Vizsla Silver (US:VZLA) Prnewswireยท2025-01-28 11:00Core Viewpoint - Vizsla Silver Corp. has made significant progress in 2024, transitioning from early-stage exploration to early-stage development at its Panuco silver-gold property, with a focus on derisking known mineralization and preparing for future economic returns [2][4][21]. 2024 Highlights - The company published a Preliminary Economic Assessment (PEA) in July 2024, indicating an annual production of 15.2 million ounces of silver equivalent (AgEq) over an initial mine life of 10.6 years, with an after-tax NPV5% of US$1.1 billion, an 86% internal rate of return (IRR), and a 9-month payback period at silver and gold prices of US$26/oz and US$1,975/oz respectively [4][21]. - Drilling efforts totaled 37,662 meters, leading to an updated mineral resource estimate of 222.4 million ounces AgEq in the measured and indicated category and 138.7 million ounces AgEq in the inferred category [5][20]. - The company's share price increased by 45% from C$1.73 to C$2.51 during 2024 [5]. Key Objectives for 2025 - The company aims to advance the Copala test mine development, complete a feasibility study (FS), and continue exploration drilling with a total of over 37,000 meters planned for engineering, expansion, and exploration programs [6][9][15]. - Specific targets include resource extension drilling at the Copala structure and the Napoleon area, as well as exploration drilling at various other targets in the district [10][11][12]. Financial Position - Vizsla Silver is well-funded with over US$92 million in cash and no debt, allowing it to pursue its operational goals with a long-term view of achieving first silver production in 2027 [2][8]. Community Engagement and Sustainability - The company has organized health fairs providing access to medical professionals for over 550 community members and has been recognized for its social responsibility efforts [8]. Exploration and Development Strategy - The company has expanded its land package to over 17,000 hectares and is utilizing advanced mapping and geophysical surveys to identify new exploration targets [8][16]. - The use of satellite imagery and detailed mapping has covered over 67% of the Panuco district, aiding in the identification of drilling vectors [16]. Conclusion - Vizsla Silver is positioned for a transformative year in 2025, focusing on advancing its flagship Panuco project while maintaining a commitment to community health and safety [2][8].