Vizsla Silver Reports High-Grade Discovery at Panuco

Published 31/03/2025, 16:02
Vizsla Silver Reports High-Grade Discovery at Panuco

VANCOUVER, BC - Vizsla Silver Corp. today announced a significant high-grade silver discovery at its Panuco project. The discovery, located in the northeastern section of the project, yielded 897 grams per tonne (g/t) silver equivalent over 5.85 meters, including a higher concentration of 2,256 g/t silver equivalent over 1.13 meters. The announcement comes as the company’s stock has shown remarkable strength, posting a 73% return over the past year and maintaining strong momentum with a 20% gain in the last six months, according to InvestingPro data.

This discovery is detailed in a news release dated March 31, 2025, which is attached as an exhibit to the company’s Form 6-K filed with the United States Securities and Exchange Commission. The company, which is registered under the ticker symbol 001-41225, is incorporated in Canada with its principal executive offices in Vancouver, British Columbia.

Vizsla Silver, previously known as Vizsla Resources Corp. before its name change on December 5, 2019, operates within the Gold & Silver Ores industry. The company’s latest findings at the Panuco project are part of an ongoing exploration effort to identify and expand upon mineral resources in the area.

The reported discovery highlights the potential of the Panuco project to host significant silver deposits. The results from the exploration drill program have provided Vizsla Silver with promising data, as the high-grade intervals suggest a continuation of mineralization that warrants further investigation.

As required by the Securities Exchange Act of 1934, the report was signed by Michael Konnert, Chief Executive Officer of Vizsla Silver Corp., who is duly authorized to represent the company. The submission of the Form 6-K serves as a formal monthly update for the company’s international and North American investors.

The Panuco project has been a focal point for Vizsla Silver’s exploration activities, and the new discovery underscores the company’s commitment to advancing its assets. The complete details of the discovery can be found in the news release included in the SEC filing.

Investors and interested parties can find the information based on the press release statement included with the company’s latest 6-K filing. This announcement is consistent with Vizsla Silver’s strategy to explore and develop precious metal assets, particularly silver, within its portfolio.

In other recent news, Vizsla Silver Corp. has disclosed its year-end summary for 2024 and provided an outlook for 2025, highlighting operational achievements without detailing specific financial figures. This includes the expansion of its resource base and successful exploratory drilling programs, alongside plans for further exploration and development in 2025. In a separate development, the company has announced the restart of limited operations at its Panuco mining project, following a thorough evaluation of the project’s status. This decision marks a significant step in advancing the company’s mining interests, although specific production levels were not disclosed. Meanwhile, BMO Capital Markets has initiated coverage of Vizsla Silver with an Outperform rating and a price target of $4.50, citing the potential of the Panuco property in Mexico. The firm emphasizes the site’s anticipated production scale and cost efficiency as key factors for this positive outlook. Additionally, Vizsla Silver has filed an updated technical report with the SEC, providing detailed information about its mining assets and operations without indicating immediate financial impacts. Lastly, the company reported a contractor fatality at the Panuco project, an unfortunate event that has been disclosed in a regulatory filing, though further operational impacts were not specified.

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