UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2024

Commission File Number: 001-41225

 

 

VIZSLA SILVER CORP.

(Registrant)

 

 

 

Suite 700, 1090 West Georgia Street

Vancouver, British Columbia V6E 3V7 Canada

(Address of Principal Executive Offices) 

 

Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F              Form 40-F  

 

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

             
        VIZSLA SILVER CORP.
        (Registrant)
       
Date: May 22, 2024       By  

/s/ Michael Konnert

            Michael Konnert
            Chief Executive Officer

 

 

 

 

 

EXHIBIT INDEX

     

Exhibit

  Description of Exhibit
   
99.1   News Release dated May 22, 2024 - VIZSLA SILVER REPORTS SEVERAL MULTI-KILO SILVER AND GOLD INTERCEPTS ALONG NAPOLEON VEIN SYSTEM

 

EXHIBIT 99.1 

 

  

 

VIZSLA SILVER REPORTS SEVERAL MULTI-KILO SILVER AND GOLD INTERCEPTS ALONG NAPOLEON VEIN SYSTEM

NYSE: VZLA  TSX-V: VZLA

VANCOUVER, BC, May 22, 2024 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to report results from 16 new drillholes targeting the Napoleon Vein, at its 100%-owned flagship Panuco silver-gold project ("Panuco") located in Mexico. The new drill results are centered on the western portion of the district and are part of Vizsla's ongoing +30,000 metre resource conversion and expansion drill program.

Highlights

NP-24-431 returned 2,561 grams per tonne (g/t) silver equivalent (AgEq) over 2.40 metres true width (mTW) (1,551 g/t silver, 14.08 g/t gold, 0.97% lead and 3.84% zinc), including:
4,121 g/t AgEq over 1.24 mTW (2,460 g/t silver, 23.20 g/t gold, 1.57% lead and 6.10% zinc), and
NAP-2023-004 returned 696 g/t AgEq over 6.50 mTW (328 g/t silver, 4.32 g/t gold, 0.79% lead and 2.11% zinc), including:
1,038 g/t AgEq over 3.65 mTW (505 g/t silver, 6.33 g/t gold, 2.89% lead and 0.10% zinc), and
NP-24-429 returned 4,533 g/t AgEq over 1.30 mTW (2,390 g/t silver, 28.10 g/t gold, 2.19% lead and 9.61 % zinc), and:
4,525 g/t AgEq over 0.80 mTW (2,508 g/t silver, 28.04 g/t gold, 1.78% lead and 6.82% zinc).
NP-24-435 returned 2,156 g/t AgEq over 1.40 mTW (1,429 g/t silver, 11.76 g/t gold, 0.32% lead and 0.68% zinc)

"Drilling at the Napoleon Vein and its high-grade splay structures continues to demonstrate excellent continuity," commented Michael Konnert, President and CEO. "New drilling along the central and southern portions of the Napoleon resource area has successfully expanded known zones of high-grade mineralization, proximal to potential development. Additionally, expansion drilling targeting the Hanging Wall 4 structure and the recently discovered El Molino Vein, returned significant gold and silver values outboard of the current resource boundary. We are very pleased with how Luisa, Napoleon and Copala are responding to tighter spaced drilling. This supports increased potential for resource conversion as we de-risk the project ahead of the preliminary economic assessment planned for early Q3."


Figure 1: Plan map of recent drilling in central and southern Napoleon vein. Geotechnical drillholes have the “NAP” prefix. (CNW Group/Vizsla Silver Corp.)

Details of the Napoleon Southern Extent

Infill and step-out (expansionary) drilling completed to date has led to an improved understanding of the mineralization controls along the Napoleon vein corridor. Observations based on metal zonation and alteration continue to support the interpretation that the corridor is tilted, where the southern extent of drilling is at the top of the mineralized horizon, near surface (Figure 5). Ongoing analysis of core samples and 3D modelling of alteration minerals will further enhance our understanding of controls on mineralization and vectors.

