08:23 AM EDT, 04/16/2024 (MT Newswires) -- Vizsla Silver ( VZLA ) was at last look down 2.1% in US premarket on Tuesday after agreeing to acquire two large claims located south and partially adjacent to the company's Panuco project in Mexico.

The just-acquired San Enrique prospect, which is almost 50% larger than Panuco, is located along the "highly prospective" Panuco-San Dimas corridor and is covered 100% with LiDAR and partially covered with high-resolution aero-magnetic and radiometric surveys. The area has never been systematically mapped and prospected

Vizsla said it will issue US$650,000 in common shares.to the seller.

"These claims are located southeast along trend from several of our existing mineralized vein corridors, including the high grade Copala structure and they add significant exploration upside potential to Vizsla's growing portfolio of projects," said President and CEO Michael Konnert. "This acquisition combined with the recently announced La Garra acquisition, further positions Vizsla Silver ( VZLA ) as a globally significant silver explorer-developer, with the potential to build a multi-generational asset base in Mexico."