Vizsla Silver Agrees To Acquire Two Large Claim Package Along Highly Prospective Structural Trend, South Of Panuco
Portfolio Pulse from Benzinga Newsdesk
Vizsla Silver has agreed to acquire a large property package of 10,667 Ha south of Panuco, which is almost 50% larger than Panuco. The area, covered with a LiDAR survey and about 60% with high-resolution air magnetic and radiometric surveys, includes dome complexes and the SE extensions of the Copala fault and Cordon del Oro - Animas veins. Preliminary mapping has identified favorable andesite lithologies, quartz veining, and breccias in the NE. The area has not been systematically mapped or prospected before. Vizsla Silver will issue US$650,000 in common shares to the seller for the acquisition.
April 16, 2024 | 11:18 am
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Vizsla Silver's acquisition of a large, unexplored property near Panuco could significantly expand its exploration potential. The issuance of $650,000 in common shares for this acquisition indicates a strategic investment in expanding its asset base.
The acquisition of a large and unexplored property could be seen as a positive development for Vizsla Silver, indicating potential for future exploration successes. The investment in this property, despite it not being systematically explored before, suggests confidence in its geological prospects. The issuance of shares as payment also minimizes immediate cash outflows, which could be seen favorably by investors. However, the actual impact on the stock price will depend on further exploration results and the market's perception of the acquisition's value.
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