VIZSLA SILVER TEMPORARILY PAUSES FIELD WORK

Rhea-AI Summary

Vizsla Silver Corp. (NYSE: VZLA) has announced a temporary pause in field work operations at its Panuco project due to security concerns in the area. The company has placed contractors involved in test mine development, geotechnical drilling campaign, and exploration program on standby, ready to resume once security conditions improve.

The voluntary suspension does not affect the ongoing engineering work for the feasibility study and is not expected to significantly impact the company's 2025 budget or planned work program. The decision was made as a precautionary measure to ensure safety in the project area.

Positive

• No material impact expected on 2025 budget and work program
• Engineering work for feasibility study continues unaffected

Negative

• Temporary suspension of field operations due to security concerns
• All test mining, geotechnical drilling, and exploration activities on hold

Insights

Mining Security Specialist

Vizsla Silver's precautionary pause of field operations at Panuco highlights the complex security challenges mining companies face in certain Mexican regions. The company has implemented a standby protocol for contractors involved in test mine development, geotechnical drilling, and exploration—preserving operational readiness while responding to local security concerns.

The announcement lacks specific details about the nature of the security situation, which is typical for mining companies dealing with sensitive security matters. What's significant is the selective operational approach: pausing field activities while continuing engineering work on the feasibility study. This suggests a calculated risk assessment rather than a comprehensive security breakdown.

Security-related operational pauses in Mexican mining projects typically last between 2-6 weeks, though without details on the specific security conditions, predicting duration is impossible. The company's assertion that this won't materially affect their 2025 program indicates they've likely built contingency buffers into their operational timeline.

Companies operating in regions with periodic security challenges typically develop mitigation strategies including enhanced security protocols, community engagement programs, and operational flexibility. The mention that contractors remain "ready to restart" suggests Vizsla has maintained its workforce relationships, avoiding the more serious problem of contractor demobilization that would extend any operational delays.

Mining Development Analyst

Vizsla's temporary field work suspension creates a bifurcated development path for their Panuco project. While on-site activities including the test mine development, geotechnical drilling, and exploration program have paused, the company emphasizes that engineering work for the feasibility study continues uninterrupted.

This operational split reflects standard stage-gating in mining development. The feasibility study comprises multiple workstreams, many of which can advance without continuous field data for periods of time. Desktop engineering, process design, financial modeling, and preliminary mine planning can proceed with existing datasets.

However, the timing implications depend entirely on the duration of the security-related pause. Short interruptions (weeks) typically have minimal impact on development schedules. Extended delays (months) would eventually create data gaps affecting geotechnical assumptions, resource modeling confidence, and mine design parameters.

The company's statement that this won't materially affect their 2025 budget or work program is noteworthy—it suggests either confidence in a quick resolution or sufficient buffer in their development timeline. The test mining program is particularly sensitive to delays, as it provides critical data on ground conditions, mining methods, and metallurgical performance that influence feasibility outcomes.

From a development perspective, maintaining engineering momentum during field pauses helps minimize the overall schedule impact, though the effectiveness diminishes over time as fresh field data becomes necessary for advancing technical studies.

NYSE: VZLA     TSX: VZLA

VANCOUVER, BC, April 4, 2025 /PRNewswire/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") announces that, out of an abundance of caution, it has temporarily paused field work at the Panuco project due to current security conditions in the area.  Contractors who are engaged in the development of the test mine, the geotechnical drilling campaign and the exploration program have been placed on standby and remain ready to restart as soon as security conditions permit.

This voluntary pause does not interfere with the ongoing engineering work associated with the feasibility study in progress and is not expected to materially affect the Company's budget or work program planned for 2025.

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain "Forward–Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward–looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward–looking statements or information. These forward–looking statements or information relate to, among other things: the impact on the work pause on the Company's budget and work program planned for 2025.

Forward–looking statements and forward–looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla, future growth potential for Vizsla and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Vizsla's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements or forward-looking information and Vizsla has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Vizsla's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward–looking statements or forward-looking information. Although Vizsla has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla does not intend, and does not assume any obligation, to update these forward–looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

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SOURCE Vizsla Silver Corp.

FAQ

Why did Vizsla Silver (VZLA) halt operations at the Panuco project in April 2025?

Vizsla Silver temporarily paused field work at Panuco due to security concerns in the area, taking precautionary measures while maintaining readiness to resume operations when conditions improve.

How does the field work suspension affect VZLA's 2025 feasibility study?

The suspension does not interfere with the ongoing engineering work for the feasibility study and is not expected to materially impact the company's 2025 budget or work program.

What operations are affected by VZLA's work pause at Panuco?

The pause affects test mine development, geotechnical drilling campaign, and exploration program, with contractors placed on standby until security conditions improve.

Will the Panuco project work suspension impact VZLA's 2025 financial outlook?

According to the company, the temporary pause is not expected to materially affect Vizsla Silver's budget or planned work program for 2025.