NYSE: VZLA TSX: VZLA
VANCOUVER, BC, Feb. 20,
2025 /PRNewswire/ - Vizsla Silver Corp. (TSX:
VZLA) (NYSE: VZLA) (Frankfurt:
0G3) ("Vizsla Silver" or the "Company") is pleased to
announce that, further to its news release dated January 6, 2025, it has filed an independent
technical report (the "Technical Report") containing an
updated mineral resource estimate on the Company's Panuco silver-gold project. The Technical
Report has an effective date of September 9,
2024, and was prepared in accordance with National
Instrument 43-101 – Standards of Disclosure for Mineral
Projects ("NI 43-101") by Allan
Armitage, Ph. D., P. Geo., Ben
Eggers, MAIG, P.Geo., and Henri
Gouin, P.Eng. of SGS Geological Services and Peter
Mehrfert, P.Eng., James Millard,
P.Geo., Scott Elfen, P.E., and Jonathan Cooper, P.Eng. of Ausenco Engineering
Canada ULC.
The Technical Report can be found under the Company's profile on
SEDAR+ (www.sedarplus.ca) and is also available on the Company's
website (www.vizslasilvercorp.com).
Qualified Person
The independent Qualified Person for the updated mineral
resource estimate is by Allan
Armitage, Ph.D., P.Geo., of SGS Geological Services, who has
reviewed and approved the contents of this release. In accordance
with NI 43-101, Jesus Velador, Ph.D.
MMSA QP., Vice President of Exploration, is the Qualified Person
for the Company and has validated and approved the technical and
scientific content of this news release.
About Vizsla Silver
Vizsla Silver is a Canadian mineral exploration and development
company headquartered in Vancouver,
BC, focused on advancing its flagship, 100%-owned
Panuco silver-gold project located
in Sinaloa, Mexico. The Company
recently completed a Preliminary Economic Study for Panuco in July
2024 which highlights 15.2 Moz AgEq of annual production
over an initial 10.6-year mine life, an after-tax NPV5% of
US$1.1B, 86% IRR and a 9-month
payback at US$26/oz Ag and
US$1,975/oz Au. Vizsla Silver aims to
become the world's leading silver company by implementing a dual
track development approach at Panuco, advancing mine development, while
continuing district scale exploration through low-cost means.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward–Looking Statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and "forward–looking information"
under applicable Canadian securities laws. When used in this news
release, the words "anticipate", "believe", "estimate", "expect",
"target", "plan", "forecast", "may", "would", "could", "schedule"
and similar words or expressions, identify forward–looking
statements or information. These forward–looking statements or
information relate to, among other things: the exploration,
development, and production at Panuco, including plans for
resource/discovery-based drilling, designed to upgrade, and expand
the maiden resource as well as test other high priority targets
across the district.
Forward–looking statements and forward–looking information
relating to any future mineral production, liquidity, enhanced
value and capital markets profile of Vizsla Silver, future growth
potential for Vizsla Silver and its business, and future
exploration plans are based on management's reasonable assumptions,
estimates, expectations, analyses and opinions, which are based on
management's experience and perception of trends, current
conditions and expected developments, and other factors that
management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Assumptions
have been made regarding, among other things, the price of silver,
gold, and other metals; no escalation in the severity of the
COVID-19 pandemic; costs of exploration and development; the
estimated costs of development of exploration projects; Vizsla
Silver's ability to operate in a safe and effective manner and its
ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver's respective current
views with respect to future events and are necessarily based upon
a number of other assumptions and estimates that, while considered
reasonable by management, are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. Many factors, both known and unknown, could
cause actual results, performance, or achievements to be materially
different from the results, performance or achievements that are or
may be expressed or implied by such forward-looking statements or
forward-looking information and Vizsla Silver has made assumptions
and estimates based on or related to many of these factors. Such
factors include, without limitation: the Company's dependence on
one mineral project; precious metals price volatility; risks
associated with the conduct of the Company's mining activities in
Mexico; regulatory, consent or
permitting delays; risks relating to reliance on the Company's
management team and outside contractors; risks regarding mineral
resources and reserves; the Company's inability to obtain insurance
to cover all risks, on a commercially reasonable basis or at all;
currency fluctuations; risks regarding the failure to generate
sufficient cash flow from operations; risks relating to project
financing and equity issuances; risks and unknowns inherent in all
mining projects, including the inaccuracy of reserves and
resources, metallurgical recoveries and capital and operating costs
of such projects; contests over title to properties, particularly
title to undeveloped properties; laws and regulations governing the
environment, health
and safety; operating or technical difficulties in connection
with mining or development activities; employee relations, labour
unrest or unavailability; the Company's interactions with
surrounding communities and artisanal miners; the Company's ability
to successfully integrate acquired assets; the speculative nature
of exploration and development, including the risks of diminishing
quantities or grades of reserves; stock market volatility;
conflicts of interest among certain directors and officers; lack of
liquidity for shareholders of the Company; litigation risk; and the
factors identified under the caption "Risk Factors" in Vizsla
Silver's management discussion and analysis. Readers
are cautioned against attributing undue certainty to
forward-looking statements or forward-looking information. Although
Vizsla Silver has attempted to identify important factors that
could cause actual results to differ materially,
there may be other factors that cause results not to be
anticipated, estimated or intended. Vizsla Silver does not intend,
and does not assume any obligation, to update these forward-looking
statements or forward-looking information to reflect changes in
assumptions or changes in circumstances or any other events
affecting such statements or information, other than as required by
applicable law.
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SOURCE Vizsla Silver Corp.
