Exploration Plans To Test High Priority Targets At Panuco Property

VANCOUVER - Vizsla Silver Corp. reported on its exploration plans to test high priority targets in the central and east areas of its flagship Panuco silver-gold district as well as other greenfield prospects located in Sinaloa, Mexico.

"With Panuco Project 1 now having been defined, the hunt for Project 2 begins," said Michael Konnert, President and CEO. "Since our initial discovery at Napoleon, we have completed over 350,000 metres of diamond drilling, made several new discoveries and outlined a robust, high-grade resource base which serves as the foundation for Panuco Project 1, located in the southwest corner of the district. We are now determined to identify the next epicenter of high-grade mineralization in the central and/or east area of the district with the potential to host similar resources to that outlined in Project 1. To support this objective, we have budgeted 10,000 metres of new exploration drilling for the remainder of the year designed to test highly prospective targets. These select targets are based on an improved geologic understanding of the structural controls to mineralization as well as ongoing mapping, sampling, observations of metal ratios and alteration and other exploration methods. Additionally, we will continue to enhance the resource base that informs the Project 1 PEA through an expanded infill program targeting the first few years of production from Copala. This will culminate in a mineral resource update planned for late Q4 2024."

Key Exploration Objectives for 2024: 1) Complete +10,000 metres of exploration drilling in the central-east area of the district. 2) Complete +5,000 meters of resource infill/expansion drilling in Copala central. 3) Complete VTEM, airborne mag and radiometric surveys on 950 l-km. 4) Advance mapping of the district to 70% coverage. 5) Provide updated resource estimate in Q4 2024.