Additional High-Grade Intercepts And Refined Interpretations At La Luisa

VANCOUVER - Vizsla Silver Corp. reported results from six new drillholes targeting the La Luisa Vein located ~700 metres west of the Napoleon Area resource, at the Panuco silver-gold project in Mexico. Recently completed drilling continues to demonstrate continuity of high-grade mineralization. NP-24-430 returned 788 grams per tonne (g/t) silver equivalent (AgEq) over 1.30 metres true width (mTW) (682 g/t silver, 2.07 g/t gold, 0.17% lead and 0.23% zinc). NP-24-433 returned 1,038 g/t AgEq over 0.75 mTW (827 g/t silver, 2.78 g/t gold, 0.57% lead and 1.80% zinc), and 338 g/t AgEq over 2.00 mTW (102 g/t silver, 2.94 g/t gold, 0.17 % lead and 1.08% zinc). NP-24-438 returned 7,307 g/t AgEq over 0.48 mTW (3,310 g/t silver, 61.60 g/t gold, 0.78% lead and 1.31% zinc), and 657 g/t AgEq over 1.10 mTW (103 g/t silver, 7.79 g/t gold, 0.24% lead and 78% zinc).

"Our ongoing exploration campaign continues to expand and convert near-surface mineralization at La Luisa," commented Michael Konnert, President and CEO. "La Luisa is one of the newest discoveries Vizsla Silver has made in the Panuco district, and currently hosts 4 million ounces of indicated and 25 million ounces of inferred silver equivalent resources. Recent exploration has not only expanded the Luisa mineralized footprint well beyond the 2024 MRE boundary, but new mapping utilizing Terraspec® technology to identify alteration minerals, has helped validate our local exploration model. We have now identified two potential feeder zones within a target depth horizon, which we will test in the near future as we continue to expand and de-risk the Panuco project ahead of the maiden project PEA in Q3 2024.

The La Luisa Vein is located approximately 700 metres to the west of Napoleon in the southwest portion of the Panuco district. The structure has been mapped on surface for approximately 1,500 metres with an average strike of N30°W and dip of 70° - 80° to the northeast. To date, Vizsla Silver has reported 57 holes from La Luisa outlining a mineralized footprint approximately 1,670 metres long by 450 metres down dip with a weighted average grade of 407 g/t AgEq (150 g/t silver, 3.09 g/t gold, 0.36 % lead and 1.35 % zinc) and average width 2.56 mTW. La Luisa currently hosts Indicated Resources of 4.0 Moz AgEq at 459 g/t AgEq and Inferred Resources of 25.3 Moz AgEq at 386 g/t AgEq in the main La Luisa vein and the FW vein splay.

The upper levels of the vein are hosted primarily by rhyolite tuffs, whereas some deeper vein-intercepts occur in the more favourable diorite host rock. Initial shallow drilling at La Luisa returned vein intercepts with higher gold concentrations relative to silver and low concentrations of base metals. The low silver to gold ratios and low concentrations of base metals observed are analogous to the previously reported shallow "gold rich" horizon at the southern end of Napoleon. Recent interpretations of the metal ratios observed along La Luisa Vein clearly define a tilted silver-rich band with silver to gold ratios greater than 100 (Ag/Au>100). The tilted silver-rich band is constrained by two Ag/Au=100 lines, an upper and lower boundary. The lower boundary line corresponds to the interface between a deeper, base metals rich zone and the silver-rich band above. Furthermore, preliminary analysis of trends on gold and base metals concentrations suggests two potential feeder zones.”

Previous surface mapping and sampling at La Luisa has returned higher silver and gold anomalies at surface in the north. More recently, mapping with the use of Terraspec® has aided in the characterization of alteration minerals located along strike, supporting the hypothesis that mineralization is tilted to the southwest. Shallow drilling completed in the northwest have confirmed vein mineralization in the north and expanded the potential strike length of La Luisa to 1,670 m; with an intermediate ~400 m drilling-gap between the high-grade shoot in the south and the recent drill intercepts to the north. New analysis of metal ratios and alteration mineralogy, now allow us to define a more favorable target elevation (silver rich target) in the 400m gap, constrained by the Ag/Au=100 isolines, between the northern holes and the mineral resource footprint in the south. Vizsla intends to explore this refined up section target between the Ag/Au=100 isolines in an effort to further expand mineral resources at La Luisa.