Vizsla Silver Strengthens Leadership with Eduardo Luna as Lead Director

Mexican Mining Hall of Famer Eduardo Luna Appointed Lead Director at Vizsla Silver

Vizsla Silver Corp. has appointed Eduardo Luna, a member of the Mexican Mining Hall of Fame with over four decades of industry experience, as Lead Director to guide the company’s development strategy for its flagship Panuco silver-gold project in Sinaloa, Mexico.

Luna, who joined Vizsla’s board as an independent director in November 2023, brings critical expertise at a pivotal moment for the company. His elevation to Lead Director leverages his extensive background in developing world-class mining operations in Mexico, particularly his experience with the San Dimas Mine, which shares significant geological similarities with the Panuco project.

“It is a privilege to announce Eduardo Luna’s appointment as Lead Director of Vizsla Silver,” said Chairman Craig Parry. “Eduardo is one of Mexico’s most respected mining leaders. Over a career spanning four decades, he has guided world-class companies such as Goldcorp, Wheaton River, and Primero Mining, playing a key role in developing some of Mexico’s most important mines, including San Dimas.”

The strategic appointment comes as Vizsla advances toward feasibility studies for Panuco, where the company has established substantial precious metals resources totaling 222.4 million ounces of silver equivalent in measured and indicated categories, with an additional 138.7 million ounces in inferred resources.

Luna’s appointment holds particular significance due to his direct experience with the San Dimas Mine in Durango. This operation serves as a geological analogue to Vizsla’s Panuco project, sharing similar host geology and mineralization styles. His intimate knowledge of developing such deposits provides valuable strategic perspective as Vizsla moves toward potential production.

The Panuco project represents a significant consolidation effort by Vizsla, bringing together 7,189.5 hectares of a historically fragmented mining district. The property benefits from substantial existing infrastructure, including 86 kilometers of total vein extent and 35 kilometers of underground mines, along with established roads, power infrastructure, and operating permits. This existing infrastructure could provide cost advantages and reduce development timelines compared to greenfield projects.

The deposits at Panuco are classified as intermediate to low sulfidation epithermal silver and gold systems related to siliceous volcanism and crustal extension during the Oligocene and Miocene periods. This geological setting is well-understood in Mexican mining and aligns with proven deposit types in the region.

Luna’s academic credentials include a degree in Mining Engineering from the University of Guanajuato, where he now serves as Chairman of the Advisory Board of the Faculty of Mines. He maintains active involvement in the mining sector through board positions at Coeur Mining and as Chairman at Rochester Resources. His previous role as a director of Wheaton Precious Metals further demonstrates his experience with precious metals companies.

Concurrent with Luna’s appointment, Vizsla announced a performance-based compensation structure, granting 1,550,000 restricted share units to officers, employees, and consultants. The vesting of these units is directly tied to project advancement, with equal installments vesting over three years beginning one year after the announcement of the Feasibility Study for Panuco.

This incentive structure aligns management interests with successful project development and suggests confidence in advancing Panuco through critical development milestones in a reasonable timeframe. All grants remain subject to Toronto Stock Exchange approval.

The Panuco project’s location near Mazatlán positions it within an established mining region with supporting infrastructure and skilled workforce availability. Beyond the current resource estimate, the extensive vein systems and historical mining activity suggest potential for resource expansion through continued exploration.

For investors, Vizsla’s strategic positioning in the silver market comes at a time of continued interest in precious metals investments. The company’s substantial resource base, combined with existing infrastructure and Luna’s leadership expertise, positions it as a potential significant player in silver production.

The company’s dual listing on major exchanges (TSX and NYSE) provides liquidity and accessibility for institutional and retail investors interested in following Panuco’s development journey from advanced exploration to potential production.

As silver continues to play a crucial role in both investment portfolios and industrial applications, projects with substantial resources and experienced leadership like Vizsla’s Panuco may attract increased attention in the mining investment landscape.