Canada’s resource sector noticed another winner coming up in its ranks. Vancouver-based Vizsla Resources Corp. (TSX-Venture:VZLA) announced due diligence channel sampling results from five veins at the recently acquired Panuco precious metals district in Sinaloa, Mexico.
The sampling locations are spread across the property and represent first pass sampling of the veins. Detailed sampling and mapping are ongoing ahead of a maiden drill program.
VZLA reported one of the Napoleon veins returned 3,024 grams per tonne (g/t) silver equivalent (1,860.0 g/t silver and 14.55g/t gold) over 0.9 metres. The San Antonio –Cordon del Oro vein produced 4,244 g/t silver equivalent (1,900.0 g/t silver and 29.30 g/t gold) over 0.5 metres. The San Carlos – Animas vein revealed 1,250 g/t silver equivalent (690.9 g/t silver and 7.00 g/t gold) over 3.6 metres.
According to company official Charles Funk, "These sample results demonstrate the widespread nature of very high-grade mineralization across the Panuco project with greater than 1,000 g/t silver equivalent results obtained from six different prospects on four of the five veins sampled-to-date.”
VZLA shares climbed eight cents, or 19.5%, to 50 cents as the clock approached noon EST Tuesday, on volume of 191,000