Mexico's silver mines are some of the largest and highest grade deposits in the world. The combination of robust resource sizes and high grade also makes them some of the most economic deposits creating a high margin on production which means more free cash flow for you as the investor. It's no surprise why billion dollar silver miners such as Fresnillo, Pan American, & First Majestic all have major operations and own some of the biggest silver mines in the country.
Vizsla Resources (TSX-V: VZLA), a new silver junior, announced last month a transformative silver transaction in Mexico. Vizsla has acquired an option on the newly consolidated Panuco precious metals district in Concordia, Sinaloa. Panuco has been mined for the last 450 years, has all the infrastructure necessary for a mining operation, has high grade silver and gold potential, but the district has never been consolidated or in a Canadian public company.
The companies 1st step will be to initiate a drill program and work towards publishing a NI 43-101 compliant resource defining how many silver and gold ounces they have and at what grade. This will be a major milestone and value driver for the company and key decision point whether they want to fully exercise the option which would then transition Vizsla into the realm of being a silver producer.
Vizsla Website: https://vizslaresources.com/
Corporate Presentation: https://static1.squarespace.com/static/5b577c179d5abb7d51086c98/t/5d9ceca5f9449c387bb56311/1570565296646/Vizsla+Corporate+Presentation+-+Panuco+District_October.19.pdf
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