Previously reported high-grade gold assay values near surface support the model (see press releases dated December 16, 2021, and March 29, 2022). Infill drilling assay results disclosed in this news release, show additional high-grade silver and gold values particularly in the shallow dipping Hanging Wall 4 (HW4) vein. The HW4 vein dips to the east at shallow angle (35° to 55°) and is situated into the hanging wall of main Napoleon vein (the vein splits off from Napoleon main vein) and it remains open to the east particularly in its southern extent where the vein shows higher silver and gold grades. The vein is typically narrow (1.00 metre in average) but at some locations it develops cymoid loops with more than one vein intercept as can be seen in holes NP-24-429 and NP-24-436 (Table 1). High-grade results from previously reported holes and results included herein warrant follow up expansion drilling at depth to the east along HW4 (Figures 3 and 4). Vizsla continues working on alteration and structural 3D modelling and interpretations to design specific drillholes for future exploration of the vein splays including the recently discovered northeast trending El Molino Vein, which is located in the southwest portion of the Panuco district between the Napoleon and Copala resource areas. Discovery of El Molino occurred approximately 250 metres west of the Copala and Tajitos veins but new interpretations and drilling confirmed that the vein extends southwest and intersects with Napoleon.


Figure 2: Longitudinal section of the Napoleon Main Vein with Mineral Resources along main Napoleon and the overlapping hanging wall splays. The section is inclined along the dip of the structure. (CNW Group/Vizsla Silver Corp.)


Figure 3: Longitudinal section of the Hanging Wall 4 (HW 4) Vein splay with Mineral Resources along main Napoleon and the overlapping hanging wall splays. The section is inclined along the dip of the structure. (CNW Group/Vizsla Silver Corp.)


Figure 4: Cross section showing drillhole intercepts on Napoleon HW4 and Molino veins. (CNW Group/Vizsla Silver Corp.)


Figure 5: Napoleon Vein Corridor Exploration Model Longitudinal Section with pierce points on Napoleon main. (CNW Group/Vizsla Silver Corp.)

 

