Fifth Drill Rig At The Panuco Silver-Gold Project

VANCOUVER, BC - Vizsla Resources Corp. reported that a fifth drill rig has arrived at the Panuco silver-gold project in Sinaloa, Mexico,  and will be initially targeting the Tajitos discovery on the Cinco Senores vein corridor at the Project. The Company has now completed a total of 16,700 meters of drilling at Panuco  as of October 7th, 2020.  The Company intends to complete 31,300 meters of diamond drilling across three main vein corridors including Napoleon, Cordon del Oro and Animas. The district remains vastly underexplored, as evidenced by the multiple high-grade discoveries over the last 6 months.

CEO Michael Konnert, said, "As our team continues to deliver drill results at the Panuco silver-gold project, we have decided to add an additional rig within the existing budget.  This rig, the fifth at site, will be provided by a second contractor, Bysla Drilling, in addition to the four operated by Maza Drilling.  The new rig will follow-up the previously announced Tajitos discovery as the existing rigs are fully occupied on their present targets. Vizsla's goal in the coming months is to expand the extent of high-grade mineralization drilled at the Project and to find new high-grade discoveries across the underexplored region."

A total of four holes have been completed by Vizsla to date into the Tajitos vein, located 900 meters southeast of the first Napoleon discovery with results from the first three holes reported.  The Tajitos vein appears to have seen significant historical mine development but had never previously been drilled. The Tajitos vein is a northeast trending vein on the Cinco Senores Vein Corridor.  The vein has been sampled over 360 meters of strike with consistent mineralization and additional drilling will step out along strike and at depth from the initial intercepts.

The Tajitos vein zone is composed of a quartz breccia vein with an early white locally banded quartz supporting andesite lithic clasts, followed by a later white to grayish quartz supporting brecciated clasts of earlier white quartz veins.  This zone was then cut by a later white to clear quartz vein with local dark bands or patches of fine-grained sulphides that is cutting a zone of quartz psuedomorphs after bladed calcite and pink rhodochrosite.  The better grades are in the earlier breccias associated with dark bands or dark patches of very fine-grained disseminated sulphides.  This vein zone is hosted in a package of andesite flows and tuffs that is variably magnetic.