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Vizsla Silver to Restart Limited Operations at Panuco

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Vizsla Silver to Restart Limited Operations at Panuco

 

Vizsla Silver Corp. (NYSE: VZLA) (TSX: VZLA) (Frankfurt: 0G3) announces that it has resumed limited operations at its Panuco silver-gold project to progress work on a test mine and to advance towards a feasibility study.

Michael Konnert, President and CEO of Vizsla Silver, commented, “Our top priority is to ensure the safety and well-being of our employees and contractors as they return to work.” Mr. Konnert continued, “Our team, led by our Chief Operating Officer, Simon Cmrlec, has been working diligently to complete a detailed investigation at the site of the accident which remains shut down for the time being.  We have implemented an action plan which includes a comprehensive inspection of work sites prior to each being restarted as well as a full re-induction of our employees and contractors.”

The Company expects to resume exploration activities at Panuco within the next week.

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. The Company recently completed a Preliminary Economic Study for Panuco in July 2024 which highlights 15.2 Moz AgEq of annual production over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1B, 86% IRR and a 9-month payback at US$26/oz Ag and US$1,975/oz Au. Vizsla Silver aims to become the world’s leading silver company by implementing a dual track development approach at Panuco, advancing mine development, while continuing district scale exploration through low-cost means.

Posted January 20, 2025

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