Drillhole From To Downhole
Length
Estimated
True width
Ag Au Pb Zn AgEq Vein    
   
(m) (m) (m) (m) (g/t) (g/t) % % (g/t)    
NP-23-396 257.00 258.20 1.20 0.85 220 2.39 0.68 6.59 624 HW4    
Includes 257.00 257.60 0.60 0.42 304 3.07 1.04 5.42 717      
NP-23-396 No significant values Napoleon    
NAP-2023-001 197.25 199.00 1.75 1.50 183 1.68 0.04 0.04 286 HW7    
NAP-2023-001 388.97 389.8 0.83 0.80 149 0.76 0.10 0.16 198 HW2    
NAP-2023-001 No significant values Napoleon    
NAP-2023-001 462.67 463.46 0.79 0.60 213 3.38 0.31 1.23 480 FW2    
NAP-2023-001 496.63 498.58 1.95 1.95 544 4.73 0.51 3.00 949 FW3    
NAP-2023-002 210.40 211.40 1.00 0.91 338 1.63 2.03 1.79 549 HW4    
NAP-2023-002 No significant values Napoleon    
NAP-2023-002 314.60 315.00 0.40 0.30 78 0.64 0.09 7.49 390 FW1    
NAP-2023-003 No significant values HW4    
NAP-2023-003 145.32 146.72 1.40 0.80 943 16.57 0.78 2.73 2,118 HW3    
Includes 145.32 145.90 0.58 0.33 785 24.10 1.30 5.27 2,586      
NAP-2023-003 155.78 157.25 1.47 1.00 55 2.74 0.20 2.07 317 Napoleon Splay    
NAP-2023-003 166.88 167.90 1.02 0.65 619 4.98 0.32 2.49 1,012 Napoleon    
NAP-2023-004 18.00 18.50 0.50 0.40 939 6.26 0.46 1.91 1,503 HW4    
NAP-2023-004 108.45 119.35 10.90 6.50 328 4.32 0.79 2.11 696 Napoleon    
Includes 109.12 115.25 6.13 3.65 505 6.33 2.89 0.10 1,038      
NAP-2023-005 317.30 319.00 1.70 1.10 58 3.37 0.56 3.38 420 Napoleon    
NAP-2023-006 No significant values Napoleon    
NP-23-400 601.40 604.55 3.15 2.00 33 1.31 0.61 2.78 239 Napoleon    
NP-23-402 No significant values Napoleon    
NP-24-429 257.10 259.70 2.60 1.55 105 0.46 0.15 0.30 145 El Molino    
NP-24-429 433.75 435.10 1.35 1.30 2,390 28.10 2.19 9.61 4,533 HW4    
NP-24-429 437.65 438.45 0.80 0.75 144 1.06 0.13 0.20 217 HW4    
NP-24-429 470.60 471.55 0.95 0.80 2,508 28.04 1.78 6.82 4,525 HW1    
Includes 470.60 471.10 0.50 0.42 2,380 35.10 2.00 8.76 4,959 HW1    
NP-24-429 No significant values Napoleon    
NP-23-431 265.60 266.90 1.30 0.73 362 0.44 0.34 0.78 405 El Molino    
NP-24-431 428.55 431.15 2.60 2.40 1,551 14.08 0.97 3.84 2,561 HW4    
Includes 428.55 429.90 1.35 1.24 2,460 23.20 1.57 6.10 4,121 HW4    
NP-23-431 478.50 480.40 1.90 0.75 62 1.18 0.12 0.66 165 HW2    
NP-24-431 491.60 492.70 1.10 0.70 132 1.10 0.29 0.86 236 HW1    
NP-24-431 No significant values Napoleon    
NP-24-432 236.85 238.95 2.10 1.85 63 0.33 1.18 4.14 265 HW4    
NP-24-432 302.00 303.40 1.40 0.60 1,420 6.06 0.50 0.72 1,770 HW2 Splay    
NP-24-432 316.75 322.60 5.85 1.80 52 1.85 0.43 1.35 235 HW2    
NP-24-432 338.70 345.35 6.65 2.45 36 1.27 0.46 3.22 250 HW1    
NP-24-432 No significant values Napoleon    
NP-24-435 244.00 245.60 1.60 1.40 1,429 11.76 0.32 0.68 2,156 HW4    
NP-24-435 378.15 378.90 0.75 0.40 53 0.13 0.26 7.29 330 Napoleon    
NP-24-436 312.00 313.00 1.00 0.90 1,115 12.30 0.71 1.55 1,944 HW4    
NP-24-436 315.35 315.80 0.45 0.40 79 0.74 0.61 1.08 180 HW4    
NP-24-436 317.70 319.40 1.70 1.53 310 1.71 0.69 3.93 567 HW4    
Includes 317.70 318.50 0.80 0.72 577 3.05 0.83 1.68 828      
NP-24-436 525.35 526.35 1.00 0.60 64 1.16 0.10 3.13 255 HW2    
NP-24-436 534.80 535.80 1.00 0.55 4 2.31 0.01 1.48 214 HW2 Splay    
NP-24-436 No significant values Napoleon    
NP-24-439 222.50 230.30 7.80 6.40 277 1.65 0.21 0.47 392 HW4    
NP-24-439 No significant values Napoleon    
NP-24-441 220.50 224.25 3.75 3.70 238 3.78 0.50 1.89 560 HW4    
NP-24-441 395.80 396.65 0.85 0.65 36 0.35 0.26 3.99 210 HW3    
NP-24-441 397.50 398.05 0.55 0.42 44 1.04 0.05 2.71 211 HW3    
NP-24-441 400.00 400.90 0.90 0.69 15 0.04 0.26 7.69 304 HW3    
NP-24-441 439.50 440.70 1.20 0.49 92 0.75 0.21 0.95 177 Napoleon    



