06:58 AM EDT, 08/28/2024 (MT Newswires) -- Vizsla Silver ( VZLA ) on Wednesday reported drill results from the Copala resource area at the Panuco silver-gold project in Mexico that confirmed high-grade mineral continuity where initial mining is likely to occur in the first two years of production.

Highlights of the results include 6,270 grams per tonne (g/t) silver equivalent over 6.25 meters, including 10,634 g/t silver equivalent over 3.22 meters; and 1,083 g/t silver equivalent over 10 meters, including 4,669 g/t silver equivalent over 2 meters.

"Based on these results, we have commenced an additional +5,000-meter program designed to both extend resources outboard of the current [mineral resource estimate] and to upgrade additional inferred resources at Copala," said Michael Konnert, President and CEO of Vizsla. "This additional drilling is expected to be completed in late September."

Vizsla's share price at last look lost 2% to US$2 in U.S. pre-market trading on Wednesday.