At the previous close, shares of Vizsla Silver Corp. (OTCQB: VIZSF) were up 8.41% to $1.41. A total of 201,300 shares of Vizsla Silver stock were traded which remained fluctuated between $1.31- $1.43 during the session. Historically, VIZSF stock has moved $0.2589 – $2.1399 over a 52-week period. As a result of successful drilling results in one of its projects, VIZSF stock rose.
What is the result of the drilling?
Vizsla Silver has been engaged in acquiring, exploring, and developing mineral properties since 1988. VIZSF seeks precious metals and base metals. VIZSF has a 100% interest in the Blueberry property in central British Columbia, Canada, a porphyry copper district in the Babine mountain range.
VIZSF is also the owner of 100% interests in Panuco and Copala properties in Sinaloa, Mexico. Formerly known as Vizsla Resources Corp., VIZSF changed its name to Vizsla Silver Corp. in February 2021. Based in Vancouver, Canada, VIZSF was formed in 2017.
Results from the step-out drilling at the southern extension of the Napoleon prospect were reported by Vizsla Silver on Wednesday.
- The holes at Panuco extension around 300 metres south of previous drilling into the Napoleon prospect, doubling the drilled strike distance along the project’s Panuco silver-gold belt.
- Over two and a half kilometers of strike have been mapped by VIZSF, and the vein has been drilled four times.
- The VIZSF has obtained 2,758 grams of silver equivalent over 4.46 meters (“m”) true width from 221.9 meters including at NP-21-94.
- 861 grams of silver equivalent over 1.92 meters (“m”) true width from 192.3 meters including at NP-21-90.
CEO Michael Konnert commented:
Vizsla Silver (VIZSF) has now high-quality drill data available for 570 meters of the two and half kilometer strike on Napoleon. There are four exploration rigs turning on this vein, which is growing into a substantial area of mineralization but it is a small part of the entire vein field that VIZSF has access to. VIZSF will transition from an exploration company to a producer from the initial body of mineralization that is building on the Napoleon vein.