VIZSLA SILVER TO ACQUIRE STRATEGIC CLAIMS SURROUNDING PANUCO FROM FRESNILLO PLC

Core Viewpoint - Vizsla Silver Corp. has entered into an agreement to acquire ten mining claims from Fresnillo, enhancing its exploration potential in the Panuco – San Dimas corridor, which is known for its silver and gold resources [1][2]. Acquisition Details - The acquisition involves ten claims covering 2,378 hectares, with seven strategic claims adjacent to the Panuco project, totaling 1,734 hectares [1][3]. - The company will pay US$2,000,000 and issue 854,697 common shares as part of the acquisition agreement [7][8]. Strategic Importance - The strategic claims are located along a trend of known mineralized structures and are expected to provide high-priority exploration targets, potentially increasing the overall resource base and improving mine economics [2][4]. - The claims are situated in a region with estimated historic production of 1.2 billion ounces of silver and 15 million ounces of gold [3]. Geological Context - The main lithologies in the strategic claims include favorable andesite lavas and tuffs, with potential vein systems extending into the claims from the Panuco project [4]. - Ongoing LiDAR surveys and regional mapping are planned to identify areas of known mineralization within the strategic claims [5]. Company Overview - Vizsla Silver is focused on advancing its flagship Panuco silver-gold project in Sinaloa, Mexico, which recently completed a feasibility study indicating significant production potential and strong economic metrics [10].