Vizsla Silver – More Bonanza Grade Silver Results At Copala And A Strategic Investment In Prismo Metals

December 20, 2022

Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) joins me to recap the a couple news releases from December, including drill results from the Tajitos-Copala and Napoleon resource area, as well as a strategic investment in Prismo Metals.


Starting with the December 14th news release highlighting the drill results from the Tajitos-Copala resource area we discuss the importance of this area to the overall Panuco Project. The headline results was hole 205 intersecting 2,640 grams per tonne (g/t) silver equivalent (AgEq) over 5.30 meters true width (mTW) (2,101 g/t silver and 9.54 g/t gold), including 4,563 g/t AgEq over 0.58 mTW (3,080 g/t silver and 23.60 g/t gold.


We then focus on the strategic investment in Prismo Metals, who holds the Palos Verdes Project. This Project is to the east of Panuco. Mike explains the corporate strategy behind this investment which includes a right of first refusal to purchase the Palos Verdes Project.


If you have any follow up questions for Mike please email me at




Click here to visit the Vizsla Silver website to read over the news releases we discussed.

    Dec 20, 2022 20:00 AM

    Silver futures continue to ratchet higher and higher (currently at $24.25). That’s quite a move from where things were since the September bottom at $17.40.

    Gold having a nice day too, up to $1827.80 currently (a far cry from it’s recent low at $1618).

    I thought prophetic Joe told us that we’d be plumbing new lows in December?

      Dec 20, 2022 20:15 AM

      Which makes silver miners’ sharp underperformance since the beginning of November all the more concerning and disappointing. I keep telling myself, “this time is different” but it never is.

      If anyone can rationalize why silver miners have dropped 20% vs silver while silver has done nothing but make higher highs on huge % moves, I would love to hear the logic. I could make the case that they are predicting a liquidity event of some sort.

        Dec 20, 2022 20:46 PM

        Hi Greenspansconscience. Yeah, it’s case by case on the silver and gold miners, as some have really surged higher in tandem with the higher metals prices, but to your point overall it’s been underwhelming in the broader response from the PM markets.

        It would appear many investors are still not convinced that these higher metals prices will hold, and it could signal that the sector is getting ready to roll over and consolidate these gains of the last few months in the near-term.

        The other scenario could be that the mining stocks are just continuing to drag their butts higher, and still have some room to run to the upside to play catchup. We often see that happen in the Q1 run that typically starts the last week of December through late February to early March. One potential concern is that since things have been so strong the last few months, that we may see a corrective digestion period over the next few weeks into early January, and so the seasonality factor may be a bit off this year.

        It is shocking to see some gold and silver development stage companies near their lows from late 2015-2016, when metals prices were substantially lower than they are at present (and inflation in their costs to get projects built doesn’t go nearly far enough to explain the huge disconnect in valuations on the ounces in the ground). The PM mining stocks are still trading a massive discounts to where the metals prices are, and where ounces in the ground should be valued, and so that is actually constructive if we do finally see a little life in this sector, that there could be some very impressive reratings higher in 2023.

      Dec 20, 2022 20:20 AM

      Maybe the silver miners are about to rocket relative to every asset on earth, but SIL:SLV is just depressing atm. If anyone can make heads or tails of the action over the last 6 weeks, I would like to hear it.

      Dec 20, 2022 20:43 AM

      Hey Ex, because we are having a Santa Claus rally, this song by Louis Armstrong fits the bill. ‘Zat You -Santa Claus!

        Dec 20, 2022 20:46 PM

        Thanks for that tune DT. 🙂

    Dec 20, 2022 20:03 AM

    Silver miners. yes some of them are up near double digits today, but I would have expected some of them to be up even more given silver’s massive move above resistance.

    Looking at AG and EXK’s charts in particular, you can’t help to feel pretty disappointed. They have lost large amounts of ground to gold miners since the beginning of November too. Can these things just rally for a few months without the need to drop 80% first? Is Mexico on the brink of nationalizing them, because the excuses are running out. Just pay me my pesos and end my misery.

    The silver miners have a two week window to make up a large amount of ground relative to everything else. If they fail to do so by the week of January 2, outperformance, to the extent it will ever come for a sustained period, could be delayed until much later in 2023.

    Dec 20, 2022 20:28 AM

    One explanation for sil:slv’s terrible performance over the last 6 weeks is that silver is eventually coming back down below $19. I know its not what anyone wants to hear, but how many other plausible explanations are there for a 20% underperformance while silver itself was up 20%? The miners usually discount this stuff in advance.

    Dec 20, 2022 20:36 AM

    Wonderful. Thank you.

    Dec 20, 2022 20:39 AM

    Look at CAT’s consolidation over the last 2 months. Is there any way it doesn’t resolve itself upwards?

    Dec 20, 2022 20:03 AM

    Brixton looks unstoppable. It’s broken out vs just about everything on earth. Think 2019-2021 TSLA-type move. It’s a lock for a 10x move off of the low IMO–so $1.20 CAD. But I think it can do 20x during a moonshot phase in gold.

    In any event, sell some once it hits 1.20. I think 1.5 years from the low in June, should just about do it for the bubble phase. However, similar to what TSLA did, its possible it could tack on another 30-40% or more in the subsequent 6 months, but IMO the risk more than 1.5 years off of the low is going to ramp up through the roof. For me, I will probably sell the entire position if it manages to hit $2.0. and if it continues to hit $10 in years to come, so be it. 20x will have to suffice.

    And for gods sake, if you are going to use margin, only buy it when it is down.

      Dec 20, 2022 20:16 PM

      Green, It seems to me you have changed your tune on Brixton, instead of you expecting it to correct you’ve decided Brixton is a buy. I guess Brixton didn’t follow your charts, although I have yet to see you show your work, not that it matters. “Nobody Knows Anything”. LOL! DT

    Dec 20, 2022 20:26 PM

    Green (speaking about Brixton), “But I think it can do 20x during a moonshot phase in gold”. Where did you get that information to the moon, Green. Are you privy to some charts! DT

    Dec 20, 2022 20:14 PM

    I have seen similar long term bottoming patterns play out repeatedly.

    As I stated, I think $1.20 cad is a lock and relatively conservative. $2.00 represents an approach of the 2012 peak, which I believe to be a major hurdle. Does price only reach $1.50, for example? that’s quite possible. $2 is by no means a lock IMO. Could it get through the 2012 peak and head to $10? Sure, but I will likely be long long gone by then figuratively speaking—hopefully I will still be alive.

    This is not investment advice. Buying Brixton could and probably will end up losing people money over the long run and is about the riskiest and most volatile equity one can buy. Do your own due diligence.

    Dec 21, 2022 21:32 AM

    I think the if the RE update is north of 200M in January, the excitement will be back in the stock. When a PEA comes, it will be well received. A while yet though for that. But say 200M AgEq, and then another wave of great drill result happens on a monthly basis, everyone will want to have a piece of Vizsla, imho

      Dec 21, 2022 21:59 AM

      It’s hard to know where the resource update will come in Ulf the Wolf, but with all the drilling success the Vizsla team has had at Copala and Tajitos, in addition to around the Napleon vein, then it is bound to be substantially bigger. There aren’t many silver explorers hitting bonanza grades so regularly for years in a row like Vizsla has been, so they are definitely one of the few companies standing out from the rest of the pack.