UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE
ACT OF 1934
For the month
of July 2024
Commission File
Number: 001-41225
VIZSLA SILVER CORP.
(Registrant)
Suite 700, 1090 West Georgia
Street
Vancouver, British Columbia
V6E 3V7 Canada
(Address
of Principal Executive Offices)
Indicate by check mark whether the Registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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VIZSLA SILVER CORP. |
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(Registrant) |
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Date:
July 9, 2024 |
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By |
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/s/ Michael Konnert |
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Michael Konnert |
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Chief Executive Officer |
EXHIBIT INDEX
EXHIBIT 99.1
VIZSLA SILVER REPORTS MORE HIGH-GRADE RESULTS
AT COPALA AND COPALA 3, DEMONSTRATING STRONG MINERAL CONTINUITY
NYSE: VZLA TSX-V:
VZLA
VANCOUVER, BC, July 9, 2024 /CNW/ - Vizsla Silver
Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to report
results from six new drill holes targeting the Copala resource area at its 100%-owned, flagship Panuco silver-gold project ("Panuco"
or the "Project") located in Mexico. The reported drilling, designed to infill near-surface Indicated Mineral Resources,
continues to confirm high-grade continuity throughout Copala including new high-grade intercepts on the Copala 3 hanging-wall vein splay.
Highlights
| • | CS-24-366 returned 2,398 grams per tonne (g/t) silver
equivalent (AgEq) over 7.00 metres true width (mTW) (1,898 g/t silver and 9.51 g/t gold) |
| • | Including 5,385 g/t AgEq over 0.56 mTW (3,950 g/t silver
and 25.40 g/t gold) |
| • | And, 4,457 g/t AgEq over 1.29 mTW (3,430 g/t silver
and 18.95 g/t gold) |
| • | CS-24-359 returned 1,027 g/t AgEq over 7.80 mTW (788
g/t silver and 4.40 g/t gold) |
| • | Including 6,343 g/t AgEq over 0.86 mTW (5,010 g/t silver
and 25.30 g/t gold) |
| • | And, 1,749 g/t AgEq over 0.53 m TW (1,360 g/t silver
and 7.26 g/t gold) |
| • | CS-24-361 returned 2,023 g/t AgEq over 3.50 mTW (1,617
g/t silver and 7.83 g/t gold) |
| • | Including 6,331 g/t AgEq over 0.39 mTW (5,230 g/t silver
and 22.30 g/t gold) |
| • | CS-24-363 returned 2,193 g/t AgEq over 2.68 mTW (1,831
g/t silver and 7.47 g/t gold) |
| • | Including 4,787 g/t AgEq over 0.78 mTW (4,040 g/t silver
and 15.75 g/t gold) |
"Ongoing infill drilling at Copala, where
initial mining will likely take place, continues to demonstrate exceptional mineral continuity," commented Michael Konnert, President
& CEO. "Tight-spaced drilling along Copala Main and its hanging-wall splay structures has now expanded the high-grade footprint
closer to surface, potentially reducing the overall development required to access the minerlization. The more we drill on the property,
the more confidence we have that Panuco will be a high-margin, low capex project. Moving forward, we will continue our conversion drilling
at Copala as we de-risk the Project ahead of the maiden PEA, slated for early Q3 2024."
Figure 1: Plan map of recent drilling centered on
the Copala structure. (CNW Group/Vizsla Silver Corp.)
The precious metals dominant Copala structure, located
in the western portion of the Panuco district, is situated ~800 m to the east of the Napoleon Vein. Copala currently hosts Indicated Resources
of 83.3 Moz AgEq at 573 g/t AgEq and Inferred Resources of 48.3 Moz AgEq at 476 g/t AgEq within a broad envelope of vein-breccia interlayered
with host rock, up to 82 metres thick (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 Vizsla's press release
dated January 8, 2024). Interpretations by Vizsla geologists indicate Copala has an average dip of ~46° to the east (~35° in its
northern sector and steepening to ~65° in the southern sector).
