Vizsla Silver Announces 43% Increase IN Measured and Indicated Mineral Resources at Panuco, Including 46 Moz Grading 640 G/T Ageq IN First Measured Resource Estimate
VIZSLA SILVER ANNOUNCES 43% INCREASE IN MEASURED AND
INDICATED MINERAL RESOURCES AT PANUCO, INCLUDING 46 MOZ
GRADING 640 G/T AGEQ IN FIRST MEASURED RESOURCE ESTIMATE
NYSE: VZLA TSX: VZLA
VANCOUVER, BC
,
Jan. 6, 2025
/CNW/ -
Vizsla Silver Corp.
(NYSE: VZLA) (TSX: VZLA) (
Frankfurt
: 0G3) ("
Vizsla Silver
" or the "
Company
") is pleased to
announce the results of an updated mineral resource estimate ("
Updated
Mineral Resource Estimate
") for its flagship, 100% owned
Panuco
silver-gold project
(the "
Project
" or "
Panuco
") located in
Sinaloa, Mexico
. The Updated Mineral Resource Estimate was completed by
Allan Armitage
, Ph.D., P.Geo., of SGS
Geological Services.
Highlights of the Updated Mineral Resource Estimate, including a comparison to the previous mineral resource estimate released in
January 2024
:
43% increase in combined measured and indicated mineral resources from 155.8 to 222.4 Moz AgEq
Added 46 Moz AgEq in new measured resources and 176 Moz AgEq in new indicated resources
9.4% increase in combined measured and indicated grade at Copala (580 g/t to 635 g/t AgEq)
4.5% increase in global indicated grade (511 g/t to 534 g/t AgEq)
18% decrease in inferred mineral resources from 169.6 to 138.7 Moz AgEq mostly due to conversion to indicated resources
4.9% decrease in inferred grade (433 g/t to 412 g/t AgEq)
Key Statistics:
The Updated Mineral Resource represents less than 10% of the known vein strike of the newly consolidated district
91% of the value of the Updated Mineral Resource Estimate is comprised of precious metals, including 56% from silver
A total of 11 epithermal veins were included in the Updated Mineral Resource Estimate
Total all-in exploration cost of
US$0.41
/oz AgEq discovered
Combined Measured and Indicated Mineral Resources
are estimated at 12.96 million tonnes ("Mt") grading 307 grams per tonne ("g/t") silver, 2.49 g/t gold,
0.27% lead, and 0.85% zinc (
222.4 million ounces ("Moz")
silver equivalent
("AgEq") at
534 g/t
AgEq). The Updated Mineral Resource Estimate includes
measured mineral resources of 28.6 Moz of silver, 214 thousand ounces ("koz") of gold, 3.3 kilotonnes ("kt") of lead, and 7.9 kt of zinc (
46.1 Moz AgEq
) and
indicated mineral resources of 99.2 Moz of silver, 822 koz of gold, 31.6 kt of lead, and 102.3 kt of zinc (
176.3 Moz AgEq
).
Inferred Mineral Resources
are estimated at 10.5 Mt grading 219 g/t silver, 1.96 g/t gold, 0.30% lead, and 1.01% zinc (
412 g/t AgEq
). The Updated Mineral
Resource Estimate includes inferred mineral resources of 73.6 Moz of silver, 660 koz of gold, 31.2 kt of lead, and 106.2 kt of zinc (
138.7 Moz AgEq
).
The Updated Mineral Resource Estimate is centred on the western portion of
Panuco
, encompassing ~8.6 km of the known 86 km of cumulative vein strike in the
district. The Updated Mineral Resource Estimate includes 157 new infill/expansion holes (69,754 metres) completed by Vizsla Silver between
September 2023
and
September 2024
. In total, the Updated Mineral Resource Estimate is based on a total drill database of 979 holes (372,685 metres) completed by Vizsla
Silver since
November 2019
.
"We are pleased to announce the fourth significant resource update for the high-grade
Panuco
silver gold district,"
commented
Michael Konnert
, President and
CEO
. "This update comes just four years after the initial discovery was made at Napoleon and represents only a snapshot in time as every vein included in the
global project resource remains open for further expansion."
