In a year of many great successes for the sector, Vizsla Silver (TSX-V:VZLA, OTC: VIZSF) was one of the biggest junior mining stories of 2020; Vizsla experienced a more than 1,000% share price rise from the depths of the March 2020 market panic to the heights of its Napoleon Vein Discovery success in July 2020:

VZLA.V (2020) 

Since last summer Vizsla has expanded its drill program at its flagship Panuco Project in Mexico to eight drill rigs, while generating numerous exceptional high-grade gold/silver drill intersections. VZLA’s share price has been largely range-bound in recent months, much like the silver price. However, this lengthy period of consolidation could be drawing to a close as Vizsla aggressively drills out Panuco with eight rigs and fully taps into the potential of Panuco with its experienced team of geologists. 

Vizsla has had considerable success in expanding the mineralized zones at its Panuco District-Scale Gold/Silver Project in Mexico. Recent drill results include the following intersections:

  • Hole NP-20-07: 8,078 g/t silver equivalent (1,808.2 grams per tonne silver, 66.8 g/t gold, 2.99% lead and 3.30 % zinc) over 6.0 meters from 69.0 m including; 12,992 g/t silver equivalent (2,889.2 g/t silver, 107.9 g/t gold, 4.80% lead and 4.56 % zinc) over 3.7 meters from 69.5m including; 21,034 g/t silver equivalent (2,240.0 g/t silver, 199.0 g/t gold, 12.85% lead and 3.27% zinc) over 0.85 meters from 72.35 meters
  • Hole NP-21-94: 2,758 g/t silver equivalent (889.6 grams per tonne silver, 19.99 g/t gold, 0.71% lead and 1.76% zinc) over 4.46 meters true width from 221.9 m including; 12,262 g/t silver equivalent (3,803.6 g/t silver, 91.91 g/t gold, 1.50 % lead and 3.48% zinc) over 0.92 meters true width from 225.1 meters
  • Hole NP-21-90: 861 g/t silver equivalent (105.9 grams per tonne silver, 7.28 g/t gold, 0.70% lead and 2.87% zinc) over 1.92 meters true width from 192.3 m including; 1,089 g/t silver equivalent (130.7 g/t silver, 9.39 g/t gold, 0.76 % lead and 3.15% zinc) over 1.45 meters true width from 192.3 meters
  • Hole NP-20-54: 1,909 g/t silver equivalent (86.5 grams per tonne silver, 18.45 g/t gold, 1.27% lead and 3.36% zinc) over 2.42 metres true width from 317.25 m including;10,019 g/t silver equivalent (307.0 g/t silver, 101.0 g/t gold, 2.88% lead and 10.5% zinc) over 0.43 meters true width from 317.25 meters
  • Hole CO-20-13: 457 g/t silver equivalent (117.9 g/t silver and 3.71 g/t gold) over 18.15 meters downhole width from 60.15 m including, 1,208 g/t silver equivalent (243.8 g/t silver and 10.49 g/t gold) over 5.95 m downhole width from 61.55 meters 

In particular, the Napoleon Vein Corridor is proving to be an important discovery for Vizsla. So far, Napoleon has been shown to have 2.5 kilometers of strike length with an average true width of 4 meters and an average grade of 440 g/t silver-equivalent over the 570 meters of high-grade strike length drilled to date.  

It is clear to the Vizsla team that there is one continuous vein running through Napoleon and the most recent drill results indicate that the vein is widening, and grades are improving, at depth:  

So far, drilling has intersected the Napoleon Vein to greater than 300 meters depth with assays pending for additional holes into Napoleon that can extend both the strike length and the depth extent of the vein structure. Based upon recent news releases and the above section map it’s not tough to infer that the Vizsla team is encouraged by the drill core for holes NP-21-99 and NP-21-102.

Zooming out to the bigger picture at Panuco, Vizsla has been focused on drilling the western side of the project where the Napoleon, Papayo, and Tajitos veins all reside. However, more than 90% of the property has not been touched by Vizsla or any modern exploration methods.  

It’s difficult to overemphasize the scale of Panuco. With more than 75 kilometers of known vein strike at panuco we are talking about a very large number in terms of total potential gold/silver ounces. 

Another aspect of the Panuco story that isn’t mentioned much is the fully permitted 500 tonnes per day El Coco Mill which is located in close proximity to Napoleon and Tajitos. Unlike so many of its junior mining peers, Vizsla is not facing a 5+ year timeline to production. Once the decision is made to move forward to production, Vizsla will be able to move quickly and accelerate through several of the most challenging and time consuming stages of the mine life cycle.      

VZLA.V (Weekly) 

All markets/stocks go through phases of growth followed by consolidation. Vizsla experienced rapid growth in market cap and market expectations in mid-2020. The rapid growth has been followed by a 9+ month period of consolidation/digestion. VZLA shares stand to move back into a growth phase as the scale of Panuco continues to be proven out through an aggressive 40,000+ meter drill program. 

DIsclosure: Author owns VZLA.V shares at the time of publishing and may choose to buy or sell at any time without notice. Author has been compensated for marketing services by Vizsla Resources Corp.


DISCLAIMER: The work included in this article is based on current events, technical charts, company news releases, and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This publication is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.