NYSE: VZLA TSX-V:
VZLA
VANCOUVER, BC, Sept. 26,
2024 /CNW/ - Vizsla Silver Corp. (TSXV:
VZLA) (NYSE: VZLA) (Frankfurt:
0G3) ("Vizsla" or the "Company") is pleased to
announce the release of its second annual Sustainability
Report (the "Report"), highlighting the Company's ongoing
commitment to Environmental, Social and Governance practices.
"Vizsla Silver remains committed to sustainable practices to
support positive change in our industry and beyond," commented
Michael Konnert, President and CEO.
"This Report is a testament to our efforts and dedication to
forge a responsible future for the environment, our people and the
communities in which we operate. This year's Sustainability Report
highlights the devotion and commitment Vizsla Silver has undertaken
over the past twelve months to move our ESG initiatives forward. I
am very proud of these results and the entire Vizsla team for their
ongoing dedication to regenerative mining."
The Report provides detailed insights into Vizsla's performance
and initiatives across three key pillars of sustainability –
environmental stewardship, social responsibility, and ethical
governance, including:
Environmental:
- Cultivated approximately 4,000 native trees, accounting for 15
different species that will serve in future restoration activities;
and
- Maintained voluntary efforts to rehabilitate two aging tailing
storage facilities from legacy operations.
Social:
- Facilitated three health fairs, providing essential medical
care to nearly 550 community members; and
- Invested nearly CA$100,000.00 in the local community, bringing
our cumulative total investment to over CA$400,000.00.
Governance:
- Strengthen our ESG reporting framework and increased
transparency by prepared the second annual sustainability report;
and
- Initiated the process of updating our social impact assessment
and formalizing the Social Management Plan.
Vizsla's 2024 Sustainability Report was prepared with reference
to the Global Reporting Initiative (GRI) Standards and the
Sustainability Accounting Standards Board (SASB) Metals and Mining
Sustainability Accounting Standard and represents an opportunity
for stakeholders to gain a comprehensive understanding of the
Company's sustainability journey. The Report will be shared through
various communication channels, including the Company's website. To
view the full 2024 Sustainability Report, please visit
www.vizslasilvercorp.ca.
About the Panuco Project
The newly consolidated Panuco
silver-gold project is an emerging high-grade discovery located in
southern Sinaloa, Mexico, near the
city of Mazatlán. The 17,856.5-hectare, past-producing district
benefits from over 86 kilometres of total vein extent, 35
kilometres of underground mines, roads, power, and permits.
The district contains intermediate to low sulfidation epithermal
silver and gold deposits related to siliceous volcanism and crustal
extension in the Oligocene and Miocene. Host rocks are mainly
continental volcanic rocks correlated to the Tarahumara
Formation.
On January 8, 2024, the Company
announced an updated mineral resource estimate for Panuco which includes an estimated in-situ
indicated mineral resource of 155.8 Moz AgEq and an in-situ
inferred resource of 169.6 Moz AgEq (please refer to our Technical
Report on Updated Mineral Resource Estimate for the Panuco
Ag-Au-Pb-Zn Project, Sinaloa State, Mexico, by Allan
Armitage, Ben Eggers and
Peter Mehrfert, dated February 12,
2024 and to our Company´s press release dated January 8, 2024).
About Vizsla Silver
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 Silver has completed over 380,000 metres of drilling at
Panuco leading to the discovery of
several new high-grade veins. For 2024, Vizsla Silver has budgeted
+45,000 metres of resource/discovery based drilling designed to
upgrade and expand the mineral resource, as well as test other high
priority targets across the district.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward–Looking Statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and "forward–looking information"
under applicable Canadian securities laws. When used in this news
release, the words "anticipate", "believe", "estimate", "expect",
"target", "plan", "forecast", "may", "would", "could", "schedule"
and similar words or expressions, identify forward–looking
statements or information.
Forward–looking statements and forward–looking information
relating to any future mineral production, liquidity, enhanced
value and capital markets profile of Vizsla Silver, future growth
potential for Vizsla Silver and its business, and future
exploration plans are based on management's reasonable assumptions,
estimates, expectations, analyses and opinions, which are based on
management's experience and perception of trends, current
conditions and expected developments, and other factors that
management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Assumptions
have been made regarding, among other things, the price of silver,
gold, and other metals; costs of exploration and development; the
estimated costs of development of exploration projects; Vizsla
Silver's ability to operate in a safe and effective manner and its
ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver's respective current
views with respect to future events and are necessarily based upon
a number of other assumptions and estimates that, while considered
reasonable by management, are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. Many factors, both known and unknown, could
cause actual results, performance, or achievements to be materially
different from the results, performance or achievements that are or
may be expressed or implied by such forward–looking statements or
forward-looking information and Vizsla Silver has made assumptions
and estimates based on or related to many of these factors. Such
factors include, without limitation: the Company's dependence on
one mineral project; precious metals price volatility; risks
associated with the conduct of the Company's mining activities in
Mexico; regulatory, consent or
permitting delays; risks relating to reliance on the Company's
management team and outside contractors; risks regarding mineral
resources and reserves; the Company's inability to obtain insurance
to cover all risks, on a commercially reasonable basis or at all;
currency fluctuations; risks regarding the failure to generate
sufficient cash flow from operations; risks relating to project
financing and equity issuances; risks and unknowns inherent in all
mining projects, including the inaccuracy of reserves and
resources, metallurgical recoveries and capital and operating costs
of such projects; contests over title to properties, particularly
title to undeveloped properties; laws and regulations governing the
environment, health and safety; operating or technical difficulties
in connection with mining or development activities; employee
relations, labour unrest or unavailability; the Company's
interactions with surrounding communities and artisanal miners; the
Company's ability to successfully integrate acquired assets; the
speculative nature of exploration and development, including the
risks of diminishing quantities or grades of reserves; stock market
volatility; conflicts of interest among certain directors and
officers; lack of liquidity for shareholders of the Company;
litigation risk; and the factors identified under the caption "Risk
Factors" in Vizsla Silver's management discussion and analysis.
Readers are cautioned against attributing undue certainty to
forward–looking statements or forward-looking information. Although
Vizsla Silver has attempted to identify important factors that
could cause actual results to differ materially, there may be other
factors that cause results not to be anticipated, estimated or
intended. Vizsla Silver does not intend, and does not assume any
obligation, to update these forward–looking statements or
forward-looking information to reflect changes in assumptions or
changes in circumstances or any other events affecting such
statements or information, other than as required by applicable
law.
SOURCE Vizsla Silver Corp.