(VZLA-TSX-V)
VANCOUVER, BC, Jan. 28, 2021 /CNW/ - Vizsla Resources
Corp. (TSXV: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) ("Vizsla" or the
"Company) is pleased to announce the promotion of
Charles Funk to the role of
Technical Director and Martin Dupuis
to Vice President of Technical Services and the appointment of
Hernando Rueda as Vizsla's Country
Manager.
Promotion of Charles Funk to
Technical Director
Mr. Funk will be transitioning from Vice President of
Exploration to Technical Director and as such will join Vizsla's
Board of Directors. Mr. Funk has been instrumental in leading
the Company's exploration success, building Vizsla's exploration
team, setting high health and safety standards, and is an integral
part of communicating complex exploration ideas to the capital
markets.
Mr. Funk is the CEO of Heliostar Metals and has previously
worked as a geologist and geophysicist for Evirm Resources,
Newcrest Mining and Oxiana/OZ Minerals with a focus on business
development and early stage exploration in North and South America, Australia and South-East Asia.
Promotion of Martin Dupuis as
Vice President of Technical Services
In addition, Mr. Dupuis will be promoted to Vice President of
Technical Services, where he will continue to oversee the resource
definition of the Panuco-Copala
project in Mexico
("Panuco"). Since his
arrival to Vizsla, Mr. Dupuis has been instrumental in the
oversight and delivery of the Company's recent technical
developments and is leading the transition to a resource drilling
focus at Panuco.
Mr. Dupuis has over 25 years of mine geology and exploration
experience primarily in precious metals, including 10 years in
Latin America. Prior to joining
Vizsla, Mr. Dupuis was the Director of Geology with Pan American
Silver, Technical Services Manager with Aurico Gold, and Chief Geologist at several
other operations.
Appointment of Hernando Rueda as
Country Manager
Finally, the Company has appointed Mr. Hernando Rueda as Country Manager. Mr. Rueda was
previously with Capstone Mining, where he acted as Regional
Exploration Manager in Mexico.
Prior to Capstone, he held several senior management roles with
Agnico Eagle Mines in Mexico,
including Project Evaluation Manager and Exploration Manager for
all operations in country. Throughout his career, Mr. Rueda has
overseen numerous significant gold and silver operations in
Mexico and has an in depth
understanding of the technical and managerial requirements to
advance Vizsla's exploration program. Mr. Rueda is a Qualified
Person as defined in the Canadian National Instrument 43-101. He
has a PhD in Geology with a focus in Geochemistry and Hydrothermal
Systems and has followed managerial courses at the Harvard Business School.
The Company is pleased to welcome Mr. Rueda to Vizsla and looks
forward to his leadership on site. His exceptional depth of
experience in managing gold and silver projects in Mexico will be invaluable as the Company
advances through the exploration program at Panuco.
Michael Konnert, President and
CEO commented: "The Company is very pleased that Charles has
moved to a more senior role where his focus will remain the
exploration strategy of Vizsla. In addition, I would like to
welcome Mr. Rueda to the Company and congratulate Mr. Dupuis on his
new appointment. These new roles help build Vizsla's
leadership team as we continue to aggressively advance the
Panuco district from early stage
discovery to our goal of becoming a silver producer."
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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
Panuco, including drilling
activities; future mineral exploration, development and production;
and completion of a maiden drilling program.
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
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; the ability of the communities in
which the Company operates to manage and cope with the implications
of COVID-19; the economic and financial implications of COVID-19 to
the Company; 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.
SOURCE Vizsla Resources Corp.