Vizsla Copper Announces Board Approval of 2026 Budget and Exploration Program for the Palmer Project
Vizsla Copper Announces Board Approval of
2026 Budget and Exploration Program for the
Palmer Project
VANCOUVER, BC
,
April 1, 2026
/CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF)
(FRANKFURT: 97E0) ("
Vizsla Copper
" or the "
Company
") is pleased to announce that its Board of
Directors has approved the 2026 exploration and development budget for the Palmer VMS Project in
Southeast Alaska.
The approved 2026 program outlines a comprehensive exploration, technical, and project
progression strategy designed to advance the Palmer Project toward economic evaluation while
continuing to expand its critical minerals resource base.
2026 Program Highlights
Total approved budget: US$13.7 million (C$19.2 million)
Diamond drilling: ~10,000 meters (~32,800 feet) utilizing two drill rigs targeting areas for high
grade expansion and high potential for a new discovery
Expanded technical studies: mineral resource refinement including integration of barite, critical
trade-off studies, and advanced 3D geological modelling
Geophysics: compilation and reprocessing of historical datasets and new survey acquisition to
refine exploration for new mineralization
Project development: continued environmental baseline collection, preparation of camp and
support facilities for expanded drilling and assessment programs in 2027
Craig Parry, Executive Chairman and CEO, commented:
"The approval of the 2026 budget marks an important step forward in advancing the Palmer
VMS Project. This program is designed to both grow the resource base and continue de-
risking the project through a disciplined technical approach. With strong financial backing and
a clear execution plan, we believe Palmer is well positioned to deliver meaningful results in
2026."
Peter Mercer, Senior Vice President, Alaska, added:
"The 2026 program reflects a balanced approach between exploration, technical
advancement, and development readiness. With drilling, geophysics, and engineering work
progressing in parallel, we are building the dataset required to move Palmer toward
economic evaluation while continuing to unlock the potential of this critical mineral project."
The Palmer Project: Strategic Objectives for 2026
The Palmer Project is a high-grade, polymetallic volcanogenic massive sulphide (VMS) project
located in Southeast Alaska. The project hosts an updated mineral resource estimate
1
and
numerous underexplored targets distributed along more than 15 kilometers of prospective
stratigraphy, the project represents a district-scale opportunity with proven mineral endowment and
significant potential for resource expansion and new discoveries.
The 2026 program is designed to execute on three integrated priorities - resource growth,
discovery, and advancement toward development through a coordinated exploration and technical
work program.
At the core of the program is a 10,000 meter (~32,800 feet) diamond drilling campaign utilizing two
drill rigs from June to September 2026. Drilling will focus on expanding high-grade copper-zinc
mineralization at the Palmer Deposit South Wall Zone, testing high-grade priority extensions, and
advancing multiple high-potential regional targets.
A key focus of the 2026 program will be the continued delineation and expansion of Zone 1, where a
high-grade copper-rich core was identified during the 2023 and 2024 drilling campaigns. Highlight
intercepts include 23.9 meters grading 11.2% copper equivalent (28.0% zinc equivalent) in hole
CMR23-171 and 43.8 meters grading 8.2% copper equivalent (20.6% zinc equivalent) in hole
CMR23-172
2
, confirming the presence of a high-grade mineralized core. This year's drilling program
is designed to systematically step out along strike to expand this core, while refining the geological
and structural model and controls on mineralization.
The 2026 drill program is supported by a significantly upgraded targeting framework developed
through the integration of geological, geochemical, geophysical, and remote sensing datasets into a
unified 3D model. Recent work has refined priority conductive corridors in several prospective target
areas across the property, providing a strong pipeline of drill-ready opportunities and enhancing the
probability of success across the district.
In parallel with drilling, the Company will advance a suite of technical programs aimed at
strengthening the Palmer Project's development pathway. This includes reprocessing and acquisition
of geophysical data to further refine targets, continued geological modelling, and targeted surface
exploration programs focused on ranking and advancing underexplored prospects. Work is currently
underway to incorporate barite into future mineral resource estimates and to evaluate additional
critical minerals across the system, supporting the Project's positioning as a multi-commodity critical
minerals asset.
The 2026 program also includes engineering and environmental baseline work to support future
economic studies. Camp upgrades and operational improvements are being implemented to support
current activities and position the project for larger future programs.
Figure 1: Target Areas for 2026 Diamond Drilling and Exploration Program. (CNW Group/Vizsla
Copper Corp.)
Aligned with U.S. Critical Minerals Strategy
The Palmer Project hosts copper, zinc, gold, silver, and barite mineralization, all recognized as
strategic and critical to U.S. domestic supply chains, including energy transition technologies,
infrastructure, and defense applications.
Located in Southeast Alaska, Palmer benefits from a stable regulatory environment, existing
infrastructure access, and proximity to tidewater, positioning the project as a potential contributor to
secure, domestic sources of critical minerals.
The 2026 program is designed to advance both the scale and confidence of the resource while
progressing the technical work required to support future development decisions. This approach
aligns with broader U.S. policy objectives focused on strengthening domestic mineral supply chains
and reducing reliance on foreign sources of critical materials.
Commitment to Responsible Development
Vizsla Copper recognizes that the Palmer Project is located within a region of significant ecological,
cultural, and community importance. Vizsla's approach to project development will be guided by a
commitment to listen, learn, and understand all community perspectives while operating within all
State and Federal regulatory framework. Our approach is guided by the same Alaskan solution that
shaped the original Chilkat Valley consensus: collaboration, transparency, and respect for multiple
land uses.
About Vizsla Copper
Vizsla Copper is a critical-minerals focused exploration and development company headquartered in
Vancouver, Canada. The Company is primarily focused on its Palmer VMS project in Southeast
Alaska, and its Poplar and Woodjam porphyry-related projects in British Columbia.
All of the Company's projects are well situated amongst significant infrastructure. The Company's
growth strategy is focused on the exploration and development of the properties within its portfolio in
addition to value-accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer
and developer in stable mining jurisdictions, and it is committed to socially responsible exploration
and development, working safely, ethically, and with integrity.
Vizsla Copper 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 and National Instrument 43-101 Disclosure
The Company's disclosure of technical or scientific information in this press release has been
reviewed and approved by Peter Mercer, P.Geo., Senior Vice President for Vizsla Copper. Mr.
Mercer is a Qualified Person as defined under the terms of National Instrument 43-101.
References
1
.
SRK - Parsons, B. and Kelloff, K. (2025). NI 43-101 Technical Report, Mineral Resource
Estimate, Palmer Project, Alaska, USA. Report prepared for Constantine Metal Resources Ltd.
by SRK Consulting (U.S.), Inc. Effective Date: January 13, 2025
2
.
American Pacific Mining Corp. press release dated January 10, 2024.
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 Company's exploration plans.
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 08:49e 01-APR-26