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Major Increase in Measured and Indicated Mineral Resources at Panuco

Vizsla Silver Corp., a prominent mining company based in Canada, has unveiled impressive results from its recent Updated Mineral Resource Estimate for the Panuco silver-gold project located in Sinaloa, Mexico. This announcement comes as part of an ongoing commitment to enhance resource definitions and optimize mining strategies.

The updated estimate reveals a 43% increase in combined measured and indicated mineral resources, escalating from 155.8 million ounces to 222.4 million ounces of silver equivalent (AgEq). This increase is attributed to the addition of 46 million ounces in new measured resources and an impressive 176 million ounces in indicated resources.

Key Highlights:

• - The average grade of the measured and indicated resources has also seen a 4.5% increase, rising from 511 grams per tonne to 534 grams per tonne AgEq.
• - The Copala section of the project exhibits a notable 9.4% increase in grades, now standing at 635 grams per tonne AgEq.
• - However, inferred mineral resources decreased by 18%, moving from 169.6 million ounces to 138.7 million ounces, primarily due to the conversion of some inferred resources into indicated categories.

The significant growth in the resource estimate suggests a remarkable potential for the Panuco project, which comprises less than 10% of the known vein strike in the region. Approximately 91% of the updated resource value is derived from precious metals, predominantly silver. The estimate incorporates data from 11 epithermal veins, highlighting the diverse mineralization potential within the district.

The details from the updated estimate indicate 12.96 million tonnes grading 307 grams per tonne of silver, 2.49 grams per tonne of gold, along with measurable contributions from lead and zinc, showcasing a well-rounded portfolio of resources.

Michael Konnert, President and CEO of Vizsla Silver, expressed enthusiasm regarding these results, stating, "This update represents a significant milestone for our project. The continuous discovery of high-grade resources reinforces our confidence in the Panuco project."

Future Prospects:

Moving forward, Vizsla Silver is keen on executing a dual track development approach. This involves advancing the project toward production, expected by the second half of 2027, while simultaneously exploring district-scale opportunities through cost-effective means. One of the core objectives includes a fully funded test mine program and a Feasibility Study designed to reassess previously estimations made in 2024.

Moreover, the company aims to maintain its momentum with a planned 10,000-meter drill campaign targeting high-potential areas of the district. To discuss these updates, Vizsla Silver will host a webcast on January 9, 2025, to inform stakeholders about the mineral resource estimate and its implications for future production plans.

The freshly released report, prepared in alignment with the standards set by the National Instrument 43-101, assures stakeholders and investors of the integrity and reliability of the data provided. The effective date of this resource estimate is September 9, 2024, with plans for continuous updates based on ongoing exploration success.

In conclusion, the renewed confidence in Panuco's resources underlines Vizsla Silver's goals of becoming a leading force in the silver mining industry, demonstrating its commitment not only to production but also to responsible and sustainable exploration practices that benefit local communities and stakeholders alike.