Vancouver, British Columbia (January 8, 2025) – Vizsla Royalties Corp. (TSX-V: VROY) (“Vizsla Royalties”
or the “Company”) is pleased to provide an update on the development of its principal asset. The
Company holds a net smelter return royalty on the Panuco silver-gold project located in Western Mexico
owned by Vizsla Silver Corp (TSX: VZLA, NYSE: VZLA) (“Vizsla Silver”).
On January 6, 2025, Vizsla Silver reported an updated mineral resource for Panuco, highlighting an
estimated combined measured and indicated mineral resource of 222.4 million ounces (“Moz”) silver
equivalent (“AgEq”) grading 534 g/t AgEq, and an Inferred mineral resource of 138.7 Moz AgEq grading
412 g/t AgEq).
Highlights of Vizsla Silver’s Updated Mineral Resource Estimate, including a comparison to the previous
mineral resource estimate released in January 2024:
• 43% increase in combined measured and indicated mineral resources from 155.8 to 222.4 Moz
AgEq
• Added 46 Moz AgEq in new measured resources and 176 Moz AgEq in new indicated resources
o 9.4% increase in combined measured and indicated grade at Copala (580 g/t to 635 g/t
AgEq)
o 4.5% increase in global indicated grade (511 g/t to 534 g/t AgEq)
• 18% decrease in inferred mineral resources from 169.6 to 138.7 Moz AgEq mostly due to
conversion to indicated resources
o 4.9% decrease in inferred grade (433 g/t to 412 g/t AgEq)
Key Statistics:
• The Updated Mineral Resource represents less than 10% of the known vein strike of the newly
consolidated Panuco district
• 91% of the value of the Updated Mineral Resource Estimate is comprised of precious metals,
including 56% from silver
• A total of 11 epithermal veins were included in the Updated Mineral Resource Estimate
• Total all-in exploration cost of US$0.41/oz AgEq discovered
The full news release is available on Vizsla Silver’s website here.
“As the principal holder of a net smelter returns royalty on the Panuco Project, I’m thrilled with the progress
Vizsla Silver has made.” commented, Michael Pettingell, CEO. “Vizsla Silver’s drilling efforts throughout
2024, targeting the Copala and Napoleon areas, has significantly increased resource confidence with
measured and indicated resources now totaling an impressive 222.4 Moz AgEq at an average grade of 534
g/t AgEq. This marks a 43% increase in contained ounces and a 4.5% increase in average grade from their
previous mineral resource estimate. Notably, Vizsla Silver announced its first-ever measured resource see & read more on
https://vizslaroyalties.com/pdf/VROY-Vizsla-Silver-announces-MRE-Update-FINAL.pdf