#Canada #Vancouver #Vizsla Silver #Panuco Project #Fresnillo

Vizsla Silver Expands Footprint in Panuco District

Vizsla Silver Corp. (TSX: VZLA, NYSE: VZLA) has made a strategic move by entering into a significant acquisition agreement to enhance its Panuco Project in Mexico. This acquisition involves acquiring ten mining claims from Fresnillo PLC, covering an area of 2,378 hectares in the Panuco – San Dimas corridor, known for its rich silver and gold mineralization. Among these claims, seven have been classified as strategic due to their potential to host extensions of mineralized veins adjacent to the existing Panuco project.

Details of the Acquisition

The deal, valued at $6 million, consists of a $2 million cash payment and the issuance of $4 million in common shares to Minera Fresnillo S.A de C.V., a subsidiary of Fresnillo PLC. The strategic claims are notable not only for their size but also for their positioning, which surrounds the Panuco Project and offers prospects for future exploration.

Michael Konnert, President and CEO of Vizsla Silver, emphasized the significance of this acquisition. It aligns with the firm’s vision to expand exploration efforts in the region and develop new targets that could potentially enhance the overall resource base and mine economics. The acquisition is also critical as Vizsla recently completed a feasibility study that underscores the project’s potential

Strategic Importance of the Claims

The acquired claims feature diverse geological formations, including andesite lavas and rhyolite tuffs, which are known to correlate with mineralization trends in the Panuco region. Historic production data suggests that the area holds substantial deposits, with past outputs of about 1.2 billion ounces of silver and 15 million ounces of gold.

Further technical studies indicate a promising outlook with existing veins, such as La Luisa and Cruz Negra, likely extending into the newly acquired claims. These insights boost the company’s confidence in the future potential of exploration activities.

Plans are underway to expand the company's LiDAR survey over the strategic claims while initiating regional mapping and rock sampling to assess the extent of known mineralization. This proactive approach is indicative of Vizsla’s commitment to seizing the opportunities presented by the acquisition.

Future Outlook of the Panuco Project

The Panuco Project is touted for its extensive potential, proven further by the Feasibility Study released in November 2025, which indicates an estimated annual production of 17.4 million ounces of silver equivalent over a mine life of approximately 9.4 years. The significant financial metrics from the study, including an after-tax Net Present Value (NPV) of $1.8 billion, suggest a robust economic outlook for Vizsla.

As the mining industry continues to navigate challenges and opportunities ahead, Vizsla Silver stands at an advantageous position with this new acquisition. By focusing on both immediate and long-term exploration strategies, the company is bolstered in its aim to evolve into a leading player in the silver market.

The future certainly looks bright for Vizsla Silver as it enhances its strategic holdings in the promising Panuco region. As exploration activities ramp up and initial findings are validated, the potential for growth within this corridor becomes all the more exciting for investors and stakeholders alike.

In Conclusion

This acquisition represents not just an expansion of land holdings but a strategic move towards enhancing exploration and resource development in a region well-known for its silver and gold deposits. With the backing of solid financial strategies and geological insights, Vizsla Silver is firmly paving the way to harness the latent potential of the Panuco Project.