Vizsla Silver Corp


Primary tickers: TSXV:VZLA, NYSE:VZLA
Stage of development: Exploration, Development
Primary minerals: Silver, Gold
Project to promote: Panuco Silver-Gold Project
Project location: Mexico

With a team of experienced natural resource professionals, Vizsla Silver Corp. (TSX-V: VZLA, NYSE: VZLA) is focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla has completed over 140,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2022, Vizsla has budgeted +120,000 metres of resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.

Cash: CAD$40M
Debt: NIL

Major shareholders:
Franklin Advisers Inc- 8.6%
Sprott Asset Management LP- 8.3%
Eric Sprott- 5.8%
Craig Parry- 4.6%
Luxur Capital Group LP -3.3%
Management Ownership – 15%

Map of Projects

Management Profile

Michael Pettingell, SVP Business Development and Strategy
Mr. Pettingell is a geologist with over 10 years of experience working in both pre-producing and operating mines, as well as the capital markets. Prior to joining Vizsla, Michael spent the last four years working in equity research at Canaccord Genuity covering junior precious and base metal explorers and developers in the mining and metals sector. Prior to Canaccord, Mr. Pettingell worked for Hecla Mining, first in exploration at its Lucky Friday unit, and then in corporate development located in Vancouver. Michael started his career as an exploration geologist for Romarco Minerals at its Haile Gold mine prior to it being acquired by OceanaGold in 2015. Michael holds a Bachelor of Science in both Geology and Economics from the University of South Carolina and a Master of Applied Science in Mining Engineering from the University of British Columbia.

What is your rationale for taking part in 121 Mining Investment?

Looking to connect with Institutional and Family office investors

What recent news would you like to highlight to investors attending?

Sep 11, 2023 – Vizsla Silver Intercepts 764 G/T AGEQ Over 11.20 Metres At La Luisa And Commences Drilling The Shallow Horizon 500 Metres North
Aug 23, 2023 – Vizsla Silver Intercepts 646 G/T AGEQ Over 10.00 Metres At Napoleon
Aug 16, 2023 – Vizsla Reports High Metallurgical Test Recoveries For Copala: 91% Silver And 94% Gold
Jul 13, 2023 – Vizsla Silver Reports Additional High-Grade Intercepts On The Copala And Copala 2 Structures

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Resource conversion/ expansion drilling at Copala and Napoleon
Ongoing exploration drilling of high priority targets across the Panuco district


6 Months: 

Ongoing discovery potential from +90,000m drill program
Provide updated resource estimate in Q1 2024

12 Months:

Ongoing discovery potential from drill program
Continuous engineering and environmental programs, including geotechnical and hydrological studies
Preliminary Economic Assessment in 2024

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The biggest challenge Vizsla is currently facing relates to global macroeconomic themes and broader market trends. Vizsla remains committed to becoming the industry’s next tier 1 silver developer, and as such, continues to aggressively advance the Panuco district through resource expansion/discovery-based drilling, engineering trade-offs, and initial scoping studies.

What do you think makes your company such a compelling investment?

The newly consolidated Panuco silver-gold project represents one of the highest-grade silver primary discoveries in the world. Led by a management team experienced in exploration, development, permitting, operations and capital markets. With +90,000 m of ongoing fully funded resource/discovery-based drilling in 2023, Vizsla Silver provides multiple avenues to re-rate. Targeting Q4 for the Panuco resource update and PEA in 2024.

What are the top 3 key investor takeaways?

Large resource base – Panuco Project hosts an estimated in-situ indicated mineral resource of 104.8 Moz AgEq and an insitu inferred resource of 114.1 Moz AgEq.
+90,000m of ongoing fully funded resource/discovery-based drilling planned for 2023 and an updated Panuco resource in Q1 2024.
Significant discovery potential – 43 out of 158 identified targets have been drilled by Vizsla Silver