Canada NewsWire
VANCOUVER, BC , Nov. 2, 2023 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) ( FRANKFURT : 97E0) (" Vizsla Copper " or the " Company ") is pleased to report the results of airborne geophysical surveying at its 100% owned Copperview Project (the " Copperview Project " or " Copperview ") in south-central BC. The Project is prospective for copper-gold porphyry-related mineralization.
HIGHLIGHTS
- 997 line-km of helicopter-borne, high-definition magnetic surveying was completed at Copperview
- N-S magnetic trends extend onto the glacial till covered Copperview Project from Kodiak Copper Corp.'s (Kodiak) nearby MPD Project
- Breaks or disruptions in the N-S trends are high priority exploration target areas
"This high quality airborne magnetic dataset provides excellent detail to aid our interpretation of the geology beneath the glacial till cover at Copperview," commented Steve Blower , Vice President of Exploration . "Several 'breaks' in the north-south magnetic trends are particularly prospective, as similar features have proven to be mineralized nearby. A good example is Kodiak Copper Corp.'s Gate Zone, less than 4km to the south of Copperview."
A total of 997 line-km of helicopter-borne magnetic geophysical surveying was recently completed at Copperview by Precision GeoSurveys Inc. The survey consisted of east-west oriented grid lines spaced 100m apart, and the survey area is shown in Figure 1. Nominal survey height was 50m above ground level.
A clear pattern of north-south oriented linear magnetic highs is present in the survey results, with the most pronounced trend extending from Kodiak's MPD property to the south. Mineralization at MPD, including the recently discovered Gate Zone, is often spatially associated with this north-south magnetic high trend, particularly where the trend is disrupted. Several disruptive features along similar magnetic high trends are present in the new Copperview data and are shown on Figure 2. Discovered by Kodiak Copper in 2019, drilling at the Gate zone has outlined a large 350m x 1km x 900m zone of copper-gold porphyry-related mineralization. The best drill intersection to date is 535.1m @ 0.49% Cu, 0.29 g/t Au from 201.9m in drill hole MPD-20-041. The Copperview Project claim block is interpreted to be underlain by eastern facies Upper Triassic Nicola volcanics with local coeval intrusions – similar to MPD, and the Copper Mountain and New Afton mines.
Direct Current Induced Polarization (DCIP) will be completed on the ground over airborne target areas in 2024, ahead of core drilling programs. DCIP surveying will highlight areas that are chargeable due to the likely presence of sulphide mineralization in the bedrock. Coincident DCIP, magnetic and AFMAG anomalies will be high-priority drill targets in future programs.
Figure 1 – Copperview Property Map
Figure 2 – Copperview Magnetic Target Areas
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 four additional copper exploration properties; Copperview, Redgold, Blueberry and Carruthers Pass , 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 is committed to socially responsible exploration and development, working safely, ethically and with integrity.
Vizsla Copper is a spin-out of Vizsla Silver Corp. (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 ).
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: the exploration and development of the Company's projects, including Woodjam; the release of exploration results; and the Company's growth and business strategies.
Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of the Company, future growth potential for the Company and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; no escalation in the severity of public health crises; costs of exploration and development; the estimated costs of development of exploration projects; the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; the ongoing military conflict in Ukraine ; general economic facts; and the factors identified under the caption "Risk Factors" in the Company's management discussion and analysis and other public disclosure documents.
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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