VIZSLA SILVER MAKES NEW HIGH-GRADE DISCOVERY IN THE NORTH EAST OF PANUCO INTERSECTING 897 G/T AGEQ OVER 5.85 METERS INCLUDING 2,256 G/T AGEQ OVER 1.13 METERS

Core Viewpoint - Vizsla Silver Corp. announced a significant new discovery at its Panuco silver-gold project in Mexico, highlighting the potential for high-grade mineralization in an area that has seen limited exploration historically [1][4]. Group 1: Discovery Details - The discovery was made in drill hole AM-25-90, which encountered high-grade intervals of silver and gold mineralization [1][4]. - Hole AM-25-90 returned 897 grams per tonne (g/t) silver equivalent (AgEq) over 5.85 meters true width, including intervals of 1,379 g/t AgEq over 1.31 mTW and 2,256 g/t AgEq over 1.13 mTW [6][8]. - The Animas vein system, where the discovery was made, has a mapped strike length of over 7.2 kilometers and hosts the largest number of historical workings in the area [4][10]. Group 2: Exploration Program - Vizsla commenced a fully funded exploration drill program exceeding 10,000 meters, targeting multiple veins in five high-priority areas, including the Animas vein system [5][10]. - The ongoing geological interpretation suggests that both the grade and widths of mineralization may increase at depth, indicating further exploration potential [4][7]. Group 3: Historical Context and Resources - The Panuco project has a current inferred resource of 7.01 million ounces (Moz) AgEq, with a total estimated in-situ combined measured and indicated mineral resource of 222.4 Moz AgEq and an inferred resource of 138.7 Moz AgEq [4][12]. - Historical mining activities in the area date back to the 1500s, with the corridor extending beyond the current known resources, suggesting significant untapped potential [4][10]. Group 4: Company Overview - Vizsla Silver is focused on advancing its flagship Panuco project, which encompasses 7,189.5 hectares and benefits from extensive infrastructure, including 35 kilometers of underground mines [10][13]. - The company aims to become a leading silver producer by implementing a dual-track development approach, balancing mine development with district-scale exploration [13].