Category: Exploration and Development

“With the ability to re-commence work at Las Minas in this COVID-19 environment, we are very excited to embark on achieving the Preliminary Economic Assessment milestone at the Las Minas project,” stated Philip O’Neill, Chief Executive Officer.

The Company is currently recalling employees from the Bolivar Mine to begin a COVID-19 screening process, including a quarantine period, allowing the Company to be ready to commence mining activities on June 1, 2020. The Cusi Mine, as previously discussed in the May 13, 2020 press release, remains in care and maintenance.

CEO Michael Konnert stated “Vizsla is excited to get back to safely restarting our exploration program and test beneath the high-grade results sampled on the Cordon del Oro and Napoleon veins. With the exploration period of the Company’s options on the project extended into 2022 and new high-grade targets for drilling, Vizsla is in the best shape yet to capitalize on the underexplored district opportunity at the Panuco project.”

The results have revealed new mineralization targets, potential extensions to known mineralization zones, and the continuity of geological trends, and allows for the calibrated geophysical model to be applied on the eastern half of the property.

The management team has been developing a restart plan that will provide for a safe mine site environment that delivers cash flow from operations while working under the mandated sanitation measures required by government. On site manpower will be increased progressively as it is deemed safe, with the initial focus being the development of ramps in Lupita Extension and Diluvio West to access higher grade mineralization. Diamond drilling crews will be added in early June to resume delineation drilling programs. It is anticipated that by early July the mine will once again be fully operational.