Exploration and Resource drilling at Copala has traced
mineralization along ~1,770 metres of strike length and ~400 metres down dip. The infill holes reported herein are part of an ongoing
~10,000 program (~35 holes), planned to convert near surface Indicated Mineral Resources in the central portion of main Copala into the
Measured Resource category. The six infill holes reported were drilled at approximately 25 metre centers from pre-existing holes and continue
to successfully confirm grade continuity along the main Copala structure. Additionally, some of these holes also intercepted high-grades
on Copala 3, which sits between 10-45 metres to the east of Copala main, on the hanging-wall side of the structure. The Copala 3 vein
is demonstrating good continuity with many holes having previously intercepted the structure, as shown by the blue pierce points in Figure
3. The high grades seen in Copala 3, may contribute to a further improved, overall grade profile as more resources are converted to higher
confidence categories in the central portion of Copala. Vizsla plans to complete its ongoing ~10,000 infill program by mid to late July.
Based on the results received, Vizsla is analysing additional drilling metres to continue upgrading and expanding mineral resources in
high priority areas at Copala.
Figure 2: Inclined longitudinal section for Copala
structure with drillhole pierce points. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree dip
of Copala. The gray and black dash outlines represent Copala 2, Copala 3 and Copala 4 vein splays. (CNW Group/Vizsla Silver Corp.)
Figure 3: Inclined longitudinal section for Copala
3 vein splay with drillhole pierce points. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree
dip of Copala. (CNW Group/Vizsla Silver Corp.)
Figure 4: Cross section showing Copala structure,
Cristiano, Copala 3, Copala 4 and FW Splay veins with completed drilling. (CNW Group/Vizsla Silver Corp.)
Drillhole |
From |
To |
Downhole
Length |
Estimated
True width |
Ag |
Au |
AgEq |
Vein |
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(m) |
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(g/t) |
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CS-24-359 |
332.15 |
341.65 |
9.50 |
7.80 |
788 |
4.40 |
1,027 |
Copala 3 |
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Includes |
336.25 |
337.30 |
1.05 |
0.86 |
5,010 |
25.30 |
6,343 |
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Includes |
341.00 |
341.65 |
0.65 |
0.53 |
1,360 |
7.26 |
1,749 |
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CS-24-359 |
369.30 |
373.75 |
4.45 |
3.76 |
242 |
1.18 |
303 |
Copala |
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Includes |
371.00 |
371.60 |
0.60 |
0.51 |
1,015 |
3.60 |
1,177 |
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CS-24-359 |
378.00 |
381.00 |
3.00 |
2.53 |
170 |
0.44 |
186 |
Copala |
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CS-24-361 |
346.05 |
351.60 |
5.55 |
5.25 |
547 |
6.58 |
962 |
Copala 3 |
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Includes |
346.05 |
346.50 |
0.45 |
0.43 |
2,370 |
59.70 |
6,366 |
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Includes |
347.25 |
348.20 |
0.95 |
0.90 |
1,110 |
5.03 |
1,365 |
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CS-24-361 |
366.00 |
369.60 |
3.60 |
3.50 |
1,617 |
7.83 |
2,023 |
Copala |
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Includes |
368.20 |
368.60 |
0.40 |
0.39 |
5,230 |
22.30 |
6,331 |
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CS-24-363 |
325.40 |
328.15 |
2.75 |
2.68 |
1,831 |
7.47 |
2,193 |
Copala |
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includes |
326.55 |
327.35 |
0.80 |
0.78 |
4,040 |
15.75 |
4,787 |
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CS-24-364 |
344.55 |
346.40 |
1.85 |
1.80 |
131 |
0.71 |
169 |
Copala 3 |
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CS-24-364 |
358.10 |
360.75 |
2.65 |
2.65 |
277 |
2.20 |
407 |
Copala |
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CS-24-366 |
348.85 |
357.00 |
8.15 |
7.00 |
1,898 |
9.51 |
2,398 |
Copala 3 |
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Includes |
348.85 |
349.50 |
0.65 |
0.56 |
3,950 |
25.40 |
5,385 |
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Includes |
351.00 |
352.50 |
1.50 |
1.29 |
3,430 |
18.95 |
4,457 |
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Includes |
352.80 |
354.00 |
1.20 |
1.03 |
3,200 |
13.00 |
3,829 |
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CS-24-366 |
376.50 |
379.70 |
3.20 |
3.08 |
147 |
0.74 |
186 |
Copala |
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CS-24-367 |
352.30 |
355.50 |
3.20 |
2.75 |
124 |
0.72 |
164 |
Copala 3 |
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CS-24-367 |
374.50 |
378.95 |
4.45 |
3.35 |
383 |
1.62 |
462 |
Copala |
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Includes |
374.50 |
375.50 |
1.00 |
0.75 |
1,280 |
5.54 |
1,555 |
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Note: AgEq = Ag g/t x Ag rec. + (Au g/t x Au Rec x Au price/gram)/Ag price/gram. Metal price assumptions are $24.00/oz silver and $1,800/oz gold and metallurgical recoveries assumed are 91% for silver and 94% for gold. Gold and silver metallurgical recoveries used in this release are from metallurgical test results of the Copala vein (see press release dated August 16, 2023). |
