07:19 AM EDT, 10/01/2024 (MT Newswires) -- Vizsla Silver ( VZLA ) was at last look up 2% on Tuesday reported drilling results from 11 new drill holes targeting the Copala resource area of the Panuco silver-gold project in Mexico that expanded near-surface mineralization in the area.

According to a statement, the reported drill results are from the recently completed infill program, designed to upgrade and expand Mineral Resources within areas designated for initial production at Copala.

Highlights of the results include CS-24-393 returning 4,573 grams per tonne (g/t) silver equivalent over 5.65 meters, and CS-24-390 returning 3,368 g/t silver equivalent over 5.8 meters, and CS-24-389 returning 5,224 g/t silver equivalent over 2.3 meters.

"It is very rare for an infill program to add such a significant amount of new mineralization, particularly at higher-than-average grades," said Michael Konnert, president and CEO of Vizsla. "Additionally, the discovery of a historic mine adit at Copala combined with new 3D interpretations based on updated drill data, highlights the potential for additional near surface resources outboard of both the current PEA mine plan and MRE boundary. With the infill program now complete, we are looking forward to mobilizing our drill rigs to the eastern portion of the district to begin discovery-based drilling on several high-priority targets."

Vizsla's share price lost 3.7% to $2.59 on the TSX, Monday.