Vizsla Silver Reports Additional High Grade Intercepts at Copala with Geotechnical Drilling
VIZSLA SILVER REPORTS ADDITIONAL HIGH GRADE INTERCEPTS
AT COPALA WITH GEOTECHNICAL DRILLING
NYSE: VZLA TSX: VZLA
VANCOUVER, BC
,
Jan. 13, 2026
/CNW/ -
Vizsla Silver Corp.
(TSX: VZLA) (NYSE: VZLA) (
Frankfurt
: 0G3) ("
Vizsla
" or the "
Company
") is
pleased to report results from 11 geotechnical drill 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 correspond to 29 oriented geotechnical drill holes completed within the
Copala
,
Tajitos
and Napoleon resource areas between
May 2025
and
August 2025
.
Highlights
DDH-CAP-008B returned
1,800 grams per tonne (g/t) silver equivalent (AgEq) over 3.80 metres true width (mTW)
(1,284 g/t silver and
7.51 g/t gold)
Including 3,833 g/t AgEq over 0.93 mTW (2,760 g/t silver and 15.70 g/t gold)
DDH-CAP-003A returned
840 grams per tonne (g/t) silver equivalent (AgEq) over 6.50 metres true width (mTW)
(681 g/t silver and 2.58
g/t gold)
Including 1,219 g/t AgEq over 0.91 mTW (1,046 g/t silver and 3.10 g/t gold)
Including 1,708 g/t AgEq over 1.83 mTW (1,428 g/t silver and 4.77 g/t gold)
DDH-CAP-007B returned
424 grams per tonne (g/t) silver equivalent (AgEq) over 8.90 metres true width (mTW)
(269 g/t silver and 2.15
g/t gold)
Including 1,357 g/t AgEq over 1.62 mTW (865 g/t silver and 6.82 g/t gold)
DDH-CAP-003A returned
1,422 grams per tonne (g/t) silver equivalent (AgEq) over 2.00 metres true width (mTW)
(850 g/t silver and 7.78
g/t gold)
"The results from the recently completed Geotechnical drill campaign not only support engineering studies for mine development but also serve
as infill holes, validating the exceptional high-grade continuity at
Copala
",
commented
Michael Konnert
, President & CEO.
"
Copala
continues to
impress with higher grades as drill spacing is reduced, particularly within years 1-3 of the feasibility study mine plan. We expect to continue
upgrading resources through 2026 via underground drilling at
Copala
to further de-risk and enhance initial mine production."
Figure 1: Plan map Copala structure with the location of the geotechnical holes. (CNW Group/Vizsla Silver Corp.)
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 Measured Resources of 41.4 Moz AgEq at 684 g/t AgEq, Indicated Resources of 82.8 Moz AgEq at 600 g/t AgEq and
Inferred Resources of 35.5 Moz AgEq at 476 g/t AgEq within a broad envelope of vein-breccia interlayered with host rock, up to 82 metres thick
(please refer to our Panuco Project, NI 43-101 Technical Report and Feasibility Study, Sinaloa State,
Mexico
, by Ausenco Engineering Canada
ULC, dated
December 2, 2025
and Vizsla's press release dated
November 12, 2025
). Observations and interpretations conducted by Vizsla
geologists indicate that
Copala
has an average dip of ~46° to the east (~35° in its northern sector and steepening to ~65° in the southern sector).
Exploration and resource focused drilling at
Copala
have now traced mineralization along ~1,770 metres of strike length and ~400 metres down dip.
Furthermore, surface geological mapping, supported with LiDAR, and near surface drilling conducted in 2024 (see press release dated
June 26,
2024
) led to the discovery of a historic mine adit on surface over the central zone of
Copala
where the initial years of production have been planned.
The 11 holes reported herein are part of
10,578 m
geotechnical campaign comprised of 29 oriented holes completed for engineering studies that
were included in Vizsla's recently announced Feasibility Study (please refer to our Panuco Project, NI 43-101 Technical Report and Feasibility Study,
Sinaloa State,
Mexico
, by Ausenco Engineering Canada ULC, dated
December 2, 2025
and Vizsla's press release dated
November 12, 2025
). Nine
of the 11 holes intercepted
Copala
between
15 m
or
50 m
from previous drill holes and thus can be considered as infill holes. Additionally, eight of
these holes intercepted
Copala
with significant grades, further demonstrating the excellent mineral continuity along the Vein.
