VIZSLA SILVER ANNOUNCES RESUMPTION OF FIELD WORK ACTIVITIES AT ITS PANUCO PROJECT IN MEXICO
Vizsla Silver (NYSE: VZLA) has announced the resumption of field work activities at its Panuco silver-gold Project in Western Mexico. The company has restarted various operations including test mine development, geotechnical drilling, exploration drilling, mapping, and geophysical surveys following the normalization of security conditions in the region.
All employees, contractors, and consultants have completed Health and Safety refresher courses before returning to work. The underground test mine development continues on schedule and within budget, with the portal box cut completed and ramp development in progress. The company is currently operating two exploration rigs and is conducting mapping and geophysics around the Copala Resource to identify similar target areas across the district.
Vizsla Silver reports being well-funded and anticipates consistent news flow in the coming months, with upcoming catalysts including a Feasibility Study and potential advancement of a second project in the latter half of 2025.
Vizsla Silver (NYSE: VZLA) ha annunciato la ripresa delle attività sul campo presso il suo Progetto argento-oro Panuco nel Messico occidentale. La società ha riavviato diverse operazioni, tra cui lo sviluppo della miniera di prova, perforazioni geotecniche, perforazioni esplorative, mappature e indagini geofisiche, a seguito della normalizzazione delle condizioni di sicurezza nella regione.
Tutti i dipendenti, appaltatori e consulenti hanno completato corsi di aggiornamento sulla salute e sicurezza prima di tornare al lavoro. Lo sviluppo della miniera di prova sotterranea procede secondo i tempi previsti e nel rispetto del budget, con il taglio del portale completato e lo sviluppo della rampa in corso. Attualmente, l'azienda sta operando con due trivelle esplorative e sta conducendo mappature e studi geofisici intorno alla Risorsa Copala per individuare aree target simili in tutto il distretto.
Vizsla Silver dichiara di essere ben finanziata e prevede un flusso costante di notizie nei prossimi mesi, con catalizzatori imminenti come uno Studio di Fattibilità e il possibile avanzamento di un secondo progetto nella seconda metà del 2025.
Vizsla Silver (NYSE: VZLA) ha anunciado la reanudación de las actividades de campo en su Proyecto de plata y oro Panuco en el oeste de México. La compañía ha retomado diversas operaciones, incluyendo el desarrollo de una mina de prueba, perforaciones geotécnicas, perforaciones exploratorias, mapeo y estudios geofísicos, tras la normalización de las condiciones de seguridad en la región.
Todos los empleados, contratistas y consultores completaron cursos de actualización en salud y seguridad antes de regresar al trabajo. El desarrollo de la mina de prueba subterránea continúa según lo programado y dentro del presupuesto, con el corte del portal completado y el desarrollo de la rampa en progreso. Actualmente, la empresa opera dos equipos de perforación exploratoria y realiza mapeo y estudios geofísicos alrededor del Recurso Copala para identificar áreas objetivo similares en todo el distrito.
Vizsla Silver informa estar bien financiada y anticipa un flujo constante de noticias en los próximos meses, con catalizadores próximos que incluyen un Estudio de Factibilidad y el posible avance de un segundo proyecto en la segunda mitad de 2025.
Vizsla Silver (NYSE: VZLA)는 멕시코 서부에 위치한 Panuco 은-금 프로젝트의 현장 작업 활동 재개를 발표했습니다. 회사는 지역 내 보안 상황이 정상화됨에 따라 시험광산 개발, 지반조사 시추, 탐사 시추, 지도 작성 및 지구물리 조사 등 다양한 작업을 재개했습니다.
모든 직원, 계약자 및 컨설턴트는 복귀 전에 보건 및 안전 재교육 과정을 이수했습니다. 지하 시험광산 개발은 일정과 예산 내에서 진행 중이며, 입구 박스 컷이 완료되고 경사로 개발이 진행 중입니다. 현재 회사는 두 대의 탐사 드릴 장비를 운영 중이며, 코팔라 자원 주변에서 지도 작성과 지구물리 조사를 수행하여 지구 내 유사 목표 지역을 식별하고 있습니다.
Vizsla Silver는 자금이 충분하며 향후 몇 달간 꾸준한 뉴스 흐름을 예상하고 있으며, 곧 있을 촉매제로는 타당성 조사와 2025년 하반기에 두 번째 프로젝트의 잠재적 진전이 포함됩니다.
Vizsla Silver (NYSE : VZLA) a annoncé la reprise des travaux sur le terrain de son projet argent-or Panuco dans l'ouest du Mexique. La société a relancé plusieurs opérations, notamment le développement d'une mine d'essai, des forages géotechniques, des forages d'exploration, la cartographie et des levés géophysiques, suite à la normalisation des conditions de sécurité dans la région.
Tous les employés, sous-traitants et consultants ont suivi des formations de remise à niveau en santé et sécurité avant de reprendre le travail. Le développement de la mine d'essai souterraine se poursuit selon le calendrier et le budget prévus, avec la coupe du portail terminée et le développement de la rampe en cours. La société exploite actuellement deux foreuses d'exploration et réalise des cartographies et des études géophysiques autour de la ressource Copala afin d'identifier des zones cibles similaires dans tout le district.
