Vizsla Silver – Updated Resource Estimate Shows Major Growth and a $39Million Bought Deal Financing

February 6, 2023

Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) released a couple major news releases in the later part of January. On January 24th the Company announce an update to the Resource Estimate at the Panuco Project, in Mexico. Shortly after, on January 27th, the Company announced a share only bought deal private placement for $34million, which was up-sized the same day to $39million. 


Mike Konnert, President and CEO of Vizsla Silver joins us to recap the Resource Estimate and financing. On the Resource Estimate,  we focus on the high-grade silver over wider intercepts at the Copala area, which was a large component of the resource increase. We also discuss where the Company sees growth potential moving forward. This ties into the bought deal financing to fund exploration for this year and a potential economic study. 


If you have any follow up questions for Mike regarding Vizsla Silver, then please email us at and

* In full disclosure, Shad is a shareholder of Vizsla Silver.




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

    Feb 06, 2023 06:34 PM

    Michael Konnert, President, Chief Executive Officer of Vizsla Silver Corp. (TSX-V: VZLA | NYSE: VZLA) presents:

    Metals Investor Forum on January 27-28, 2023 #VIDEO

      Feb 06, 2023 06:38 PM

      Michael Konnert of Vizsla Silver talks to Eric Coffin at the MIF

      Metals Investor Forum on January 27-28, 2023 #VIDEO

      “Michael Konnert, President, Chief Executive Officer of Vizsla Silver Corp. (TSX-V: VZLA | NYSE: VZLA) and Eric Coffin of HRA Advisories discuss the 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 at the Metals Investor Forum on January 27-28, 2023.”

      “To date, Vizsla has completed over 210,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2022, Vizsla budgeted for 120,000 metres of resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.”

    Feb 06, 2023 06:41 PM

    Vizsla Silver Announces Major Mineral Resource Update For Panuco Silver-Gold Project Driven By Significant Growth At The Copala Vein

    January 24th, 2023

    > Highlights of the Updated Mineral Resource Estimate including comparison to the maiden mineral
    resource estimate released in March 2022:

    • 71% increase in indicated mineral resources from 61.1 to 104.8 Moz AgEq
    • 150% increase in inferred mineral resources from 45.6 to 114.1 Moz AgEq
    • 14% increase in average indicated mineral resource grade from 383 to 437 g/t AgEq
    • 42% increase in average inferred mineral resource grade from 345 to 491 g/t AgEq
    Copala Structure

    • Copala indicated mineral resources hosts 51.1 Moz AgEq an increase of 701%, at a grade of 516
    g/t AgEq
    • Copala inferred mineral resources hosts 55.4 Moz AgEq an increase of 198%, at a grade of 617
    g/t AgEq
    • Copala wireframe averages 10 meters in thickness

    >> Key Statistics

    • 93% of the value of the Updated Mineral Resource Estimate is comprised of precious metals,
    including 59% from silver
    • A total of 10 epithermal veins were included in the Updated Mineral Resource Estimate,
    representing ~10% of the known vein strike in the district
    • Total all-in exploration cost of US$0.19/oz AgEq discovered (US$0.15/oz AgEq discovered since
    March 2022)

    Feb 06, 2023 06:42 PM


    Feb 07, 2023 07:35 PM

    Must be an absolute barrage of drill news waiting for the PP to close any day now. Yummy!