts expand a NNW-SSE striking high-grade shoot with approximate dimensions of 400 metres along strike and 200 metres down dip. This high-grade zone remains open to the north and down-dip to the east. Ongoing detailed structural-geologic interpretations suggest mineralization continues to the south, beyond the previously reported Cristiano Vein (see press releases dated January 19, 2022 and March 10, 2022), and is a near-term focus for expansion as Vizsla continues to explore this area. The Company currently has three drill rigs targeting the Tajitos – Copala resource area.
The Company is encouraged that the northern sector of the Tajitos – Copala resource area continues to grow, and the intercepts reported here, along with the recent discovery of Copala 2 between Tajitos and Copala (see press release dated May 19, 2022), demonstrates significant potential for additional blind to surface veins in the district. Vizsla is currently negotiating additional land access and has prepared a drill plan to advance the exploration of the Tajitos - Copala area to the north. To further support its 2022 growth initiatives, Vizsla recently completed a district-scale LiDar survey over the main 6,200 ha claim block to aid in geologic-structural mapping, drill-hole planning and geologic modelling.
Figure 2: Plan map of Copala vein with drill-hole pierce points. (CNW Group/Vizsla Silver Corp.)
Figure 3: Cross section showing Copala and Copala 2 veins. (CNW Group/Vizsla Silver Corp.)
Drillhole
From
To
Downhole
Length
Estimated
True width
Ag
Au
AgEq
(m)
(m)
(m)
(m)
(g/t)
(g/t)
(g/t)
CS-22-136
NO SIGNIFICANT VALUES
CS-22-138
93.30
108.75
15.45
10.82
137
0.99
199
Includes
93.30
94.50
1.20
0.84
356
2.10
482
Includes
94.50
96.00
1.50
1.05
316
2.41
467
Includes
108.00
108.75
0.75
0.53
323
1.73
425
CS-22-140
65.30
67.10
1.80
1.40
209
1.34
291
CS-22-143
210.20
227.90
17.70
16.05
147
0.89
201
Includes
210.20
211.10
0.90
0.75
829
5.92
1197
Includes
221.15
223.55
2.40
2.15
1428
7.12
1840
CS-22-144
NO SIGNIFICANT VALUES
CS-22-145
245.15
252.25
7.10
5.20
203
1.41
290
Includes
245.15
246.90
1.80
1.20
669
4.75
964
CS-22-146
NO SIGNIFICANT VALUES
CS-22-147
285.65
300.00
14.35
12.40
68
0.52
101
Includes
292.75
293.85
1.10
0.95
207
2.54
375
CS-22-148
265.10
267.00
1.90
1.75
94
0.78
144
CS-22-150
304.50
310.45
5.95
4.50
156
0.86
207
Includes
307.05
309.00
1.95
1.60
428
1.90
535
CS-22-151
NO SIGNIFICANT VALUES
CS-22-152
248.90
258.00
9.10
7.30
152
0.74
195
Includes
255.35
258.00
2.65
2.00
286
1.65
385
CS-22-153
148.50
182.50
34.00
30.50
97
0.87
153
Includes
177.30
178.80
1.50
1.35
427
2.55
581
Includes
178.80
180.00
1.20
1.08
361
2.58
521
Includes
180.00
181.50
1.50
1.35
518
2.13
635
CS-22-154
124.45
136.50
12.05
9.35
1010
5.44
1331
Includes
124.45
126.10
1.65
1.30
3548
17.78
4579
Includes
133.00
136.50
3.50
2.85
1442
8.54
1956
CS-22-155
159.00
174.35
15.35
14.50
667
3.89
900
Includes
166.10
167.60
1.50
1.45
2480
12.70
3220
Includes
170.20
174.35
4.15
4.05
1057
5.37
1369
CS-22-157
83.00
106.60
23.60
16.10
139
1.07
206
Includes
103.50
104.75
1.25
0.85
475
4.64
776
Includes
104.75
106.25
1.50
1.02
1135
8.10
1638
CS-22-158
142.50
145.50
3.00
2.30
800
7.77
1303
CS-22-160
189.10
192.90
3.80
3.40
1642
6.67
2007
Includes
189.70
190.75
1.05
0.95
3190
