VANCOUVER, BC, Sept. 3,
2024 /CNW/ - Vizsla Copper Corp. (TSXV: VCU)
(OTCQB: VCUFF) (FRANKFURT: 97E0)
("Vizsla Copper" or the "Company") is pleased to
report the first batch of analytical results from the ongoing
summer core drilling program on the Woodjam project (the
"Woodjam Project" or "Woodjam") in central BC (Figure
1). The Woodjam project is home to several porphyry-related
copper and gold deposits, including the Southeast and Deerhorn
deposits.
HIGHLIGHTS
- Deerhorn Drill Hole (DH24-120)
- DH24-120 intersected 86.0m @
0.91 g/t Au, 0.18% Cu (1.16 g/t Aueq and 0.84% Cueq) from
191.0 to 277.0m (>0.2 g/t
Au).
- Within this broad intersection is a higher-grade interval of
68.5m @ 1.07 g/t Au, 0.18% Cu
(1.32 g/t Aueq and 0.96% Cueq) from 208.5 to 277.0m (>0.5 g/t Au).
- Drill Hole DH24-120 is the first drill hole of the summer
core drilling program
- The intersection extends higher grade
gold mineralization at Deerhorn to the south and is wide open
for further expansion in that direction
- Drilling Program has been expanded from an initially planned
8 drill holes (3,200m) to 10 drill
holes (4,000m).
"I'm pleased that our exploration team continues to execute
on our high-impact exploration targeting initiatives,"
commented Craig Parry, Executive
Chairman. "The high gold grades in the Deerhorn deposit
are compelling and may be the key to future development scenarios
at Woodjam."
"Drill hole DH24-120 is a great way to start the summer drill
program, as it extends the higher-grade gold zone to the south at
the Deerhorn deposit," commented Steve
Blower, Vice President of Exploration. "Deerhorn
expansion remains a top priority, along with evaluation of other
high impact targets at the Three Firs copper-gold zone, the Megaton
zone and the higher-grade gold portions of the Southeast
deposit."
The Drill Hole
Drill hole DH24-120 was designed to extend the high-grade
gold-copper porphyry related mineralization at the southwest
portion of the Deerhorn deposit to the south. The drill hole
was successful with the intersection of intense
quartz-chalcopyrite-magnetite stockwork and sheeted veins that
returned a broad interval of 86.0m @
0.91 g/t Au, 0.18% Cu (1.16 g/t Aueq and 0.84% Cueq) from 191.0 to
277.0m (>0.2 g/t Au). A
higher-grade portion (>0.5 g/t Au) returned 68.5m @ 1.07 g/t Au, 0.18% Cu (1.32 g/t Aueq and
0.96% Cueq) from 208.5 to 277.0m. Figures 2, 3 and 4 show plan,
section and isometric views of the intersection,
respectively. The mineralization is hosted by Upper Triassic
to Lower Jurassic Nicola volcanic rocks and coeval intrusive
bodies.
The Next Steps
The core drilling program at the Woodjam and contiguous Redgold
projects is ongoing and has been expanded to 10 drill holes
(4,000m) from an initially planned 8
drill holes (3,200m). A total
of six drill holes have been completed to date (at Deerhorn,
Southeast and Three Firs). The remaining four will be
completed at Redgold and Three Firs. Additional analytical
results will be released as they are received.
Sampling, Chain of Custody, Quality Assurance and Quality
Control
All sampling was conducted under the supervision of Vizsla's
geologists and the chain of custody from the sampling facility in
Horsefly to the sample preparation facility, ALS Laboratories in
Kamloops, BC, was continuously
monitored.
Core samples were taken as ½ core, from a minimum of
0.3 m to a maximum of 2 m core length to account for lithological or
alteration boundaries. Samples were then crushed, pulverised and
sample pulps were analysed using industry standard analytical
methods including a 4-Acid, ICP-MS multielement package (ALS code
ME-MS61) and an ICP-AES method for high-grade copper samples (ALS
code ME-OG62). Gold was analysed using a 30 g aliquot by fire assay
with an ICP-AES finish (ALS code Au-ICP21).
