(VZLA-TSX-V)
VANCOUVER, BC, July 27, 2021
/CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (OTCQB: VIZSF)
(Frankfurt: 0G3) ("Vizsla"
or the "Company") is pleased to announce that Michael Pettingell has joined the Company in the
role of VP of Business Development and Strategy.
Mr. Pettingell is a geologist with over 10 years of experience
working in both pre-producing and operating mines, as well as the
capital markets. Prior to joining Vizsla, Michael spent the last
four years working in equity research at Canaccord Genuity covering
junior precious and base metal explorers and developers in the
mining and metals sector. Prior to Canaccord, Mr. Pettingell worked
for Hecla Mining, first in exploration at its Lucky Friday unit,
and then in corporate development located in Vancouver. Michael started his career as an
exploration geologist for Romarco Minerals at its Haile Gold mine prior to it being acquired by
OceanaGold in 2015.
Michael holds a Bachelor of Science in both Geology and
Economics from the University of South
Carolina and a Master of Applied Science in Mining
Engineering from the University of British
Columbia.
President and CEO Michael Konnert
stated, "Mr. Pettingell is widely regarded as a top mining
analyst and his joining Vizsla is a strong endorsement of both the
quality of the Panuco project and
the Vizsla team as a whole. His wide range of technical and
financial expertise will be a great complement to our management
team as we develop and execute our corporate growth
strategy."
Incoming VP, Michael Pettingell
stated: "I'm extremely excited to join the Vizsla team as we
actively advance the newly consolidated Panuco silver-gold district. At the asset
level, Panuco presents a unique
opportunity in the industry as an emerging high-grade discovery
with near-term operating potential. With maiden resources
developing along two high-grade structures at Napoleon and
Tajitos, a fully funded and
permitted exploration program aggressively targeting over 75km of
known, largely untested vein strike, and controlling ownership of
an operating mill, the potential I see here is absolutely
remarkable."
Stock Options:
Vizsla has granted 139,000 options at an exercise price of
$2.44 to certain officers and
consultants as a reward for completing the recent option
acceleration announced on July 21,
2021. They are exercisable for a period of five years, and
they will vest over the next two years. They are subject to
the policies of the TSX Venture Exchange.
About Vizsla Silver
Vizsla is a Junior mineral exploration and development company
focused on advancing its flagship, Panuco silver-gold project located in
Sinaloa, Mexico.
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 restart of drilling
activities; the development of Panuco, including drilling programs and
mobilization of drill rigs; and future mineral exploration,
development and production; and the dissemination of news releases
over the coming weeks and months.
Forward–looking statements and forward–looking information
relating to any future mineral production, liquidity, enhanced
value and capital markets profile of Vizsla, future growth
potential for Vizsla 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's
ability to operate in a safe and effective manner and its ability
to obtain financing on reasonable terms.
These statements reflect Vizsla'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 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's
management discussion and analysis. Readers are cautioned against
attributing undue certainty to forward–looking statements or
forward-looking information. Although Vizsla 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 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.