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 January 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:
January 8, 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 ANNOUNCES SIGNIFICANT INCREASE
IN CONTAINED OUNCES AND INCREASE IN GRADE OF INDICATED CATEGORY TO 551 G/T AGEQ IN UPDATED MINERAL RESOURCES ESTIMATE
VANCOUVER, BC, Jan. 8, 2024 /CNW/ - Vizsla Silver
Corp. (NYSE: VZLA) (TSXV: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") is pleased to
announce an updated mineral resource estimate ("Updated Mineral Resource Estimate") for its flagship, 100% owned Panuco
silver-gold project (the "Project" or "Panuco") located in Sinaloa, Mexico. The Updated Mineral Resource
Estimate was completed by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services.
Highlights of the Updated Mineral Resource Estimate,
including a comparison to the previous mineral resource estimate released in January 2023:
| • | 48.7% increase in indicated mineral resources from 104.8
to 155.8 Moz AgEq |
| • | 48.7% increase in inferred mineral resources from 114.1
to 169.6 Moz AgEq |
| • | 17% increase in average indicated mineral resource grade
from 437 to 511 g/t AgEq |
| • | New addition of La Luisa containing 4.0 Moz AgEq indicated
and 25.3 Moz AgEq of Inferred Resources |
Key Statistics:
| • | The Updated Mineral Resource represents less than 10%
of the known vein strike of the newly consolidated district |
| • | 90% of the value of the Updated Mineral Resource Estimate
is comprised of precious metals, including 56% from silver |
| • | A total of 11 epithermal veins were included in the Updated
Mineral Resource Estimate |
| • | Total all-in exploration cost of US$0.32/oz AgEq discovered |
Indicated Mineral Resources are estimated
at 9.5 million tonnes ("Mt") grading 289 grams per tonne ("g/t") silver, 2.41 g/t gold, 0.27% lead, and 0.84% zinc
(511 g/t silver equivalent ("AgEq")). The Updated Mineral Resource Estimate includes indicated mineral resources of 88.2
million ounces ("Moz") of silver, 736 thousand ounces ("koz") of gold, 25.4 kilotonnes ("kt") of lead, and
79.9 kt of zinc (155.8 Moz AgEq).
Inferred Mineral Resources are estimated
at 12.2 Mt grading 239 g/t silver, 1.93 g/t gold, 0.29% lead, and 1.03% zinc (433 g/t AgEq). The Updated Mineral Resource Estimate
includes inferred mineral resources of 93.7 Moz of silver, 758 koz of gold, 35.4 kt of lead, and 125.3 kt of zinc (169.6 Moz AgEq).
The Updated Mineral Resource Estimate is centred on
the western portion of Panuco, encompassing ~8 km of the known 86 km of cumulative vein strike in the district. The Updated Mineral Resource
Estimate includes 178 new infill/expansion holes (100,222 metres) completed by Vizsla Silver between September 2022 and September 2023.
In total, the Updated Mineral Resource Estimate is based on a total drill database of 822 holes (302,931 metres) completed by Vizsla Silver
since November 2019.
"We are pleased to announce another significant
resource update milestone for the high-grade Panuco silver gold district," commented Michael Konnert, President and CEO. "Although
substantial, this update represents only a moment in time at the Project, as drills continue to turn in 2024."
"The Project's indicated resource now stands
at 88 million ounces of silver and 736 thousand ounces of gold, while the inferred resource contains 94 million ounces of silver and 758
thousand ounces of gold. This represents a 49% increase in both indicated and inferred ounces and a 17% increase in indicated grade relative
to the previous estimate. Resource focused drilling throughout 2023 was successful in converting almost half of the January 2023 inferred
resource to the indicated category while exploration drilling added new resources at both Copala and Napoleon. The bulk of this year's
resource growth came from the Napoleon Area, largely driven by the inclusion of La Luisa, which added an additional 25Moz AgEq in inferred
mineralization."
