PRECIOUS METALS

Vizsla confirms fourth Panuco discovery since July

The Tajitos vein appears to have seen significant mine development but has never been drilled

Staff Reporter
 Vizsla Resources has claimed a fourth discovery at Panuco in Mexico

Vizsla Resources has claimed a fourth discovery at Panuco in Mexico

The company says results from the first three of four holes drilled into the Tajitos vein in the Cinco Senores Vein Corridor confirmed a discovery, returning 1,808 grams per tonne silver-equivalent over 4.5m from 75.9m, including 3,581g/t Ag-eq over 1.15m from 78.65m.

Another hole returned 1,192g/t Ag-eq over 1.15m from 110m. The company estimated true widths at between 47-65% of the downhole lengths.

The company said the Tajitos vein, 900m south-east of the its Napoleon discovery, appeared to have seen significant mine development but had not previously been drilled.

"The Tajitos discovery is the latest demonstration of the Panuco district's potential," said Konnert.

"Vizsla is in a solid position to unlock significant value in a district that has never seen systematic exploration."

Vizsla remains well funded with more than C$30 million in the bank.

"We are actively stepping out on the four discoveries to expand the footprint of mineralisation at each area," said Konnert.

Shares in the company (TSXV:VZLA) in July achieved a new 12-month high of C$2.93, but have since come down to $1.66, capitalising it at $144 million (US$110 million).

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.