The results indicated recoveries of up to 93% silver, 90% gold, 94% lead and 94% zinc through open-circuit, rougher bulk-flotation testing.

The company also conducted open-circuit, rougher sequential-flotation testing, which indicated lead and zinc concentrates with combined recoveries of up to 88% silver, 88% gold, 96% lead and 96% zinc.

Direct cyanide leach tests also yielded recoveries of up to 87% silver and 93% gold after 48 hours retention time, while gravity separation testing indicated recoveries of 29% silver and 40% gold.

Vizsla's president and chief executive officer Michael Konnert said the high precious metals recoveries demonstrated through the tests showed that the project had considerable flexibility in terms of processing strategies.

"As we move forward, the project team will be able to evaluate and select the best option, or use multiple processing options to optimise project returns," he said.

This was the first metallurgical test conducted by Vizsla at the Panuco project in order to assess the range of viable processing alternatives that could be applied at the site. The company will announce its maiden resource estimate in the first quarter of the year.

Vizsla is the sole owner of the newly consolidated Panuco silver-gold project, which is located near the city of Mazatlan in Mexico. It is comprised of 6,754ha, with 35km of underground mines.

On February 17, Vizsla Silver Corporation traded on the TXS at C$2.54/share, nearly 6% lower on the day.