"What's most impressive is that although we
continue to expand the Project's mineral inventory year after year, our current resource still accounts for less than 10% of the known
veins we have in the district. Going forward, we will focus on de-risking and advancing the high-grade resource in the west towards development,
taking advantage of the Project's incredible infrastructure, while simultaneously hunting for the next epicenter of mineralization in
the central and eastern portions of the district. This is an outstanding achievement that comes as a result of hard work and perseverance.
I want to thank everyone from the entire Vizsla team, including our contractors and local communities, and look forward to another successful
year in 2024."
Vizsla Silver will be hosting a webcast to discuss
the Updated Mineral Resource Estimate at 10:00am PT on Thursday, January 11th, 2024. To register, please click here.
A technical report is being prepared on the Updated
Mineral Resource Estimate in accordance with National Instrument 43-101 ("NI-43-101") and will be available on the Company's
website and SEDAR within 45 days of the date of this release. The effective date of the Updated Mineral Resource Estimate is September 1,
2023.
Panuco Project Resource Summary (150 g/t AgEq cut-off)
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Updated MRE |
Previous MRE |
Variance |
Resource Class |
Indicated |
Inferred |
Indicated |
Inferred |
Indicated |
Inferred |
Tonnes (MT) |
9.5 |
12.2 |
7.5 |
7.2 |
2.0 |
5.0 |
Au g/t |
2.41 |
1.93 |
2.12 |
2.14 |
0.29 |
-0.21 |
Ag g/t |
289 |
239 |
243 |
304 |
46 |
-65 |
Pb % |
0.27 |
0.29 |
0.23 |
0.19 |
0.04 |
0.10 |
Zn % |
0.84 |
1.03 |
0.71 |
0.54 |
0.13 |
0.49 |
AgEq (g/t) |
511 |
433 |
437 |
491 |
74 |
-58 |
AuEq (g/t) |
6.81 |
5.76 |
5.82 |
6.55 |
0.99 |
-0.79 |
Au (koz) |
736 |
758 |
508 |
496 |
228 |
262 |
Ag (koz) |
88,192 |
93,653 |
58,330 |
70,672 |
29,862 |
22,981 |
Pb (kt) |
56.0 |
35.4 |
17.2 |
13.7 |
38.8 |
21.7 |
Zn (kt) |
79.9 |
125.3 |
53.3 |
38.9 |
26.6 |
86.4 |
1AgEq (koz) |
155,841 |
169,647 |
104,793 |
114,113 |
51,048 |
55,534 |
2AuEq (koz) |
2,076 |
2,261 |
1,404 |
1,516 |
672 |
745 |
Panuco Project Indicated & Inferred Mineral
Resource Summary by Vein (150 g/t AgEq cut-off)
Classification |
Tonnes |
Average Grade |
Contained Metal |
Ag |
Au |
Pb |
Zn |
AgEq |
Au Eq |
Ag |
Au |
Pb |
Zn |
1AgEq |
2AuEq |
(Mt) |
(g/t) |
(g/t) |
( %) |
( %) |
(g/t) |
(g/t) |
(koz) |
(koz) |
(kt) |
(kt) |
(koz) |
(koz) |
Indicated |
Copala |
4.5 |
380 |
2.46 |
0.08 |
0.15 |
573 |
7.64 |
55,201 |
358 |
3.7 |
6.9 |
83,270 |
1,110 |
Tajitos |
0.6 |
358 |
2.24 |
0.12 |
0.21 |
538 |
7.18 |
7,295 |
46 |
0.7 |
1.3 |
10,953 |
146 |
Cristiano |
0.2 |
581 |
3.37 |
0.25 |
0.43 |
858 |
11.45 |
3,961 |
23 |
0.5 |
0.9 |
5,851 |
78 |
Copala Area
Total |
5.4 |
385 |
2.48 |
0.09 |
0.17 |
580 |
7.74 |
66,457 |
427 |
5.0 |
9.2 |
100,074 |
1,343 |
Napoleon |
3.3 |
162 |
2.39 |
0.52 |
1.73 |
425 |
5.66 |
