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 August 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.

 

             
        VIZSLA SILVER CORP.
        (Registrant)
       
Date: August 28, 2024       By  

/s/ Michael Konnert

            Michael Konnert
            Chief Executive Officer

 

 

 

 

 

EXHIBIT INDEX

     

Exhibit

  Description of Exhibit
   
99.1   News Release dated August 28, 2024 - VIZSLA SILVER CONFIRMS EXCEPTIONAL CONTINUITY OF HIGH-GRADE SILVER AND GOLD THROUGH ONGOING INFILL DRILLING AT COPALA CENTRAL

 

EXHIBIT 99.1 

 

  

 

VIZSLA SILVER CONFIRMS EXCEPTIONAL CONTINUITY OF HIGH-GRADE SILVER AND GOLD THROUGH ONGOING INFILL DRILLING AT COPALA CENTRAL

NYSE: VZLA  TSX-V: VZLA

VANCOUVER, BC, Aug. 28, 2024 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to report results from twenty-two 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, has confirmed high-grade mineral continuity where initial mining is likely to occur during the first two years of production at Copala central.

Highlights

CS-24-381A returned 6,270 grams per tonne (g/t) silver equivalent (AgEq) over 6.25 metres true width (mTW) (3,698 g/t silver and 41.20 g/t gold)
Including 10,634 g/t AgEq over 3.22 mTW (6,304 g/t silver and 69.47 g/t gold)
CS-24-375 returned 1,212 g/t AgEq over 14.20 mTW (978 g/t silver and 4.56 g/t gold)
Including 2,447 g/t AgEq over 0.41 mTW (1,775 g/t silver and 11.80 g/t gold)
And, 1,911 g/t AgEq over 0.57 m TW (1,500 g/t silver and 7.74 g/t gold)
And, 6,983 g/t AgEq over 1.42 m TW (5,894 g/t silver and 22.97 g/t gold)
And, 1,850 g/t AgEq over 0.37 m TW (1,580 g/t silver and 5.85 g/t gold)
CS-24-377 returned 1,083 g/t AgEq over 10.00 mTW (895 g/t silver and 3.81 g/t gold)
Including 4,669 g/t AgEq over 2.00 mTW (3,915 g/t silver and 15.69 g/t gold)
CS-24-380 returned 2,554 g/t AgEq over 13.30 mTW (1,861 g/t silver and 12.20 g/t gold)
Including 6,037 g/t AgEq over 4.36 mTW (4,463 g/t silver and 28.02 g/t gold)
And, 4,863 g/t AgEq over 1.14 mTW (3,190 g/t silver and 27.80 g/t gold)

"Infill drilling at Copala continues to highlight excellent precious metals continuity," commented Michael Konnert, President & CEO. "Our recent infill campaign focused on upgrading resources within the area designated for the first two years of potential production. Not only has this program been successful in demonstrating continuity of high grades but has also expanded the local high-grade footprint closer to surface. Based on these results, we have commenced an additional +5,000 metre program designed to both extend resources outboard of the current MRE and to upgrade additional inferred resources at Copala. This additional drilling is expected to be completed in late September."


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 recently completed infill program at Copala central consisted of 10,172 metres in 33 holes. The program was designed to convert near surface indicated mineral resources in the central portion of the main Copala structure into the measured resource category. The twenty-two infill holes reported herein were drilled at approximately 25 metre centers from pre-existing holes and successfully confirm high-grade precious metals continuity along the main Copala structure. Based on recent mapping with the aid of LiDAR, Vizsla discovered a historic mine adit on surface at Copala central. This, in combination with 3D interpretations of drilling data, supports the potential for resource expansion up dip from the previously reported CS-24-356 hole containing visible gold (see press release dated June 26, 2024). This prospective area for resource expansion is estimated to measure approximately 120 x 200 metres and hosts the possibility for additional near-surface target areas located along strike of Copala and above the intersection between the Copala and Cristiano veins. To test this target, Vizsla has commenced an additional +5,000 metre drill program designed to both expand resources outboard of the current MRE and to convert inferred resources into higher confidence categories (see press release dated August 21, 2024). The +5,000 metre expansion-infill program is expected to be completed in late September.


Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points and location of the recently discovered historic adit on Copala. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree dip of Copala. The black dash outlines represent Copala 3 sitting on the hanging wall of Copala. (CNW Group/Vizsla Silver Corp.)


Figure 3: Cross section showing Copala structure, Cristiano, Copala 3, and Tajitos veins with completed drilling. (CNW Group/Vizsla Silver Corp.)

 

Drillhole From To Downhole
Length
Estimated
True width
Ag Au AgEq Vein    
   
(m) (m) (m) (m) (g/t) (g/t) (g/t)    
CS-24-365 346.50 352.50 6.00 4.10 395 2.37 527 Copala    
Includes 351.00 352.50 1.50 1.03 1,160 6.77 1,533      
CS-24-365 360.00 361.30 1.30 1.15 1,950 9.08 2,415 Copala    
CS-24-368 340.90 342.30 1.40 1.40 2,372 9.06 2,797 Copala 3    
Includes 340.90 341.70 0.80 0.80 3,950 15.60 4,694      
CS-24-368 349.90 351.65 1.75 1.75 567 2.64 702 Copala 3    
CS-24-368 363.00 364.40 1.40 1.40 171 0.76 209 Copala    
CS-24-368 367.20 368.50 1.30 1.30 175 0.80 216 Copala    
CS-24-369 318.75 319.75 1.00 0.90 94 0.66 132 Copala 3    
CS-24-369 334.00 342.00 8.00 5.80 493 2.14 599 Copala    
Includes 334.00 334.40 0.40 0.29 950 4.76 1,200      
Includes 339.25 340.20 0.95 0.69 2,701 10.03 3,165      
CS-24-370 196.50 198.00 1.50 1.40 191 1.02 245 Copala    
CS-24-371A 218.80 225.25 6.45 4.60 235 1.45 317 Copala    
CS-24-372 300.00 307.70 7.70 7.50 517 2.45 644 Copala    
Includes 303.00 304.40 1.40 1.36 1,821 6.23 2,096      
CS-24-372 311.20 314.40 3.20 3.00 1,166 5.12 1,422 Copala    
CS-24-373 185.05 189.00 3.95 2.75 435 2.96 605 Copala    
Includes 185.05 186.00 0.95 0.66 941 6.66 1,326      
CS-24-374 198.90 201.70 2.80 2.30 532 3.92 761 Copala    
Includes 200.05 201.00 0.95 0.78 1,120 8.78 1,638      
CS-24-375 290.85 308.35 17.50 14.20 978 4.56 1,212 Copala    
Includes 291.70 292.20 0.50 0.41 1,775 11.80 2,447      
Includes 294.00 294.70 0.70 0.57 1,500 7.74 1,911      
Includes 304.20 305.95 1.75 1.42 5,894 22.97 6,983      
Includes 307.90 308.35 0.45 0.37 1,580 5.85 1,850      
CS-24-376 221.70 226.65 4.95 4.00 627 4.32 875 Copala    
Includes 224.10 225.50 1.40 1.13 1,500 6.84 1,847      
CS-24-377 280.10 292.10 12.00 10.00 895 3.81 1,083 Copala    
Includes 289.70 292.10 2.40 2.00 3,915 15.69 4,669      
CS-24-378 211.95 216.15 4.20 3.95 1,663 12.09 2,366 Copala    
Includes 214.15 216.15 2.00 1.88 2,988 22.02 4,271      
CS-24-379A 209.50 213.15 3.65 3.40 592 4.20 835 Copala    
Includes 211.90 213.15 1.25 1.16 1,280 8.96 1,796      
CS-24-380 278.10 293.80 15.70 13.30 1,861 12.20 2,554 Copala    
Includes 281.75 286.90 5.15 4.36 4,463 28.02 6,037      
Includes 290.65 292.00 1.35 1.14 3,190 27.80 4,863      
CS-24-381A 219.60 226.50 6.90 6.25 3,698 41.20 6,270 Copala    
Includes 220.60 224.15 3.55 3.22 6,304 69.47 10,634      
CS-24-382 309.70 320.60 10.90 10.20 438 2.64 584 Copala    
Includes 312.00 312.55 0.55 0.51 1,970 11.70 2,618      
Includes 314.35 316.70 2.35 2.20 910 5.26 1,199      
CS-24-383 No Significant Values Copala    
CS-24-384 252.95 254.40 1.45 1.40 460 2.41 589 Copala    
CS-24-385 337.05 338.20 1.15 1.10 558 6.00 931 Copala 3    
CS-24-385 348.70 354.00 5.30 5.00 426 2.01 529 Copala    
Includes 348.70 349.40 0.70 0.66 2,090 9.58 2,577      
CS-24-385 359.65 370.40 10.75 9.70 349 1.86 449 Copala    
Includes 369.00 370.40 1.40 1.35 1,235 5.40 1,505      
CS-24-386 257.00 257.55 0.55 0.55 152 1.16 220 Copala    
CS-24-387 314.65 315.50 0.85 0.85 332 2.58 484 Copala    
CS-24-388 No Significant Values Copala 3    
CS-24-388 352.75 361.45 8.70 6.40 396 1.44 462 Copala    
Includes 352.75 353.55 0.80 0.59 688 3.11 845      
Includes 354.95 355.25 0.30 0.22 5,920 17.85 6,646      

