Panuco Project
Overview
Vizsla Royalties holds a Net Smelter Royalty (NSR) on Vizsla Silver Corp.’s flagship Panuco Project in Mexico. The Panuco Project represents the world’s largest undeveloped high-grade silver primary resource.
The NSR Royalty Covers the Entire Panuco District
- 3.5% NSR on production from Silverstone concessions (light green) Covering 100% of Copala
- 2.0% NSR on production from Rio Panuco concessions (dark green)
- ROFR (right of first refusal) of royalties on property acquisitions made by Vizsla Silver within 24 months of spinout
Key Project Highlights
District Scale & 100% Owned
- The Panuco silver-gold project is a past-producing district that has never been systematically explored on a consolidated basis
- The land package was tripled in 2024, now spanning over 30k ha
Location
- Situated in an underexplored area of the emerging Western Mexico Silver Belt, 80km from San Dimas
Existing Infrastructure
- Past producing district that benefits from access to HV power, water, roads, and proximity to Mazatlán. To date, Vizsla Silver has completed over 375,000 metres of diamond drilling without constructing a single road
Advancing To Production
- Upgrading resources to higher confidence categories
- Fully permitted, fully funded test mine commenced Q4 2024 to de-risk initial production
- Targeting first silver in H2 2027
Significant Exploration Upside
- Less than 30% of known vein targets have been drill tested
- Ongoing drilling includes 10k metres at the under-explored Central and East Panuco areas in the hunt for Project #2
Corporate Strength
- Vizsla Silver is well funded with $200M+ in cash, no debt, and an industry leading team and board