11.40
3787
Includes
191.60
192.15
0.55
0.50
3730
15.40
4577
CS-22-161
128.60
133.90
5.30
4.35
398
3.41
616
Includes
129.55
130.50
0.95
0.65
856
10.10
1523
Includes
133.35
133.90
0.55
0.35
1090
3.77
1285
CS-22-162
190.80
193.65
2.85
2.65
298
2.87
484
CS-22-164
157.50
164.95
7.45
4.40
802
6.89
1242
Includes
162.10
162.90
0.80
0.47
2910
38.70
5491
Includes
162.90
164.15
1.25
0.74
1055
5.88
1404
Includes
164.15
164.95
0.80
0.47
1150
4.37
1384
CS-22-166
NO SIGNIFICANT VALUES
CS-22-167
NO SIGNIFICANT VALUES
CS-22-169
162.95
188.35
25.40
20.45
780
4.23
1030
Includes
179.55
180.30
0.75
0.60
4610
20.20
5741
Includes
180.60
182.10
1.50
1.21
2230
9.08
2727
Includes
185.70
186.45
0.75
0.60
1765
14.00
2649
Includes
186.45
187.50
1.05
0.85
7900
35.20
9880
Table 1: Downhole drill intersections from the holes reported for the new splay vein at the foot wall of Copala. Holes CS-21-90 and CS-21-94 drilled in 2021 were previously reported in press release dated January 19, 2022. Note: AgEq = Ag g/t x Ag rec. + (Au g/t x Au Rec x Au price/gram)/Ag price/gram. Metal price assumptions are $20.70/oz silver and $1,655/oz gold and metallurgical recoveries assumed are 93% for silver and 90% for gold. Gold and silver metallurgical recoveries used in this release were estimated for the Napoleon vein (see press release dated February 17, 2022).
Note: AgEq = Ag g/t x Ag rec. + (Au g/t x Au Rec x Au price/gram)/Ag price/gram. Metal price assumptions are $20.70/oz silver and $1,655/oz gold and metallurgical recoveries assumed are 93% for silver and 90% for gold. Gold and silver metallurgical recoveries used in this release were estimated for the Napoleon vein (see press release dated February 17, 2022).
Drillhole
Easting
Northing
Elevation
Azimuth
Dip
Depth
CS-22-136
404,528
2,587,186
558
306x
-59.8
207.0
CS-22-138
404,614
2,587,059
550
320
-64.1
258.0
CS-22-140
404,482
2,587,236
554
275
-65.9
255.0
CS-22-143
404,740
2,587,166
555
292
-54.4
298.5
CS-22-144
404,858
2,587,182
601
268
-66.9
346.3
CS-22-145
404,797
2,587,181
583
302
-54.3
481.5
CS-22-146
404,741
2,587,165
555
287
-72.4
342.0
CS-22-147
404,858
2,587,182
601
294
-53.0
373.5
CS-22-148
404,741
2,587,165
555
254
-84.6
370.5
CS-22-150
404,858
2,587,182
601
309
-62.5
460.5
CS-22-151
404,741
2,587,165
555
74
-84.0
423.0
CS-22-152
404,797
2,587,181
583
321
-51.0
380.0
CS-22-153
404,675
2,587,218
533
328
-63.0
250.5
CS-22-154
404,540
2,587,279
553
306
-43.7
277.5
CS-22-155
404,675
2,587,218
534
317
-46.8
405.0
CS-22-157
404,540
2,587,280
552
317
-65.1
339.0
CS-22-158
404,540
2,587,280
552
349
-49.1
310.5
CS-22-160
404,675
2,587,218
533
333
-40.5
403.5
CS-22-161
404,616
2,587,253
544
307
-45.7
264.0
CS-22-162
404,675
2,587,218
533
346
-53.0
456.0
CS-22-164
404,616
2,587,253
544
328
-39.5
381.0
CS-22-166
404,590
2,587,215
566
279
-68.2
216.0
CS-22-167
404,759
2,587,043
589
301
-66.5
549.0
CS-22-169
404,642
2,587,059
558
292
-77.8
390.0
Table 2: Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.
About the Panuco project
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, past producing district benefits from over 75 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.
The district contains intermediate to low sulfidation 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.
