Vizsla Silver Announces Filing of Panuco Technical Report
VIZSLA SILVER ANNOUNCES FILING OF PANUCO
TECHNICAL REPORT
NYSE: VZLA TSX-V: VZLA
VANCOUVER, BC
,
April 7, 2022
/CNW/ -
Vizsla Silver Corp.
(TSXV: VZLA) (NYSE: VZLA) (
Frankfurt
: 0G3)
("
Vizsla
" or the "
Company
") is pleased to announce that, further to its news release dated
March 1, 2022
, it has
filed on SEDAR an independent technical report (the "Technical Report") containing a maiden mineral resource
estimate on the Company's
Panuco
silver-gold project. The Technical Report has an effective date of
March 1, 2022
and was prepared in accordance with National Instrument 43-101 –
Standards of Disclosure for Mineral Projects
("NI 43-101") by
Tim Maunula
, P.Geo., Principal Geologist, T. Maunula & Associates Consulting Inc and
Kevin
Murray
, P.Eng, Manager Process Engineering, Ausenco.
The Technical Report can be found under the Company's profile on SEDAR (
www.sedar.com
) and is also available
on the Company's website (
www.vizslasilvercorp.ca
).
Qualified Person
The independent Qualified Person for the Resource Estimate is
Tim Maunula
, P.Geo., Principal,
T. Maunula
&
Associates Consulting Inc., who has reviewed and approved the contents of this release. The independent
Qualified Person for Mineral Processing and Metallurgical Testing is
Kevin Murray
, P.Eng, Manager Process
Engineering Ausenco. In accordance with NI 43-101,
Martin Dupuis
, P.Geo., Vice President of Technical Services, 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 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
. To date, Vizsla has
completed over 140,000 metres of drilling at
Panuco
leading to the discovery of several new high-grade veins. For
2022, Vizsla has budgeted +120,000 metres of resource/discovery-based drilling, designed to upgrade, and expand
the maiden resource as well as test other high priority targets across the district.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
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; the ability of the communities in which
the Company operates to manage and cope with the implications of COVID-19; the economic and financial
implications of COVID-19 to the Company; 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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For further 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], Website: www.vizslasilvercorp.ca
CO: Vizsla Silver Corp.
CNW 08:28e 07-APR-22