Vizsla Silver Corp. (TSXV: VZLA) announced Monday night that it has decided to suspend drilling activities for two weeks at its Panuco project in Mexico. The move is brought on by the increase of COVID-19 risk in the local municipality that can affect Vizsla Silver employees.
The company is imposing this temporary two-week suspension for all activities, including drilling at the Panuco site. “Vizsla’s top priority remains the health and safety of both our team and the communities in which we work,” said Vizsla Silver President and CEO Michael Konnert in a statement. “Our team will put this two-week period to good use for safety training, desktop review, and critical analysis of our exploration work program completed to date.”
The Panuco project is located within Mexico’s Sinaloa state. Recently, the state recorded increasing COVID-19 infections and risk, making it the only state in recent months to achieve a red code in the country’s pandemic traffic light. Vizsla Silver has relayed that it is strictly following Mexico’s health protocols and is working closely with the Sinaloan state government.
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In June 2021, the junior mining firm reported drilling results from the Napoleon prospect which is part of the Panuco project, highlighting an assay of 898 g/t silver over 8.36 metres. The company also recently announced its plans to acquire 100% of the Panuco-Copala silver-gold project.
To date, the company has completed 85,000 metres of drilling in 333 holes at the Panuco project.
Vizsla Silver last traded at $2.31 on the TSX Venture.
Information for this briefing was found via Sedar and Vizsla Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
