Mining News Flash with Vizsla Silver, Canada Nickel and GoldMining

Introduction

Good day, ladies and gentlemen! Welcome to the mining news on Commodity TV.

Vizsla Silver's Drill Results

Vizsla Silver has announced results from six new drill holes targeting the Copala resource area at their 100%-owned Panuco Silver-Gold Project in Mexico. The reported drilling drove the infilling of near-surface indicated resources. These drills continue to confirm high-grade continuity at Copala, producing remarkable intercepts.

Drill Highlights:

• Drill hole CS-23-1366 returned nearly 2,400 g/t silver equivalent over 7 meters, including 1,900 g/t silver and 9.5 g/t gold.
• Additional holes returned over 1,000 g/t silver equivalent over 7.80 meters and over 2.20 g/t silver-equivalent over 3.81 meters.
• Drill hole CS-23-1363 returned nearly 2,000 g/t silver equivalent over 2.68 meters.

Michael Konnert, President and CEO of Vizsla Silver, emphasized the exceptional continuity of mineralization at Copala, suggesting the project has potential to be a high-margin, low-CAPEX project. They plan to continue conversion drilling ahead of their first PEA planned for early Q3 2024.

Copala Resource Estimate:

• Indicated resources: 83.3 million ounces silver equivalent at 573 g/t silver equivalent.
• Inferred resources: 48.3 million ounces silver equivalent at 476 g/t silver equivalent.
• The Copala structure is located 800 meters east of the Napoleon Vein.

Canada Nickel's New Subsidiary and Project Consolidation

Canada Nickel has created a subsidiary called "ExplorationCo" to manage eastern exploration assets and consolidate the regional land package in Crawford. This strategic move is aimed at enhancing the value of their asset portfolio.

Key Points:

• ExplorationCo will be 80% owned by Canada Nickel and 20% owned by Noble Mineral Exploration.
• This consolidation facilitates the acquisition of surface rights necessary for the construction of the Crawford Nickel Sulfide Project.
• Mark Selby, CEO of Canada Nickel, noted this transaction will simplify the development of Crawford and other projects.

Canada Nickel's Financial Outlook

• The stock shows a potential rapid growth from $ 1 CAD to $ 2 CAD, with a realistic price target of $ 4 to $ 4.50 CAD.

GoldMining's Additional Mineralization in Brazil

GoldMining announced additional assay results from their drill program at their 100%-owned São Jorge Gold Project in Brazil. This program aimed to confirm and expand known mineralization zones.

Drill Highlights:

• 19 meters grading 1.24 g/t gold.
• Hole SJD-12124 returned 18 meters of 0.57 g/t gold from a depth of 86 meters.
• Including 8 meters of 1.14 g/t gold from 88 meters.

The results contribute to modeling mineralized zones and improving confidence. The ongoing exploration is expected to identify new possible mineralization zones.

GoldMining Financial Outlook

• The stock shows a double bottom, representing a great entry opportunity with an initial price target of $ 2.50 CAD and potentially $ 3.50 CAD.

Conclusion

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Note: The shares discussed are part of the SRC Mining Special Situation Certificate. The author is a shareholder in these companies.

Keywords

• Vizsla Silver
• Copala
• Panuco Project
• Canada Nickel
• ExplorationCo
• Crawford Nickel Project
• GoldMining
• São Jorge Gold Project
• Drill Results
• Mineralization
• Commodity TV

FAQ

Q1: What significant results did Vizsla Silver announce from their drill holes?

A1: Vizsla Silver reported high-grade intercepts including nearly 2,400 g/t silver equivalent over 7 meters in drill hole CS-23-1366.

Q2: What is the purpose of Canada Nickel's new subsidiary, ExplorationCo?

A2: ExplorationCo will manage the eastern exploration assets and consolidate the regional land package in Crawford, simplifying the acquisition of surface rights and facilitating project development.

Q3: What were some highlights from GoldMining’s assay results at the São Jorge Gold Project?

A3: Significant drill results included 19 meters grading 1.24 g/t gold and 18 meters of 0.57 g/t gold from a depth of 86 meters, which help delineate mineralized zones.

Q4: What financial outlook is projected for Canada Nickel?

A4: The stock is expected to grow from around $ 1 CAD to potentially $ 4 to $ 4.50 CAD, indicating a strong buying opportunity.

Q5: Where can detailed information from Commodity TV be accessed?

A5: Detailed information is available on the Commodity TV app in both German and English.