Vizsla Silver Corp (VZLA)

[Oleblue]

VIZSLA SILVER REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS
ON THE COPALA AND COPALA 2 STRUCTURES
Vancouver, British Columbia (November 27, 2023) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA)
(Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to report new drill results from 22 expansion and
infill holes targeting the Copala resource area at its 100%-owned, flagship Panuco silver-gold project
("Panuco" or the "Project") located in Mexico. The reported results have successfully expanded Copala
mineralization by ~100m to the southeast and identified new vein splays situated in-between Copala and
the high-grade Cristiano structure.
Highlights
• CS-23-304 returned 1,722 grams per tonne (g/t) silver equivalent (AgEq) over 2.80 metres true
width (mTW) (1,366 g/t silver and 6.80 g/t gold)
o Including 6,618 g/t AgEq over 0.55 mTW (5,320 g/t silver and 25.20 g/t gold)
• CS-23-300 returned 724 g/t AgEq over 3.10 mTW (519 g/t silver and 3.57 g/t gold)
o Including 1,749 g/t AgEq over 1.00 mTW (1,255 g/t silver and 8.61 g/t gold)
“Resource expansion drilling at Copala, both to the north and southeast, continue to highlight a robust
precious metals structure well beyond the January 2023 resource boundary,” commented Michael
Konnert, President & CEO. “New step out drilling has extended the total mineralized strike length of Copala
by approximately 100 metres to the south and it remains open in both directions. Additionally, drilling has
confirmed the continuity of the high-grade Copala 2 vein located between Tajitos and Copala main which
now measures a total of 600 metres in mineralized strike. Moving forward, we intend to continue infilling
and expanding these high-grade zones with two drill rigs, in preparation for the updated resource estimate
planned for January 2024.”
www.vizslasilvercorp.ca | 2
Figure 1: Plan map of recent drilling centered on the Copala structure.
The precious metals dominant Copala Structure, located in the western portion of the Panuco district, is
situated ~800 m to the east of the Napoleon vein. Copala currently hosts Indicated Resources of 51.1 Moz
AgEq at 516 g/t AgEq and Inferred Resources of 55.4 Moz AgEq at 617 g/t AgEq within a broad envelope
of vein-breccia interlayered with host rock, up to 82 metres thick. Interpretations by Vizsla geologists
indicate Copala has an average dip of ~46° to the east (~35° in its northern sector and steepening to ~52°
in the southern sector).
Ongoing drilling at Copala has now traced mineralization along ~1,770 metres of strike length and ~400
metres down dip. The recently completed batch of resource expansion drilling consisted of 21 holes drilled
at ~50 m and ~100 m centres in the southern extent of Copala and one hole in the north, targeting both
the main Copala structure and the Copala 2 vein to the footwall. At Copala, hole CS-23-300 in the north,
intercepted a broad mineralized structure (~30 mTW) consisting of two high grade zones enveloping a low
grade stockwork zone carrying anomalous silver and gold grades throughout (see cross section on figure
5). Results from seven step-out holes in the south show that the Copala structure gets steeper at depth
(~70°) and develops vein splays carrying significant silver and gold grades. The recently interpreted Copala
4 and FW Splay vein sit between Cristiano and Copala, approximately 100 m and 50 m west of Copala,
respectively. To date, drilling has traced Copala 4 approximately 300 m along strike and 400 m down dip
whereas the FW Splay has been traced for ~350 m along strike and 250 m down dip. The vein splays strike
at 15° to 35° due northwest and dip at 60° to 70° to the east. These new splays, like Cristiano, are relatively
narrow compared to the main Copala structure, and host precious metals rich epithermal mineralization.
The drilling completed in the southern extent of Copala was designed to explore and/or infill the Copala
structure. Due to geometry those holes could not efficiently test the projection of the Cristiano vein, which
remains an open target. Vizsla is preparing an exploration program for next year that will consider
additional exploration on the southern extent of Cristiano and the newly identified splays.
The Copala 2 vein sits at the footwall of the main Copala structure and is bounded to the west by the
Tajitos vein and to the east by the Copala Fault. The Vein strikes northeast, dips to the southeast at
approximately 48° and has been traced for ~330 metres along strike and ~290 metres down dip. Refer to
www.vizslasilvercorp.ca | 3
the Company’s news releases dated July 13, 2023, and May 19, 2022, for previous drillhole results from
Copala 2.
To date, Vizsla has completed ~89,800 m of its fully funded 90,000 m 2023 drill program.
Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points. The section is 1x
along strike to 1.4x along the dip to compensate for the average 46-degree dip of Copala. The black dash
outlines represent Copala 2 in the north and the footwall vein (FW Splay) in the south.

https://vizslasilvercorp.ca/site/assets/files/7542/2023-11-27_vizsla_silver_copala_main_final.pdf