VIZSLA SILVER REPORTS ADDITIONAL HIGH GRADE INTERCEPTS AT COPALA WITH GEOTECHNICAL DRILLING
Vizsla In-Fills Copala with High Grades as Panuco Transitions from Paper NPV to Underground Reality
The news release dated January 13, 2026, details results from a 10,578-meter geotechnical drilling campaign (29 holes) at the Copala vein, part of the Panuco project. While the primary purpose of these holes was geotechnical (engineering and mine design), they also served as infill drilling. Key intercepts include 7.78 g/t gold (Au) over 2.64 meters (hole DDH-CAP-003A) and 7.51 g/t Au over 4.7 meters (DDH-CAP-008B). CEO Michael Konnert noted that drill spacing reduction continues to validate high-grade continuity, particularly for the first three years of the proposed mine plan.
- Resource De-risking: The results confirm high-grade continuity in the "Measured" and "Indicated" categories for the Copala vein. This is critical for the Feasibility Study (FS) mine plan, as Copala represents the high-margin heart of the project.
- Engineering Confidence: As these were geotechnical holes, the successful completion supports the stability and design of the planned underground infrastructure.
- In-line with Expectations: These results do not represent a new discovery; rather, they reinforce the existing resource model. The grades are consistent with or slightly higher than previous modeling, which is positive but not a "game-changer" at this stage of development.
- Operational Transition: The news confirms the company is successfully moving from surface exploration to underground development, with a second rig planned for underground infill drilling.
Vizsla Silver is developing the Panuco silver-gold district in Sinaloa, Mexico. The project is a newly consolidated high-grade epithermal system with over 86 km of total vein extent. The flagship Copala vein is the primary focus of the 2025 Feasibility Study, which outlined an operation producing an average of 15.2 Moz AgEq per year over a 9.4-year mine life with exceptionally low AISC ($9.40/oz AgEq). The company also owns the Santa Fe project to the south, which includes a permitted 350 tpd mill.