May 21, 2025

Vizsla Silver - Resuming Field Work and Acquiring The Santa Fe Claim Package, Including A Producing Mine

20 minutes

In this company update, I’m joined by Mike Konnert, President and CEO of Vizsla Silver (NYSE:VZLA - TSX:VZLA), to discuss two major developments: the resumption of field work at the Panuco Project and the strategic acquisition of the Santa Fe claim package, which includes a currently producing silver-gold mine.

Key Topics Covered:

– Santa Fe Acquisition:

Mike explains how the deal was forged through long-standing relationships with a private Mexican mining family. The acquisition adds a producing mine, a mill, and significant exploration upside adjacent to the Panuco Project, strengthening Vizsla’s district-scale production vision.

– Panuco Project Field Work Resumes:

Following a temporary pause, test mining and exploration drilling are back underway. Mike outlines the rapid progress at the Copala test mine and the company's strategy to build out multiple centers of production across the district.

– Exploration Outlook for 2025:

With six rigs active and a rolling 10,000-meter drill program, Vizsla is targeting growth both near the current resource and across new high-potential zones like Animas, Colorado, and Santa Enrique. The company is also integrating new EM and geophysical data to refine drill targets.

– Feasibility Study & Project Financing:

The upcoming feasibility study is expected to align closely with the strong economics from the PEA. Vizsla currently holds US$100M in the treasury and has advanced project finance discussions. The company aims to be fully funded and permitted to begin construction, targeting production by late 2027.

– Industry Positioning and M&A Trends:

Mike highlights recent silver sector M&A deals (like MAG Silver and Pan American), reinforcing that Mexico remains a highly desirable jurisdiction. He sees Vizsla as well-positioned for a major re-rating as the company continues to de-risk and build scale.

If you have any follow up questions for Mike please email me at [email protected].

Click here to visit the Vizsla website to learn more about the Company.

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