## Vizsla Silver Earns National Recognition for Third Consecutive Year: Embracing Sustainability and Ethical Practices at Panuco Project
Vancouver, BC – October 29, 2024 – Vizsla Silver Corp. (VZLA) (Frankfurt: 0G3), a leading Canadian mineral exploration and development company, is thrilled to announce that its wholly-owned Mexican subsidiary, Minera CANAM, has once again been bestowed with the prestigious
Socially Responsible Company Distinction (ESR)
. This marks the third year in a row, since 2022, that Vizsla has earned this accolade, solidifying its position as a leader in responsible mining practices.The ESR, Mexico’s highest corporate social responsibility recognition, is jointly awarded by the Mexican Center for Philanthropy (CEMEFI) and the Foundation for Sustainability and Equity (ALIARSE). This coveted distinction is bestowed upon companies that demonstrate unwavering commitment to integrating social and environmental values into their operations, creating a positive impact on the communities and ecosystems they operate within.
A Commitment to Responsible Mining Done Right:
“I am immensely proud of every single Vizsla employee and contractor who works tirelessly at the Panuco Project,” expressed Michael Konnert, President & CEO of Vizsla Silver. “Since the project’s inception in 2019, Vizsla has remained steadfast in its dedication to responsible mining. This commitment translates to being trustworthy stewards of the local environment, operating with transparency and accountability, supporting initiatives that benefit the surrounding communities, and creating a safe and respectful work environment for all.”
Exemplary Safety Performance Recognized:
In addition to the ESR, Minera CANAM also earned the
Safe and Healthy Work Environments Distinction (ELSSA)
. This voluntary program recognizes companies that proactively implement strategies to enhance employee health, safety, and well-being, ultimately contributing to a more productive and high-quality workplace. The Company extends its gratitude to the health and safety department for their tireless efforts in developing and implementing a world-class safety program. With unwavering support from all levels of management, the health and safety department has successfully cultivated a culture of safety among the workforce, partner companies, and other stakeholders on-site.The Panuco Project – A Shining Example of Responsible Development:
The Panuco silver-gold project, located in southern Sinaloa, Mexico, near the city of Mazatlán, stands as a testament to Vizsla’s commitment to responsible development. This newly consolidated project, encompassing 17,856.5 hectares, is an emerging high-grade discovery with over 86 kilometers of total vein extent, 35 kilometers of underground mines, and existing infrastructure including roads, power, and permits. The district boasts intermediate to low sulfidation epithermal silver and gold deposits, linked to siliceous volcanism and crustal extension during the Oligocene and Miocene epochs. The host rocks predominantly consist of continental volcanic rocks associated with the Tarahumara Formation.
On January 8, 2024, Vizsla announced an updated mineral resource estimate for Panuco, revealing an estimated in-situ indicated mineral resource of 155.8 Moz AgEq and an in-situ inferred resource of 169.6 Moz AgEq. This significant discovery reinforces the project’s potential as a key contributor to Vizsla’s goal of becoming a world-leading silver company.
About Vizsla Silver:
Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC. The company focuses on advancing its flagship, 100%-owned Panuco silver-gold project, situated in Sinaloa, Mexico. In July 2024, Vizsla completed a Preliminary Economic Study for Panuco, highlighting the project’s remarkable potential: an anticipated annual production of 15.2 Moz AgEq over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1B, an 86% IRR, and a 9-month payback at US$26/oz Ag and US$1,975/oz Au. Vizsla Silver is committed to sustainable and ethical practices, aiming to become a global leader in silver production through a dual-track development approach at Panuco, advancing mine development while simultaneously exploring the district on a broader scale through cost-effective methods.
This latest recognition underscores Vizsla’s unwavering commitment to sustainable and ethical mining practices, solidifying its position as a responsible corporate citizen and a leading force in the global silver market. As the company continues to advance the Panuco project, it is poised to make a significant contribution to the mining industry while leaving a positive legacy in the communities and ecosystems it operates within.
