Vizsla Silver Announces Filing of Updated Technical Report
VIZSLA SILVER ANNOUNCES FILING OF UPDATED
TECHNICAL REPORT
NYSE: VZLA TSX: VZLA
VANCOUVER, BC
,
Feb. 20, 2025
/CNW/ -
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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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], Website:
www.vizslasilvercorp.ca
CO: Vizsla Silver Corp.
CNW 12:30e 20-FEB-25