VANCOUVER, BRITISH COLUMBIA (By Vizsla, 18.Dec.2025, Words: 506) — Vizsla Silver Corp. entered into an agreement to acquire from Minera Fresnillo S.A. de C.V., a subsidiary of Fresnillo plc, 10 claims comprising 2,378 Ha along the highly prospective Panuco – San Dimas corridor. 7 of these claims comprising 1,734 Ha are strategic and occur adjacent to the Panuco project, covering prospective areas or potential extensions to veins with known mineralization.
Highlights
— property package comprised of 2,378 Ha in the highly prospective Panuco – San Dimas corridor,
— strategic claims comprised of 1,734 Ha covering highly prospective areas or potential vein extensions,
— the claims contain various prospective areas or potential extensions to veins with known mineralization, and
— Vizsla has agreed to pay $2,000,000 and issue $4,000,000 in common shares to Fresnillo as consideration for the claims.
“With this acquisition, we now have more prospective ground adjacent to our flagship Panuco project to continue exploring,” stated Michael Konnert, President and CEO.
“The strategic claims host past production along a trend of known mineralized structures, several of which are included in the recently announced Panuco feasibility study. The acquisition of the claims provides our team with new high-priority targets, which, pending exploration success, not only have the potential to grow the overall resource base but also bolster mine economics in future mine updates and technical studies,” Konnert added.
About the claims
The claims comprise ten titled mining claims covering 2,378 Ha (figure 1) in the emerging silver-gold-rich Panuco – San Dimas corridor with estimated historic production plus current resources and reserves of 1.2-Boz Ag and 15-Moz Au. The strategic claims are adjacent to and partially surround the Panuco project (figure 2).
The main lithologies identified within the strategic claims adjacent to Panuco correspond to the favourable andesite lavas and tuffs with overlying rhyolite tuffs correlative with the Tarahumara formation that were intruded by diorite and granodiorite stocks of the Sinaloa batholitic complex. Additionally, detailed mapping, rock sampling and exploratory drilling suggests that some veins and vein systems within Panuco, such as La Luisa, Cruz Negra, San Dimas, Camelia, La Florida and Cordon del Oro may extend into the claims.
Furthermore, Vizsla Silver is in the process of expanding its LiDAR survey to cover the strategic claims and to start regional recognizance-mapping and rock sampling in highly prospective areas where known mineralization may extend.
Terms of the acquisition
The company entered into an asset purchase agreement dated 17 Dec. 2025 with Fresnillo and the company’s wholly owned subsidiary, Minera Canam, S.A. de C.V. pursuant to which the company agreed to acquire, through Minera Canam, all of Fresnillo’s right, title and interest in and to the claims.
Pursuant to the acquisition agreement, the company has agreed to pay $2,000,000 and issue 854,697 common shares in the capital of the company to Fresnillo. The consideration shares are subject to a 4-month hold period pursuant to applicable Canadian securities laws.
____________________