The Panuco Project hosts an estimated in-situ indicated mineral resource of 61.1 Moz AgEq and an in-situ inferred resource of 45.6 Moz AgEq The Technical Report, titled "National Instrument 43-101 Technical Report for the Panuco Project Mineral Resource Estimate Concordia, Sinaloa, Mexico" was filed on SEDAR on April 7, 2022, has an effective date of March 1, 2022 and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") by Tim Maunula, P.Geo., Principal Geologist, T. Maunula & Associates Consulting Inc and Kevin Murray, P.Eng, Manager Process Engineering, Ausenco.
About Vizsla Silver
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 has completed over 140,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2022, Vizsla has budgeted +120,000 metres of resource/discovery-based drilling designed to upgrade and expand the maiden resource, as well as test other high priority targets across the district.
Quality Assurance / Quality Control
Drill core and rock samples were shipped to ALS Limited in Zacatecas, Mexico and in North Vancouver, Canada for sample preparation and for analysis at the ALS laboratory in North Vancouver. The ALS Zacatecas and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption ("AA") spectroscopy finish. Over limit analyses for silver, lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.
Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol.
Qualified Person
In accordance with NI 43-101, Martin Dupuis, P.Geo., COO , is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
Information Concerning Estimates of Mineral Resources
The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). The terms "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" used herein are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the "CIM Definition Standards"), which definitions have been adopted by NI 43-101. Accordingly, information contained herein providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.
You are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC Modernization Rules"), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". Information regarding mineral resources contained or referenced herein may not be comparable to similar information made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be "substantially similar" to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there is no assurance any mineral resources that the Company may report as "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.
Website: www.vizslasilvercorp.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the exploration, development, and production at Panuco, including plans for resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and Vizsla Silver has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Vizsla Silver's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
Vizsla Silver Corp. logo (CNW Group/Vizsla Silver Corp.)
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/vizsla-silver-drills-1-030-gt-ageq-over-20-45-metres-at-copala---expands-mineralized-zone-to-600m-by-400m-301571828.html
SOURCE Vizsla Silver Corp.
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AMC Stock: Long-term Movie Slate adds to the Comeback Reel
Source: TipRanks
Movie theater giant, AMC Entertainment (AMC), has investors looking toward its future. The company's strong movie slate has resulted in a turnaround for the beaten down firm, and is now offering healthy sales growth. The stock has transformed into a potentially attractive investment. AMC enjoyed huge popularity during the meme stock frenzy of 2021. This label proved beneficial for the company, as retail investors gathered on multiple social media forums and bought into the aging movie theater company. Over the first six months of 2021, investors boosted AMC's share price by almost 2,500% before plummeting, as the saga continued.
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PowerTap Participates in California Hydrogen Leadership Summit
Source: GlobeNewswire Inc.
PowerTap Hydrogen Capital Corp (NEO: MOVE) (FWB: 2K6B) (OTC: MOTNF) (“PowerTap” or the “Company” or “MOVE”) is pleased to provide an update on its continued efforts in California and recent participation in the California Hydrogen Leadership Summit (CHLS) in Sacramento, California in early June 2022.
In early June 2022, the California Hydrogen Business Council held the CHLS with PowerTap Hydrogen Fueling Corp. sponsoring, participating and moderating an industry panel. Participation was strong with over 550 registrants, including representatives from the transportation, power and heavy industry sectors, utility companies, and vendors from across and beyond the hydrogen industry. A key audience for the summit was California policy makers and regulators and focused on exploring the policies, programs and incentives needed to accelerate production, use, and storage of hydrogen, essential to California’s ability to meet emissions goals and address climate protection, air quality, energy resilience and sustainable economic growth needs. With a primary intent of educating California policy makers and regulators on the accelerating the hydrogen industry in the state, significant takeaway from the summit was that collaboration between market participants will solidify the hydrogen industry toward complete decarbonization in California and state and federal incentives will enable winners with standout cost effective technology and business models to emerge and make significant strides to establishing the industry.
PowerTap Hydrogen Fueling Corp. President, Salim Rahemtulla, moderated a panel entitled “Building a Hydrogen Fueling Network that Fuels the Gaps in California’s Transportation Decarbonization and Air Quality Goals” that included panelists from Nikola Corporation (NASDAQ: NKLA), Ballard (NASDAQ: BLDP), Chevron (NYSE: CVX) and Trillium (of the Love’s Family of Companies). The discussion points of the panel clearly identified that collaboration is necessary across hydrogen industry verticals from fuel-cell electric truck and bus OEMs to hydrogen producers and fueling station developers.
