VIZSLA SILVER REPORTS ADDITIONAL HIGH GRADE INTERCEPTS AT COPALA WITH GEOTECHNICAL DRILLING

Core Viewpoint - Vizsla Silver Corp. has reported positive results from its geotechnical drill campaign at the Copala resource area of its Panuco silver-gold project in Mexico, indicating high-grade continuity and supporting mine development studies [3][6]. Group 1: Drill Results - The recent geotechnical drill campaign included 11 holes targeting the Copala resource area, with significant grades reported, including 1,800 grams per tonne (g/t) silver equivalent (AgEq) over 3.80 meters true width [5][6]. - Notable drill results include DDH-CAP-008B returning 1,800 g/t AgEq, DDH-CAP-003A returning 840 g/t AgEq over 6.50 meters, and DDH-CAP-007B returning 424 g/t AgEq over 8.90 meters [5][6][8]. - The Copala structure currently hosts Measured Resources of 41.4 million ounces (Moz) AgEq at 684 g/t, Indicated Resources of 82.8 Moz AgEq at 600 g/t, and Inferred Resources of 35.5 Moz AgEq at 476 g/t [3][4]. Group 2: Project Development - The Copala structure has been traced for approximately 1,770 meters of strike length and 400 meters down dip, with ongoing underground drilling planned to upgrade resources [4][6]. - Vizsla Silver has commenced a fully funded and permitted test mine and bulk sample program at Copala, focusing on developing an underground ramp and ore extraction [7]. - The company plans to conduct an aggressive infill drilling campaign exceeding 13,000 meters to upgrade additional resources into the Indicated and Measured categories [7]. Group 3: Feasibility Study Insights - The recently completed Feasibility Study for the Panuco project highlights an annual production of 17.4 Moz AgEq over an initial mine life of 9.4 years, with an after-tax NPV(5%) of US$1.8 billion and an IRR of 111% [14]. - The study indicates a 7-month payback period at metal prices of US$35.50 per ounce for silver and US$3,100 per ounce for gold [14].