Canada NewsWire
VANCOUVER, BC , Oct. 30, 2024 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) ( FRANKFURT : 97E0) (" Vizsla Copper " or the " Company ") is pleased to report results from a direct current induced polarization (DCIP) survey within the Great Plains target area at the Woodjam project (the " Project " or " Woodjam ") in central BC (Figure 1). The Woodjam project is home to the large porphyry-related Southeast copper and gold deposit, plus several other porphyry-related deposits and zones.
HIGHLIGHTS
- Strong DCIP chargeability-high anomaly outlined in the Great Plains target area
- Area is inferred to be geologically analogous to the nearby Southeast deposit
- Thin veneer of glacial till may have hidden mineralization from previous operators
" Part of our rationale for acquiring the Woodjam property was the prospectivity away from known mineralization, " commented Craig Parry , Executive Chairman. " The Great Plains target area is a perfect example of this. It has the right geology and plenty of room for discoveries with scale. "
"These DCIP results are compelling," commented Steve Blower , Vice President of Exploration . "We know that Woodjam porphyry-related mineralization responds well to DCIP surveying, so a large and strong chargeability anomaly in a previously unexplored area inferred to have similar geology as the large Southeast deposit is exciting."
The DCIP Survey
The 2024 Great Plains reconnaissance DCIP surveying consisted of 17 line-kms across 6 survey lines, extending existing IP coverage 2 at Woodjam 3 km to the south (Figure 1). The survey was designed to detect and characterize sulphide mineralization at Great Plains, which is commonly present in porphyry-related mineral systems.
The Great Plains target area is interpreted to be underlain by similar geology as the Southeast deposit, located approximately 4 km to the north. Southeast has a historical inferred mineral resource estimate of 221.7 million tonnes grading 0.31% copper and 0.05 g/t gold 1 . Mineralization at Southeast is hosted near the western margin of the ~200 million year old, district-scale Takomkane batholith. Based on existing geophysical data, this prospective contact is interpreted to continue along strike across the Woodjam Project to the south for at least nine kilometres. This broad corridor of prospective geology, known as the Great Plains target area, is essentially unexplored due to a ubiquitous thin veneer of glacial till that conceals the bedrock.
The DCIP survey successfully identified a broad (at least 2km x 2km) chargeability-high anomaly (Figure 2). The size and intensity of the anomaly is similar to other anomalies associated with known porphyry-related copper and gold systems at Woodjam, including the Southeast deposit.
The Next Steps
Results from this survey demonstrate the strong prospectivity of the Great Plains area for Southeast-style, porphyry-related copper and gold mineralization. The Great Plains target area has therefore risen dramatically in target rankings across the Woodjam project. Follow-up ground work may include soil and till geochemical surveys, plus infill DCIP surveying ahead of potential drill testing in 2025.
Figure 1 – Woodjam Project
Figure 2 – Great Plains DCIP 3D Inversion with compiled historic DCIP data 2
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 Southeast deposit mineral resource is considered relevant, as it was prepared using practices that are generally standard in the industry. It was created with geostatistical methods to interpolate composited grades into a 3D block model. An independent qualified person has not done sufficient work to classify the Southeast deposit 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.
Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The technical information has not been verified by Viszla Copper and may in some instances be unverifiable.
References
- Summarized in: Lomas, S. (2022), NI43-101 Technical Report for the Woodjam Property Horsefly, British Columbia , Canada, https://sedarplus.ca
- Summarized in: Laird, B.L. (2017), Assessment Report 2016 Activities on the Woodjam and Megaton Properties, Cariboo Mining Division, Assessment Report Indexing System, Report 36261, https://apps.nrs.gov.bc.ca/pub/aris
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.
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