Vizsla Silver Corp. confirmed that its 29‑hole geotechnical drilling campaign at the Copala resource area of the Panuco silver‑gold project produced 11 holes intersecting the Copala vein system at depths ranging from 15 m to 50 m from previous drill holes. The new intercepts include measured resources of 684 g/t AgEq and 600 g/t AgEq, and inferred resources of 476 g/t AgEq, extending the known strike length to approximately 1,770 m and down‑dip to 400 m.
The results reinforce the geological model used in the November 2025 feasibility study, which projected 17.4 Moz AgEq of annual production over a 9.4‑year mine life and an after‑tax NPV(5%) of USD 1.8 billion. By confirming high‑grade continuity, the drilling reduces geological uncertainty and supports the company’s plan to advance the Morgan ramp and bulk‑sampling program at Copala, a key step toward de‑risking the project’s construction phase.
Among the most striking intercepts, DDH‑CAP‑008B returned 1,800 g/t AgEq over 3.80 m of true width, while DDH‑CAP‑009A recorded 1,200 g/t AgEq over 2.50 m. These high‑grade, narrow‑width intercepts demonstrate that the vein system remains exceptionally rich even at greater depths, providing strong evidence that the resource can be mined economically at scale.
President and CEO Michael Konnert said the results “not only support engineering studies for mine development but also serve as infill holes, validating the exceptional high‑grade continuity at Copala.” He added that “Copala continues to impress with higher grades as drill spacing is reduced, particularly within years 1‑3 of the feasibility study mine plan.”
The confirmation of high‑grade mineralization strengthens Vizsla’s position as a fully‑funded developer. The company has secured a project finance mandate of up to USD 220 million with Macquarie Bank, and its cash position is expected to fund the project through first production. The new data will feed into the next phase of underground drilling and the construction of the Morgan ramp, bringing the project closer to operational status and enhancing the company’s long‑term value proposition.
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