VIZSLA SILVER ANNOUNCES PANUCO TECHNICAL REPORT SUBMISSION
NYSE:VZLA TSX-V:VZLA
VANCOUVER, BC, April 7, 2022 /PRNewswire/ – Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla” or the “company“) is pleased to announce that, following its news release dated March 1, 2022, it has filed an independent technical report (the “Technical Report”) on SEDAR that provides an initial mineral resource estimate for the Company’s Panuco silver-gold project The technical report has an effective date of March 1, 2022 and was prepared in accordance with National Instrument 43-101 – Disclosure Standards for Mineral Projects (“NI 43-101”) by Tim Maunula, P.Geo., Principal Geologist, T. Maunula & Associates Consulting Inc, and Kevin Murray, P.Eng, Manager Process Engineering, Ausenco.
The Technical Report can be found under the Company’s profile on SEDAR (www.sedar.com) and is also available on the Company’s website (www.vizslasilvercorp.ca).
Qualified Person
The independent Qualified Person for the resource estimate is Tim Maunula, P.Geo., Principal, T. Maunula & Associates Consulting Inc., who reviewed and approved the contents of this news release. The Independent Qualified Person for mineral processing and metallurgical testing is Kevin Murray, P.Eng, Manager Process Engineering Ausenco. As defined by NI 43-101, Martin Dupuis, P.Geo., Vice President of Technical Services, is the Qualified Person for the Company and has validated and approved the technical and scientific content of this news release.
About Vizsla Silver
Vizsla is a Canadian mineral exploration and development company headquartered in Vancouver, BC focused on advancing its flagship 100% owned Panuco silver-gold project in Sinaloa, Mexico. To date, Vizsla has completed over 140,000 meters of drilling at Panuco which has resulted in the discovery of several new high grade veins. For 2022, Vizsla has budgeted over 120,000 meters of resource/discovery-based drilling to upgrade and expand the initial resource as well as test other high priority targets throughout the district.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SPECIAL NOTICE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. As used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “aim”, “plan”, “project”, “may”, “would”, “could”, “schedule” and similar words or phrases identify forward-looking statements or information.
Forward-looking statements and forward-looking information regarding future mineral production, liquidity, appreciation in value and capital market profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management’s reasonable assumptions and estimates, expectations, analysis and opinions based on experience and management’s perception of trends, current conditions and anticipated developments and other factors that management believes are relevant and appropriate under the circumstances, but which may prove to be incorrect. Among other things, assumptions were made about the price of silver, gold and other metals; no escalation in the severity of the COVID-19 pandemic; exploration and development costs; the estimated development costs of exploration projects; Vizsla Silver’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver’s current views with respect to future events and are necessarily based on a number of other assumptions and estimates which, while considered reasonable by management, have inherently significant business, economic, competitive, political and subject to social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements expressed or implied by such forward-looking statements or forward-looking information and Vizsla Silver’s assumptions and estimates that are made based on or related to many of these factors. These factors include, among others: the Company’s dependence on a mineral project; precious metal price volatility; risks associated with conducting the Company’s mining activities in Mexico; regulatory, consent or permit delays; risks associated with dependence on the Company’s management team and external contractors; risks related to mineral resources and reserves; the Company’s inability to obtain, on a commercially reasonable basis, insurance to cover all risks, or at all; currency fluctuations; risks related to failure to generate sufficient cash flow from operations; risks associated with project financing and equity offerings; risks and unknowns inherent in all mining projects, including imprecision of reserves and resources, metallurgical recoveries, and capital and operating costs of such projects; Disputes about property rights, in particular property rights to undeveloped land; environmental, health and safety laws and regulations; the ability of the communities in which the Company operates to manage and manage the impact of COVID-19; the economic and financial impact of COVID-19 on the Company; operational or technical difficulties related to mining or development activities; labor relations, labor unrest or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including risks of decreasing quantities or grades of reserves; stock market volatility; conflicts of interest between certain directors and officers; lack of liquidity for shareholders of the company; litigation risk; and the factors identified under the heading “Risk Factors” in Vizsla Silver’s management discussion and analysis. Readers are cautioned not to place undue certainty on any forward-looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be expected, estimated or intended. Vizsla Silver does not intend and assumes no obligation to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or other events affecting such statements or information, except as required by statutory law.
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%CIK: 0001796073
For more information: To subscribe to the mailing list, please contact: Michael Konnert, President and Chief Executive Officer, Tel: (604) 364-2215, Email: [email protected], Website: www.vizslasilvercorp.ca
CO: Vizsla Silver Corp.
CNW 08:28e 07-APR-22
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