VIZSLA SILVER REPORTS CONTRACTOR FATALITY AT PANUCO

Rhea-AI Summary

Vizsla Silver Corp. (NYSE: VZLA) reported a tragic accident at its Panuco silver-gold project in Sinaloa, Mexico. On January 9, 2025, a landslide at an exploration drill pad resulted in the death of an employee from contractor Bylsa Drilling and left another in critical condition at the hospital.

The company has suspended all activities at the project pending an investigation into the cause of the incident. Management is cooperating fully with local authorities and providing support to the affected families, communities, and employees. CEO Michael Konnert expressed deep sadness over the incident and committed to conducting a detailed investigation in collaboration with Bylsa and local authorities.

Positive

• None.

Negative

• Project operations temporarily suspended pending investigation
• Potential regulatory and safety reviews could impact future operations
• Possible legal and financial liabilities from the incident

NYSE: VZLA     TSX: VZLA

VANCOUVER, BC, Jan. 10, 2025 /PRNewswire/ - Vizsla Silver Corp. (NYSE: VZLA) (TSX: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") regretfully announces that on January 9, 2025, a landslide impacted one of the exploration drill pads and claimed the life of an employee of Bylsa Drilling S.A. de C.V. ("Bylsa"), one of Vizsla Silver's contractors at the Panuco silver-gold project (the "Project" or "Panuco") located in Sinaloa, Mexico. A second employee of Bylsa was also injured in the same incident and is currently in hospital in critical condition.

Michael Konnert, President and CEO of Vizsla Silver, commented, "We are deeply saddened by this tragic accident and extend our deepest condolences and support to the families. We are providing all necessary assistance to the families, communities, Bylsa, and our employees during this difficult time." Mr. Konnert continued, "Vizsla Silver has initiated a detailed investigation and will work closely with Bylsa and the local authorities."

The appropriate authorities have been notified and will receive the Company's full cooperation. Activities at the Project have been suspended until the cause of the incident is determined.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/vizsla-silver-reports-contractor-fatality-at-panuco-302347756.html

SOURCE Vizsla Silver Corp.

FAQ

What happened at Vizsla Silver's (VZLA) Panuco project on January 9, 2025?

A landslide at an exploration drill pad at Vizsla Silver's Panuco project resulted in one fatality of a Bylsa Drilling contractor employee and left another contractor in critical condition.

How long will operations be suspended at VZLA's Panuco project?

Operations are suspended indefinitely until the cause of the incident is determined through a detailed investigation.

What immediate actions has Vizsla Silver (VZLA) taken following the Panuco incident?

Vizsla Silver has initiated a detailed investigation, notified appropriate authorities, is providing support to affected families and communities, and has suspended project activities.

Where is VZLA's Panuco project located and what type of project is it?

The Panuco project is a silver-gold exploration project located in Sinaloa, Mexico.