17,276 |
255 |
17.2 |
57.4 |
45,223 |
603 |
Napoleon HW |
0.4 |
164 |
1.72 |
0.42 |
1.53 |
365 |
4.87 |
2,259 |
24 |
1.8 |
6.5 |
5,029 |
67 |
Luisa |
0.3 |
177 |
2.56 |
0.39 |
2.01 |
459 |
6.12 |
1556 |
22 |
1.1 |
5.5 |
4,027 |
54 |
Josephine |
0.1 |
221 |
2.88 |
0.39 |
1.11 |
492 |
6.56 |
491 |
6 |
0.3 |
0.8 |
1,092 |
15 |
Cruz |
0.0 |
144 |
2.01 |
0.37 |
1.71 |
373 |
4.97 |
153 |
2 |
0.1 |
0.6 |
396 |
5 |
NP Area
Total |
4.1 |
164 |
2.34 |
0.50 |
1.72 |
421 |
5.66 |
21,735 |
309 |
20.4 |
70.7 |
55,767 |
743 |
Total
Indicated |
9.5 |
289 |
2.41 |
0.27 |
0.84 |
511 |
6.81 |
88,192 |
736 |
25.4 |
79.9 |
155,841 |
2,076 |
Inferred |
Copala |
3.2 |
332 |
1.77 |
0.12 |
0.20 |
476 |
6.34 |
33,722 |
179 |
3.7 |
6.2 |
48,320 |
644 |
Tajitos |
1.0 |
365 |
2.04 |
0.22 |
0.39 |
540 |
7.21 |
12,260 |
69 |
2.3 |
4.0 |
18,140 |
242 |
Cristiano |
0.7 |
443 |
2.54 |
0.15 |
0.29 |
650 |
8.66 |
10,213 |
59 |
1.1 |
2.0 |
14,974 |
200 |
Copala Area
Total |
4.9 |
355 |
1.94 |
0.15 |
0.25 |
515 |
6.86 |
56,195 |
307 |
7.1 |
12.3 |
81,434 |
1,081 |
Napoleon |
3.2 |
137 |
1.64 |
0.45 |
1.76 |
342 |
4.57 |
14,045 |
168 |
14.4 |
55.9 |
35,063 |
467 |
Napoleon HW |
0.8 |
220 |
2.17 |
0.59 |
2.02 |
479 |
6.39 |
5,976 |
59 |
5.0 |
17.0 |
13,027 |
174 |
La Luisa |
2.0 |
159 |
2.13 |
0.30 |
1.51 |
386 |
5.15 |
10,439 |
139 |
6.0 |
30.8 |
25,326 |
338 |
Josephine |
0.2 |
161 |
2.05 |
0.33 |
1.00 |
364 |
4.85 |
1161 |
15 |
0.7 |
2.2 |
2,618 |
35 |
Cruz |
0.3 |
170 |
3.75 |
0.31 |
1.48 |
519 |
6.91 |
1698 |
37 |
1.0 |
4.6 |
5,169 |
69 |
NP Area
Total |
6.6 |
157 |
1.97 |
0.41 |
1.68 |
383 |
5.10 |
33,319 |
418 |
27.1 |
110.6 |
81,203 |
1,082 |
San Antonio |
0.3 |
226 |
1.30 |
0.01 |
0.03 |
325 |
4.33 |
2,038 |
12 |
0.0 |
0.1 |
2,936 |
39 |
*Animas |
0.4 |
169 |
1.68 |
0.29 |
0.60 |
327 |
4.37 |
2,101 |
21 |
1.1 |
2.3 |
4,074 |
54 |
Total
Inferred |
12.2 |
239 |
1.93 |
0.29 |
1.03 |
433 |
5.76 |
93,653 |
758 |
35.4 |
125.3 |
169,647 |
2,261 |
*Animas is Rosarito and Cuevillas veins |
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Panuco Project Indicated & Inferred Mineral
Resource Sensitivity Table
Classification |
Tonnes |
Average Grade |
Contained Metal |
COG AgEq |
Ag |
Au |
Pb |
Zn |
AgEq |
AuEq |
Ag |
Au |
Pb |
Zn |
1AgEq |
2AuEq |
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(Mt) |
(g/t) |
(koz) |
( %) |
( %) |
(g/t) |
(g/t) |
(koz) |
(koz) |
(kt) |
(kt) |
(koz) |
(koz) |
Indicated: |
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300 |
5.58 |
415 |
3.41 |
0.31 |
0.96 |
718 |
9.57 |
74,501 |
612 |
17.2 |
53.5 |
128,810 |
1,716 |
250 |
6.54 |
375 |
3.09 |
0.3 |
0.95 |
653 |
8.70 |
78,809 |
651 |
19.5 |
62.2 |
137,286 |
1,830 |
200 |
7.86 |
331 |
2.75 |
0.29 |
0.9 |
581 |
7.75 |
83,610 |
694 |
22.2 |
70.8 |
146,774 |
1,958 |
150 |
9.48 |
289 |
2.41 |
0.27 |
0.84 |
511 |
6.81 |
88,192 |
736 |
25.4 |
79.9 |
155,841 |
2,076 |
120 |
10.75 |
263 |
2.2 |
0.25 |
0.79 |
467 |
6.22 |
91,066 |
759 |
26.8 |
85.3 |
161,308 |
2,149 |
