# Vizsla Silver Corp.: Exhibit 99.2 - Filed by newsfilecorp.com Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/vizsla-silver-corp-exhibit-99-2-filed-by-newsfilecorp-com--93561eb5-2552-4eab-abe0-b195a0d097bd Original source: https://www.sec.gov/Archives/edgar/data/1796073/000106299324003793/exhibit99-2.htm Publisher: research Original announcement: Unknown date Analysis by Minestarters Atlas Atlas analysis published: 2026-11-04T11:49:32.393Z Atlas analysis updated: 2026-11-04T11:49:32.393Z - Company: Vizsla Silver Corp. - Ticker: VZLA - Exchange: TSX - Region: British Columbia, Canada - Primary commodity: Silver - Secondary commodities: Gold - Document categories: Resource update, Other - Extracted: 2026-11-04 11:49:32 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Vizsla Silver filed an independent technical report containing an updated mineral resource estimate for its Panuco silver-gold project. The report has an effective date of September 1, 2023 and was prepared under NI 43-101 by named qualified persons. The excerpt provided does not include the actual resource tonnes, grades, or contained metal figures. Reasoning: This is a corporate filing announcing that an updated mineral resource estimate technical report has been filed for the Panuco silver-gold project. The release is substantive for resource disclosure credibility, but the excerpt provided does not include the numerical estimate table itself. - Positive factor: Independent technical report filed containing an updated mineral resource estimate - Positive factor: Prepared in accordance with NI 43-101 and reviewed by named Qualified Persons - Negative factor: The document does not disclose the resource figures, cut-off grade, tonnes, grade, or contained metal in the provided text - Negative factor: This is a filing of an already-announced update further to the January 8, 2024 news release Facts used in scoring: 2 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Technical Report "was prepared in accordance with National Instrument 43-101". Evidence · text > was prepared in accordance with National Instrument 43-101 **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: Named Qualified Persons are identified and one is stated to have reviewed and approved the release contents. Evidence · text > the independent Qualified Person for the updated mineral resource estimate is by Allan Armitage **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The company filed an independent technical report containing an updated mineral resource estimate. Evidence · text > an independent technical report containing an updated mineral resource estimate ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/vizsla-silver-corp-exhibit-99-2-filed-by-newsfilecorp-com--93561eb5-2552-4eab-abe0-b195a0d097bd#fact-resource-facts-0) Panuco · silver #### Identity - Project: Panuco - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia, Canada - Ticker: VZLA #### Resource scope - Estimate type: resource - Effective date: 2023-09-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage, Ben Eggers, Jesus Velador - Resource group id: resource:ad00f9752c22cb33048d #### Prior Estimate - Resource Date: 2023-09-01 #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No Reasoning: The document announces an updated mineral resource estimate for the Panuco silver-gold project, but the numerical estimate is not included in the provided text. - Positive factor: Updated mineral resource estimate filed in an independent technical report - Positive factor: NI 43-101 compliance and named qualified persons - Negative factor: No resource table values are disclosed in the provided text - Negative factor: This is a filing notice rather than the estimate figures themselves #### Tags used in scoring **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 **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/vizsla-silver-corp-exhibit-99-2-filed-by-newsfilecorp-com--93561eb5-2552-4eab-abe0-b195a0d097bd#fact-resource-facts-1) Panuco · gold #### Identity - Project: Panuco - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia, Canada - Ticker: VZLA #### Resource scope - Estimate type: resource - Effective date: 2023-09-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage, Ben Eggers, Jesus Velador - Resource group id: resource:ad00f9752c22cb33048d #### Prior Estimate - Resource Date: 2023-09-01 #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No Reasoning: The document announces an updated mineral resource estimate for the silver-gold project, so gold is a stated commodity of the resource update, but the numerical estimate is not provided in the excerpt. - Positive factor: Updated mineral resource estimate filed in an independent technical report - Positive factor: NI 43-101 compliance and named qualified persons - Negative factor: No resource table values are disclosed in the provided text - Negative factor: This is a filing notice rather than the estimate figures themselves #### Tags used in scoring **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 **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ## 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.