{"id":1192200,"date":"2020-06-25T09:33:40","date_gmt":"2020-06-25T14:33:40","guid":{"rendered":"https:\/\/oilandgas-investments.com\/?p=32596"},"modified":"2020-06-25T09:33:40","modified_gmt":"2020-06-25T14:33:40","slug":"my-1-silver-stock-delivers-the-greats","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1192200","title":{"rendered":"My #1 Silver Stock Delivers The Greats!"},"content":{"rendered":"

It took Vizsla Resources (VZLA-TSXv)<\/strong><\/span> CEO Michael Konnert all of six weeks to deliver the goods.<\/p>\n

And the drill results weren\u2019t \u201cgoods\u201d\u2014they were \u201cgreats\u201d.<\/p>\n

Back on May 13 I alerted my readers to what I thought would be the next Silvercrest (SIL-TSX<\/span>;<\/strong> 13 cents – $13 in 5 years)\u2014Vizsla Resources put out the first ever drill results on their Napoleon vein in northwest Mexico–1,544 grams per tonne silver equivalent (738.9 grams per tonne silver and 11.06 g\/t gold) over 8.2 metres\u2014including 3348 g\/t AgEq over 2.0 m.<\/em><\/strong><\/p>\n

Folks, this is EXACTLY how Silvercrest got started at their Las Chispas deposit in Mexico.\u00a0I went through their very first drill results\u2014issued in August 2016\u2014and those headlines read \u201cintercepts of greater than 2000 gpt AgEq\u201d.\u00a0In November 2016 their drill results headlined \u201cResults of Greater than 1,400 gpt AgEq\u201d.<\/p>\n

There is one difference\u2014Vizsla has freakishly high grade gold to go along with fabulous silver numbers. The Market responded in a hurry to Vizsla\u2019s news\u2014the stock traded 8,788,100 shares and jumped 30 cents\u2014or 68%–to 74 cents.<\/p>\n

I spoke to Vizsla VP Exploration Charles Funk on Wednesday after the news came out, and he gave me reason to be even more excited:<\/p>\n

\u201cWe’ve hit the vein in every hole that we’ve drilled, including the current hole that we’re drilling 60 meters north of the northern most hole.<\/p>\n

\u201cAnd the other thing that’s really nice about this vein, these are the first holes in the entire corridor. And so there are workings with silver equivalent numbers\u00a0in kilos, and workings to the North, and we’ve never tested those.<\/p>\n

\u201cSo that’s the potential of the corridor.\u00a0Even though there’s a mine in the district,\u00a0veins like this have never been drilled.\u201d<\/p>\n

We\u2019re going to talk geology for a second here, because Charles is very good at putting it in layman\u2019s terms, and outlining why the geology should give investors strong upside potential:<\/p>\n

\u201c\u2026the really nice thing about the geology is, is the complexity of the veins.<\/p>\n

You know, normally when people talk about quartz veins, you see a big white quartz mining, and you can see in these photos that they’re full of grain green and that’s all due to mineralization sulfide.<\/p>\n

\u201cSo we\u2019re seeing a complex system with lots of pulses of mineralization<\/strong>,<\/em> which probably explain why we see gold, silver and the base metals.\u00a0These complicated, long live systems can create bigger orchards<\/em>. So that’s a really good sign and the system’s open in every direction so far, we haven’t found the boundary of this orchard yet.\u201d <\/em>\u00a0(My emphasis)<\/p>\n

\u201cSo within the plane of the vein, it’s open to the South, it’s open at depth and it’s open to a North of the current holes. So we don’t yet know the full extent of the current orchard.\u201d<\/p>\n

\"\"<\/p>\n

What\u2019s really intriguing as well is\u2014most of the Napoleon vein is on the ONE side of the Panuco property that has the 500 ton per day (tpd) mill\u2014that was operating right up until last year.\u00a0<\/p>\n

If you remember my story on Vizsla, I liked it so much after Konnert sat me down and explained how he optioned the property from two adjacent landowners who couldn\u2019t work together.\u00a0<\/p>\n

Each landowner is a separate option\u2014and this very rich, high grade silver is on the side with the mill.\u00a0That means Konnert could exercise his option on the one side, and let cash flow from producing Napoleon (down the road of course) pay for the second option on the neighboring property.<\/p>\n

Konnert always said the infrastructure on the properties are worth the entire option price if not more\u2014he was getting the geology for free.\u00a0He has high tension power on the property, a 500 tpd mill, a tailings facility, 30 kms of underground workings.<\/p>\n

The point is\u2014huge grades like this on a new discovery give Konnert and Vizsla LOTS of options.<\/p>\n

The size of the payment\u2014CAD$43 million\u2014was one of the reasons the stock\u2014until today\u2014had trouble getting momentum.\u00a0Funk summed it up well:<\/p>\n

\u201cThe hardest pushback we\u2019ve had before this news release is that paying $23 million or $43 million is a lot of money. So it’s an expensive deal.<\/p>\n

\u201cAnd the answer is–if people think of it as an exploration project, that is a valid point. But I think by the holes that were drilled now that we can show that actually this is probably just a brownfield site that\u2019s never been explored.<\/p>\n

\u201cAnd if we show a high-grade resource for them, that actually becomes a very cheap pathway to production. So the deal is unusual in that it is very expensive when finding resources. And when you find resources it instantly becomes very cheap.\u201d<\/p>\n

I AM STILL LONG VIZSLA RESOURCES<\/p>\n","protected":false},"excerpt":{"rendered":"

It took Vizsla Resources (VZLA-TSXv) CEO Michael Konnert all of six weeks to deliver the goods. And the drill results weren’t “goods”—they were “greats”. Back on May 13 I alerted my readers to what I thought would be the next Silvercrest (SIL-TSX; 13 cents – $13 in 5 years)—Vizsla Resources put out the first ever […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[528],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1192200"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1192200"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1192200\/revisions"}],"predecessor-version":[{"id":1192201,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1192200\/revisions\/1192201"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1192200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1192200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1192200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}