US-traded shares of Vizsla Silver Corp saw a big rally on Monday, rising 12% after the release of updated mineral resource estimates for the Panuco gold and silver project located in Sinaloa, Mexico.
The Canada-based mining company announced the significant increase in its measured and indicated mineral resources.
The updated resource estimate represents a 43% increase over previous figures, representing a significant improvement in the project's potential.
The Vizsla Silver announcement signals a positive development for the Panuco project, which is a key asset in the company's portfolio.
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