(Editors at Energy Analytics Institute, 6.Jan.2025) — Vizsla Silver Corp. announced the results of an updated mineral resource estimate for its flagship, 100% owned Panuco silver-gold project in Sinaloa, Mexico.
The updated estimate was completed by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services, Vizsla announced 6 Jan. 2025 in an official statement.
Highlights include a comparison to the previous mineral resource estimate released in Jan. 2024:
— 43% increase in combined measured and indicated mineral resources from 155.8 to 222.4 Moz AgEq
— Added 46 Moz AgEq in new measured resources and 176 Moz AgEq in new indicated resources
- 9.4% increase in combined measured and indicated grade at Copala (580 g/t to 635 g/t AgEq)
- 4.5% increase in global indicated grade (511 g/t to 534 g/t AgEq)
— 18% decrease in inferred mineral resources from 169.6 to 138.7 Moz AgEq mostly due to conversion to indicated resources
- 4.9% decrease in inferred grade (433 g/t to 412 g/t AgEq)
Key Statistics:
— The Updated Mineral Resource represents less than 10% of the known vein strike of the newly consolidated district
— 91% of the value of the updated estimate is comprised of precious metals, including 56% from silver
— A total of 11 epithermal veins were included in the Updated Mineral Resource Estimate
— Total all-in exploration cost of US$0.41/oz AgEq discovered
Combined measured and indicated mineral resources are estimated at 12.96 million tonnes (Mt) grading 307 grams per tonne (g/t) silver, 2.49 g/t gold, 0.27% lead, and 0.85% zinc (222.4 million ounces (Moz) silver equivalent (AgEq) at 534 g/t AgEq).
The updated estimate includes measured mineral resources of 28.6 Moz of silver, 214 thousand ounces (koz) of gold, 3.3 kilotonnes (kt) of lead, and 7.9 kt of zinc (46.1 Moz AgEq) and indicated mineral resources of 99.2 Moz of silver, 822 koz of gold, 31.6 kt of lead, and 102.3 kt of zinc (176.3 Moz AgEq).
Inferred mineral resources are estimated at 10.5 Mt grading 219 g/t silver, 1.96 g/t gold, 0.30% lead, and 1.01% zinc (412 g/t AgEq). The Updated Mineral Resource Estimate includes inferred mineral resources of 73.6 Moz of silver, 660 koz of gold, 31.2 kt of lead, and 106.2 kt of zinc (138.7 Moz AgEq).
The updated estimate is centered on the western portion of Panuco, encompassing ~8.6km of the known 86km of cumulative vein strike in the district. The updated estimate includes 157 new infill/expansion holes (69,754m) completed by Vizsla Silver between Sep. 2023 and Sep. 2024. In total, the updated estimate is based on a total drill database of 979 holes (372,685m) completed by Vizsla Silver since Nov. 2019.
“Going forward, we continue to employ a dual track development approach at Panuco, advancing the Project through development towards production in the back half of 2027, while continuing district scale exploration through low-cost means,” President and CEO Michael Konnert said in the statement.
“Ongoing initiatives include a fully funded and permitted test mine program, Feasibility Study and a 10,000-metre discovery-based drill campaign. This is a remarkable achievement that comes as a result of hard work and perseverance. I want to thank everyone from the entire Vizsla team, including our contractors and local communities, and look forward to another successful year in 2025,” Konnert said.
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By Editors at Energy Analytics Institute. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