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Table 1: Downhole drill intersections from the holes reported for Copala and Copala 3 veins. The two intercepts on main Copala for CS-24-359 occur within a broad (9.90 m) lower grade vein-breccia structure. |
Drillhole |
Easting |
Northing |
Elevation |
Azimuth |
Dip |
Depth |
CS-24-359 |
404,912 |
2,586,771 |
680 |
261.7 |
-45.8 |
382.5 |
CS-24-361 |
404,912 |
2,586,771 |
680 |
265.5 |
-47.9 |
381.0 |
CS-24-363 |
404,844 |
2,586,892 |
653 |
277.7 |
-61.7 |
343.5 |
CS-24-364 |
404,912 |
2,586,771 |
680 |
270.4 |
-43.2 |
376.5 |
CS-24-366 |
409,912 |
2,586,771 |
680 |
266.2 |
-51.5 |
387.0 |
CS-24-367 |
404,844 |
2,586,892 |
653 |
274.7 |
-69.4 |
394.5 |
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Table 2: Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13. |
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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 368,000 metres of drilling at Panuco leading to the discovery of several
new high-grade veins. For 2024, Vizsla Silver has budgeted +30,000 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.
Quality Assurance / Quality Control
Drill core samples were shipped to ALS Limited in
Zacatecas, Zacatecas, Mexico and in North Vancouver, Canada for sample preparation and for analysis at the ALS laboratory in North Vancouver
and rock samples were shipped to SGS Lab in Durango Mexico for sample preparation and analysis. The ALS Zacatecas, North Vancouver
facilities and SGS lab are ISO 9001 and ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with
an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption ("AA") spectroscopy finish. Over limit analyses
for silver, lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.
Control samples comprising certified reference samples,
duplicates and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance
/ quality control protocol.
Qualified Person
In accordance with NI 43-101, Jesus Velador, Ph.D.
MMSA QP., Vice President of Exploration, is the Qualified Person for the Company and has reviewed and approved the technical and scientific
content of this news release.
Information Concerning Estimates of Mineral Resources
The scientific and technical information in this news
release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange
Commission (the "SEC"). The terms "measured mineral resource", "indicated mineral resource" and "inferred
mineral resource" used herein are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum
Standards (the "CIM Definition Standards"), which definitions have been adopted by NI 43-101. Accordingly, information contained
herein providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public
by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.
You are cautioned not to assume that any part or all
of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "inferred mineral resources"
are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence
and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral
resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve.
However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with
continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility
studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically
or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however,
the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place
tonnage and grade without reference to unit measures.
Canadian standards, including the CIM Definition Standards
and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining
disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC Modernization
Rules"), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace
the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization
Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred
mineral resources". Information regarding mineral resources contained or referenced herein may not be comparable to similar information
made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be "substantially
similar" to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and
the CIM Definitions Standards. Accordingly, there is no assurance any mineral resources that the Company may report as "measured
mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the
same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.
Website: www.vizslasilvercorp.ca
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. These forward-looking statements or information relate
to, among other things: the exploration, development, and production at Panuco, including plans for resource/discovery-based drilling,
designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.
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; no escalation in the severity of the COVID-19 pandemic; 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; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic
and financial implications of COVID-19 to the Company; 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.
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For further information: Contact Information: For more information
and to sign-up to the mailing list, please contact: Michael Konnert, President and Chief Executive Officer, Tel: (604) 364-2215, Email:
info@vizslasilver.ca
CO: Vizsla Silver Corp.
CNW 06:00e 09-JUL-24
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