Panuco - Mexico

DISTRICT SCALE

~7,200-hectare land package that has never been systematically explored on a consolidated basis

 

LOCATION

Situated along a prolific silver trend in western Mexico that hosts First Majestic’s flagship San Dimas mine, only 80 km away.

ADVANCING HIGH-GRADE DISCOVERIES

Expanding and upgrading resources at the Copala and Napoleon areas (precious metal rich veins)

INFRASTRUCTURE

The past-producing district-scale camp has substantial infrastructure including roads, permits, power, and a skilled workforce in neighboring towns.

About The Panuco Project

The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 7,189.5-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.

The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.

On January 8, 2024, the Company announced an updated mineral resource estimate for Panuco (the “Updated Mineral Resource”). The Updated Mineral Resource includes an estimated in-situ indicated mineral resource of 155.8 Moz AgEq and an in-situ inferred resource of 169.6 Moz AgEq. An updated technical report is being prepared on the updated Mineral Resource Estimate in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and will be available on the Company’s website and SEDAR within 45 days of the date of announcement of the Updated Mineral Resource.

Technical Report

Technical Report on the Mineral Resource Estimate Update for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico                   VIEW 

March 2023 

Qualified Person

The scientific and technical information in this website has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved by Martin Dupuis Chief Operating Officer for Vizsla Silver a Qualified Person as defined by NI 43-101 (the “Qualified Person”). Core drilling, surveying logging, sample preparation, analytical and quality control procedures (including the insertion of blind standards, blanks, pulp and field duplicates into the sample stream) used to produce the results mentioned in the text of this news release are documented in detail in  Harris, (2020). The assaying was done by ALS Chemex using fire-assay methods with a gravimetric finish for gold and four-acid digest for silver followed by fire assaying with both a gravimetric finish and ICP-AES finish.

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