Ongoing work at Vizsla Silver’s (TSX: VZLA) flagship Panuco project has been halted as a result of security concerns in the area.
The company on Friday announced that all on-site activity has been placed on pause “out of an abundance of caution” over the current security situation in the area. While Vizsla has stated that it will not delay the ongoing engineering work associated with an in progress feasibility study, other areas of the operation are said to be impacted.
The pause will have an immediate impact on ongoing exploration efforts on site, including a geotechnical drill campaign, the development of a test mine, and a regional exploration program. The company in January indicated that it plans to conduct 12,000 metres of geotechnical drilling to support the feasibility study in 2025, alongside 25,000 metres of discovery-based and resource expansion drilling, and the development of a test mine and bulk sample program at Copala.
Sponsored · Altamira Gold Corp.
The halt of work onsite follows a pause of operations in January that occurred after a landslide resulted in the death of drilling contractor while another contractor was placed into critical condition.
A timeline has not been provided for the resumption of activities on site.
Vizsla Silver last traded at $2.69 on the TSX.
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