Vizsla Resources – Updating the status of the drill program, recent drill results, and cash position
I’m trying to stay up to date with all the companies you all are sending me. Please keep the suggestions coming. This is an uncertain time for all everything but the most important think to do is stay up to date on the companies you are invested/interested in.
Today I get an update from Vizsla Resources and the President and CEO Mike Konnert. We discuss the status of the current drill that is still underway in Mexico. We also recap the recent results from the maiden drill program and the cash in the bank.
If you have any other questions please email me at Fleck@kereport.com.
Click here to visit the Vizsla website and read over the full Company presentation.
The result is that rates in Japan’s repo market, which traditionally connects holders of bonds with investors looking to borrow them, jumped to a record Tuesday (although they since retreated on Wednesday) because as Bloomberg notes, “the introduction of cheaper, more regular dollar-swap auctions has generated huge demand from U.S. currency-starved dealers who are keeping their JGBs to put them down as collateral.”
“Demand for JGBs as collateral and its importance now is heightening.” SMBC Nikko rates strategist Souichi Takeyama told Bloomberg. And here is the big problem that is now facing the BOJ: “There is little incentive to sell to the BOJ because there are more effective ways to make use of JGBs.”
(VZLA) (VIZSF) Vizsla Resources: Consolidating Silver District in Mexico – Fast Track to Production
Swiss Resource Capital AG – March 24, 2020
“Interview with President & CEO Michael Konnert. Vizsla Resources acquired the options for Silver and Gold production for the Panuco district in Mexico. The company is currently drilling for a first resource and plans to go into production very fast.”
Resource Maven Live Webinar with Vizsla Resources (TSX-V: VZLA)
This will interview will be on Thu, Mar 26, 2020 1:00 PM – 2:00 PM CDT
Gwen will be joined by Vizsla Resources CEO, Mike Konnert & Chairman, Craig Parry
“Vizsla Resources (TSXV: VZLA) is a new exploration company focused on the discovery of silver assets at the Copala Panuco Silver-Gold District, one of the largest, most important historic mining districts in Mexico. Vizsla has an option to acquire 100% of the newly consolidated 9,386.5 Ha Panuco district in southern
Sinaloa, near the city of Mazatalan. The option allows for the acquisition of over 75 km of total vein extent, a 500 tpd mill, 35 kms of underground mines, tailings facilities, roads, power and permits. The company is currently drilling at the property and is fully funded to drill up to 14,500 metres throughout 2020.”
https://register.gotowebinar.com/register/299163226028753419
I have been adding to my Vizsla since it has been beat down. Sounded like the CEO in Cory’s interview has some drill results pending that should improve the outlook. Also, stepped into some Sailfish today. The pop from yesterday was walked back early for some decent buy opportunities. I bought it primarily for the Mako association, but it has some associations with some other credible companies and spread through several countries. I know you were monitoring it as a Royalty play recently. The ceo.ca site is pretty quiet.
Yeah, I started a position in Vizsla about a week ago, and am looking forward to their upcoming drill results.
As for Sailfish, yeah I saw that pop yesterday, and am a shareholder. FISH will benefit greatly from it’s 3% Net Smelter royalty on Mako Mining’s San Albino gold mine and that has been a driver recently. Keep in mind it has an active paying royalty on Endeavour Silver’s El Compas mine, an NSR on Kootenay Silver’s La Cigarra Silver project, but a few other larger cornerstone assets like the 3.5% NSR on Eldorado Gold’s Tocantinzinho project, and the 2 royalties in Nevada at Watertown’s Spring Valley & Moonlight projects that it picked up by acquiring Terraco Gold.
In addition to Sailfish’s 6 royalties, it also has 2 projects it acquire that can be spun out, joint-ventured, or monetized.
1) Gavilanes is a Silver development project in Mexico that Marlin picked up from Santacruz Silver, and got moved over to FISH when Marlin and Golden Reign merged to form Mako Mining. Gavilanes is right next to First Majestic’s San Dimas mine.
2) Almaden-Nutmeg Mountain is a past producing mine in Idaho with about 900,000 ounces of gold that Sailfish picked up during the Terraco Gold takeover.
Both of the projects are underappreciated in FISH’s value at present, but I believe in Wexford Capital to bring value to shareholders on those by selling/spinning them out and possibly keeping an NSR on them to augment their royalty portfolio.
Ex:
Thanks for the detail on sailfish. As usual, some additional facts I didn’t know but reinforcing. I saw the Watertown name on several properties, but they did not ring a bell. Wexford Capital had an over 50% ownership, so they must have confidence in the direction Sailfish is going. In any event, I was able yo get around the low of day. There price had been lagging Ely, so I bid behind Ely’s price despite the 65% run yesterday. For some unknown reason I got them. Anyway, that was fun but overall still in the hole for the early March attack.
Watertown operates and manages a number of commodities (mostly gold) projects, but isn’t a traditionally followed mining company. They may be a private investment firm, but the Spring Valley and Moonlight projects in Nevada are substantial.
Wexford are the ones that were running (MLN) Marlin Gold, which I did very well with in 2016-2017, and then they spun out Marlin’s royalties into FISH at that time, which I held into 2018, and then greatly minimized it, when the merged Marlin with (GRR) Golden Reign to form (MKO) Mako Mining in 2019.
Wexford keeps a small float in most companies, and is usually one of the larger shareholders between the official Wexford position and the positions that Akiba Leisman and the officers hold.
This is another plus of Sailfish and Mako (similar to what they did with Marlin a few years back), because they’ll start buying shares, and leave very little retail float for investors to even get ahold of when things start ripping.
Very timely discussion as Mako has had more good news:
Las Conchitas returns more gold for Mako
Canadian Mining Journal | March 25, 2020
“Mako Mining has released the results of six holes drilled to test the Bayacun zone at the Las Conchitas area within the San Albino project in Nicaragua, which intercepted high-grade gold and silver mineralization at shallow depths.”
“Highlights include 1.6 metres of 84.64 g/t gold and 80.2 g/t silver at 80 metres from surface as well as 3.9 metres of 25.78 g/t gold and 18.3 g/t silver at 45 metres from surface.”
https://www.mining.com/las-conchitas-returns-more-gold-for-mako/
The share structure is attractive. Thanks.
Ex:
You are too quick. Owning Mako made me consider Sailfish.
I’ve been following both Sailfish and Mako since they launched, as both were spawned from Marlin.
Looking forward to San Albino making it into production, as it will good for both companies. San Albino will be one of the highest grade open pit mines on the planet. I believe most of it averages over 7 g/t which is much higher than most open pit mines.
That recent drill report was pretty shallow. Open pit obviously feasible.
Yes, that is their plan is a large open pit and they are well on their way to getting ready to start development as they’ve already proven it will be incredibly economic. Those drill results were just more icing on the cake.
So many typos. I wish my screen wouldn’t close down and move all over the place. Makes proofing near impossible.
Spanish Silver in Old Mexico
by @Keecher on 3 Apr 2020
“Venture capitalist Jamie Keech travels to Sinaloa Mexico and explores the historic Panuco silver mines.”
“While in the city of Mazatlán Jamie hooks up with (VZLA) (VIZSF) Vizsla Resources CEO Mike Konnert and learns about his plan to modernize mining in the region.”
Now this is interesting……..JAPAN…….No one wants to sell….to…
https://www.zerohedge.com/markets/bojs-qe-verge-failure-funding-arb-means-nobody-wants-sell-kuroda
“causing havoc” in Japanese money markets as the Bank of Japan continues to buy while dealers refuse to sell.