@Michael_Konnert Happy Sunday morning $VZLA board, I had a few minutes before the family got up so I thought I would answer @levoxx ‘s questions:
1) This is in process, and as such we cannot disclose any non-public information, but Vizsla Silver is in the process of reviewing a copper spin out so that shareholders would receive shares in a public copper company.
From our news release discussing this: Vizsla's Board of Directors is currently evaluating a spin out proposal of its British Columbia copper assets, being the 100% owned Blueberry project and the option on the Carruthers Pass property. After the spinout, Vizsla Silver shareholders would end up owning shares in both Vizsla Silver and, the spin out entity, Vizsla Copper. Management of the Company estimates that Vizsla Silver shareholders will receive one Vizsla Copper share for every three common shares of Vizsla Silver.
2.) We have four rigs on Napoleon, one on Tajitos (this is our resource drilling area), one testing a target to the north of Tajitos, one on Cordon del Oro, and one rig on Animas.
From our recent release: Napoleon Vein Corridor: Four rigs along the vein with two focused on resource drilling down plunge and to the south of the main Napoleon zone. A third rig is undertaking systematic expansion drilling approximately 300 metres south of the main Napoleon zone and a fourth is focused on systematic drilling between the Napoleon and Papayo areas.
Cinco Senores Vein Corridor: One rig is expanding on the open mineralization at Tajitos and a second is testing a new target, the Cerrillo vein to the northeast of Tajitos.
Cordon del Oro Vein Corridor: One rig continues to step along the vein at the Aguita Zarca zone.
Animas Vein Corridor: One underground drill rig to test the Rosarito and Cuevillas targets within the La Bomba mine.
3.) If Vizsla only had Napoleon and Tajitos, I would be confident that we could drill a significant resource and become a leading silver producer. The fact is we have access to an entire district (we’ve drilled less than 5% of the existing vein extent, and I believe we’ll find more veins as we go) and the mineralization will likely continue to grow. We have a once in a career opportunity to build an industry leading high-grade silver producer and we are moving towards that goal.
We have built the best team possible, from the project level to the board, to grow the mineralization at the Panuco district and then move into production using our excellent infrastructure that includes a mill and permits.
4.) Panuco has been a producing district for 450 years and we have an option on existing mining and mill permits. We see no issues with further permitting. Mexico is a great jurisdiction, and we are confident moving forward. There is no such thing as zero country risk. I’d rather be here than most states in the USA.