Vizsla Silver Corp. announced that it has entered into an agreement to acquire two large claims comprising 10,667.0 Ha located south and partially adjacent to the Company's Panuco project. Pursuant to the Acquisition Agreement, the Company has agreed to issue an aggregate of USD 650,000 in common shares in the capital of the Company, at the exchange rate and market price applicable on the effective date plus any applicable value added tax to the Seller.

The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlan. 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.

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.