Could Vizsla's 48.7% Resource Surge at Panuco Be a Game Changer?
Vizsla's Silver Bonanza: Unveiling a 48.7% Surge in Resources at Panuco Project

In a significant development, Vizsla Silver (TSXV: VZLA; NYSE: VZLA) has recently unveiled substantial enhancements in the resources at its Panuco silver-gold project, located in Sinaloa, Mexico. This expansion encompasses both the indicated and inferred resource categories, marking a remarkable 48.7% increase in its assets.
Background on Vizsla Silver
Vizsla Silver is a prominent player in the mining industry, known for its commitment to exploring and extracting precious metals. The Panuco silver-gold project, fully owned by Vizsla Silver, has been a focal point of their operations.
Resource Expansion Details
The augmentation of resources is indeed impressive. The indicated resource now boasts an impressive 155.8 million silver equivalent, while the inferred resource stands at a substantial 169.6 million ounces of silver equivalent. Equally notable is the 17% boost in the average indicated grade, now at 511 g/t silver equivalent.
Resource Breakdown
Let's delve deeper into the indicated resource. It encompasses 9.5 million tonnes grading at 2.89 g/t silver, 2.41 g/t gold, 0.27% lead, and 0.84% zinc. The sheer magnitude of these numbers is awe-inspiring, with a staggering 88.2 million ounces of silver, 736,000 ounces of gold, 56 million pounds of lead, and 176.1 million pounds of zinc contained within.
Scope of the Resource Estimate
This monumental achievement is the result of relentless efforts and extensive drilling. Vizsla Silver has covered 100,222 meters and drilled 178 new holes between September 2022 and September 2023. It's important to note that this updated resource estimate primarily focuses on the western section of Panuco.
However, what truly stands out is the fact that despite this phenomenal growth in resources, it represents just a fraction—less than 10%—of the known veins within the district.
CEO's Perspective
Vizsla CEO Michael Konnert, elated by this accomplishment, stated in a news release, "What's most impressive is that although we continue to expand the project's mineral inventory year after year, our current resource still accounts for less than 10% of the known veins we have in the district."
Konnert went on to share the company's forward-looking approach: "Going forward, we will focus on de-risking and advancing the high-grade resource in the west towards development, taking advantage of the project's incredible infrastructure, while simultaneously hunting for the next epicenter of mineralization in the central and eastern portions of the district."
Impressive Infrastructure
One of the key elements contributing to Vizsla Silver's success is the exceptional infrastructure in place. This advantage aids in de-risking and advancing the high-grade resource in the western region. The efficient utilization of existing infrastructure enhances the project's overall viability.
Continued Exploration
Vizsla Silver remains committed to exploring beyond the western region. The company's exploration efforts extend to the central and eastern portions of the district, with the aim of discovering new mineralization hubs. This relentless pursuit of growth underscores Vizsla Silver's dedication to its shareholders and the mining industry as a whole.
Conclusion
The resource expansion at Vizsla Silver's Panuco silver-gold project in Mexico is nothing short of remarkable. The substantial increase in both indicated and inferred resources, along with the elevated average indicated grade, reflects the company's dedication to growth and excellence in the mining sector. Vizsla Silver's strategic focus on de-risking, leveraging infrastructure, and ongoing exploration positions them as a key player in the precious metals market.
