Business
Vizsla Silver To Acquire Large Santa Fe Claim Package Including A Producing Mine Along Trend And Immediately South Of Panuco
VANCOUVER, BC, May 15, 2025 /CNW/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") is pleased to announce that
About this update from Vizsla Silver Corp.
[{"type":"text","content":" VANCOUVER, BC, May 15, 2025 /CNW/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (\"Vizsla Silver\" or the \"Company\") is pleased to announce that it has entered into an agreement to acquire the Santa Fe Project (the \"Santa Fe Project\"), including both production and exploration concessions, comprising 12,229 Ha located to the south of the Company's flagship Panuco project (the \"Panuco Project\" or \"Panuco\") for a combination of cash and shares. The Santa Fe Project benefits from permitted on-site production infrastructure including an operating 350 tonne per day (\"tpd\") mill situated along the highly prospective Panuco – San Dimas corridor and is covered 100% with LiDAR and high-resolution aero-magnetic and radiometric surveys. Highlights Large property package comprised of 12,229 Ha located 22 km southeast from Panuco and immediately south of the recently acquired San Enrique prospect (see press released dated April 16, 2024). Fully permitted 350 tpd flotation plant that produces silver and gold from a northwest trending epithermal vein. From 2020 through 2024, the Santa Fe mine processed 370,366 tonnes of ore at average head grades of 203 g/t silver and 2.17 g/t gold. The project area is covered 100% with LiDAR and high-resolution aero-magnetic and radiometric surveys as well as detailed mapping and IP geophysics around the mine area. Previous drilling campaigns completed by Aurico Gold and Fortuna Mining in 2014 and 2020, respectively, outlined the high-grade shoot currently being mined but also reported anomalous silver intercepts in four other target areas. The producing Santa Fe mine and known vein prospects identified to date account for approximately 12% of the total property package. \"Vizsla Silver continues to expand its land position in western Mexico along the highly prospective Sinaloa Silver Belt with the acquisition of the producing Santa Fe mine,\" stated Michael Konnert, President, and CEO. \"With an option agreement now in place on the Santa Fe production concessions, Vizsla Silver has the potential to bolster its overall production profile well beyond the 20.2 million ounces AgEq of initial annual production envisioned for Panuco Project #1. This is supported by permitted operating infrastructure including a 350 tpd flotation plant and open-ended mineralized vein structures located ...