Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) is pleased to report results from twenty-two new drill holes targeting the Copala resource area at its 100%-owned, flagship Panuco silver-gold project located in Mexico. The reported drilling, designed to infill near-surface Indicated Mineral Resources, has confirmed high-grade mineral continuity where initial mining is likely to occur during the first two years of production at Copala central.

Highlights

• CS-24-381A returned 6,270 grams per tonne (g/t) silver equivalent over 6.25 metres true width (3,698 g/t silver and 41.20 g/t gold)
  • Including 10,634 g/t AgEq over 3.22 mTW (6,304 g/t silver and 69.47 g/t gold)
• CS-24-375 returned 1,212 g/t AgEq over 14.20 mTW (978 g/t silver and 4.56 g/t gold)
  • Including 2,447 g/t AgEq over 0.41 mTW (1,775 g/t silver and 11.80 g/t gold)
  • And, 1,911 g/t AgEq over 0.57 m TW (1,500 g/t silver and 7.74 g/t gold)
  • And, 6,983 g/t AgEq over 1.42 m TW (5,894 g/t silver and 22.97 g/t gold)
  • And, 1,850 g/t AgEq over 0.37 m TW (1,580 g/t silver and 5.85 g/t gold)
• CS-24-377 returned 1,083 g/t AgEq over 10.00 mTW (895 g/t silver and 3.81 g/t gold)
  • Including 4,669 g/t AgEq over 2.00 mTW (3,915 g/t silver and 15.69 g/t gold)
• CS-24-380 returned 2,554 g/t AgEq over 13.30 mTW (1,861 g/t silver and 12.20 g/t gold)
  • Including 6,037 g/t AgEq over 4.36 mTW (4,463 g/t silver and 28.02 g/t gold)
  • And, 4,863 g/t AgEq over 1.14 mTW (3,190 g/t silver and 27.80 g/t gold)

“Infill drilling at Copala continues to highlight excellent precious metals continuity,” commented Michael Konnert, President & CEO. “Our recent infill campaign focused on upgrading resources within the area designated for the first two years of potential production. Not only has this program been successful in demonstrating continuity of high grades but has also expanded the local high-grade footprint closer to surface. Based on these results, we have commenced an additional +5,000 metre program designed to both extend resources outboard of the current MRE and to upgrade additional inferred resources at Copala. This additional drilling is expected to be completed in late September.”

The precious metals dominant Copala structure, located in the western portion of the Panuco district, is situated ~800 m to the east of the Napoleon Vein. Copala currently hosts Indicated Resources of 83.3 Moz AgEq at 573 g/t AgEq and Inferred Resources of 48.3 Moz AgEq at 476 g/t AgEq within a broad envelope of vein-breccia interlayered with host rock, up to 82 metres thick (please refer to our Technical Report on Updated Mineral Resource Estimate for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico, by Allan Armitage, Ben Eggers and Peter Mehrfert, dated February 12, 2024 and to Vizsla’s press release dated January 8, 2024). Interpretations by Vizsla geologists indicate Copala has an average dip of ~46° to the east (~35° in its northern sector and steepening to ~65° in the southern sector).

Exploration and Resource drilling at Copala has traced mineralization along ~1,770 metres of strike length and ~400 metres down dip. The recently completed infill program at Copala central consisted of 10,172 metres in 33 holes. The program was designed to convert near surface indicated mineral resources in the central portion of the main Copala structure into the measured resource category. The twenty-two infill holes reported herein were drilled at approximately 25 metre centers from pre-existing holes and successfully confirm high-grade precious metals continuity along the main Copala structure. Based on recent mapping with the aid of LiDAR, Vizsla discovered a historic mine adit on surface at Copala central. This, in combination with 3D interpretations of drilling data, supports the potential for resource expansion up dip from the previously reported CS-24-356 hole containing visible gold (see press release dated June 26, 2024). This prospective area for resource expansion is estimated to measure approximately 120 x 200 metres and hosts the possibility for additional near-surface target areas located along strike of Copala and above the intersection between the Copala and Cristiano veins. To test this target, Vizsla has commenced an additional +5,000 metre drill program designed to both expand resources outboard of the current MRE and to convert inferred resources into higher confidence categories (see press release dated August 21, 2024). The +5,000 metre expansion-infill program is expected to be completed in late September.

Table 1: Downhole drill intersections from the holes reported for Copala and Copala 3 veins.

Table 2: Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.

About the Panuco Project

The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 17,856.5-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.

The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.

On January 8, 2024, the Company announced an updated mineral resource estimate for Panuco which includes an estimated in-situ indicated mineral resource of 155.8 Moz AgEq and an in-situ inferred resource of 169.6 Moz AgEq (please refer to our Technical Report on Updated Mineral Resource Estimate for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico, by Allan Armitage, Ben Eggers and Peter Mehrfert, dated February 12, 2024 and to our Company´s press release dated January 8, 2024).

About Vizsla Silver

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla Silver has completed over 380,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2024, Vizsla Silver has budgeted +45,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high priority targets across the district.

Quality Assurance / Quality Control

Drill core samples were shipped to ALS Limited in Zacatecas, Zacatecas, Mexico and in North Vancouver, Canada for sample preparation and for analysis at the ALS laboratory in North Vancouver and rock samples were shipped to SGS Lab in Durango Mexico for sample preparation and analysis. The ALS Zacatecas, North Vancouver facilities and SGS lab are ISO 9001 and ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption (“AA”) spectroscopy finish. Over limit analyses for silver, lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.

Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance / quality control protocol.

Qualified Person

In accordance with NI 43-101, Jesus Velador, Ph.D. MMSA QP., Vice President of Exploration, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

Figure 1: Plan map of recent drilling centered on the Copala structure. (CNW Group/Vizsla Silver Corp.)

Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points and location of the recently discovered historic adit on Copala. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree dip of Copala. The black dash outlines represent Copala 3 sitting on the hanging wall of Copala. (CNW Group/Vizsla Silver Corp.)

Figure 3: Cross section showing Copala structure, Cristiano, Copala 3, and Tajitos veins with completed drilling. (CNW Group/Vizsla Silver Corp.)