Interview with Jesus Velador, VP Exploration of Vizsla Silver

Our previous interview: https://www.cruxinvestor.com/posts/silver-markets-industrial-demand-monetary-drivers-7530

Recording date: 5th September 2025

Vizsla Silver Corporation presents a compelling investment opportunity combining immediate production potential with exceptional exploration upside within Mexico's premier silver district. The company has achieved critical milestones that position it advantageously within the silver sector's favorable macroeconomic backdrop.

The $220 million project financing package eliminates execution risk while providing sufficient capital to advance the Panuco project into production. This institutional backing validates both project economics and management capabilities, with test mining operations already underway at the high-grade Copala deposit. Vice President of Exploration Jesus Velador confirmed this progress, stating the company has "started already with a test mine and developing of the decline to access the high-grade mineralization in Kopala."

Resource confidence has improved significantly through systematic drilling programs. Since acquiring Panuco in late 2019, Vizsla has completed nearly 400,000 meters of drilling across over 1,000 holes, resulting in a remarkable 43% increase in measured and indicated resources at Copala. This enhancement provides greater certainty for early production years while establishing the first measured resource in the deposit's high-grade central core.

The exploration opportunity extends far beyond current resources. Within the consolidated 40,000-hectare land package, Vizsla has identified over 150 vein targets but has drilled only approximately 30, representing less than 20% penetration. Surface sampling consistently shows anomalous mineralization exceeding 200-500 grams silver equivalent across numerous targets, indicating district-wide potential for additional resource centers.

Recent discoveries validate this potential. The La Pipa zone discovery in the central district demonstrates the effectiveness of Vizsla's systematic exploration approach using advanced technologies including LiDAR mapping, multispectral satellite imagery, and electromagnetic surveys. These techniques have identified additional anomalies requiring testing, providing multiple near-term discovery catalysts.

The Animas vein system exemplifies the district's untapped potential. This 7-kilometer-long structure hosted extensive historical mining but only to shallow depths of 100-200 meters. Recent drilling approximately 200 meters below historical workings has encountered mineralization, suggesting telescoping high-grade shoots at depth within this impressive vein system.
Recognizing these opportunities, Vizsla has doubled its drilling capacity to four rigs with plans to complete over 20,000 meters of discovery-oriented drilling in 2025. This acceleration enables simultaneous testing of multiple targets while providing frequent newsflow and potential share price catalysts.

The company's dual-track strategy maximizes both immediate returns and long-term growth. Development focus on proven Copala-Napoleon deposits ensures near-term cash flow generation, while systematic exploration targets additional resource centers. This approach reduces execution risk while maintaining significant discovery upside.

Silver's macroeconomic fundamentals support this investment thesis. Industrial demand from solar panels, electric vehicles, and electronics consumes approximately 60% of annual production, creating inelastic demand. Simultaneously, renewed monetary demand provides additional support as investors seek inflation hedges and precious metals exposure. Mexico's position as the world's largest silver producer provides jurisdictional advantages including established infrastructure, skilled labor, and stable regulatory environment. Combined with proximity to North American markets, these factors enhance project economics while reducing geopolitical risk.

Vizsla Silver offers investors rare exposure to both immediate production potential and exceptional discovery leverage within a premier silver district, supported by proven management, advanced exploration methodology, and favorable commodity fundamentals.

View Vizsla Silver's company profile: https://www.cruxinvestor.com/companies/vizsla-silver-corp

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