Vizsla Silver Publishes Inaugural Sustainability Report
VIZSLA SILVER PUBLISHES INAUGURAL
SUSTAINABILITY REPORT
VANCOUVER, BC
,
Dec. 18, 2023
/CNW/ -
Vizsla Silver Corp.
(TSXV: VZLA) (NYSE: VZLA)
(
Frankfurt
: 0G3) ("
Vizsla Silver
" or the "
Company
") is pleased to announce the release of its
inaugural Sustainability Report (the "
Report
"), highlighting the Company's commitment to sustainable
practices and responsible corporate citizenship.
"
Vizsla has always placed sustainability at the heart of its strategy
," commented
Michael Konnert
,
President and CEO. "
This inaugural Report demonstrates our ongoing commitment to the
environment, our people, the communities in which we operate, and our high standards of
corporate governance. Furthermore, the Report highlights the Company's ethical leadership,
dedication to transparency, accountability, and the continuous improvement of its sustainability
practices. I am very proud of the progress Vizsla has made so far as we position ourselves to be
the leaders in regenerative mining practices
."
The Report provides detailed insights into Vizsla's performance and initiatives across three key
pillars of sustainability – environmental stewardship, social responsibility, and ethical governance.
Key performance highlights include:
Environmental:
Commissioned a greenhouse gas inventory – the first step in reducing the Company's carbon
footprint; and
Explored options to incorporate on-site renewable energy.
Social:
Increased health and well-being of local Mexican residents through bi-annual health fairs and
community health campaigns; and
Achieved a safety milestone – exceeding one million consecutive work hours without a lost time
incident.
Governance:
Prepared inaugural Sustainability Report; and
Began utilizing a new software platform to track and enhance ESG performance.
Vizsla's 2023 Report was prepared by a third party and is aligned with the IFRS Foundation
International Sustainability Standards Board SASB Metals and Mining Standard. The Report includes
goals, actions, and performance metrics, providing stakeholders an opportunity to gain a
comprehensive understanding of the Company's sustainability journey. The Report will be shared
through various communication channels, including the Company's website. To view the full 2023
Sustainability Report, please visit
www.vizslasilvercorp.ca
.
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 7,189.5-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.
The Panuco Project hosts an estimated in-situ indicated mineral resource of 104.8 Moz AgEq and an
in-situ inferred resource of 114.1 Moz AgEq. An updated NI 43-101 technical report titled "Technical
Report on the Mineral Resource Estimate Update for the Panuco Ag-Au-Pb-Zn Project, Sinaloa
State,
Mexico
" was filed on SEDAR on
March 10, 2023
, with an effective date of
January 19, 2023
was prepared by Allan Armitage, Ph. D., P. Geo., Ben Eggers, MAIG, P.Geo. and Yann Camus,
P.Eng. of SGS Geological Services.
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 310,000 metres of drilling at
Panuco
leading to the discovery of several new high-grade veins. For 2023, Vizsla Silver has budgeted
+90,000 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.
Appointment of Sideways Frequency LLC
Vizsla would also like to announce that, subject to regulatory approval, it has retained Sideways
Frequency LLC ("
SFLLC
") to provide certain marketing services to the Company in compliance with
the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Under the
agreement, the Company will pay SFLLC
USD$250,000
for the initial six-month term and grant
250,000 options exercisable at a price of
$1.53
. Vizsla has a right to renew the agreement at any
point during the six-month term. SFLLC is at arm's length to the Company, and neither holds any
securities of the Company nor has any interest, direct or indirect, in the Company.
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
.
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.
SOURCE
Vizsla Silver Corp.
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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 08:00e 18-DEC-23