Date: April 26, 2021
Vizsla Silver is focused on growing shareholder value by exploring, developing and acquiring precious and base metal assets. Moreover, they are led by a team of experienced natural resource professionals.
Vizsla Silver has consolidated one of the world's highest-grade silver districts in North America. In fact, they're poised for high-grade discovery at the Prolific Panuco-Copala Silver-Gold District. Further, the option includes the acquisition of a mill, two producing mines, tailings facilities, roads, power and permits.
The district-scale Panuco silver-gold epithermal vein project is the consolidation of mining concessions totaling 9,386.5 hectares. It's located in a producing mining camp outside of Concordia, Sinaloa. The area’s first silver production occurred in the 1500’s and has been producing intermittently ever since, with steady production over the last several decades.
Vizsla believes there is significant high-grade silver and gold discovery potential at Panuco. This is the first time the entire district will be explored as a consolidated region which has not seen modern exploration except for a drilling complete between 2006 to 2008 on a portion of the district.
The property contains many quartz-carbonate veins with workings defining both steeply plunging and sub-horizontal ore shoots. Mineralization occurs as silver sulphides including argentite and acanthite, native gold, electrum and native silver associated with pyrite, minor galena, sphalerite and rare chalcopyrite. Alteration is not well understood though large zones of strong disseminated pyrite alteration extends over one kilometre away from major veins.
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