VANCOUVER, BC, Oct. 8, 2024 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (FRANKFURT: 97E0) ("Vizsla Copper" or the "Company") is pleased to report results from a soil geochemical survey at its Poplar South target area on the Poplar project (the "Poplar Project" or "Poplar") in central BC (Figure 1). The Poplar project is also home to the porphyry-related Poplar copper and gold deposit.
HIGHLIGHTS
"The Poplar South target area is one of the most compelling copper exploration targets I've ever come across," commented Craig Parry, Executive Chairman. "With the current high (and rising) copper prices, this is the right time to be adding Poplar South to our portfolio of highly prospective drill-ready targets."
"At Poplar South we're seeing anomalies from many datasets overlapping in one place," commented Steve Blower, Vice President of Exploration. "Alteration mapping, airborne geophysical surveys, historical drilling results plus the new soil geochemistry results all point to one large, discrete target area at Poplar South. An IP geophysical survey is underway and represents the final piece of the puzzle to refine the drilling plan."
The Soil Survey
The Poplar South target area is characterized by a broad, approximately 8 by 2 kilometer zone of quartz, sericite and pyrite (phyllic) alteration observed along local road-cuts and sparse outcrop at higher elevations on ridge tops (Figure 2, see News Release dated August 12, 2024). Zones of strong epidote-chlorite-magnetite alteration locally crop out near the valley bottom, proximal to the strongest geochemical and geophysical anomalies. Recently completed airborne geophysical surveys, including MobileMT in 20231 and high-resolution magnetics in 2024, suggest the possible presence of porphyry-related mineralization concealed by glacial tills within the broad alteration zone. Historical shallow and sparse drilling in 1995 near the highest priority area intersected 67.1 meters of 0.18% copper (drill hole 95-5, Figure 2)2. The percussion drill hole reportedly intersected potassically altered intrusive rocks with quartz veining, pyrite, chalcopyrite and molybdenite mineralization throughout its length, interpreted to represent mineralization proximal to a previously unknown porphyry center.
The new soil geochemical results reported herein further demonstrate the strong prospectivity of the Poplar South target area as shown by the strong coincident soil geochemical responses of copper, molybdenum and silver over the main area of interest (Figures 3, 4 and 5). The main copper-in-soil anomaly (Figure 3) is approximately 1,200 meter long by 800 meter wide and contains values up to 1,200 ppm (0.12%) copper.
A total of 1,370 B-horizon soil samples were collected this summer over a 4.6 kilometer long portion of the alteration zone. Samples were collected at 50 meter intervals along survey lines spaced 200 meter apart.
The Project
The 44,200 hectare Poplar project in central BC covers Mesozoic aged arc-related volcanic, sedimentary and intrusive rocks considered prospective for porphyry-related copper and gold mineralization. In addition to the Poplar South target area, the project also hosts the Poplar deposit, a near-surface porphyry-related copper and gold deposit, which contains close to 2 billion pounds of copper and 750,000 ounces of gold3 (indicated and inferred mineral resources, Table 1).
The Next Steps
The Company is currently completing an IP geophysical survey across most of the Poplar South target area. The survey is designed to detect and characterize sulphide mineralization commonly present in porphyry-related mineral systems. Results from the IP survey will be used to further refine a core drilling program planned for the first half of 2025. The IP results will be reported once the survey is complete and the data are interpreted.
Table 1 – Historical Mineral Resource Estimate for the Poplar Deposit3
Class |
Tonnes (Mt) |
Grade |
Metal |
||||
Cu (%) |
Au (g/t) |
Ag (g/t) |
Cu (Mlbs) |
Au (Koz) |
Ag (Koz) |
||
Indicated |
152.3 |
0.32 |
0.09 |
2.58 |
1,091 |
430 |
12,640 |
Inferred |
139.3 |
0.29 |
0.07 |
4.95 |
903 |
320 |
22,180 |
Notes: |
|
*Above a cutoff of 0.2% Cu |
|
** source – see Reference 3 below |
Figure 1 – Poplar Project
Figure 2 – Poplar South Target Area
Figure 3 – Copper in B-Horizon Soils at Poplar South
Figure 4 – Molybdenum in B-Horizon Soils at Poplar South
Figure 5 – Silver in B-Horizon Soils at Poplar South
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 Christopher Leslie, Ph.D., P.Geo., Technical Advisor for Vizsla Copper. Mr. Leslie is a Qualified Person as defined under the terms of National Instrument 43-101. The historical Poplar mineral resource is considered relevant, as it was recently prepared for Universal Copper in 2021 using practices that are generally standard in the industry3. It was created with ordinary kriging of composited grades into a 3D block model. An independent qualified person has not done sufficient work to classify the Poplar historical estimate as a current mineral resource for Vizsla Copper Corp. and therefore, the issuer is not treating the historical estimate as a current mineral resource.
References
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 Poplar Project, 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.
Contact Information: For more information and to sign-up to the mailing list, please contact: Craig Parry, Executive Chairman, Chief Executive Officer, Tel: (604) 364-2215 | Email: [email protected]
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