Vizsla to restart Panuco drilling next month
TSX-V-listed Vizsla Silver will restart drilling programmes at its Panuco silver/gold property, in Sinaloa, Mexico, next month, and intends to report a maiden resource by the end of the first quarter next year.
Vizsla imposed a voluntary pause of on-site work last month and continued with the suspension throughout August, in response to Covid cases in southern Sinaloa.
Upon restart, a 100 000 m fully funded resource/discovery-based drill programme will continue. The company will initially have two rigs on site, ramping up to full capacity of ten rigs by the end of September.
“Although we’re eager to resume drilling, the health and safety of our employees and our communities is paramount. While drilling activities have been suspended, our technical team has used this unplanned downtime to refine our geologic model, identify critical path milestones and improve targeting strategies for the remainder of the year,” says CEO Michael Konnert.
He says the company is encouraged by the results received to date from its resource drilling, which confirmed the continuity of high-grade mineralisation over potentially mineable widths.
Resource drilling at Napoleon and Tajitos is focused on a combined resource target area of about 1 500 m long by 350 m deep.
“Beyond the resource target area, we continue to see considerable upside in this historic mining district highlighted by recent geophysics, regional mapping and drilling,” says Konnert.
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