Panuco - Mexico


Comparable in size and geology to First Majestic’s San Dimas mine, containing more than 20 veins, several of which have demonstrated high silver and gold grades.



Situated along a prolific silver trend in western Mexico that hosts First Majestic’s flagship San Dimas mine, only 80 km away.


This is the first time the entire district will be consolidated, and it has seen only sparse past exploration.


The past-producing district-scale camp has substantial infrastructure including roads, permits, power, and a skilled workforce in neighboring towns.

About The Panuco Project

The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán.

The 6,761-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.

The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.

The Panuco Project hosts an estimated in-situ indicated mineral resource of 104.8 Moz AgEq and an insitu inferred resource of 114.1 Moz AgEq.

Technical Report

Technical Report on the Mineral Resource Estimate Update for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico                   VIEW 

March 2023 

Qualified Person

The scientific and technical information in this website has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved by Martin Dupuis Chief Operating Officer for Vizsla Silver a Qualified Person as defined by NI 43-101 (the “Qualified Person”). Core drilling, surveying logging, sample preparation, analytical and quality control procedures (including the insertion of blind standards, blanks, pulp and field duplicates into the sample stream) used to produce the results mentioned in the text of this news release are documented in detail in  Harris, (2020). The assaying was done by ALS Chemex using fire-assay methods with a gravimetric finish for gold and four-acid digest for silver followed by fire assaying with both a gravimetric finish and ICP-AES finish.

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