100 |
11.74 |
246 |
2.05 |
0.24 |
0.75 |
437 |
5.82 |
92,965 |
773 |
27.7 |
88.5 |
164,833 |
2,195 |
Inferred: |
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300 |
6.47 |
355 |
2.82 |
0.36 |
1.23 |
634 |
8.34 |
73,931 |
587 |
23.1 |
79.4 |
131,930 |
1,734 |
250 |
7.9 |
317 |
2.54 |
0.34 |
1.17 |
565 |
7.51 |
80,365 |
644 |
26.8 |
92.1 |
143,338 |
1,908 |
200 |
9.7 |
278 |
2.24 |
0.32 |
1.12 |
499 |
6.66 |
86,784 |
698 |
30.9 |
108.4 |
155,748 |
2,076 |
150 |
12.19 |
239 |
1.93 |
0.29 |
1.03 |
433 |
5.76 |
93,653 |
758 |
35.4 |
125.2 |
169,647 |
2,261 |
120 |
14.04 |
216 |
1.75 |
0.28 |
0.97 |
393 |
5.25 |
97,502 |
791 |
38.6 |
136.1 |
177,648 |
2,368 |
100 |
15.47 |
201 |
1.63 |
0.26 |
0.92 |
367 |
4.89 |
99,985 |
812 |
40.8 |
142.9 |
182,671 |
2,433 |
Note:
1AgEq = Ag ppm + (((Au ppm x Au price/gram) + (Pb% x Pb price/t) + (Zn% x Zn price/t))/Ag price/gram). Metal price assumptions are $24.00/oz silver, $1,800/oz gold, $2,425/t lead and $2,976/t zinc. |
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2AuEq = Au ppm + (((Ag ppm x Ag price/gram) + (Pb% x Pb price/t) + (Zn% x Zn price/t))/Au price/gram). Metal price assumptions are $24.00/oz silver, $1,800/oz gold, $2,425/t lead and $2,976/t zinc. |
Panuco Project Updated Mineral Resource Estimate
Notes:
| • | The classification of the Updated Mineral Resource Estimate
into indicated and inferred mineral resources is consistent with current 2014 CIM Definition Standards for Mineral Resources and Mineral
Reserves. The effective date for the Updated Mineral Resource Estimate is September 1, 2023. |
| • | All figures are rounded to reflect the relative accuracy
of the estimate and numbers may not add due to rounding. |
| • | All mineral resources are presented undiluted and in situ,
constrained by continuous 3D wireframe models, and are considered to have reasonable prospects for eventual economic extraction. |
| • | Mineral resources are not mineral reserves. Mineral resources
which are not mineral reserves, do not have demonstrated economic viability. 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. It is reasonably expected that the
majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. |
| • | The database comprises a total of 822 drill holes for 302,931
metres of drilling completed by Vizsla Silver between November 2019 and September 2023. |
| • | The mineral resource estimate is based on 28 three-dimensional
("3D") resource models, constructed in Leapfrog, representing the Napoleon area (15 wireframes), the Copala area (7 wireframes),
Tajitos (1 wireframe), Animas (5 wireframes) and San Antonio (1 wireframe). |
| • | Silver, gold, lead and zinc were estimated for each mineralization
domain in the Panuco Project. Blocks within each mineralized domain were interpolated using 1.5 metre capped composites assigned to that
domain. To generate grade within the blocks, the inverse distance squared (ID2) interpolation method was used for all domains.
