Vancouver, British Columbia, August 12, 2024 – Vizsla Copper Corp. (TSXV: VCU, OTCQB: VCUFF, FRANKFURT: 97E0) (“Vizsla Copper” or the “Company”) is pleased to provide an update on targeting activities 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 large Poplar porphyry-related copper and gold deposit.
HIGHLIGHTS
- Recent Site Visit Identified a Large and Strong Alteration Zone
- Exploration Programs Have Begun
“Having recently visited the Poplar South target area with our exploration team, I’m excited about the potential for discovery of a new porphyry-related deposit there,” commented Craig Parry, Executive Chairman. “The acquisition of this asset through our friendly takeover of Universal Copper earlier this year is already paying dividends.”
“The scale and intensity of alteration in the Poplar South area is impressive and undeniable,” commented Steve Blower, Vice President of Exploration. “We’ve therefore accelerated our exploration plans for the area. Soil geochemistry surveying is ongoing. A ground geophysical survey will be starting shortly and drilling will follow in 2025.”
The Target Area
The Poplar South target area is characterized by a large zone of quartz, sericite and pyrite (phyllic) alteration interpreted to be at least 8km long and 2km wide (Figure 2). The northeast-trending zone contains at least four previously recognized copper occurrences, a large copper-in-soil anomaly with a sharp termination at the up-ice end, and recessive topography likely related to glacial scouring of the alteration zone. New airborne geophysical survey results including MobileMT (2023) and high resolution magnetic (2024) surveys indicate the possible presence of a porphyry center hidden by glacial tills within the alteration zone. Historical drilling near the highest priority area intersected 67.1m @ 0.18% Cu in a percussion drill hole completed in 1995. The drill hole intersected a potassically altered granitic intrusion with quartz veining, pyrite and chalcopyrite mineralization throughout its length, and may have intersected copper mineralization on the flank of a previously unknown porphyry center.
The Project
The Poplar project covers a large area (44,200ha) in central BC that is prospective for porphyry related copper and gold mineralization. In addition to the Poplar South exploration target area, the project is host to the large Poplar deposit, a near-surface porphyry related copper and gold deposit containing almost 2 billion pounds of copper and 750,000 ounces of gold. The historical mineral resource estimate for the Poplar deposit is summarized in Table 1.
The Next Steps
The Company is currently undertaking a detailed soil geochemistry survey over the bulk of the Poplar South target area. It is also planning to complete a Direct Current Induced Polarization (DCIP) ground geophysical survey ahead of a drilling program planned for 2025.
Table 1 – Historical Mineral Resource Estimate for the Poplar Deposit
|
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: Universal Copper Technical Report, September 2, 2021
Figure 1 – Poplar Project
Figure 2 – Poplar South Target Area
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. The historical Poplar mineral resource is relevant, as it was prepared for Universal Copper recently (2021), using practices that are generally standard in the industry. 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, the issuer is not treating the historical estimate as a current mineral resource.
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: info@vizslacopper.com
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.
