Vizsla Silver – New High-Grade Vein Discovery At Panuco As Drilling Continues With 13 Drills Turning
Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) joins us to recap the May 19th news release announcing a new vein discovery in the Tajitos – Copala resource area. The headline result being 3,513g/t silver equivalent over 2.65 meters. There were a couple other intercepts within the 10 holes released that intersected over 1 kilogram silver equivalent over 1 meter.
We have Mike provide more information on the area of the discovery related to the known 106million ounce silver equivalent resource. We also discuss the ongoing drill program at the Project with 13 drills turning.
To wrap up the interview Mike provides a quick introduction to Vizsla Copper.
If you have any questions for Mike please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full May 19th news release highlighting the drill results.
It’s always nice to get a Vizsla update from Mike. 13 drill rigs turning is some serious exploration!
What’s a good stock for drill rigs?
I was wondering that same thing earlier this year Lakedweller2. haha! In the California goldrush it was often those selling the picks and shovels that did the best.
The prices of almost all resource stocks have been coasting to first class bargain levels. Nobody wants to open their wallets. It’s all mine said the man clutching his cash. Fear is dominant in this market but when fear is on you should be buying. DT
DT; I opened my wallet in the candy store today—purchased a number of PM stocks—-e.q. kootenay, impact, excellon, equinox, fury, etc. etc. Will wait until the page turns on June to purchase again. The bargains are plentiful—-approaching only 85% in cash—no hurry since everyone is afraid of the big bad wolf (FED) and the conventional markets have further to fall yet. It appears we’re going to have a little run in the conventional markets for awhile which the FED will love since it continues to give them cover to continue to increase interest rates. Will in all likelihood increase my purchases in June and July.
Nerves of steel!
Doc – glad to see you out doing some nibbling in the mining stocks. I added to a number of positions in gold, silver, base metals, and uranium stocks over the last few weeks, and blew out a few ill-timed trades or portfolio dogs. I’m up to 5% cash to take advantage of any further sell-downs, but nowhere close to 85% cash (but of course, at times like these that gives you great buying power to scoop up more deals). Maybe I should lighten up a bit more on any big rallies we see, but overall I feel pretty well-positioned at this point.
That’s good to hear, ex. I still feel there are good odds that gold has another run down toward $1700.00 especially with another big conventional market (which will happen) move down. Everyone should know by the end of the year that we are in a full blown recession and by that time you should be hearing the FED equivocating on any further massive increases in interest rates.
Good thoughts Doc, and thanks for sharing your technical outlook with us. Yes agreed that the Fed will be equivocating once the recession is more in full effect and after they squeeze off a few more rate hikes and then admit they can’t continue on further. Until then, good trading!
Hi Doc, the market has been righting it self just when it looked like it was beaten. This of course is due to intervention by The Fed. But this has been going on for so long that it is expected. The foreign wars, speculation, and inflation, have killed The American Dream. All we can do is sit back in our armchairs and watch this nightmare play out.
Every time they raise the rate they run the risk of bringing about a terrific smash in the markets, and of appearing to do so deliberately. There is no way out of this except through disaster. DT
Big wallet!
Re: The Fed and interest rates
-There can’t be “further massive increases” in interest rates when there has been none so far. “Massive” is a function of the inflation rate so increases so far have been minimal, not massive and not even what we might call normal.
-No rate hike cycle has ever ended when the Fed funds rate was below the official inflation rate. So, we have: 1.) many more hikes coming, 2.) a huge drop in the inflation rate or, 3.) a combination of the two.
The third choice is most likely but the result will be temporary. I don’t care what the dollar does versus the euro or any other currency, it is going much lower in purchasing power and no recession will stop it for long if at all.
Does anyone remember all the experts of the last decade+ arguing that there would be no inflation as long as velocity remains low? I sure do and I explained to crickets repeatedly how they were wrong. And here we are. M1 and M2 velocity are both at their lowest levels since the measures began in 1959 yet price inflation is raging. This is no surprise to me and it could (and probably will) persist and even worsen before velocity finally turns up. We better hope velocity remains flatlined in the basement because we are likely in for a crack-up boom as soon as it does turn.
Here’s some interesting stats:
January 1980 M1: $386 Billion
January 2020 M1: $3,993 Billion
April 2022 M1: $20,620 Billion
For the record, well over 80% of the increase in M1 since January 2020 happened on Trump’s watch. Both parties serve the looting class. Those who don’t, don’t become president. It’s that simple.
Interest rate increases have been: minimal, token, window dressing, superficial, inadequate, misleading, insufficient, political, ineffective, transitory, mis engineered, and similar words meaning why bother.
Ditto………..on both parties serve the looting class……….. No doubt about that……..
And will continue to do so………
Trumpster endorses a globalist JD Vance………. people need to look into his background…
Ohio, is the setting stage for a lot of problems ….
You might have read this already:
Donald Trump, Pilgrims Society Operative
http://nosilvernationalization.org/187.pdf
I have not read the exact article , yet………. But, I know from silver stealers… Charles, implicated him years ago,… Trumpster in the Pilgrim Society…. which I can believe…..
Thanks for the POST….. appreciate keeping up with all the news, on the EMPIRE…
WE ARE TOAST, …. if the sheeple do not get a handle on this…. but, might be to late….
I will keep plugging away….. at exposing the SCUM BAGS…..
Started reading and will complete it………. thanks………again…..
Some really great stuff,….. on the Organization in the world…..
Just more information that ties the scum bags together…..
This is rich…………….
Trump that he was a participant in
the 50th anniversary celebration of the United Nations. Trump is a
member of the construction committee of the Episcopal Cathedral of
Saint John The Divine. That church, along with Trinity Wall Street
Church, has over one hundred members of The Pilgrims Society at any
time as members and “vestrymen.” In the Revolutionary War, the
Anglican Church here altered its name to Episcopal Church so as to take
less flak yet all along, its leadership have remained loyal to the Crown
of England, sponsors of history’s most powerful influence network—
The Pilgrims Society.
Donald Trump is a globalist or an internationalist—take your choice of
labels. You aren’t a globalist or an internationalist without being a
warfare booster; at least, you won’t be in the forefront of globalism.
Notice his involvement (second half of scan) with the United Nations
and UNESCO, United Nations Educational, Scientific and Cultu
GREAT READ………….. finished it………….. I will keep it…….
sorry, …I did not have all this info. 4 yrs ago…….
Some I had,…but, not the final pages…..
THANKS AGAIN……..
Everything ties together………….. 🙂
As conventional market runs up, I’m buying dips in UVXY. When the down move comes, I’ll reposition in JR miners. Rinse & repeat
Interesting Buzz, so back and forth between it and JNUG for example?
I’ve got 30 juniors, mostly gold, silver. UVXY should do better than holding a large cash position. Buying into waterfall declines keeps me in the early movers. Got lucky with Nevada Sun, just sold last 4000 shares for a 4-bagger
Great interview. Thank you.