24/7 Market News Snapshot 06 January, 2025 – Vizsla Silver Corp. (NYSE:VZLA)

January 6, 2025

DENVER, Colo., 06 January, 2025 (247marketnews.com) – (NYSE:VZLA) are discussed in this article.
Vizsla Silver Corp. has announced a significant milestone with the updated mineral resource estimate for its wholly owned Panuco silver-gold project. This latest assessment reveals a remarkable 43% increase in the combined measured and indicated mineral resources, elevating the total from 155.8 million ounces to an impressive 222.4 million ounces of silver equivalent (AgEq). Notably, the updated estimate incorporates 46 million ounces of AgEq in new measured resources and adds 176 million ounces in new indicated resources.

Particularly in the Copala area, there has been a noteworthy enhancement, with the average grade increasing from 580 grams per tonne to 635 grams per tonne AgEq, thereby underscoring the project’s robust economic potential. The updated resource estimate covers approximately 10% of the known vein strike within the mining district, highlighting the significant opportunities for further exploration. With 91% of the estimated resources consisting of precious metals—56% silver—this project illustrates considerable upward potential in the silver market.

Michael Konnert, President and CEO of Vizsla Silver, emphasized the significance of this update, stating, “This fourth significant resource update comes just four years post the initial discovery at Napoleon.” He expressed enthusiasm about the continuity of mineralization within the Copala area.

Moreover, Vizsla Silver is set to advance on multiple fronts, including a fully funded and permitted test mining program and an active discovery-focused drill campaign, which will pave the way for the project’s progression towards production. Investors are encouraged to anticipate further developments as the company moves forward with its exciting initiatives in the silver mining sector. Insights into the updated resource estimate will be provided during a scheduled webcast on January 9, 2025, reflecting Vizsla’s commitment to transparency and innovation in the industry.

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