All estimates are based on variable block dimensions (by deposit area) and estimation search parameters (by domain). |
| • | Average density values were assigned per zone based on 1,919
samples analysed by ALS in Zacatecas, Mexico or inhouse with 5% checks by ALS. |
| • | It is envisioned that the Panuco Project deposits may be
mined using underground mining methods. Mineral resources are reported at a base case cut-off grade of 150 g/t AgEq. The mineral resource
grade blocks were quantified above the base case cut-off grade, below surface and within the constraining mineralized wireframes. |
| • | The base-case AgEq Cut-off grade considers metal prices of
$24.00/oz Ag, $1800/oz Au, $2425/t Pb and $2976/t Zn and considers metal recoveries of 93% for silver, 90% for gold, 94% for Pb and 94%
for Zn. |
| • | The base case cut-off grade of 150 g/t AgEq considers a mining
cost of US$45.00/t rock and processing, treatment and refining, transportation and G&A cost of US$50.00/t of mineralized material. |
| • | The Updated Mineral Resource Estimate may be materially affected
by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. |
The Company remains well-funded for its ongoing +65,000
metre 2024 drill program with four drill rigs designed to upgrade and expand the Project's resource base and test high priority targets
located in the west, central and eastern areas of the district. Dependent on ongoing exploration success, the Company plans to publish
a further update to the Updated Mineral Resource Estimate in the second half of 2024.
Discovery Costs
To date, the Company has incurred an aggregate of
approximately US$103.0 million in exploration expenditures over the life of the Project. This equates to an estimated discovery
cost per silver equivalent ounce of US$0.32 for resources defined in the Updated Mineral Resource Estimate.
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 7,189.5 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.
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 310,000 metres of drilling at Panuco leading to the discovery of several new
high-grade veins. For 2024, Vizsla Silver is focused on de-risking the resource base located in the western portion of the district ahead
of a development decision. Additionally, Vizsla has budgeted +65,000 metres of resource/discovery-based drilling designed to upgrade and
expand the Project's mineral resource, as well as test other high priority targets across the district.
Quality Assurance / Quality Control
Drill core and rock 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. The ALS Zacatecas and North Vancouver facilities 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
The Updated Mineral Resource Estimate was completed
by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services. Mr. Armitage is an independent Qualified Person as defined by NI 43-101.
Mr. Armitage has reviewed and approved the technical contents 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 the 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.
The SEC adopted new mining disclosure rules Pursuant
to subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC Modernization Rules"). 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". As an eligible issuer under the Multijurisdictional Disclosure System
the Company is exempt from compliance with the SEC Modernization Rules and information regarding mineral resources contained or referenced
herein may not be comparable to similar information made public by companies that report according to the SEC Modernization Rules. 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.
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
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 drilling programs, the
mobilization of drill rigs; and the potential for underground mining methods; the preparation of a technical report
on the Updated Mineral Resource Estimate; and the potential further update to the Updated Mineral Resource Estimate in the second half
of 2023.
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.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2024/08/c6591.html
%CIK: 0001796073
For further information: Michael Konnert, President and Chief Executive
Officer, Tel: (604) 364-2215, Email: info@vizslasilver.ca
CO: Vizsla Silver Corp.
CNW 07:00e 08-JAN-24
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