Vizsla Copper Enters into Agreement to Acquire 100% of the Rand Copper- GOLD Claims at Woodjam
VIZSLA COPPER ENTERS INTO AGREEMENT
TO ACQUIRE 100% OF THE RAND COPPER-
GOLD CLAIMS AT WOODJAM
VANCOUVER, BC
,
Jan. 8, 2025
/CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF)
(
FRANKFURT
: 97E0) ("
Vizsla Copper
" or the "
Company
") is pleased to announce that it has
entered into a purchase agreement (the "
Agreement
") with Siyata Mobile Inc. (the "
Vendor
"),
pursuant to which the Company has agreed to acquire (the "
Acquisition
") the Vendor's 49% joint
venture interest (the "
JV Interest
") in five claims within the Company's Woodjam Project that were
previously known as the Rand claims (the "
Claims
"). Upon closing, Vizsla Copper will own a 100%
interest in the Claims.
The Claims
The Claims are wholly within the outline of the greater Woodjam Project and cover a total of 1,500
hectares (Figure 1). The geology underlying the Claims consists of till covered intrusive rocks
belonging to the early Jurassic Takomkane batholith, and volcanic rocks belonging to the late
Triassic Nicola Group, both of which are host to the copper-gold porphyry-related deposits within the
Woodjam Project. Given the prospective geology, the Claims will continue to be a high priority for
upcoming exploration programs at the Woodjam Project.
Terms of the Agreement
Pursuant to the Agreement, Vizsla Copper has agreed to acquire the JV Interest in exchange for
$5,000
and 2,000,000 common shares of the Company (the "
Consideration Shares
"). The
Consideration Shares will be subject to a four-month hold period pursuant to applicable Canadian
securities laws. The Vendor has agreed to voluntary resale restrictions whereby 250,000
Consideration Shares will become free trading four months after closing and an additional 250,000
Consideration Shares will become free trading every four months thereafter. The Acquisition is
subject to standard closing conditions, including the approval of the TSX Venture Exchange.
Figure 1 – Rand Claims Location
Figure 1 – Rand Claims Location (CNW Group/Vizsla Copper Corp.)
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.
Dr. Leslie is a Qualified Person as defined under the terms of National Instrument 43-101. 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.
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: completion of the Acquisition; the exploration and development of the
Woodjam 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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For further information:
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]
CO: Vizsla Copper Corp.
CNW 08:00e 08-JAN-25