Moreover, Vizsla Silver commenced a fully funded and permitted test mine and bulk sample program at
Copala
on
December 11, 2024
(see press
release dated
December 11, 2024
), which is focused on developing an underground ramp ("Morgan" ramp), lateral access and ore extraction from
the 460-level on
Copala
. Development of the Morgan ramp on
Copala
has now provided Vizsla geologists with strategic positions to start an
aggressive (
+13k
metres) infill drilling campaign designed to upgrade additional resources into the Indicated and Measured categories at
Copala
and Cristiano. Vizsla commenced its underground infill drilling program from the 480-level of the ramp on
December 24, 2025
and plans to add a
second rig at the 460-level in due course.
Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points and location of the historic adit on Copala. 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 3 sitting on the
hanging wall of Copala and Copala 2 and 4 sitting in the footwall side. (CNW Group/Vizsla Silver Corp.)
Figure 3: Cross section showing Copala structure and Copala 3 vein with completed drilling. (CNW Group/Vizsla Silver Corp.)
Drillhole
From
To
Downhole
Length
Estimated
True width
Ag
Au
AgEq
Vein
(m)
(m)
(m)
(m)
(g/t)
(g/t)
(g/t)
DDH-CAP-001
No Significant Values
Copala 3
DDH-CAP-003A
363.36
366.00
2.64
2.00
850
7.78
1,422
Copala 3
DDH-CAP-003A
399.90
410.57
10.67
6.50
681
2.58
840
Copala
Including
399.90
401.40
1.50
0.91
1,046
3.10
1,219
Including
405.00
408.00
3.00
1.83
1,428
4.77
1,708
DDH-CAP-004A
No Significant Values
Copala 3
DDH-CAP-004A
332.45
337.15
4.70
4.50
316
1.87
444
Copala
Including
334.65
337.15
2.50
2.39
448
2.18
592
DDH-CAP-004A
348.85
351.50
2.65
2.30
158
0.54
190
Copala
DDH-CAP-004B
261.40
264.00
2.60
2.20
131
0.78
185
Copala
DDH-CAP-005A
No Significant Values
Copala 3
DDH-CAP-005A
308.85
312.00
3.15
2.60
179
0.99
247
Copala
DDH-CAP-006A
No Significant Values
Copala 3
DDH-CAP-006A
332.68
336.65
3.97
3.20
384
2.64
571
Copala
Including
332.68
333.90
1.22
0.98
835
7.19
1,360
DDH-CAP-007A
152.00
153.00
1.00
1.00
216
1.98
362
Copala
DDH-CAP-007B
181.15
190.75
9.60
8.90
269
2.15
424
Copala
Including
181.80
183.55
1.75
1.62
865
6.82
1,357
DDH-CAP-007B
246.10
246.95
0.85
0.80
665
3.01
861
Vein splay
DDH-CAP-007B
311.85
312.75
0.90
0.90
733
3.50
963
Copala 2
DDH-CAP-008A
154.00
154.40
0.40
0.35
182
1.56
296
Copala splay 1
DDH-CAP-008A
156.70
161.65
4.95
4.90
201
1.26
289
Copala
DDH-CAP-008A
172.60
174.10
1.50
1.40
139
1.09
217
Copala splay 2
DDH-CAP-008B
187.30
192.00
4.70
3.80
1,284
7.51
1,800
Copala
Including
189.00
190.15
1.15
0.93
2,760
15.70
3,833
DDH-CAP-009
No Significant Values
Copala
DDH-CAP-009
258.00
263.75
5.75
2.20
489
2.05
619
Cristiano
Including
261.00
262.95
1.95
0.75
1,229
5.64
1,596
DDH-CAP-009
No Significant Values
Copala
Note: AgEq = Ag g/t x Ag rec. + (Au g/t x Au Rec x Au price/gram)/Ag price/gram. Metal price assumptions are $35.50/oz silver and $3,100/oz gold and metallurgical recoveries assumed are 92.3% for silver and 93.8% for gold. Gold and silver metallurgical recoveries
used in this release are from metallurgical test results of the Copala vein (see press release dated August 16, 2023)
Table 1:
Downhole drill intersections from the holes reported for
Copala
,
Copala
2,
Copala
3 and Cristiano veins.
