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Vizsla Silver Provides 2022 Year-end Summary and 2023 Outlook
VANCOUVER, BC, Feb. 21, 2023 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to provide a year-end
About this update from Vizsla Silver Corp.
[{"type":"text","content":" VANCOUVER, BC, Feb. 21, 2023 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (\"Vizsla\" or the \"Company\") is pleased to provide a year-end summary of its activities at its flagship Panuco silver-gold property (the \"Property\" or \"Panuco\") located in Sinaloa, Mexico and outline the Company's key objectives/milestones for 2023. 2022 Year in Review: \"2022 was an exciting year of exploration and growth at Panuco,\" commented Michael Konnert, President & CEO. \"In March of 2022, we published our initial mineral resource estimate centered on the western portion of the Panuco district. We then continued our aggressive exploration campaign, which included over 121,000 metres of new diamond drilling, culminating in an updated resource estimate released in January 2023. Relative to the maiden estimate, the latter update highlighted a significant increase in both the Project's contained silver and gold ounces as well as the overall grade. Additionally, newly discovered near-surface, high-grade structures continue to demonstrate the growth potential outboard of the known resource boundaries. On the corporate side, Vizsla successfully raised over $35M in equity financings in 2022 and an additional $45M in early 2023 to fund ongoing exploration/development at Panuco. This, along with several new additions to our technical and senior management team, put us in a position of strength as the Project enters the next phase of development. For 2023, our focus is on incremental expansion and de-risking of the current resource base. With a fully funded +90,000 metre drill program utilizing seven drill rigs, we plan to update the current Panuco resource estimate in the second half of 2023, which will be followed in due course by an initial Preliminary Economic Assessment.\" 2022 Highlights & Discoveries The bulk of 2022 drilling was centred on the western portion of the district, focused on upgrading and expanding resources at the Copala and Napoleon areas. At Copala, mineralization has now been traced over 1,150 meters along strike, 400 meters down dip, and remains open to the north and southeast. Copala hosts an indicated resource of 51 Moz AgEq and inferred resource of 55 Moz AgEq based on 80 holes completed to date. At Napoleon, drilling throughout 2022 successfully expanded mineralization along strike and do...