Vizsla Silver Corp

Financials:

Primary ticker: TSXV:VZLA, NYSE:VZLA
Stage of development: Exploration, Development
Primary minerals: Silver
Project to promote: Panuco Silver-Gold Project
Project location: Mexico
Website: vizslasilvercorp.ca

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla has completed over 210,000 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$11M
Debt: NIL

Major shareholders:
Craig Parry – 5.4%
Franklin Advisers Inc – 4.9%
Luxor Capital Group LP – 3.8%
Eric Sprott – 3.4%
Sprott Asset Management LP – 3.2%
Management Ownership – 16%

Management Profile

Michael Pettingell, VP 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 121 Mining Investment?

Looking to connect with Institutional and Family office investors

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

Oct 12, 2022 – Vizsla Silver Expands Mineralization at Southern End of Napoleon
Sep 22, 2022 – Vizsla Silver Expands Mineralization West of Napoleon and Acquires New Claims, Adding Over 400 Metres of Potential Vein Strike
Sep 12, 2022 – Vizsla Silver Expands Copala with More Bonanza-Grade Silver – 2,093 G/T AgEq Over 10.20 Metres
Sep 7, 2022 – Vizsla Silver Drills New Vein at Tajitos-Copala – Intersects 2,913 G/T AgEq Over 1.46 Metres

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

3 Months:

Deliver updated project resource in Q4 2022

 

6 Months: 

Ongoing discovery potential from +120,000m drill program
 

12 Months:

Update to project resource and ongoing discovery potential from on-going drill program

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 +120,000 m of ongoing fully funded resource/discovery-based drilling in 2022 with 9 rigs Vizsla Silver provides multiple avenues to re-rate. Targeting Q4 for the Panuco resource update, with optionality to expedite production via existing infrastructure.

What are the top 3 key investor takeaways?

+120,000m of ongoing fully funded resource/discovery-based drilling planned for 2022 with 9 drill rigs and an updated Panuco resource in Q4 2022

Significant discovery potential – 40 out of 135 identified targets have been drilled by Vizsla Silver

Expedited pathway to production – Existing and permitted operating infrastructure at Panuco allows for near-term production potential.