(VZLA-TSX-V)
Dear Vizsla Stakeholder,
With your support, Vizsla performed incredibly well through 2020, which was a difficult year in many ways. Despite the issues brought on by COVID-19, we were able to execute our plan and successfully deliver against our key performance indicators, including share price performance (lo:
Vizsla started as a small company with an
In 2020, we accomplished many things, but my top three are:
- Making multiple discoveries including Napoleon, Cordon del
Oro ,Tajitos , Papayo andSan Carlos with each of these discovery holes returning >1kg AgEq grades. - Raising over
$34,000,000 which places us in a strong position for the next 12 months. - Renegotiating the underlying options, giving us until 2022 before major option payments
The exploration success that we have had at Vizsla is amplified further by the shortcut to production that we have at
I am incredibly proud that in 2020, Vizsla, and our drilling contractors, have directly employed more than 150 people, most from the
This is just a start and I believe the future is even brighter for Vizsla in 2021. Vizsla stakeholders can expect another transformative year. We are well funded with over
Our team's goal is for
We will continue to be
To date we have identified 122 targets over a 14km breadth and as we continue to map the district we expect to continue to find more.
As Table 1 shows, we are currently resource drilling at Napoleon and advance drilling at
For the first six months of 2021, we expect to drill more than 40,000 metres of diamond drill holes. This year will see an increase in the drill rigs working on the project to allow us to conduct advanced resource drilling while not slowing any of the exploration drilling across the targets that we have identified particularly the Cordon del
In addition to traditional ways of prospecting and drilling, we are also reviewing other ways of understanding what lies beneath at
We will also start to better define the production opportunity at
With each new discovery and published study, we are confident that the market will be able to truly understand the value of Vizsla's position in the
As always, we are committed to continue to operate through 2021 in a sustainable and safe manner that positively impacts the communities that we work in.
Finally, because Vizsla's board and management are shareholders (holding more than 20% of the Company), we take shareholder value creation personally. With that in mind, I believe it is important for us to monetize the secondary assets in our portfolio. As such, Vizsla is preparing to spin out its copper asset, the Blueberry copper district in the Babine porphyry belt of
In closing, I believe that 2021 is the best time yet to be a Vizsla shareholder. Vizsla is intensely focused on creating value for its shareholders and stakeholders. I hope you share my excitement for 2021.
Warm regards,
Qualified Person
The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by
Neither
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 development of
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; no escalation in the severity of the COVID-19 pandemic; 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
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