Drillhole
Easting
Northing
Elevation
(m)
Azimuth
Dip
Depth (m)
DDH-CAP-001
405,122
2,586,384
648
257.0
-76.0
525.0
DDH-CAP-003A
404,813
2,586,854
638
164.0
-73.0
435.0
DDH-CAP-004A
404,812
2,586,855
638
223.0
-72.0
357.0
DDH-CAP-004B
404,813
2,586,855
638
272.0
-53.0
270.0
DDH-CAP-005A
404,827
2,587,009
596
275.0
-46.0
321.0
DDH-CAP-006A
404,828
2,587,009
595
292.0
-68.0
342.0
DDH-CAP-007A
404,652
2,587,161
568
290.0
-56.0
330.0
DDH-CAP-007B
404,653
2,587,161
568
320.0
-39.0
333.0
DDH-CAP-008A
404,674
2,587,217
533
294.0
-75.0
185.1
DDH-CAP-008B
404,674
2,587,217
533
330.0
-39.0
210.0
DDH-CAP-009
404,574
2,587,069
542
247.0
-66.0
336.8
Table 2:
Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.
Qualified Person
In accordance with NI 43-101,
Jesus Velador
, Ph.D. MMSA QP., Vice President of Exploration, is the Qualified Person for the Company and has
reviewed and approved the technical and scientific content of this news release.
Quality Assurance / Quality Control
Drill core samples were shipped to SGS Lab in
Durango Mexico
for sample preparation and analysis. The SGS lab in Durango is ISO 9001 and
ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire
assay with atomic absorption ("AA") spectroscopy finish. Over limit analyses for silver, lead and zinc were re-assayed using an ore-grade four-acid
digestion with AA finish.
Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and
analyzed as part of the Company's quality assurance / quality control protocol.
About Vizsla Silver and the Panuco Project
Vizsla Silver is a Canadian mineral exploration and development company headquartered in
Vancouver, BC
, focused on advancing its flagship,
100%-owned
Panuco
silver-gold project located in
Sinaloa, Mexico
. The Company recently completed a Feasibility Study for
Panuco
in
November
2025
which highlights 17.4 Moz AgEq of annual production over an initial 9.4-year mine life, an after-tax NPV(5%) of
US$1.8B
, 111% IRR and a 7-
month payback at
US$35.50
/oz Ag and
US$3,100
/oz Au. Vizsla Silver aims to position itself as a leading silver company by implementing a dual
track development approach at
Panuco
, advancing mine development while continuing district scale exploration through low-cost means.
Website:
www.vizslasilvercorp.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the
meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements
relate to future events or performance and reflect management's expectations or beliefs regarding future events, plans, and objectives.
Forward-looking statements in this release include, but are not limited to, statements regarding management's plans, strategies, and future
operations.
Forward-looking statements are based on a number of assumptions believed to be reasonable by the Company as of the date of this release,
including, without limitation: the accuracy of the Feasibility Study parameters; the availability of financing on acceptable terms; that required permits
and approvals will be obtained in the expected timeframe; continued community and government support; stability in market, political and economic
conditions; reasonable accuracy of operating and capital cost estimates; and continued favourable metal prices and exchange rates.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ
materially. Such risks include, but are not limited to: exploration, development and operating risks; permitting, environmental and regulatory risks;
community relations and social licence risks; commodity price and currency fluctuations; inflation and cost escalation; financing and liquidity risks;
reliance on contractors and suppliers; title and surface rights risks; changes in project parameters; inaccuracies in technical or economic modelling;
the risk that the Feasibility Study assumptions prove inaccurate; and other risks described in the Company's continuous disclosure filings available
under its profile on SEDAR+ at
www.sedarplus.ca
.
There can be no assurance that the Panuco Project will be placed into production or that the results of the Feasibility Study will be realized. The
purpose of the forward-looking statements is to provide information about management's current expectations and plans and may not be appropriate
for other purposes. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this
release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements contained
herein.
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Contact Information: For more information and to sign-up to the mailing list, please contact: Michael Konnert, President
and Chief Executive Officer, Tel: (604) 364-2215, Email: [email protected]
CO: Vizsla Silver Corp.
CNW 06:00e 13-JAN-26