Vizsla Silver Corp. reported results from 27 new drill holes targeting the Copala resource area at its 100%-owned, Panuco silver-gold project located in Mexico. The reported drilling, designed to both infill and expand mineralization, successfully confirmed high-grade continuity throughout Copala and extended mineralization by 100m down dip to the southeast.

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. 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).

Ongoing drilling at Copala has now traced mineralization along 1,770 metres of strike length and 400 metres down dip. The recently completed batch of infill, geotechnical and resource expansion drilling consisted of 20 holes drilled at 50 m to 100 m centres in the southern extent of Copala and seven holes drilled in the north-central zone, including one hole on Tajitos. The infill and expansion holes in the southeast targeted Copala 3 on the hanging wall, main Copala and Copala 4 situated on the footwall.

The infill and geotechnical holes drilled in the north-central zone targeted only the main Copala structure, except for hole COP-2023-002 that was drilled on the Tajitos Vein (not shown on longitudinal section). Infill and geotechnical drilling completed in the south and north-central areas of Copala have successfully confirmed high-grade mineral continuity. Extension drilling completed in the south has expanded mineralization by 100m downdip to the east, marked by hole CS-23-330.

Additionally, drilling along the southern extents of Copala has highlighted that the main structure gets steeper at depth (65°) and develops narrower vein splays carrying significant silver and gold grades (Copala 3 and Copala 4). The recently reported Copala 4 splay vein sits between Cristiano and Copala, approximately 75m west of Copala, whereas Copala 3 sits less than 50m to the east of Copala main on the hanging wall side. Drilling to date has traced Copala 4 for approximately 300 m along strike and 400 m down dip.

Copala 3 is more irregular in terms of grade and thickness along strike (locally forms sparse high-grade pockets), but overall, the structure has been traced over 400 m long by 400 m down dip. Highlights: CS-24-342 returned 703 grams per tonne (g/t) silver equivalent (AgEq) over 6.00 metres true width (mTW) (487 g/t silver and 3.69 g/t gold) Including 1,327 g/t AgEq over 2.26 mTW (832 g/t silver and 8.09 g/t gold); COP-2023-001 returned 332 g/t AgEq over 13.60 mTW (240 g/t silver and 1.61 g/t gold) Including 1,793 g/t AgEq over 1.10 mTW (1,075 g/t silver and 11.55 g/t gold); COP-2023-004 returned 658 g/t AgEq over 5.10 mTW (318 g/t silver and 5.23 g/t gold) Including 1,436 g/t AgEq over 0.28 mTW (338 g/t silver and 16.00 g/t gold) And 2,104 g/t AgEq over 0.96 mTW (1,270 g/t silver and 13.45 g/t gold); CS-24-339 returned 832 g/t AgEq over 2.92 mTW (738 g/t silver and 2.28 g/t gold).