Vizsla Silver Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

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 has completed over 120,000 meters of drilling at Panuco leading to an in situ mineral resource estimate containing 61.1Moz AgEq indicated and 45.6Moz inferred (see Company news release dated March 1, 2022). For 2022, Vizsla has budgeted +120,000 meters of resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.

FLAGSHIP PROJECT

Panuco Silver-Gold Project, Mexico

• Location
• Situated along a prolific silver trend in western Mexico that hosts First Majestic’s flagship San Dimas mine, only 80 km away
• 100% owned District Scale
• ~6,800-hectare land package that has never been systematically explored on a consolidated basis
• Permitted with Access to Infrastructure
• A past producing district that benefits from power, water and road access and includes a permitted mill (500tpd)
• Advancing Two High-Grade Discoveries
• Napoleon and Tajitos (precious metal rich veins)
• 13 drill rigs
• 6 resource delineation, 7 exploration

District-Scale Potential

• Resource Target Areas represent only a small portion of the Panuco project
• To date only 28% of the known targets at Panuco have been drill tested
• Seven drill rigs devoted to exploration drilling
• Highlights from 2021 drilling include:
• NP-21-104: 3,707 g/t Silver Equivalent (AgEq) over 3.5 metres true width (mTW)
• NP-21-94: 2,758 g/t AgEq over 4.5 mTW
• CS-21-90: 3,701 g/t AgEq over 2.3 mTW
• CS-21-99: 804 g/t AgEq over 10.5 mTW
• NP-21-149: 1,296 g/t AgEq over 5.9 mTW
• CO-21-44: 1,283 g/t AgEq over 2.07 mTW

Electromagnetics (EM) – Keys to the District

• EM target confirmed by high-grade Josephine Vein Discovery
• Fixed Loop trial EM correlates to known massive sulphide mineralization at Napoleon
• EM has only tested the Napoleon and Cinco Senores corridors
• Property-wide EM and airborne magnetic surveys planned

Advancing to Maiden Resource

Achieved

• Execution of option agreement to acquire 100% ownership of Panuco project, including the El Coco Mill (500tpd fully permitted flotation plant)
• >120,000 m of drilling completed by Vizsla
• Multiple high-grade vein discoveries

In Progress

• Resource delineation drilling at Napoleon and Tajitos
• Ongoing exploration drilling of high priority targets
• Preliminary metallurgical testing (initial results see news release dated February 17, 2022)
• Initial geotechnical and hydrogeological studies
• Baseline environmental work

Next Steps

• Conduct Property-wide electromagnetic (EM) and airborne magnetic surveys in early 2022
• Publish maiden NI 43-101 compliant resource for Panuco by end of Q1 2022
• Deliver updated project resource in H2 2022

Environmental, Social Responsibility & Governance

• ~70% of Vizsla's on-site workforce is comprised of members from the local community
• Environmental baseline studies remain ongoing
• Fully permitted for all current exploration activities
• Strong relationship with local Ejido communities who provide land access, use and rights
• Signed 30-year exploitation agreements with 3 of 5 local Ejido
• Diverse senior management and board provides depth and breadth of experience and perspective

Investment Highlights

• An Emerging Discovery
• The newly consolidated Panuco silver-gold project represents one of the highest-grade silver primary discoveries in the world
• Multiple Near-Term Catalysts
• Primary goal is to establish a maiden resource at Panuco in Q1/22
• 120,000 meters of fully-funded resource/discovery based drilling planned for 2022 with 13 drill rigs
• Expedited Pathway to Production
• Vizsla has controlling ownership of all existing and permitted operating infrastructure at Panuco, allowing for near-term production potential
• Significant Discovery Potential
• Panuco is vastly underexplored, with only 33 out of 117 identified targets having been drilled by Vizsla
• EM correlates to known mineralization, supporting significant upside potential
• Well-Financed
• Funded for up to 2-years of ongoing exploration/development
• Experienced Management & Board
• Team of mining professionals with over 185 years of combined experience in exploration, development, permitting, operations and capital markets

Management

Management and Directors

Craig Parry, Chairman

Co-founder and Partner of Inventa Capital

Chairman of Skeena Resources

Former CEO and founder of IsoEnergy

Founding director of NexGen Energy

10 years at Rio Tinto

Michael Konnert, President, Chief Executive Officer & Director

Over 10 years experience in mining and capital markets

Co-Founder and Managing Partner of Inventa Capital

Former CEO and co-founder of Cobalt One Energy

Pete Longo, VP Projects

Professional Engineer with over 20 years of operations experience in precious and base metals

Former VP Operations at Claude Resources

Former VP Projects at Denison Mines

Michael Pettingell, VP Business Development & Strategy

Mining professional with over 10 years of experience. Previously with Canaccord Genuity and Hecla Mining

