Vizsla Silver (VZLA) Share Price Climbs 1.02% as High-Grade Drilling Boosts Panuco Project Outlook

The share price of Vizsla Silver (VZLA) climbed to its highest level so far this month, surging 3.75% intraday before closing 1.02% higher. The rally reflects investor optimism over the company’s advancing Panuco silver-gold project in Sinaloa, Mexico, driven by high-grade geotechnical drilling results and resource upgrades.

Vizsla reported exceptional silver and gold intercepts from 11 drill holes at the Copala resource area, including 1,800 g/t silver equivalent over 3.80 meters true width and 840 g/t AgEq over 6.50 mTW. These results, part of a 29-hole campaign completed between May and August 2025, validate the continuity of the high-grade structure. Measured and indicated resources at Copala now total 124.2 million ounces AgEq at an average grade of 636 g/t. The company plans underground infill drilling in 2026 to further upgrade resources, reducing exploration risk and supporting initial mine production phases.

The November 2025 feasibility study underscores Panuco’s economic potential, projecting 17.4 million ounces AgEq annually over a 9.4-year mine life, with a $1.8 billion after-tax NPV at 5% discount. Strong financial metrics—111% IRR and 7-month payback—position the project as a high-margin opportunity. Vizsla’s dual-track strategy, balancing near-term development with district-scale exploration, aligns with favorable silver and gold prices. Located in Sinaloa, the project benefits from established infrastructure and community collaboration, further enhancing operational viability. The aggressive drilling program and robust technical controls, including ISO-certified lab analyses, reinforce confidence in the resource model and de-risking efforts.