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Vizsla Resources Corp.
Summary
| Project: | Panuco-Copala | |
|---|---|---|
| Deposit: | Panuco-Copala | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 11/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-11-2019: Vizsla Resources Corp. announces a Supporting Acquisition report for its Panuco-Copala deposit at the Panuco-Copala project. Summary of property in support of acquisition. In September of 2019, Vizsla Resources Corp. (Vizsla) agreed to acquire | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michelle Robinson (Minera Camargo S.A. de C.V.) | |
| ABSTRACT: | In September of 2019, Vizsla Resources Corp. (Vizsla) agreed to acquire the shares of Canam Alpine Ventures Ltd (Canam) for 18 million common shares of Vizsla. Canam has option agreements with two mining concession owners in the Panuco-Copala mining camp of Concordia, Sinaloa, Mexico. Silverstone Resources S.A. de C.V. (Silverstone) owns 64 concessions with a combined surface area of 5547 Ha. Minera Rio Panuco S.A. de C.V. (MRP) owns 3840 Ha in 43 mining concessions and has one application for additional ground. Both owners are actively mining. Historically, the district has been active for 460 years. The last exploration campaigns documented by the owners were in 1999-2001 for MRP and 2007-2008 for Silverstone (Christopher and Sim, 2008). Collectively, information was provided for 12072 meters of drilling in 97 drill holes. The geological history known to be exposed on the Property spans more than 300 million years and could include several mineral deposit types. Vizsla is mainly targeting 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 (Montoya et al, 2019). However, basement schist and marine volcanics of probable Late Jurassic to Cretaceous age in the underlying Guerrero Terrane appear to be exposed in some structural blocks and erosional windows. | |
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