# Vizsla Silver Corp.: Exhibit 99.1 - Filed by newsfilecorp.com Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/vizsla-silver-corp-exhibit-99-1-filed-by-newsfilecorp-com--345b4e76-acc6-4888-a8d6-803a111c50c0 Original source: https://www.sec.gov/Archives/edgar/data/1796073/000106299324020653/exhibit99-1.htm Publisher: research Original announcement: Unknown date Analysis by Minestarters Atlas Atlas analysis published: 2026-11-03T10:48:33.853Z Atlas analysis updated: 2026-11-03T10:48:33.853Z - Company: Vizsla Silver Corp. - Ticker: VZLA - Exchange: TSX - Region: Sinaloa, Mexico - Primary commodity: Silver - Secondary commodities: Gold, Lead, Zinc - Document categories: Other, Drill results, Resource update - Extracted: 2026-11-03 10:48:33 UTC Narrative sentiment: 0.28 · Bullish ## Minestarters Atlas summary Vizsla Silver announced the start of its fully funded and fully permitted test mining and bulk sample program at the Panuco silver-gold project in Sinaloa, Mexico. The release also says the company is continuing a 10,000 metre discovery drill campaign and has awarded a ground HLEM survey contract. Historical resource and study figures are mentioned for context, but no new assays or updated resource numbers are disclosed. Reasoning: The dominant current event is the start of test mining and bulk sampling, with exploration and historical resource context secondary. The announcement is operationally positive and de-risking, but it contains no new assays or new resource numbers. - Positive factor: Commencement of a fully funded and fully permitted test mining and bulk sample program at Panuco. - Positive factor: Program is intended to reconcile geotechnical conditions and resource models ahead of full-scale development. - Positive factor: Exploration update includes a 10,000 metre discovery-based drill campaign and a ground HLEM survey. - Negative factor: No new drill assay results or resource update figures are reported in this document. - Negative factor: The resource estimate figures are historical references to a prior announcement dated January 8, 2024. - Negative factor: The feasibility study and updated mineral resource estimate are still pending. - Rubric flag: drill\_results only for current assays/intervals — This document has no new drill intercept grades or widths; keep it classified as other with operational and historical facts only. Facts used in scoring: 10 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release states ALS and SGS sample preparation/analysis procedures, ISO 9001 and ISO/IEC 17025 certification, and inserted control samples. Evidence · text > Quality Assurance / Quality Control **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: A Qualified Person is named and states they reviewed and approved the technical and scientific content. Evidence · text > Jesus Velador, Ph.D. MMSA QP **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The resource figures are explicitly referenced to a prior announcement dated January 8, 2024 rather than presented as new results. Evidence · text > On January 8, 2024, the Company announced an updated mineral resource estimate for Panuco **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The exploration update says the program is focused on locating new centres of high-grade mineralization outboard of the current PEA mine plan, but the main disclosed activity here is development/test mining rather than resource conversion drilling. Evidence · text > resource block models and geotechnical models ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/vizsla-silver-corp-exhibit-99-1-filed-by-newsfilecorp-com--345b4e76-acc6-4888-a8d6-803a111c50c0#fact-drill-facts-0) Panuco · silver Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Panuco - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: VZLA #### Classification - Sample Type: drill - Group ID: Panuco:historical-resource #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-01-08T00:00:00.000Z Reasoning: The document restates a prior indicated mineral resource in AgEq for context rather than announcing a new estimate. - Positive factor: Historical resource reference is explicitly tied to NI 43-101 disclosure and QP review. - Positive factor: The release states indicated and inferred AgEq resources for Panuco. - Negative factor: This is a restatement of a prior resource announcement dated January 8, 2024. - Negative factor: No effective date, tonnes, or grade are given here. - Negative factor: Contained metal is quoted in AgEq only, without a new estimate table in this document. #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/vizsla-silver-corp-exhibit-99-1-filed-by-newsfilecorp-com--345b4e76-acc6-4888-a8d6-803a111c50c0#fact-drill-facts-1) Panuco · silver Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Panuco - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: VZLA #### Classification - Sample Type: drill - Group ID: Panuco:historical-resource #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-01-08T00:00:00.000Z Reasoning: The document restates a prior inferred mineral resource in AgEq for context rather than announcing a new estimate. - Positive factor: Historical resource reference is explicitly tied to NI 43-101 disclosure and QP review. - Positive factor: The release states inferred AgEq resources for Panuco. - Negative factor: This is a restatement of a prior resource announcement dated January 8, 2024. - Negative factor: No effective date, tonnes, or grade are given here. - Negative factor: Contained metal is quoted in AgEq only, without a new estimate table in this document. #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/vizsla-silver-corp-exhibit-99-1-filed-by-newsfilecorp-com--345b4e76-acc6-4888-a8d6-803a111c50c0#fact-drill-facts-3) Panuco · silver Needs review: drill\_no\_hole\_id #### Identity - Project: Panuco - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: VZLA #### Geometry - Intercept: 1071 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Mining Method: underground #### Location - Location: Copala - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No Reasoning: The development metres quantify the underground program scope and support the de-risking narrative, but they are not mineral intercept results. - Positive factor: The underground scope includes approximately 1,071 meters of ramp and lateral development. - Positive factor: This supports the test mining and bulk sampling program. - Negative factor: No assay results are reported. - Negative factor: This is planned/underway development metres, not drill intercept metres. #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.