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An announcement from Vizsla Silver ( (TSE:VZLA) ) is now available.
Vizsla Silver has agreed to acquire ten mining claims totaling 2,378 hectares from Fresnillo subsidiary Minera Fresnillo along the silver-gold-rich Panuco–San Dimas corridor, including 1,734 hectares of strategic ground that partly surrounds its flagship Panuco project and covers areas believed to host extensions of known mineralized veins. The US$6 million transaction, split between cash and Vizsla shares, is expected to give the company additional high-priority exploration targets adjacent to zones already included in its Panuco feasibility study, potentially expanding the project’s resource base over time and enhancing future mine economics and district-scale positioning in one of Mexico’s key precious metals belts.
The most recent analyst rating on (TSE:VZLA) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Vizsla Silver stock, see the TSE:VZLA Stock Forecast page.
More about Vizsla Silver
Vizsla Silver is a Vancouver-based Canadian mineral exploration and development company focused on advancing its 100%-owned Panuco silver-gold project in Sinaloa, Mexico. The company targets becoming a leading silver producer through a dual-track strategy that combines mine development with continued district-scale exploration at Panuco, where a recent feasibility study outlined robust economics and multi-year production potential.
Average Trading Volume: 870,745
Technical Sentiment Signal: Buy
Current Market Cap: C$2.43B
For a thorough assessment of VZLA stock, go to TipRanks’ Stock Analysis page.