Arcadium shareholders approve sale to Rio Tinto
Shares of Arcadium Lithium rose about 7% in extended trading after the company said that about 98% of its shareholders had voted in favor of the sale.
Earlier this week Vizsla Silver (TSXV: VZLA) released the results of 14 more drill holes from the Napoleon property at its Panuco silver-gold project in Sinaloa, Mexico.
The best assays were from hole NP-21-112, which returned 898 g/t silver equivalent over 8.4 metres true width, including 5,197 g/t silver equivalent over 1.3 metres true width. The mineralization was drilled beginning 142.6 metres.
Three holes drilled 50 metres south of previous work averaged 7.4 metres true width with a weighted average grade of 673 g/t silver equivalent.
Vizsla says the results allow it to trace the Napoleon vein to over 950 metres of continuous mineralization. It remains open to the south and at depth below 350 metres.
The mineralization in the southern half of the zone generally displays better developed epithermal textures including colloform and cockade banding and rare quartz after bladed calcite, according to the company’s recent news release. Adularia in a consistently wide vein and with a higher gold-to-silver ratio is also present, suggesting this is the core of the mineralized zone.
Drilling continues at Panuco, and the results will be released as they become available.
Vizsla has an option to over 75 km of veins, a 500-t/d mill, 35 km of underground development, tailings facilities, and more.
(This article first appeared in the Canadian Mining Journal)