"Drilling throughout 2024 focused on converting resources within the
Copala
and Napoleon areas into higher confidence categories and was designed to in-fill
previously reported intercepts used for resource estimation in the Panuco Preliminary Economic Assessment published on
July 24, 2024
. Global Measured and
Indicated resources now stand at 222.4 Moz AgEq grading 534 g/t AgEq, representing a 43% increase in contained ounces and a 4.5% increase in average
grade, relative to the previous estimate. We are particularly excited to announce our first Measured Resource Estimate, containing 46 Moz at an average grade
of 640 g/t AgEq. The bulk of the Measured resource is located at
Copala
, in and around areas designated for the first few years of mining. This update reflects
the excellent mineralized continuity that exists at
Copala
. Reducing the space between drill holes at
Copala
to 25 metres has resulted in a significantly higher-
grade profile in the upper levels of the resource and PEA mine plan."
"Going forward, we continue to employ a dual track development approach at
Panuco
, advancing the Project through development towards production in the
back half of 2027, while continuing district scale exploration through low-cost means. Ongoing initiatives include a fully funded and permitted test mine
program, Feasibility Study and a 10,000-metre discovery-based drill campaign. This is a remarkable achievement that comes as a result of hard work and
perseverance. I want to thank everyone from the entire Vizsla team, including our contractors and local communities, and look forward to another successful
year in 2025."
Vizsla Silver will be hosting a webcast to discuss the Updated Mineral Resource Estimate at
10:00am PT on Thursday
, January 9, 2025.
To register,
please click
here.
A technical report is being prepared on the Updated Mineral Resource Estimate in accordance with National Instrument 43-101 ("
NI-43-101
") and will be available
on the Company's website and SEDAR within 45 days of the date of this release. The effective date of the Updated Mineral Resource Estimate is
September 9,
2024
.
Panuco Project Resource Summary (150 g/t AgEq cut-off)
1
Updated MRE
2
Previous MRE
Variance
Resource Class
M&I
Inferred
Indicated
Inferred
M&I
Inferred
Tonnes (MT)
12.96
10.50
9.50
12.20
3.46
-1.70
Au g/t
2.49
1.96
2.41
1.93
0.08
0.03
Ag g/t
307
219
289
239
17.84
-20.28
Pb %
0.27
0.30
0.27
0.29
0.00
0.01
Zn %
0.85
1.01
0.84
1.03
0.01
-0.02
AgEq (g/t)
534
412
511
433
22.81
-21.13
AuEq (g/t)
6.58
4.91
6.81
5.76
-0.23
-0.85
Au (koz)
1,036
660
736
758
300
-98
Ag (koz)
127,819
73,621
88,192
93,653
39,627
-20,032
Pb (kt)
34.9
31.2
56.0
35.4
-21
-4
Zn (kt)
110.2
106.2
79.9
125.3
30
-19
1
AgEq (koz)
222,362
138,711
155,841
169,647
66,521
-30,936
2
AuEq (koz)
2,739
1,654
2,076
2,261
663
-607
1
Metal price assumptions are $26.00/oz silver, $1,975/oz gold, $2,425/t lead and $2,976/t zinc.
2
Metal price assumptions are $24.00/oz silver, $1,800/oz gold, $2,425/t lead and $2,976/t zinc.
