Vancouver, British Columbia (August 19, 2021) – Vizsla Silver Corp. (TSX-V: VZLA) (OTCQB:
VIZSF) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to provide a project update for its flagship Panuco silver-gold property (the “Property”) located in Sinaloa, Mexico and outline key nearterm objectives.
Summary:
• On-site work programs to remain suspended through August with phased restart planned for September 1st
• Upon restart, to continue +100,000 metre fully funded resource/discovery-based drill program with ten drill rigs
• Resource drilling at Napoleon and Tajitos is focused on a combined resource target area approximately 1,500 metres long by 350 metres deep
• Vizsla intends to report a maiden project resource by the end of Q1/2022 centered on the Napoleon and Tajitos veins
• Major respective updates for Napoleon and Tajitos resource drilling planned for September
• Preliminary metallurgical testing on representative samples from Napoleon underway, testwork results anticipated in Q4
• Exploration drills continue to test zones proximal to the resource target areas as well as other highpriority regional targets
• The Company is preparing for property-wide electromagnetic (EM) and airborne magnetic surveys in late 2021 once the wet season has ended
• Current cash position of C$57M following the exercise of the property options to own 100% of Panuco as announced on July 21, 2021
Vizsla President and CEO, Michael Konnert, commented: “Although we’re eager to resume drilling, the health and safety of our employees and our communities is paramount. While drilling activities have been suspended, our technical team has used this unplanned downtime to refine our geologic model, identify critical path milestones and improve targeting strategies for the remainder of the year. We are very encouraged by the results we’ve received to date from our resource drilling, which has confirmed the continuity of high-grade mineralization over potentially minable widths. Pending ongoing drilling success, Vizsla aims to complete a maiden resource estimate in the first quarter of 2022. Beyond the resource target area, we continue to see considerable upside in this historic mining district highlighted by recent geophysics, regional mapping and drilling”

COVID Response and Planned Restart of Work Programs
As COVID cases in southern Sinaloa continue to pose a significant risk to the health and safety of our local communities and employees, the Company has decided to maintain the voluntary pause of on-site work programs imposed last month (see press release dated July 26, 2021).
Pending continued improvement in regional health statistics, Vizsla is planning a staged re-start to drilling activities at Panuco. Plans are to initially start with two rigs on September 1st, ramping up to full capacity (ten rigs) by the end of the month, as conditions improve. The Company remains in regular contact with local and state level government agencies and will adjust back to work plans as required.

Resource Drilling
Systematic resource drilling is actively advancing along two high-grade veins at Napoleon and Tajitos, which pending ongoing success, the Company intends to report a maiden project resource by the end of Q1/2022. Six out of ten drill rigs are currently dedicated to this objective, three at Napoleon and three at Tajitos.
Napoleon: At Napoleon, the current resource target area is approximately 950 metres by 350 metres, defined by 179 holes completed to date. Ongoing infill drilling at 50m spacing within the target area continues to demonstrate local continuity of high-grade mineralization, while incremental step-outs support an expanding mineral footprint. Overall, mineralization at Napoleon appears to be gently plunging to the south with increased grades and widths observed down-plunge. As such, drilling is focused on expanding the high-grade footprint in this area. The Company intends to release an update on its Napoleon drill program in early September.
Tajitos: A total of 71 holes have been completed at Tajitos, defining an initial resource target area of 550 metres by 300 metres which remains open in all directions. Step-out drilling to the southwest and northeast continues to extend the overall strike length of Tajitos, with new results (assays pending) highlighting up to an additional 200 metres in potential vein strike.
High-grade mineralization at Tajitos, hosted in both diorites and andesites, flanks a lower grade zone observed at the lithologic contact, in the center of the mineralized structure. A notable change in dip direction observed in the southwest may also be responsible for local grade variability, with relatively higher grades intercepted above and below this change. The Company plans to provide an update on Tajitos with additional drill results in late September.

see & read more on
https://vizslasilvercorp.ca/site/assets/files/7000/8-19-21_project_update_final.pdf