Table 1: 
Downhole drill intersections from the holes completed along the Napoleon main and vein splays. Note: AgEq = Ag g/t x Ag rec. + ((Au g/t x Au Rec x Au price/gram)+(Pb% x Pb rec. X Pb price/t) + (Zn% x Zn rec. X Zn price/t))/Ag price/gram. Metal price assumptions are $24.00/oz silver, $1,800/oz gold, $2,424.4/t lead and $2,975.4/t zinc. Metallurgical recoveries assumed are 93% for silver, 90% for gold, 94% for lead and 94% for zinc. Metallurgical recoveries used in this release are from metallurgical test results of the Napoleon vein (see press release dated February 17, 2022).

Drillhole Easting Northing Elevation Azimuth Dip Depth
NP-23-396 403,683 2,586,973 480 251 -60 684
NAP-2023-001 403,800 2,586,264 429 235 -54 642
NAP-2023-002 403,484 2,586,918 425 270 -55 310
NAP-2023-003 403,425 2,587,147 464 290 -55 310.7
NAP-2023-004 403,174 2,587,337 533 55 -55 351
NAP-2023-005 403,174 2,587,337 533 55 -55 351
NAP-2023-006 403,499 2,587,577 486 270 -45 291
NP-23-400 403,768 2,587,025 492 260 -48 633
NP-23-402 403,580 2,587,072 442 251 -62 498
NP-24-429 403,846 2,586,464 495 270 -47 624
NP-24-431 403,846 2,586,464 495 270 -50 624
NP-24-432 403,651 2,586,539 426 270 -64 426
NP-24-435 403,694 2,586,597 436 270 -61 444
NP-24-436 403,840 2,586,649 458 272 -48 584.2
NP-24-439 403,740 2,586,702 451 270 -49 504
NP-24-441 403,740 2,586,702 451 270 -52 555
Table 2: Napoleon vein drillhole details. Coordinates in WGS84, Zone 13. Holes with the prefix "NAP" were drilled for geotechnical studies.

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 17,856.5-hectare, past producing district benefits from over 86 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.

On January 8, 2024, the Company announced an updated mineral resource estimate for Panuco which includes an estimated in-situ indicated mineral resource of 155.8 Moz AgEq and an in-situ inferred resource of 169.6 Moz AgEq (please refer to our Technical Report on Updated Mineral Resource Estimate for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico, by Allan Armitage, Ben Eggers and Peter Mehrfert, dated February 12, 2024 and to our Company´s press release dated January 8, 2024). 

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 Silver has completed over 368,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2024, Vizsla Silver has budgeted +30,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high priority targets across the district.

Quality Assurance / Quality Control

Drill core 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 and rock samples were shipped to SGS Lab in Durango Mexico for sample preparation and analysis. The ALS Zacatecas, North Vancouver facilities and SGS lab 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, Jesus Velador, Ph.D. MMSA QP., Vice President of Exploration, 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.

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.

Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla, future growth potential for Vizsla 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's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Vizsla'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 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' management discussion and analysis. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although Vizsla 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 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vizsla-silver-reports-several-multi-kilo-silver-and-gold-intercepts-along-napoleon-vein-system-302152290.html

SOURCE Vizsla Silver Corp.

 

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/22/c5990.html

%CIK: 0001796073

For further information: and to sign-up to the mailing list, please contact: Michael Konnert, President and Chief Executive Officer, Tel: (604) 364-2215, Email: info@vizslasilver.ca, Website: www.vizslasilvercorp.ca

CO: Vizsla Silver Corp.

CNW 07:00e 22-MAY-24


Vizsla Silver (AMEX:VZLA)
過去 株価チャート
から 5 2024 まで 6 2024 Vizsla Silverのチャートをもっと見るにはこちらをクリック
Vizsla Silver (AMEX:VZLA)
過去 株価チャート
から 6 2023 まで 6 2024 Vizsla Silverのチャートをもっと見るにはこちらをクリック