The KE Report Vizsla Silver - 2025 Exploration Plans at Panuco and New Growth Opportunities On Other Projects
Jul 31, 2025
24:09
In this KE Report company update, I'm joined by Mike Pettingell, Senior Vice President of Business Development and Strategy at Vizsla Silver (TSX: VZLA, NYSE: VZLA), to break down the company’s expansive exploration strategy and its ambitions beyond the current Copala resource.
Key Focus: True Exploration, Resource Expansion, and the Hunt for “Project 2”
Highlights from the conversation include:
- 2025 Drill Campaign:
Vizsla is in the midst of a 25,000-meter exploration-focused drill program, with 8,000 meters already completed. This is not infill or extensional - this is true exploration aimed at uncovering new centers of mineralization across the broader Panuco district.
- Project One - Resource Growth Near Copala:
- Focus on shallow, high-grade targets near the Copala and Napoleon corridors, which could improve early cash flow in the upcoming feasibility study.
- Drilling from underground platforms is planned to efficiently test high-potential zones.
- Focus on shallow, high-grade targets near the Copala and Napoleon corridors, which could improve early cash flow in the upcoming feasibility study.
- Proximal and Near-Mine Targets:
- Areas like San Peter, San Jack, and La Luisa sit within haulage distance to the proposed mill and could be fast-tracked into future mine plans if successful.
- Areas like San Peter, San Jack, and La Luisa sit within haulage distance to the proposed mill and could be fast-tracked into future mine plans if successful.
- Project 2 - District-Scale Discovery Upside:
- Follow-up drilling is underway at Animas (6m @ 900 g/t AgEq) and Camelia-San Dimas - targets located in the central and eastern parts of the district.
- These areas are higher up in the system geologically and could host large, standalone systems.
- Follow-up drilling is underway at Animas (6m @ 900 g/t AgEq) and Camelia-San Dimas - targets located in the central and eastern parts of the district.
- New Greenfield Projects - Santa Fe, San Enrique, La Garra:
- Recently acquired and historically mined, these properties are now being evaluated for new resource potential.
- Santa Fe is the priority, with a permitted 350 tpd mill on-site. Vizsla aims to fast-track a 43-101 resource using legacy data and internal expertise.
- Recently acquired and historically mined, these properties are now being evaluated for new resource potential.
- Exploration Budget:
Vizsla plans to spend ~$20 million on exploration this year, with flexibility to expand based on drill success.
If you have any follow up questions for Mike please email me at Fleck@kereport.com.
Click here to visit the Vizsla website to learn more about the Company.