“I had spent years travelling the world, searching for the fitting mission. After which an outdated pal launched us to the Panuco district, and we knew we needed to have it,” Konnert instructed MINING.COM. “It checked all of the containers. It was large, it had high-grade silver and it may transfer to manufacturing in a short time. So, we determined to go as arduous as we may to accumulate the mission.”
After spending a full 12 months flying forwards and backwards to Sinaloa and Mexico Metropolis, Vizsla’s CEO and his group had been capable of attain a profitable $43-million cope with the households that owned the district.
“Many mining teams had tried to cope with these households, however we stay the one profitable group to take action,” he mentioned. “Panuco has been producing silver since its discovery within the 1500s, but it surely has solely now been consolidated by Vizsla Silver. There’s an outdated saying that Mexico’s silver camps aren’t found anymore, they’re consolidated. I had the boldness that if we consolidated the mission, we’d be capable of discover new discoveries of high-grade silver on this outdated camp.”
MDC: You have got mentioned that Vizsla is on observe to changing into Mexico’s subsequent main silver producer. What proof helps this affirmation?
Konnert: The Panuco district compares very favourably in measurement and scale to San Dimas, which is 80 kilometres away and has been a significant industrial producer of silver and gold for nearly 100 years. It was even owned by the Hearst household on the flip of the century.
Our main discoveries at Napoleon and Tajitos, within the western zone of the district, are very quickly progressing in direction of sources, which we’ll then transfer into research. The 2 veins mixed have a strike size of over 2700 metres in a panel of mineralization. Thus far, we now have drilled right down to 450 metres in depth and the mineralization reveals no signal of stopping. That is very thrilling and will supply the preliminary years of manufacturing for the district. That is lower than 5% of the recognized veins within the space. There are over 80 kilometres of vastly undrilled and underexplored veins that run via the property.
Along with this, as we’re profitable in our exploration, we will transfer into manufacturing quicker than our friends as we now have present manufacturing infrastructure on website, together with a historic mill, 30 kilometres of underground workings, roads, energy, water, and a neighborhood workforce.
MDC: What does it imply to develop a district-scale mission from an operations perspective?
Konnert: We now have 10 drill rigs turning and one of many world’s largest exploration packages. It is a main enterprise. and particularly this implies you have to be very organized and coordinated. However for me, personally, it signifies that I depend on a world-class group of execs in Mexico and Canada.
Our technical group is led by Martin Dupuis in Canada and his expertise is with Mexico’s largest silver and gold operations together with Pan American’s Dolores mine.
In Mexico, we now have a group of those who have labored with Agnico Eagle, Capstone, Yamana and different main firms and so they apply their expertise to our mission.
MDC: Vizsla goals to finish a maiden useful resource estimate within the first quarter of 2022. What are your subsequent steps?
Konnert: Vizsla has made some unimaginable developments over the past 12 months. From discovery to a maiden useful resource in lower than 18 months, it is rather spectacular. We nonetheless have numerous work left to do in exploring the district for increasingly silver as the present useful resource space is lower than 5% of the recognized veins.
However this useful resource offers us the flexibility to maneuver ahead into manufacturing by finishing financial research on the mineralization we now have. We’ll push this ahead very quickly.
MDC: You have got mentioned that as a mining millennial, taking note of ESG points is essential in relation to the way in which your firms function. How does Vizsla deal with ESG on the Panuco mission?
Konnert: My opinion on ESG is probably a bit of totally different than others. I imagine that a lot of the final technology of miners had to make use of ESG and constructed the pathway for contemporary ESG. Mining all the time needed to have neighborhood buy-in, and a mine would usually profit the encircling communities. In fact, there are exceptions to this, however I imagine it’s true for many firms within the final 20-30 years.
However my tackle ESG is that firms want alignment with the communities that they function in. It’s my opinion that Canadian firms in Mexico are there as visitors of the communities that we work in, and we have to be respectful and discover methods to create shared worth and shared profit from discovery and manufacturing.
Within the case of Vizsla, we now have a number of communities we influence. I’m proud to say that, for over two years now, we’ve employed over 75% of our workforce from the native communities and 90% of our in-country group is from Mexico. We’re spending over $20 million a 12 months in exploration and that is instantly benefiting the communities. As we transfer to manufacturing, we will probably be hiring and coaching from the communities, and implementing security protocols that didn’t exist for the present underground mines within the space.
In fact, all of our actions are permitted and carried out with a view to bettering the native atmosphere from how we discover it.
MDC: Firms working in Mexico should navigate a fancy sociopolitical atmosphere the place corrupt authorities and unlawful teams may even combine collectively. How do you fulfill your dedication to “enterprise of fine” in a spot like Sinaloa?
Konnert: Vizsla is working as a visitor of the nation of Mexico, the state of Sinaloa and the communities we work in. As such, it’s incumbent on us to function in an trustworthy and clear trend.
I’ve present in my profession that the most effective alternatives exist between notion and actuality. Within the case of Mexico and Sinaloa, we now have discovered a vibrant, hard-working, and trustworthy neighborhood that we match properly in and may create share advantages for, which I imagine is considerably totally different than historic perceptions.
As a Canadian firm, Vizsla is an envoy for Canadian values and trade requirements in all elements of our operations. By doing so, we hope to encourage different Canadian firms with abroad operations to do the identical.