ABOUT POWERTAP HYDROGEN CAPITAL CORP.
PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. There are currently under 100 operational publicly available hydrogen stations in the United States with most of the existing stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tanker trucks.
www.PowerTapcapital.com
www.PowerTapfuels.com
PowerTap Hydrogen common shares are listed on the NEO Exchange. Please visit the company's profile on the NEO Exchange website at https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth.
Investor Contact:
Tyler Troup
Circadian Group IR
MOVE@circadian-group.com
PowerTap Contact:
Raghu Kilambi
raghu@hydrogenfueling.co
+1 (604) 687-2038
NEITHER THE NEO EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations, and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of PowerTap. Some assumptions include, without limitation, the timing of and likelihood of the success of the zoning application; the timing for the completion of the MHPDU prototype; the availability of the supply of RNG; the global addressable market for hydrogen; the renewable energies sector and the Company’s future plans. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur or be achieved. This press release contains forward-looking statements pertaining to, among other things, the timing and ability of the Company to complete any potential investments or acquisitions, if at all, and the timing thereof. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release.
Although the Company believes that the material factors, expectations, and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.
The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
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IZSLA SILVER DISCOVERS NEW VEIN AT THE NORTHERN END OF TAJITOS INTERSECTING 3,513 G/T AGEQ OVER 2.65 METRES
Source: PR Newswire (Canada)
NYSE: VZLA TSX-V: VZLA
VANCOUVER, BC, May 19, 2022 /CNW/ - Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to report results from 10 new drill holes targeting the Tajitos - Copala resource area, at its 100%-owned, flagship Panuco silver-gold project ("Panuco" or the "Project") located in Mexico. The results are centered on a vein splay discovered at the northern end of Tajitos, at the footwall of the low angle Copala Vein.
Highlights
CS-22-161 returned 3,513 grams per tonne (g/t) silver equivalent (AgEq) over 2.65 metres true width (mTW) (2,461 g/t silver and 13.16 g/t gold)
CS-22-157 returned 1,013 g/t AgEq over 4.20 mTW (713 g/t silver and 3.76 g/t gold)
CS-22-154 returned 3,286 g/t AgEq over 1.70 mTW (2,400 g/t silver and 11.08 g/t gold)
CS-22-158 returned 1,671 g/t AgEq over 1.50 mTW (1,140 g/t silver and 6.65 g/t gold)
"Tajitos and Copala continue to be a major focus for near-term resource expansion at Panuco," commented Michael Konnert, President and CEO. "While drilling the northern end of the Tajitos resource area, we discovered a new high-grade splay, located between Tajitos and Copala. This newly discovered vein was not included in the March 2022 resource estimate and further demonstrates the robust nature of the underlying mineralized system in the district. Vizsla currently has three rigs targeting the Tajitos-Copala area focused on category conversion and expanding the initial resource base."
Figure 1: Plan map of recent drilling along the north sector of Tajitos – Copala resource area. (CNW Group/Vizsla Silver Corp.)
The Copala Vein is a shallow dipping structure located within the Tajitos hangingwall along the northern extent of the Tajitos resource area. Copala is marked by high precious metals grades (up to 2,147 g/t silver and 18.04 g/t gold over 2.31 mTW, see the Company's news release dated January 19, 2022) hosted within a broader lower grade envelope of vein-breccia up to 82 meters thick. The area hosts additional precious metals-rich veins including Cristiano and Vein-3, which have been reported previously.
Drilling conducted during Q1 2022 and a reinterpretation of drill-holes from late 2021 along the northern portion of the Tajitos – Copala resource area led to the discovery of a new vein (blind to surface), between the Tajitos and Copala veins. The new vein, referred to as Copala 2, is located at the footwall of the shallow dipping Copala Vein and strikes north-south and dips at 50° to the east. Preliminary interpretations of drilling data highlight a southeast plunging shoot, with a strike length of approximately 300 metres, that remains open to the north. Copala 2 merges with the Copala Vein towards surface, and narrows at depth before intersecting Vein-3.
The Company is encouraged that the northern sector of the Tajitos – Copala resource area continues to grow, and the recent discovery of this new vein demonstrates the great potential for additional blind to surface veins in the district. Vizsla is currently negotiating land access and has prepared a drill plan to advance the exploration of the Tajitos - Copala area to the north. Other target veins that remain to be explored to the north, at the footwall of Tajitos, include Agua Zarca and La Tlacuacha.