Panuco Project Measured, Indicated and Inferred Mineral Resource Summary by Vein (150 g/t AgEq cut-off)
Vein
Tonnes
Average Grade
Contained Metal
Ag
Au
Pb
Zn
AgEq
Au Eq
Ag
Au
Pb
Zn
1
AgEq
2
AuEq
(Mt)
(g/t)
(g/t)
( %)
( %)
(g/t)
(g/t)
(koz)
(koz)
(kt)
(kt)
(koz)
(koz)
Measured
Copala
1.88
442
3.09
0.08
0.15
684
8.92
26,744
187
1.4
2.9
41,418
540
Napoleon
0.36
161
2.34
0.51
1.41
404
4.55
1,853
27
1.8
5.1
4,638
52
Total
Measured
2.24
397
2.97
0.15
0.35
640
8.22
28,597
214
3.3
7.9
46,056
592
Indicated
Copala
4.29
402
2.50
0.09
0.17
600
7.80
55,374
345
3.8
7.2
82,781
1,076
Tajitos
0.72
380
2.34
0.14
0.25
571
7.36
8,833
55
1.0
1.8
13,277
171
Cristiano
0.36
610
3.67
0.25
0.45
912
11.73
7,102
43
0.9
1.6
10,614
137
Copala Area
Total
5.37
413
2.56
0.11
0.20
617
8.01
71,309
443
5.7
10.6
106,672
1,384
Napoleon
3.78
150
2.25
0.52
1.78
399
4.32
18,184
273
19.4
67.2
48,404
525
Napoleon HW
0.99
217
2.09
0.47
1.64
448
5.04
6,885
66
4.6
16.2
14,206
160
Luisa
0.49
143
2.12
0.31
1.44
364
4.08
2,238
33
1.5
7.0
5,693
64
Josephine
0.06
230
2.54
0.38
1.09
473
5.64
452
5
0.2
0.7
928
11
Cruz
0.03
145
2.01
0.38
2.01
380
4.03
154
2
0.1
0.7
403
4
NP Area Total
5.34
163
2.21
0.49
1.72
405
4.44
27,913
379
25.9
91.7
69,634
763
Total
Indicated
10.72
288
2.39
0.30
0.95
512
6.23
99,222
822
31.6
102.3
176,306
2,147
Measured & Indicated
Total M&I
12.96
307
2.49
0.27
0.85
534
6.58
127,819
1,036
34.9
110.2
222,362
2,739
Inferred
Copala
2.32
322
1.83
0.16
0.27
476
6.09
24,014
137
3.7
6.2
35,452
454
Tajitos
0.89
346
2.08
0.27
0.43
527
6.66
9,936
60
2.4
3.9
15,132
191
Cristiano
0.34
460
2.49
0.16
0.31
665
8.57
4,959
27
0.5
1.0
7,168
92
Copala Area
Total
3.55
341
1.96
0.19
0.31
507
6.48
38,909
224
6.7
11.1
57,752
739
Napoleon
2.28
159
1.46
0.44
1.63
340
3.64
11,637
107
10.0
37.1
24,941
267
Napoleon HW
0.59
202
2.12
0.64
2.15
458
4.91
3,800
40
3.7
12.6
8,619
92
Luisa
2.83
132
2.24
0.28
1.24
355
4.05
12,049
204
8.1
35.2
32,307
369
Josephine
0.21
176
1.81
0.34
1.01
360
4.19
1,180
12
0.7
2.1
2,406
28
Cruz
0.35
171
3.58
0.30
1.64
510
5.92
1,907
40
1.0
5.7
5,676
66
NP Area Total
6.25
152
2.00
0.38
1.48
368
4.09
30,573
403
23.5
92.6
73,949
822
*San Antonio
0.30
226
1.30
0.01
0.03
325
4.33
2,038
12
0.0
0.1
2,936
39
*Animas
0.40
169
1.68
0.29
0.60
327
4.37
2,101
21
1.1
2.3
4,074
54
Total Inferred
10.50
219
1.96
0.30
1.01
412
4.91
73,621
660
31.2
106.2
138,711
1,654
Note:
1
AgEq = Ag ppm + (((Au ppm x Au price/gram) + (Pb% x Pb price/t) + (Zn% x Zn price/t))/Ag price/gram). Metal price assumptions are $26.00/oz silver, $1,975/oz gold, $2,425/t lead and $2,976/t zinc.
2
AuEq = Au ppm + (((Ag ppm x Ag price/gram) + (Pb% x Pb price/t) + (Zn% x Zn price/t))/Au price/gram). Metal price assumptions are $26.00/oz silver, $1,975/oz gold, $2,425/t lead and $2,976/t zinc.
*Animas and San Antonio use metal price assumptions are $24.00/oz silver, $1,800/oz gold, $2,425/t lead and $2,976/t zinc.
