Mr. Michael Konnert reports
VIZSLA SILVER ANNOUNCES RESUMPTION OF FIELD WORK ACTIVITIES AT ITS PANUCO PROJECT IN MEXICO
Vizsla Silver Corp. has resumed all fieldwork activities at its flagship Panuco silver-gold project, located in western Mexico. Continuing programs include test mine development, geotechnical drilling, exploration drilling, mapping and geophysical surveys.
"With security conditions now normalized in the region, we have resumed our on-site work programs at Panuco," commented Michael Konnert, president and chief executive officer. "In connection with the restart, all Vizsla Silver employees, contractors and consultants have completed a health and safety refresher course and are back working on their respective project areas. Advancement of the underground test mine continues with no material impact on schedule and budget. The portal box cut is complete, and ramp development is progressing. Regarding exploration, we have been able to use this downtime to assess our recently announced discovery at Animas and optimize the current exploration strategy. This is supported by ongoing mapping and geophysics around the Copala resource to prioritize target areas with similar characteristics across the district. Looking ahead, we anticipate consistent news flow over the coming weeks and months as we continue to advance test mine development and progress through the exploration programs. With two exploration rigs turning and several upcoming potential catalysts, including a feasibility study, Vizsla Silver is well funded and well positioned to advance Panuco project No. 1 and potentially locate project No. 2 in the second half of the year."
About Vizsla Silver Corp.
Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, B.C., focused on advancing its flagship, 100-per-cent-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 million silver equivalent ounces of annual production over an initial 10.6-year mine life, an after-tax net present value at a 5-per-cent discount of $1.1-billion (U.S.), an 86-per-cent internal rate of return, and a nine-month payback at $26 (U.S.) per oz Ag and $1,975 (U.S.) per oz Au. Vizsla Silver aims to become the world's leading silver company by implementing a dual-track development approach at Panuco and advancing mine development, while continuing district-scale exploration through low-cost means.
Quality assurance/quality control
Drill core samples were shipped to ALS Ltd. in Zacatecas, Mexico, and in North Vancouver, Canada, for sample preparation and for analysis, and rock samples were shipped to SGS in Durango, Mexico, for sample preparation and analysis. The ALS facilities and SGS laboratory 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 a 30-gram fire assay with atomic absorption spectroscopy finish. Overlimit analyses for silver, lead and zinc were reassayed 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
In accordance with National Instrument 43-101, Dr. Jesus Velador, PhD, MMSA, vice-president of exploration, the qualified person for the company, has reviewed and approved the technical and scientific content of this news release.
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