Vizsla Silver indique être bien financée et prévoit un flux d'informations régulier dans les mois à venir, avec des catalyseurs à venir tels qu'une étude de faisabilité et une possible avancée d'un second projet dans la seconde moitié de 2025.
Vizsla Silver (NYSE: VZLA) hat die Wiederaufnahme der Feldarbeiten an seinem Panuco Silber-Gold-Projekt im Westen Mexikos bekannt gegeben. Das Unternehmen hat verschiedene Aktivitäten wieder aufgenommen, darunter die Entwicklung einer Testmine, geotechnische Bohrungen, Explorationsbohrungen, Kartierungen und geophysikalische Untersuchungen, nachdem sich die Sicherheitslage in der Region normalisiert hat.
Alle Mitarbeiter, Auftragnehmer und Berater haben vor ihrer Rückkehr zur Arbeit Auffrischungskurse zu Gesundheit und Sicherheit absolviert. Die Entwicklung der unterirdischen Testmine verläuft planmäßig und im Budget, der Portal-Box-Cut ist abgeschlossen und der Rampenbau ist im Gange. Das Unternehmen betreibt derzeit zwei Explorationsbohranlagen und führt Kartierungen sowie Geophysik rund um die Copala-Ressource durch, um ähnliche Zielgebiete im gesamten Bezirk zu identifizieren.
Vizsla Silver berichtet, gut finanziert zu sein, und erwartet in den kommenden Monaten einen stetigen Nachrichtenfluss, mit bevorstehenden Katalysatoren wie einer Machbarkeitsstudie und der möglichen Weiterentwicklung eines zweiten Projekts in der zweiten Hälfte des Jahres 2025.
- Test mine development continues on schedule and within budget
- Company is well-funded for current operations
- Two exploration rigs are actively operating
- Upcoming Feasibility Study as a potential catalyst
- Potential for a second project in H2 2025
- Previous security issues in the region caused temporary work stoppage
- Required Health and Safety refresher courses for all personnel before resuming operations
Insights
Vizsla's resumption of operations at Panuco after security issues shows no material impact on test mining schedule/budget, with exploration continuing and feasibility study approaching.
Vizsla Silver's announcement of resumed field activities at the Panuco project represents a positive operational development following a security-related work stoppage in Western Mexico. The company has confirmed that test mine development continues with no material impact on schedule or budget, which is significant given that interruptions in mining development typically result in costly delays.
The technical progress is evident with the portal box cut already completed and ramp development advancing. This underground access work represents a critical path item for the project's advancement. The company has appropriately prioritized safety by implementing a health and safety refresher course for all personnel before resuming operations.
From an exploration perspective, Vizsla is maintaining momentum with two exploration rigs currently operating. Their strategy appears focused on leveraging their recent Animas discovery while using downtime to optimize exploration approaches. The ongoing mapping and geophysical work around the Copala Resource area aims to identify similar geological signatures elsewhere in the district, which represents a methodical approach to target generation.
The mention of an upcoming Feasibility Study signals that the project is advancing toward potentially more definitive development decisions. This technical milestone, when completed, will provide a comprehensive economic assessment of the Panuco project and represents a significant de-risking step in the project development sequence.
Normalized security conditions allow Vizsla to resume Panuco operations without timeline delays, maintaining momentum toward feasibility study and exploration milestones.
This operational update from Vizsla Silver provides important clarity regarding the project status following what appears to have been a security-related interruption. The confirmation that test mine development continues with no material impact on schedule and budget preserves the critical development timeline, which is particularly important for pre-production mining companies where delays typically increase costs and postpone value creation milestones.
The company's statement about being "well funded" suggests sufficient capital resources to execute current work programs without immediate financing needs. This financial position allows Vizsla to simultaneously advance both the test mining activities and the exploration program with two drilling rigs, creating multiple potential value catalysts.
The upcoming Feasibility Study represents a significant milestone that will provide more definitive project economics and technical parameters. For development-stage miners, this technical study typically serves as an important re-rating opportunity as it substantially reduces project uncertainty and establishes more concrete valuation metrics.
The exploration focus on both the new Animas discovery and identifying similar geological signatures across the district demonstrates a balanced approach to potentially expanding the resource base beyond current estimates. The reference to potentially locating "Project #2" in the second half of the year suggests additional discovery potential that could enhance the overall project value proposition.
With multiple concurrent work streams and the promise of consistent news flow in the coming months, Vizsla appears positioned to deliver several potential catalysts that could influence market perception of the Panuco project's scale and economic potential.
NYSE: VZLA TSX: VZLA
"With security conditions now normalized in the region we have resumed our on-site work programs at
About the Panuco Project
The newly consolidated
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.
On January 6, 2025, the Company announced an updated mineral resource estimate for
About Vizsla Silver
Vizsla Silver is a Canadian mineral exploration and development company headquartered in
Quality Assurance / Quality Control
Drill core samples were shipped to ALS Limited in
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 NI 43-101, Jesus Velador, Ph.D. MMSA QP, Vice President of Exploration, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
Information Concerning Estimates of Mineral Resources
The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the
You are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC Modernization Rules"), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". Information regarding mineral resources contained or referenced herein may not be comparable to similar information made public by companies that report according to
Website: www.vizslasilvercorp.ca
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 impact on the work pause on the Company's budget and work program planned for 2025.
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
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SOURCE Vizsla Silver Corp.
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