Mahesh Liyanage, Chief Financial Officer

Chartered Professional Accountant with over 10 years experience as Chief Financial Officer for several exploration companies including Orogen Royalities and Mirasol Resources

Veljko Brcic, SVP Corporate Development

Formerly with Pala Investments

Over 10 years of experience in mining and finance, with a special focus in Latin America

Martin Dupuis, VP Tech Services

Professional Geoscientist with over 25 years of experience, including 10 years in Latin America

Former Director of Geology with Pan American Silver and Technical Services Manager with Aurico Gold

Hernando Rueda, Country Manager

Professional Geologist with over 20 years of experience

Former Regional Exploration Manager at Capstone Mining and former Project Evaluation Manager with Agnico Eagle

Charles Funk, Technical Director

Mining professional with over 13 years of industry experience

Former Vice President of New opportunities and Exploration at Evrim Resources

Simon Cmrlec, Director

Current COO of Ausenco

Over 20 years experience in mine development and commissioning with a focus in Latin America

Stuart Smith, PhD, Director

Over 30 years experience in global exploration

Former Director of New Projects and Strategy for Teck

Former Chief Geologist for Oxiana, G-Resources, Tigers Realm and EMR

News Update

On February 21, 2023, Vizsla Silver Corp. has provided a year-end summary of its activities at its flagship Panuco silver-gold property located in Sinaloa, Mexico, and has outlined its key objectives/milestones for 2023. While 2022 focused on broad exploration and growth, the primary focus for 2023 is incremental expansion and de-risking of the Panuco Project's resource base. With a +90,000 meter fully funded drill program designed to 1) grow the resources within the Copala and Napoleon areas located in the western portion of the district and 2) test high priority targets proximal to current resource areas, Vizsla aims to increase its potentially minable resources and identify new centers of mineralization from which to delineate additional resources. Key objectives for 2023:

Complete +90,000 meters of resource/discovery focused drilling

Complete preliminary metallurgical testing on representative samples from Copala in Q2 2023

Deliver initial company/project sustainability report in H2 2023

Provide updated resource estimate in H2 2023

On February 14, 2023, The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Jan. 27, 2023.

Number of shares: 27,286,050 common shares in the capital of the company

Purchase price: $1.65 per share

Number of placees: 17 placees

Insider/pro group participation: none

On February 13, 2023, Vizsla Silver Corp. has released drill results from 19 new holes targeting the Copala structure at its 100-per-cent-owned, flagship Panuco silver-gold project, located in Mexico. The reported results represent both stepout and infill drilling, effectively expanding the Copala mineralized footprint beyond the 2023 updated resource boundary as well as further demonstrating high-grade precious metal continuity within the Copala resource wireframe. Highlights:

• CS-22-225 returned 892 grams per tonne silver equivalent over six metres true width (mTW) (648 g/t silver and 4.29 g/t gold):
  • Including 2,271 g/t AgEq over 1.21 mTW (1,680 g/t silver and 10.5 g/t gold);
  • And 1,000 g/t AgEq over 1.45 mTW (756 g/t silver and 4.4 g/t gold).
• CS-22-220 returned 1,920 g/t AgEq over 2.5 mTW (1,673 g/t silver and 5.39 g/t gold):
  • Including 7,505 g/t AgEq over 0.44 mTW (6,400 g/t silver and 23 g/t gold).
• CS-22-235 returned 1,039 g/t AgEq over 4.61 mTW (453 g/t silver and 9.16 g/t gold):
  • Including 1,611 g/t AgEq over 0.9 mTW (502 g/t silver and 16.95 g/t gold);
  • And 1,439 g/t AgEq over 0.9 mTW (353 g/t silver and 16.45 g/t gold).
• CS-22-229 returned 1,338 g/t AgEq over 2.9 mTW (1,010 g/t silver and 5.91 g/t gold):
  • Including 1,540 g/t AgEq over 0.74 mTW (1,215 g/t silver and 6.07 g/t gold);
  • And 2,282 g/t AgEq over 0.87 mTW (1,655 g/t silver and 11 g/t gold).

On February 10, 2023, Pursuant to the company's omnibus equity incentive compensation plan, Vizsla Silver Corp. has granted 2.13 million stock options at an exercise price of $1.60 and 1,133,572 restricted share units to directors, officers, employees and consultants of the company. The options are exercisable for a period of five years and will vest over the next two years and the RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date. The options are subject to the approval and policies of the TSX Venture Exchange and the NYSE American.

On February 09, 2023, Vizsla Silver Corp. has completed its previously announced private placement, led by PI Financial Corp. on behalf of a syndicate of agents that included Canaccord Genuity Corp., Raymond James Ltd., Stifel Nicolaus Canada Inc., Roth Canada Inc. and Alliance Global Partners.

