Strategic acquisition: Vizsla Silver expands portfolio with of extensive claim package in promising structural trend

Scarlet Ibarra / April 16, 2024 | 11:51
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Vizsla Silver, a leading exploration company, is poised to bolster its portfolio with the acquisition of a substantial claim package situated along a highly promising structural trend, positioned to the south of Panuco.

This strategic move underscores Vizsla Silver's commitment to harnessing the potential of emerging mineral-rich regions. The newly acquired claims exhibit significant geological indicators and are strategically positioned within an area renowned for its mineralization potential. The company's proactive approach to securing this extensive claim package reflects its dedication to exploration excellence and maximizing value for its stakeholders.

The agreement for the acquisition of two significant claims totaling 10,667.0 hectares, known as the "El Richard – San Enrique claims" or "San Enrique prospect," has been finalized. These claims are situated south of and partially adjacent to the Panuco project, which is a primary area of focus for the company. The San Enrique prospect holds strategic importance as it is located along the highly promising Panuco – San Dimas corridor. It's worth noting that the entire area is extensively surveyed with LiDAR, with additional partial coverage through high-resolution aero-magnetic and radiometric surveys.

Key Highlights

  • Vizsla Silver secures a sizable property package spanning 10,667 hectares, strategically positioned just south of Panuco, marking an expansion nearly 50% larger than its Panuco project.
  • Extensive coverage: The area benefits from comprehensive LiDAR surveying and partial coverage (~60%) through high-resolution airborne magnetic and radiometric surveys.
  • Geological potential: The prospect boasts dome complexes and encompasses the southeastern extensions of the northwest trending Copala fault and Cordon del Oro - Animas veins, indicating significant mineralization potential.
  • Promising geological indicators: Preliminary reconnaissance mapping in the northeast reveals favorable andesite lithologies, along with quartz veining and breccias, suggesting favorable conditions for mineral deposits.
  • Untapped potential: Despite its promising geological features, the area has yet to undergo systematic mapping and prospecting, presenting an exciting opportunity for exploration and discovery.
  • Acquisition terms: In a testament to its confidence in the prospect's potential, Vizsla Silver has agreed to issue $650,000 worth of common shares to the seller as part of the acquisition agreement.

"Vizsla Silver is excited to bolster its presence within the Sinaloa Silver Belt with the inclusion of the San Enrique prospect," stated Michael Konnert, President, and CEO. "Positioned southeast along the mineralized vein corridors, particularly the high-grade Copala structure, these claims present significant exploration potential for Vizsla's expanding project portfolio. 

Utilizing preliminary geophysics and LiDAR data, the company is prepared to progress with regional reconnaissance mapping and a stream-sediment geochemical survey, essential steps in honing drilling targets. While remaining committed to advancing the Panuco-Copala district in the short term, this acquisition, along with the recent addition of La Garra, further strengthens Vizsla Silver's position as a prominent silver explorer-developer globally. The company's vision extends beyond immediate objectives, aiming to establish a multi-generational asset base in Mexico.

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