 

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).



Table 1:
Downhole drill intersections from the holes reported for Copala and Copala 3 veins.

Drillhole Easting Northing Elevation Azimuth Dip Depth
CS-24-365 404,844 2,586,892 653 275.6 -66.3 372.0
CS-24-368 404,912 2,586,771 680 261.4 -54.0 387.0
CS-24-369 404,834 2,587,004 596 236.1 -64.0 349.5
CS-24-370 404,744 2,586,875 615 251.1 -55.1 223.5
CS-24-371A 404,744 2,586,875 615 253.3 -69.8 240.0
CS-24-372 404,834 2,587,004 596 255.6 -66.8 330.0
CS-24-373 404,701 2,586,892 595 280.2 -73.9 196.5
CS-24-374 404,702 2,586,892 595 288.4 -78.6 216.0
CS-24-375 404,834 2,587,004 596 251.8 -62.5 336.0
CS-24-376 404,724 2,586,986 595 222.7 -67.4 249.0
CS-24-377 404,834 2,587,004 596 250.8 -57.9 318.0
CS-24-378 404,724 2,586,986 594 239.0 -68.0 237.0
CS-24-379A 404,724 2,586,986 594 256.6 -64.6 231.0
CS-24-380 404,843 2,587,004 596 258.8 -55.7 304.5
CS-24-381A 404,724 2,586,986 594 242.1 -73.2 237.0
CS-24-382 404,834 2,587,004 596 244.8 -66.7 343.5
CS-24-383 404,758 2,587,035 597 249.8 -52.4 271.5
CS-24-384 404,759 2,587,035 597 257.0 -55.0 271.5
CS-24-385 404,912 2,586,770 680 269.7 -47.9 381.0
CS-24-386 404,759 2,587,035 597 250.8 -59.0 277.5
CS-24-387 404,848 2,587,120 573 244.0 -42.4 331.5
CS-24-388 404,843 2,586,892 653 239.1 -60.1 372.0



Table 2:
Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.

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.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vizsla-silver-confirms-exceptional-continuity-of-high-grade-silver-and-gold-through-ongoing-infill-drilling-at-copala-central-302232542.html

SOURCE Vizsla Silver Corp.

 

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2024/28/c1800.html

%CIK: 0001796073

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 28-AUG-24


Vizsla Silver (AMEX:VZLA)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas Vizsla Silver.
Vizsla Silver (AMEX:VZLA)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas Vizsla Silver.