Figure 2: Longitudinal Section of the Copala 2 vein. (CNW Group/Vizsla Silver Corp.)
Figure 3: Cross section showing Tajitos, Copala and Copala 2 veins. (CNW Group/Vizsla Silver Corp.)
Drillhole
From
To
Downhole
Length
Estimated
True width
Ag
Au
AgEq
(m)
(m)
(m)
(m)
(g/t)
(g/t)
(g/t)
CS-22-124
201.65
202.55
0.9
0.5
933
3.71
1230
CS-22-136
155.70
157.90
2.2
1.52
163
0.81
228
Inc.
155.70
156.40
0.7
0.5
181
0.59
228
Inc.
157.50
157.90
0.4
0.28
458
2.78
680
CS-22-140
96.85
98.65
1.8
1.07
662
3.96
978
Inc.
96.85
97.65
0.8
0.48
1415
8.45
2091
CS-22-145
372.15
374.00
1.9
1.40
48
0.16
61
Inc.
372.15
372.45
0.3
0.2
266
0.84
333
CS-22-152
No Significant Values
CS-22-154
150.00
152.25
2.3
1.70
2400
11.08
3286
Inc.
150.55
151.50
0.9
0.7
4230
20.10
5837
Inc.
151.50
152.25
0.8
0.6
1400
6.76
1940
CS-22-155
285.90
289.10
3.2
2.04
675
2.40
867
Inc.
285.90
286.50
0.6
0.4
189
0.50
229
Inc.
286.95
287.60
0.7
0.4
2830
11.00
3709
CS-22-157
190.50
195.75
5.3
4.20
713
3.76
1013
Inc.
192.75
193.55
0.8
0.6
861
6.83
1407
Inc.
193.55
193.85
0.3
0.2
329
1.67
462
Inc.
193.85
194.25
0.4
0.3
1480
5.84
1947
Inc.
194.25
195.75
1.5
1.2
1420
6.35
1928
CS-22-158
250.50
252.70
2.2
1.50
1140
6.65
1671
Inc.
251.75
252.70
0.9
0.6
2610
15.30
3833
CS-22-161
226.10
229.80
3.7
2.65
2461
13.16
3513
Inc.
227.10
227.40
0.3
0.2
12424
96.30
20123
Inc.
227.40
228.00
0.6
0.4
1320
5.08
1726
Inc.
228.00
228.90
0.9
0.6
2940
11.55
3863
Inc.
228.90
229.80
0.9
0.6
2050
6.48
2568
CS-21-90
156.60
163.00
6.4
4.50
510
3.00
750
Inc.
156.60
157.85
1.3
0.9
1501
8.16
2153
Inc.
160.50
161.80
1.3
0.9
858
5.54
1301
Inc.
162.70
163.00
0.3
0.2
322
1.42
436
CS-21-94
321.20
323.30
2.1
1.8
535
1.94
690
Inc.
322.55
323.30
0.8
0.6
1205
4.34
1552
Table 1: Downhole drill intersections from the holes reported for the new splay vein at the foot wall of Copala. Holes CS-21-90 and CS-21-94 drilled in 2021 were previously reported in the Company's news release dated January 19, 2022.
Note: AgEq = Ag ppm + (Au ppm x Au price/gram)/Ag price/gram. Metal price assumptions are $20.70/oz silver and $1,655/oz gold
Drillhole
Easting
Northing
Elevation
Azimuth
Dip
Depth
CS-22-124
404,573
2,587,156
568
307
-51.8
379.5
CS-22-136
404,528
2,587,186
558
306
-59.8
207.0
CS-22-140
404,482
2,587,236
554
275
-65.9
255.0
CS-22-145
404,775
2,587,191
554
302
-54.3
481.5
CS-22-152
404,775
2,587,191
554
321
-51.0
380.0
CS-22-154
404,535
2,587,285
555
306
-43.7
277.5
CS-22-155
404,672
2,587,223
540
317
-46.8
405.0
CS-22-157
404,535
2,587,285
555
317
-65.1
339.0
CS-22-158
404,535
2,587,285
555
349
-49.1
310.5
CS-22-161
404,624
2,587,248
547
307
-45.7
264.0
CS-21-90
404,483
2,587,237
554
346
-55.0
256.5
CS-21-94
404,653
2,587,161
568
320
-49.2
444.0
Table 2: Drillhole details for the new vein splay. Coordinates in WGS84, Zone 13.
