Vizsla Silver has announced the acquisition of two significant claims, expanding its exploration potential in the Panuco–San Dimas corridor.
The acquired claims, known as San Enrique prospect or El Richard–San Enrique, cover a total area of 10,667ha.
These claims are located south of Vizsla Silver’s Panuco project in southern Sinaloa, Mexico.
The acquisition is expected to enhance Vizsla Silver’s prospects in the region, which is already known for its high-grade silver and gold deposits.
Vizsla Silver has committed to issuing $650,000 in common shares to the seller, Inca Azteca Gold.
The shares will be subject to a four-month holding period under Canadian securities laws, with additional voluntary resale restrictions agreed upon by the seller.
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By GlobalData
Vizsla Silver president and CEO Michael Konnert said: “Vizsla Silver continues to expand its land position in the Sinaloa Silver Belt with the acquisition of the San Enrique prospect.
“These claims are located south-east along trend from several of our existing mineralised vein corridors, including the high-grade Copala structure, and they add significant exploration upside potential to Vizsla’s growing portfolio of projects.”
The San Enrique prospect is well-equipped with LiDAR (light detection and ranging) and high-resolution aero-magnetic and radiometric surveys, aiding detailed exploration.
Preliminary mapping has revealed promising geological features such as andesite lithologies and quartz veining, indicative of mineralisation potential.
Konnert added: “With preliminary geophysics and LiDAR complete, we intend to move forward with regional recognisance-mapping and a stream-sediment geochemical survey to aid in ongoing drill targeting.
“Although Vizsla Silver remains committed to the near-term development of the advanced-stage Panuco-Copala district, this acquisition, combined with the recently announced La Garra acquisition, further positions Vizsla Silver as a globally significant silver explorer-developer, with the potential to build a multi-generational asset base in Mexico.”
Vizsla Silver also plans to acquire multispectral satellite imagery to accelerate target generation at both the Panuco and San Enrique claims.
Recently, Vizsla Silver agreed to acquire the La Garra-Metates district, a past-producing area located in the Panuco–San Dimas corridor in Mexico.
The La Garra-Metates district comprises 16 claims spanning 16,962ha.