Certified reference material was inserted every 10th
sample. Coarse blank was inserted every 20th sample. For
approximately 2.5% of core samples, the remaining ½ core was taken
as a field duplicate. For 2.5% of core samples a preparation
duplicate is taken after coarse crushing is complete at the
laboratory.
In addition to Vizsla's QA/QC program, additional blanks,
reference materials and duplicates were inserted by ALS according
to their internal procedures. Data verification of the analytical
results included a statistical analysis of the standards and blanks
that must pass certain parameters for acceptance to ensure accurate
and verifiable results.
Figure 1 – Woodjam Project
Figure 2 – Deerhorn Drilling Plan
Figure 3 – Drill Hole DH24-120 Cross Section
Figure 4 – Deerhorn Zone Isometric View (Looking down from
the southwest)
About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and
development company headquartered in Vancouver, Canada. The Company is primarily
focused on its flagship Woodjam project, located within the
prolific Quesnel Terrane, 55 kilometers east of the community of
Williams Lake, British Columbia.
It has three additional copper properties: Poplar, Copperview, and
Redgold, all well situated amongst significant infrastructure in
British Columbia. The Company's
growth strategy is focused on the exploration and development of
its copper properties within its portfolio in addition to value
accretive acquisitions. Vizsla Copper's vision is to be a
responsible copper explorer and developer in the stable mining
jurisdiction of British Columbia,
Canada and it is committed to socially responsible
exploration and development, working safely, ethically and with
integrity.
Vizsla Copper is a spin-out of Vizsla Silver (TSX.V: VZLA)
(NYSE: VZLA) and is backed by Inventa Capital Corp., a premier
investment group founded in 2017 with the goal of discovering and
funding opportunities in the resource sector. Additional
information about the Company is available on SEDAR+
(www.sedarplus.ca) and the Company's website
(www.vizslacopper.com).
Qualified Person
The Company's disclosure of technical or scientific information
in this press release has been reviewed and approved by
Ian Borg, P.Geo., Senior Geologist
for Vizsla Copper. Mr. Borg is a Qualified Person as defined under
the terms of National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
FORWARD LOOKING STATEMENTS
The information contained herein contains "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not
limited to, statements with respect to the activities, events or
developments that the Company expects or anticipates will or may
occur in the future, including, without limitation, planned
exploration activities. Generally, but not always, forward-looking
information and statements can be identified by the use of words
such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or the negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotation thereof. Forward-looking
statements in this news release include, among others, statements
relating to: obtaining required regulator approvals for the
Copperview Acquisition and the RG Copper Acquisition; satisfying
the requirements of the Underlying Option Agreement; the
exploration and development of the Woodjam Project, Redgold Project
and Copperview Project; and the Company's growth and business
strategies.
Such forward-looking information and statements are based on
numerous assumptions, including among others, that the results of
planned exploration activities are as anticipated, the anticipated
cost of planned exploration activities, that general business and
economic conditions will not change in a material adverse manner,
that financing will be available if and when needed and on
reasonable terms, that third party contractors, equipment and
supplies and governmental and other approvals required to conduct
the Company's planned exploration activities will be available on
reasonable terms and in a timely manner. Although the assumptions
made by the Company in providing forward-looking information or
making forward-looking statements are considered reasonable by
management at the time, there can be no assurance that such
assumptions will prove to be accurate.
Forward-looking information and statements also involve known
and unknown risks and uncertainties and other factors, which may
cause actual events or results in future periods to differ
materially from any projections of future events or results
expressed or implied by such forward-looking information or
statements, including, among others: negative operating cash flow
and dependence on third party financing, uncertainty of additional
financing, no known mineral reserves or resources, the limited
operating history of the Company, the influence of a large
shareholder, aboriginal title and consultation issues, reliance on
key management and other personnel, actual results of exploration
activities being different than anticipated, changes in exploration
programs based upon results, availability of third party
contractors, availability of equipment and supplies, failure of
equipment to operate as anticipated; accidents, effects of weather
and other natural phenomena and other risks associated with the
mineral exploration industry, environmental risks, changes in laws
and regulations, community relations and delays in obtaining
governmental or other approvals.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information or implied by
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that forward-looking information and statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking statements or information. The Company undertakes
no obligation to update or reissue forward-looking information as a
result of new information or events except as required by
applicable securities laws.
SOURCE Vizsla Copper Corp.