About the Panuco project
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, past producing district benefits from over 75 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.
The district contains intermediate to low sulfidation 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.
The Panuco Project hosts an estimated in-situ indicated mineral resource of 61.1Moz AgEq and an in-situ inferred resource of 45.6Moz AgEq The Technical Report, titled "National Instrument 43-101 Technical Report for the Panuco Project Mineral Resource Estimate Concordia, Sinaloa, Mexico" was filed on SEDAR on April 7, 2022, has an effective date of March 1, 2022 and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") by Tim Maunula, P.Geo., Principal Geologist, T. Maunula & Associates Consulting Inc and Kevin Murray, P.Eng, Manager Process Engineering, Ausenco.
About Vizsla Silver Corp.
Vizsla Silver Corp. 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 has completed over 140,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2022, Vizsla has budgeted +120,000 metres of resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.
Quality Assurance / Quality Control
Drill core and rock samples were shipped to ALS Limited in Zacatecas, Zacatecas, Mexico and in North Vancouver, Canada for sample preparation and for analysis at the ALS laboratory in North Vancouver. The ALS Zacatecas and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption ("AA") spectroscopy finish. Over limit analyses for silver, lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.
Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol.
Qualified Person
In accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Martin Dupuis, P.Geo., COO, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
Information Concerning Estimates of Mineral Resources
The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). The terms "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" used in this video are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the "CIM Definition Standards"), which definitions have been adopted by NI 43-101. Accordingly, information contained in this video providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.
You are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC Modernization Rules"), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". Information regarding mineral resources contained or referenced in this video may not be comparable to similar information made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be "substantially similar" to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there is no assurance any mineral resources that the Company may report as "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the exploration, development, and production at Panuco, including plans for resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district ; and the entering into of land access agreements.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and Vizsla Silver has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Vizsla Silver's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
Vizsla Silver Corp. Logo (CNW Group/Vizsla Silver Corp.)
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SOURCE Vizsla Silver Corp.
Copyright 2022 Canada NewsWire
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VZLA
Vizsla Silver Corporation
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Volume: 74,920
Day Range: 1.19 - 1.30
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Jakubowitz Law Reminds Amazon Shareholders of a Lead Plaintiff Deadline of July 5, 2022 Microsoft announces Viva Sales, redefining the seller experience and enhancing productivity AT&T on Track for Longest Losing Streak Since October 2020 -- Data Talk Vueling joins forces with BitPay and UATP to accept cryptocurrencies as an alternative method of payment Comera Life Sciences Appoints Michael Campbell as Executive Vice President and Chief Financial Officer Bon Natural Life Limited Introduces New Powder Drink For Anti-H. Pylori and Digestive Health With Sales Per Square Foot Over $600, Dartmouth Mall Adds Two New Tenants Ebang International Accelerates its Global Collection and Payment Business Development Capgemini to Support Intel With Semiconductor Design Services Centers in Europe ExxonMobil statement regarding President Biden Letter to Oil Industry Carvana Named #2 Automotive Brand on Forbes 2022 Most Customer-Centric Companies List Wells Fargo Bank Increases Prime Rate to 4.75 Percent Trust Stamp to attend the Commonwealth Business Forum in Rwanda Revlon Takes Step Towards Reorganizing Capital Structure as the Company Continues to Execute Against its Strategic Plan Ring Energy Set to Join Russell 3000® Index Tivic Health Receives Second Global Health & Pharma Award: ClearUP Named 2022 Most Innovative Sinus Relief Solution Claflin University Receives $500,000 from Bank of America to Support The Center for Social Justice Advent Technologies to Speak at J.P. Morgan Energy, Power & Renewables Conference Global Cord Blood Shares Rise 15% After Merger Target Gets FDA Clearance for IND Samsara and Free2move Partner to Develop Integrated Solution to Help Commercial Fleets Operate More Efficiently
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That‘s fact DarkPool
BTC $$$$$
SHIBA $$$$$$
This year will be great Bro
Patience and GLTU ! GLTA !
And what can we do ?
Buying and relaxing
SPELL $$$$$
Dream on !!!!!
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