Vizsla Silver Files PEA Technical Report ON the Panuco Project
VIZSLA SILVER FILES PEA TECHNICAL REPORT ON
THE PANUCO PROJECT
NYSE: VZLA TSXV: VZLA
VANCOUVER, BC
,
Aug. 28, 2024
/CNW/ -
Vizsla Silver Corp.
(TSXV: VZLA) (NYSE: VZLA) (
Frankfurt
: 0G3) ("
Vizsla
"
or the "
Company
") is pleased to announce the filing of a technical report titled, "Panuco Project – NI 43-101 Technical
Report and Preliminary Economic Assessment" (the "
PEA
"), with an effective date of
July 24, 2024
. The PEA was
independently completed for the Company by Ausenco Engineering Canada ULC, supported by Entech Mining Ltd. and
SGS Canada Inc., in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The
results of the PEA were previously announced in the Company's news release dated
July 24, 2024
.
The PEA is available under Vizsla Silver's SEDAR+ profile at
www.sedarplus.ca
or on the Company's website at
www.vizslasilvercorp.com
.
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
. To date, Vizsla Silver has
completed over 380,000 metres of drilling at
Panuco
leading to the discovery of several new high-grade veins. For 2024,
Vizsla Silver has budgeted +45,000 metres of resource/discovery-based drilling designed to upgrade and expand the
mineral 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. 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; 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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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], Website:
www.vizslasilvercorp.ca
CO: Vizsla Silver Corp.
CNW 16:24e 28-AUG-24