Pursuant to the Offering, the Company issued 27,286,050 common shares (the "Shares" or the "Common Shares") at a price of $1.65 (the "Issue Price"), for gross proceeds of $45,021,982.50. The Company paid a cash commission equal to 6% of the gross proceeds of the Offering and issued 1,637,163 compensation options (the "Compensation Options") to the Agents. Each Compensation Option is exercisable to acquire one Common Share at the Issue Price until February 9, 2025.

The net proceeds from the Offering will be used to advance the exploration, drilling and development of the Company's Panuco Project, as well as for working capital and general corporate purposes.

On January 27, 2023, Vizsla Silver Corp. has entered into an agreement with PI Financial Corp. as sole bookrunner and lead agent on behalf of a syndicate of agents in connection with a commercially reasonable efforts private placement of 20.61 million common shares of the company at a price of $1.65 per share for aggregate gross proceeds of $34,006,500, excluding any additional proceeds raised from the exercise of the agents' option. The net proceeds from the offering will be used to advance the exploration, drilling and development of the company's Panuco project, as well as for working capital and general corporate purposes.

On January 24, 2023, Vizsla Silver Corp. has released an updated mineral resource estimate for its flagship, 100-per-cent-owned Panuco silver-gold project, located in Sinaloa, Mexico. The updated mineral resource estimate was completed by Dr. Allan Armitage, PhD, PGeo, of SGS Geological Services.

Highlights of the updated mineral resource estimate, including comparison with the maiden mineral resource estimate released in March, 2022:

• 71-per-cent increase in indicated mineral resources from 61.1 million to 104.8 million ounces silver equivalent;
• 150-per-cent increase in inferred mineral resources from 45.6 million to 114.1 million ounces silver equivalent;
• 14-per-cent increase in average indicated mineral resource grade from 383 to 437 grams per tonne silver equivalent;
• 42-per-cent increase in average inferred mineral resource grade from 345 to 491 grams per tonne silver equivalent.

On January 09, 2023, Vizsla Silver Corp. has closed its strategic investment into Prismo Metals Inc. Pursuant to the Strategic Investment, the Company acquired (i) a right of first refusal to purchase the Palos Verdes project from Prismo, and (ii) 4,000,000 units of Prismo (the "Prismo Units"), for aggregate consideration of $2,000,000.

The consideration for the Strategic Investment consisted of a cash payment of C$500,000 and 1,000,000 common shares of Vizsla (the "Consideration Shares"). The Consideration Shares are subject to a statutory hold period of four months and one day, and a voluntary escrow period of 24 months with 25% of the securities released every six months. In connection with the Strategic Investment, Prismo and Vizsla have agreed to form a technical committee to pursue district-scale exploration of the Panuco silver-gold district.

On December 19, 2022, Vizsla Silver Corp. has entered into a binding strategic investment agreement with Prismo Metals Inc. Pursuant to the definitive agreement, the company will make a strategic investment with a right of first refusal to purchase the Palos Verdes project from Prismo and acquire four million units of Prismo for aggregate consideration of $2-million.

The terms of the strategic investment are set out in the company's news release dated Nov. 24, 2022. The strategic investment is expected to close upon receipt of all required approvals.

On December 14, 2022, Vizsla Silver Corp. has released results from 19 new drill holes targeting the Tajitos-Copala resource area at its 100-per-cent-owned, flagship Panuco silver-gold project, located in Mexico. Today's intercepts form part of Vizsla's continuing 2022 infill/expansionary drill program and are centred on the Copala and Cristiano structures in the western portion of the district. The infill results support grade continuity in the south-central portion of Copala structure, while resource expansion drilling to the north and southeast continue to highlight that mineralization remains open.

Highlights:

• CS-22-205 returned 2,640 grams per tonne silver equivalent over 5.3 metres true width (mTW) (2,101 g/t silver and 9.54 g/t gold):
• Including 4,563 g/t AgEq over 0.58 mTW (3,080 g/t silver and 23.6 g/t gold).
• CS-22-210 returned 561 g/t AgEq over 15.5 mTW (425 g/t silver and 2.31 g/t gold):
• And 2,044 g/t AgEq over 1.01 mTW (1,630 g/t silver and 7.34 g/t gold).
• CS-22-216 returned 905 g/t AgEq over 8.09 mTW (626 g/t silver and 4.48 g/t gold).
• CS-22-201 returned 3,340 g/t AgEq over 1.86 mTW (2,536 g/t silver and 13.65 g/t gold).
• CS-22-217 returned 1,862 g/t AgEq over 2.71 mTW (1,495 g/t silver and 6.56 g/t gold).