Panuco Project Measured, Indicated & Inferred Mineral Resource Sensitivity Table
Classification
Tonnes
Average Grade
Contained Metal
COG AgEq
Ag
Au
Pb
Zn
AgEq
AuEq
Ag
Au
Pb
Zn
1
AgEq
2
AuEq
(Mt)
(g/t)
(koz)
( %)
( %)
(g/t)
(g/t)
(koz)
(koz)
(kt)
(kt)
(koz)
(koz)
Measured
300
1.61
505
3.70
0.15
0.33
803
10.37
26,174
192
2.4
5.4
41,645
538
250
1.80
468
3.48
0.15
0.35
749
9.67
27,069
201
2.7
6.2
43,259
559
200
1.99
435
3.24
0.15
0.35
698
8.99
27,848
207
3.0
7.0
44,665
575
150
2.24
397
2.97
0.15
0.35
640
8.22
28,597
214
3.3
7.9
46,056
592
120
2.40
376
2.83
0.14
0.35
606
7.80
28,966
218
3.4
8.3
46,731
601
100
2.52
361
2.71
0.14
0.34
583
7.48
29,201
219
3.5
8.6
47,151
605
Indicated
300
6.45
409
3.32
0.33
1.01
707
8.77
84,819
689
21.2
65.3
146,506
1,818
250
7.59
368
3.00
0.32
1.01
642
7.90
89,848
732
24.5
77.0
156,602
1,929
200
9.00
327
2.70
0.31
0.99
576
7.07
94,704
781
27.8
89.0
166,714
2,044
150
10.72
288
2.39
0.30
0.95
512
6.23
99,222
822
31.6
102.3
176,306
2,147
120
12.07
263
2.18
0.28
0.91
469
5.70
102,055
846
33.6
110.0
182,123
2,210
100
13.13
246
2.04
0.27
0.88
440
5.33
103,884
862
35.0
115.1
185,927
2,251
Inferred*:
300
4.98
336
2.94
0.39
1.25
615
7.43
53,734
471
19.5
62.4
98,509
1,190
250
6.18
297
2.61
0.36
1.20
549
6.59
59,000
519
22.5
74.0
109,085
1,309
200
7.70
259
2.30
0.34
1.14
485
5.78
64,200
570
26.0
87.5
120,017
1,431
150
9.80
221
1.99
0.31
1.06
418
4.95
69,482
627
30.1
103.7
131,701
1,561
120
11.26
200
1.80
0.29
1.02
381
4.49
72,324
653
33.1
114.4
138,018
1,626
100
12.38
186
1.68
0.28
0.97
357
4.18
74,139
667
35.1
120.5
141,975
1,665
*Does not include Animas or San Antonio
Panuco Project Updated Mineral Resource Estimate Notes:
The updated mineral resource was estimated by Allan Armitage, Ph.D., P. Geo. of SGS Geological Services and is an independent Qualified Person as
defined by NI 43-101. Mr. Armitage conducted three site visits to the Property:
May 29, 2023
,
November 6 to November 8, 2023
, and
May 23, 2024
.
The classification of the Updated Mineral Resource Estimate into Measured, Indicated and Inferred mineral resources is consistent with current 2014 CIM
Definition Standards for Mineral Resources and Mineral Reserves.
The effective date for the Updated Mineral Resource Estimate is
September 9, 2024
.
All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.
All mineral resources are presented undiluted and in situ, constrained by continuous 3D wireframe models (considered mineable shapes), and are considered
to have reasonable prospects for eventual economic extraction.
Mineral resources are not mineral reserves. Mineral resources which are not mineral reserves, do not have demonstrated economic viability. An Inferred
Mineral Resource has a lower level of confidence than that applying to an Indicated or Measured Mineral Resource and must not be converted to a Mineral
Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated or Measured Mineral Resources with
continued exploration.
The database comprises a total of 979 drill holes for 372,685 metres of drilling completed by Vizsla Silver between
November 2019
and
September 2024
.
The mineral resource estimate is based on 29 three-dimensional ("3D") resource models, constructed in Leapfrog, representing the Napoleon-Cruz-Josephine
area (13 wireframes), Luisa area (3 wireframes), the
Copala
-Tajitos-Cristiano area (7 wireframes), Animas (5 wireframes) and
San Antonio
(1 wireframe).
Silver, gold, lead and zinc were estimated for each mineralization domain in the Panuco Project. Blocks within each mineralized domain were interpolated
using 1.5 metre capped composites assigned to that domain. To generate grade within the blocks, the inverse distance squared (ID
2
) interpolation method
was used for all domains. All estimates are based on variable block dimensions (by deposit area) and estimation search parameters (by domain).
Average density values were assigned per zone based on 2,293 samples analysed by ALS in
Zacatecas, Mexico
or inhouse plus 16% standards, duplicates
and sample checks.
It is envisioned that the Panuco Project deposits may be mined using underground mining methods. Mineral resources are reported at a base case cut-off
grade of 150 g/t AgEq. The mineral resource grade blocks were quantified above the base case cut-off grade, below surface and within the constraining
mineralized wireframes.
