Vizsla Silver Advances ESG Initiatives, Provides Corporation Update

(Vizsla Silver, 1.Sep.2022) —Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) anounced continued progression on its environmental, social and governance (“ESG”) initiatives through a newly formed partnership with MetaVu and Blockhead Technologies who are creating a bespoke ESG reporting platform for all Inventa Capital companies. Vizsla Silver will be the first of the Inventa Capital companies to utilize the platform which is being designed to augment and enhance Vizsla’s commitment to maintaining the highest standards of environmental stewardship, social responsibility and good governance practices. The ESG platform deployment for Vizsla is a step towards achieving Inventa Capital’s vision for Net Zero Mining through full scale integration of ESG performance throughout the mining asset lifecycle.

“Since day one, Vizsla has been committed to making ESG best practices a priority in everything we do,” stated Michael Konnert, CEO of Vizsla Silver. “Our newly formed partnership with leading industry experts MetaVu and Blockhead demonstrates our dedication to enhance and formalize our ESG practices which will put us on track to releasing Vizsla’s first Sustainability Report in the first half of 2023.”

Vizsla Silver is committed to responsible mining through:

  • Being trustworthy stewards of the local environment through mitigation of environmental impacts and seeking innovative solutions to leave the environment better than we found it;
  • Operating with accountability and transparency, including ongoing engagement with surrounding communities (“Ejidos“) and other stakeholders;
  • Supporting initiatives to provide long-term benefits to the surrounding Ejidos including well-paying employment opportunities, local infrastructure improvements, education opportunities and community enhancement initiatives; and,
  • Providing a safe, respectful, and healthy work environment for all of our employees.

Exemplary Safety at Panuco

Vizsla is proud to report its exemplary safety record at the Panuco Project, achieving no lost time incidents for a period of 560 consecutive days, consisting of 833 thousand work hours completed.

“This outstanding record demonstrates the importance that is placed on safety at the Panuco project,” commented Craig Parry, Chairman of Vizsla Silver. “Not only does it reflect the Company’s commitment to providing a safe work environment for our employees, but also demonstrates the incredible commitment to safety best practices by each and every one of the people that go to work at the Panuco Project. On behalf of the Board, I would like to commend the entire team on their tremendous dedication to making the work place a safe place every day.”

National Recognition of Sustainability Efforts

In August, Vizsla’s Mexican subsidiary, Minera CANAM, was awarded the Socially Responsible Company Distinction (ESR).  The Socially Responsible Company Distinction is Mexico’s highest corporate social responsibility recognition, awarded jointly by the Mexican Center for Philanthropy (CEMEFI) and the Foundation for Sustainability and Equity (ALIARSE). It is given to companies that are leaders in their sector for their commitment to integrating social and environmental values into their operations.

Commitment to Community

Through its commitment to transparent and continuous engagement, Vizsla has fostered strong relationships with the local Ejido communities. To date, Vizsla has signed 30-year exploitation agreements with three of the five local Ejidos, for the purpose of developing and extracting mineral resources at Panuco and with the goal of leaving a long-term positive legacy. Vizsla recognizes the importance of building a strong social license with surrounding communities and other stakeholders. The Company seeks to hire locally whenever possible, and ~70% of Vizsla’s current on-site workforce is comprised of members from the local community.

Corporate Update

At the Project, resource drilling continues with six drill rigs centered on expanding/upgrading maiden resources at Copala and Napoleon, while exploration drilling (three rigs) remains focused on testing high-priority satellite zones across the district. Vizsla has now completed 100,000 metres of new drilling since the March 2022 MRE, all of which will feed into a resource update by the end of Q4 2022.

The company will be attending key investor conferences in the fall in order to meet with current shareholders and prospective investors to update them on the progress being made at Panuco, including:

  • Precious Metals Summit, Beaver Creek, Colorado (September 12-16)
  • Denver Gold Forum, Colorado Springs, Colorado (September 18-21)
  • New Orleans Investment Conference (October 12-16)
  • Deutsche Goldmesse, Frankfurt (November 18-19)
  • 121 London (November 22-23)

Please reach out to Liz Monger at liz@inventacapital.ca should you wish to schedule a meeting with the company at any of the conferences.

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 6,761-hectare, past producing district benefits from over 75 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.

Panuco hosts an estimated in-situ indicated mineral resource of 61.1 Moz AgEq and an in-situ inferred resource of 45.6 Moz AgEq. A NI 43-101 technical report, titled “National Instrument 43-101 Technical Report for the Panuco Project Mineral Resource Estimate Concordia, Sinaloa, Mexico” was filed on SEDAR on 7 April 2022, with an effective date of March 1, 2022 was prepared by Tim Maunula, P.Geo., Principal Geologist, T. Maunula & Associates Consulting Inc and Kevin Murray, P.Eng, Manager Process Engineering, Ausenco.

About Vizsla Silver

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla has completed over 210,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2022, Vizsla has budgeted +120,000 metres of resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.

About MetaVu

MetaVu is a global leader in ESG Intelligence, Advisory and Data Products designed to help Corporations, Investors, and Exchanges integrate ESG into their strategy for value creation. Recognized for their thought leadership in ESG integration to innovate products, services and business models, MetaVu helps clients measure, manage and communicate their return on investments in sustainable development. www.metavu.com

About Blockhead Technologies

Blockhead Technologies is at the core of a global paradigm shift in how the world does business.  Blockhead is a software company creating blockchain-enabled solutions for improved productivity and better decision-making in businesses. Blockhead is passionate about data intelligence, whether it’s in fuel tracking, supply chain management or precious metals streaming.

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