06:44 AM EDT, 08/21/2024 (MT Newswires) -- Vizsla Silver ( VZLA ) on Wednesday provided an update on its resource expansion potential and outlined its exploration plans to test high-priority targets in the central and east areas of its flagship Panuco silver-gold district in Mexico.

The company aims to provide an updated resource estimate in the fourth quarter.

Vizsla's objectives for the rest of 2024 include completing over 10,000 meters of exploration drilling in the central-east area of the district, completing over 5,000 meters of resource infill and expansion drilling in Copala central and advanced mapping of the district to 70% coverage.

Project 1, the center of mass in the west of the district, hosts about 98% of the current mineral resources and is the focus of a recently published preliminary economic assessment.

The company has also defined several district-wide targets it plans to test in the second half of the year, which have the potential to host similar resources to that of Project 1.

The recent acquisitions of the La Garra and San Enrique properties have increased Vizsla's land package in the Panuco-San Dimas corridor.

"With Panuco Project 1 now having been defined, the hunt for Project 2 begins," said Vizsla President and CEO Michael Konnert. "We are now determined to identify the next epicenter of high-grade mineralization in the central and/or east area of the district with the potential to host similar resources to that outlined in Project 1."

The company's share price at last look was down 0.5% to US$1.93 in U.S. pre-market trading on Wednesday.