The base-case AgEq Cut-off grade considers metal prices of
$26.00
/oz Ag,
$1,975
/oz Au,
$2425
/t Pb and
$2976
/t Zn and considers metal recoveries of
93% for silver, 90% for gold, 94% for Pb and 94% for Zn.
The base case cut-off grade of 150 g/t AgEq considers a mining cost of
US$45.00
/t rock and processing, treatment and refining, transportation and G&A
cost of
US$50.00
/t of mineralized material.
The Updated Mineral Resource Estimate may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other
relevant issues.
The Company remains well-funded for its 2025 operational objectives including 1) a fully permitted bulk sample test mine program, 2) updated metallurgical test
work, 3) delivery of a Feasibility Study and 4) ongoing discovery-based drilling designed to test high priority targets located in the eastern areas of the district.
Depending on ongoing exploration success, the Company plans to publish a further update to the Updated Mineral Resource Estimate in the second half of 2025.
Discovery Costs
To date, the Company has incurred an aggregate of approximately
US$146.7 million
in exploration expenditures over the life of the Project. This equates to an
estimated discovery cost per silver equivalent ounce of
US$0.41
for resources defined in the Updated Mineral Resource Estimate.
About the
Panuco
project
The newly consolidated
Panuco
silver-gold project is an emerging high-grade discovery located in southern
Sinaloa, Mexico
, near the city of Mazatlán. The
17,856.5-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.
The district contains 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.
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.
Quality Assurance / Quality Control
Drill core and rock samples were shipped to ALS Limited in
Zacatecas
,
Zacatecas, Mexico
and in
North Vancouver, Canada
for sample preparation and for
analysis at the ALS laboratory in North Vancouver. The ALS Zacatecas and
North Vancouver
facilities are ISO 9001 and ISO/IEC 17025 certified. Silver and
base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption ("AA")
spectroscopy finish. Over limit analyses for silver, lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.
Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and analyzed as part
of the Company's quality assurance / quality control protocol.
Qualified Person
The Updated Mineral Resource Estimate was completed by
Allan Armitage
, Ph.D., P.Geo., of SGS Geological Services. Mr. Armitage is an independent Qualified
Person as defined by NI 43-101. Mr. Armitage has reviewed and approved the technical contents of this news release.
Information Concerning Estimates of Mineral Resources
The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the
U.S. Securities and Exchange Commission (the "
SEC
"). The terms "measured mineral resource", "indicated mineral resource" and "inferred mineral resource"
used herein are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the "CIM Definition Standards"),
which definitions have been adopted by NI 43-101. Accordingly, information contained herein providing descriptions of our mineral deposits in accordance with NI
43-101 may not be comparable to similar information made public by other U.S. companies subject to
the United States
federal securities laws and the rules and
regulations thereunder.
You are cautioned not to assume that any part or all of the mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "inferred
mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and
sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of
confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the
majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred
mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of
an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian
regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and
grade without reference to unit measures.
The SEC adopted new mining disclosure rules Pursuant to subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC
Modernization Rules"). As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources",
"indicated mineral resources" and "inferred mineral resources". As an eligible issuer under the Multijurisdictional Disclosure System the Company is exempt from
compliance with the SEC Modernization Rules and information regarding mineral resources contained or referenced herein may not be comparable to similar
information made public by companies that report according to the SEC Modernization Rules. While the SEC Modernization Rules are purported to be
"substantially similar" to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM
Definitions Standards. Accordingly, there is no assurance any mineral resources that the Company may report as "measured mineral resources", "indicated
mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the resource estimates under the standards
adopted under the SEC Modernization Rules.
Website:
www.vizslasilvercorp.com
X:
https://x.com/VizslaSilver
LinkedIn:
https://www.linkedin.com/company/vizsla-silver
YouTube:
https://www.youtube.com/@VizslaSilver
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 drilling programs; the
potential for underground mining methods; the preparation of a technical report on the Updated Mineral Resource Estimate; ongoing initiatives including a test mine
program, feasibility study and 10,000 metre drill program; and the potential further update to the Updated Mineral Resource Estimate in the second half of 2025.
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; 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.
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For further information:
Contact Information: For more information and to sign-up to the mailing list, please contact: Michael Konnert, President and Chief
Executive Officer, Tel: (604) 364-2215, Email: [email protected]
CO: Vizsla Silver Corp.
CNW 06:00e 06-JAN-25