On December 08, 2022, Vizsla Silver Corp. has released the results of the company's annual general and special meeting of the shareholders held in Vancouver, B.C., on Dec. 8, 2022. Shareholders were asked to vote on the following:

1. Fix the number of directors at six persons;
2. Elect Craig Parry, Michael Konnert, Simon Cmrlec, Charles Funk, Harry Pokrandt and David Cobbold as directors for the ensuing year;
3. Appoint MNP LLP as the company's auditor for the ensuing year and authorize the directors to determine the remuneration to be paid to the auditor;
4. Approve the company's omnibus equity incentive compensation plan to replace the company's existing stock option plan;
5. Approve the company's advanced notice policy adopted by the board of directors.

On December 01, 2022, Vizsla Silver Corp. has released results from seven new drill holes targeting the southern extension of the Napoleon vein at its 100-per-cent-owned, flagship Panuco silver-gold project, located in Mexico. The new drill results are centred on the western portion of the district and are a part of Vizsla's continuing 120,000-metre resource expansion/discovery drill program. Highlights:

• NP-22-320 returned 2,305 grams per tonne silver equivalent over 1.55 metres true width (mTW) (279 g/t silver, 24.01 g/t gold, 1.82 per cent lead and 7.58 per cent zinc), including:
• 2,631 g/t AgEq over 1.18 mTW (267 g/t silver, 29.1 g/t gold, 1.29 per cent lead and 7.18 per cent zinc).
• NP-22-329 returned 446 g/t AgEq over 6.7 mTW (222 g/t silver, 2.64 g/t gold, 0.34 per cent lead and 1.16 per cent zinc), including:
• 875 g/t AgEq over 0.78 mTW (668 g/t silver, 2.22 g/t gold, 0.49 per cent lead and 2.28 per cent zinc);
• 815 g/t AgEq over 0.78 mTW (159 g/t silver, 9.14 g/t gold, 0.08 per cent lead and 0.19 per cent zinc).
• NP-22-333 returned 696 g/t AgEq over 1.5 mTW (378 g/t silver, 2.53 g/t gold, 0.4 per cent lead and 4.29 per cent zinc).

On April 7, 2022, Vizsla Silver announced that it has filed on SEDAR an independent technical report on the Company's Panuco silver-gold project located in Mexico.

On March 29, 2022, Vizsla Silver Corp. has released results from 53 drill holes targeting the Napoleon vein corridor (Napoleon, Napoleon hangingwall and Josephine veins), at its Panuco silver-gold project located in Mexico. Vizsla Silver has expanded Napoleon vein to 2,500 metres long and over 500 metres below surface.

Highlights:

Napoleon vein: NP-21-210 returned 1,803 grams per tonne (g/t) silver equivalent (AgEq) over four metres true width (mTW) (55 g/t silver, 20.38 g/t gold, 0.21% lead and 2.99% zinc);

Napoleon vein: NP-21-260 returned 484 g/t AgEq over 9.42 mTW (85 g/t silver, 2.73 g/t gold, 0.90% lead and 4.13% zinc), including:

• 1,113 g/t AgEq over 2.17 mTW (166 g/t silver, 7.91 g/t gold, 1.22% Pb and 7.42% Zn);

Napoleon hangingwall vein: NP-21-238 returned 1,379 g/t AgEq over 2.7 mTW (746 g/t silver, 6.27 g/t gold, 0.75% lead and 2.94% zinc);

Josephine vein: NP-21-214 returned 4,917 g/t AgEq over 0.47 mTW (17 g/t silver, 60.5 g/t gold, 0.3% lead and 1.40% zinc).

On March 17, 2022, Vizsla Silver Corp. announced that it has discovered new vein within the Napoleon Corridor. Intersecting 1,169 g/t AgEq over 3.2 metres at its Panuco silver-gold project located in Mexico.

Highlights:

• NP-21-236: 1,169 grams per tonne (g/t) silver equivalent (AgEq) over 3.2 metres downhole (mDH) (160 g/t silver, 10.4 g/t gold, 0.55% lead and 4.30% zinc), including:
• 1,779 g/t AgEq over 1.1 mDH (256 g/t silver, 14.80 g/t gold, 0.98% lead and 8.27% zinc).
• NP-21-232: 1,889 g/t AgEq over 1.7 mDH (1,066 g/t silver, 9.85 g/t gold, 0.40% lead and 0.66% zinc), including:
• 3,098 g/t AgEq over 0.9 mDH (1,825 g/t silver, 15.45 g/t gold, 0.48% Pb and 0.65% Zn).
• NP-21-146B: 3,499 g/t AgEq over 0.7 mDH (1,795 g/t silver, 21.00 g/t gold, 0.23% lead and 0.50% zinc).
• Results are from five of nine completed drill holes at Cruz Negra that define a mineralized zone approximately 180 long by 240 metres deep, which remains open in all directions.

  Disclaimer

Copyright (c) 2000 - 2025 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印