Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) is pleased to report results from nine new drillholes targeting the southern extension of the Napoleon Vein, at its 100%-owned flagship Panuco silver-gold project located in Mexico. The results disclosed in this news release expand the vertical extent of the high-grade footprint by 100 metres and continue to show that additional exploration potential exists in the hanging-wall vein splays.

Highlights

• NP-22-300 returned 1,241 grams per tonne (g/t) silver equivalent (AgEq) over 3.90 metres true width (mTW) (913 g/t silver, 5.28 g/t gold, 0.15% lead and 0.2 % zinc) including:
  • 1,672 g/t AgEq over 0.82 mTW (1,400 g/t silver, 4.88 g/t gold, 0.27% lead and 0.32 % zinc)
  • 1,772 g/t AgEq over 0.83 mTW (1,385 g/t silver, 6.62 g/t gold, 0.11% lead and 0.14 % zinc)
  • 2,641 g/t AgEq over 0.50 mTW (1,750 g/t silver, 13.75 g/t gold, 0.23% lead and 0.49% zinc)
• NP-22-295 returned 990 g/t AgEq over 1.70 mTW (682 g/t silver, 3.62 g/t gold, 0.67 % lead and 2.21 % zinc) and,
  • 813 g/t AgEq over 1.41 mTW (493 g/t silver, 3.15 g/t gold, 0.85 % lead and 2.98 % zinc)
• NP-22-291 returned 517 g/t AgEq over 1.48 mTW (283 g/t silver, 1.08 g/t gold, 0.65 % lead and 4.46 % zinc) and,
  • 518 g/t AgEq over 1.18 mTW (484 g/t silver, 0.46 g/t gold, 0.11 % lead and 0.90 % zinc).

“The southern extent of the main Napoleon Vein continues to be the primary target for near-term resource growth within the Napoleon Vein Corridor,” commented Michael Konnert, President and CEO. “Ongoing drilling in the area continues to validate our local model of a gently plunging epithermal system to the south. We have now expanded the zone’s high-grade footprint to ~800 metres long by 400 metres down dip and it remains open at depth. Of the nine drill rigs currently turning on the property, drilling continues at Napoleon with three rigs, including one direction rig, focussed on resource expansion and conversion ahead of a resource update planned for Q4 2022.”

Details of the Napoleon southern extent

Infill and step-out (expansionary) drilling completed in 2021 led to an improved understanding of the controls on mineralization along the Napoleon Vein Corridor. Observations based on metal zonation and alteration continue to suggest the corridor has been tilted with the southern extent being at the top of the mineralized horizon near surface (Figure 3). Previously reported high-grade gold values closer to surface support the model (see press release dated December 16, 2021), while results disclosed in this news release, with high silver grades and continued high gold grades, continue to validate the model. During Q1 2022, Vizsla utilized up to four drill-rigs to target this area with the objective of testing this hypothesis and expanding the resources along strike and down plunge to the south.

Today’s results serve to: 1) further demonstrate the continuity of high-grade silver and gold mineralization along the southern extent of the main Napoleon Vein, outside of the March, 2022 mineral resource boundary; 2) expand the vertical extent of the high-grade footprint by 100 metres; and, 3) support ongoing exploration potential of the hanging-wall vein splays. With respect to the latter, Vizsla is conducting structural interpretation and modelling of the vein splays to further plan step out drill-holes specifically designed to test mineral continuity along strike and at depth. To date, the high-grade footprint associated with the southern extent of the main Napoleon Vein has been traced over ~800 metres along strike, ~400 metres down dip and remains open at depth. Moving forward, Vizsla plans to continue expanding and infilling this high-grade zone ahead of the planned resource update in Q4 2022.

 Table 1: Downhole drill intersections from the holes completed along the Napoleon vein.

Table 2: Napoleon vein drillhole details. 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 6,761-hectare, past producing district benefits from over 75 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.

Panuco hosts an estimated in-situ indicated mineral resource of 61.1 Moz AgEq and an in-situ inferred resource of 45.6 Moz AgEq. A NI 43-101 technical report, titled “National Instrument 43-101 Technical Report for the Panuco Project Mineral Resource Estimate Concordia, Sinaloa, Mexico” was filed on SEDAR on April 7, 2022, with an effective date of March 1, 2022 was prepared by Tim Maunula, P.Geo., Principal Geologist, T. Maunula & Associates Consulting Inc and Kevin Murray, P.Eng, Manager Process Engineering, Ausenco.

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 has completed over 140,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2022, Vizsla has budgeted +120,000 metres of resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.

Quality Assurance / Quality Control

Drill core and rock 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.  The ALS Zacatecas and North Vancouver facilities 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, Martin Dupuis, P.Geo., COO, 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 along the southern extent of the Napoleon Vein. (CNW Group/Vizsla Silver Corp.)

Figure 2: Longitudinal section of the main Napoleon Vein. The section is inclined along the dip of the structure. (CNW Group/Vizsla Silver Corp.)

Figure 3: Napoleon Vein Corridor Exploration Model Longitudinal Section with pierce points. (CNW Group/Vizsla Silver Corp.)

Figure 4: Napoleon cross section with significant intercepts below inferred resources at Ojo de Agua. (CNW Group/Vizsla Silver Corp.)