Vizsla Copper Corp. to Commence Trading ON TSX Venture Exchange
FOR IMMEDIATE RELEASE September 28, 2021
VIZSLA COPPER CORP. TO COMMENCE
TRADING ON TSX VENTURE EXCHANGE
Vancouver, British Columbia, September 28, 2021 – Vizsla Copper Corp. (TSXV: VCU) (“Vizsla Copper”
or the “Company”) announces that its common shares will commence trading on the TSX Venture Exchange
(“TSXV”) under the ticker symbol “VCU” as of market open on September 30, 2021. The Company recently
completed its Plan of Arrangement spin-out from Vizsla Silver Corp. and closed an approximately $5 million
non-brokered private placement of common shares.
Vizsla Copper is a new copper exploration company focused on the Blueberry and Carruthers Pass properties,
both of which are located in British Columbia.
Chris Donaldson, Chief Executive Officer of the Company stated: “We are very pleased to achieve this
milestone. Our team has been working hard to get the Company to this point and are excited to start trading.
Vizsla Copper’s initial focus will be to advance the highly prospective Blueberry and Carruthers Pass copper
properties.”
Blueberry Project
Vizsla Copper owns a 100% interest in the Blueberry property, which is located ~60 kilometres southwest of
the town of Houston, British Columbia and falls within the jurisdiction of the Omineca Mining Division. The
Blueberry property consists of 23 contiguous claims totaling 20,265 hectares. The property lies in the Stikinia
Terrane and on the Skeena Arch north of the Nechako Basin. The Skeena Arch transects central British
Columbia and represents a long-lived magmatic arc that has produced a diverse range of mineral deposits in
a wide variety of geologic settings. It is some of the most richly endowed terrain in British Columbia and has
been the site of mineral exploration since the late 19th century.
The type of deposit most likely to be located on the property is a porphyry copper system. Plutonic suite rocks
of the type associated with the porphyry-style Berg Deposit, Huckleberry Mine (39 km away) and Ox Lake
mineral occurrence, crop out to a limited extent in the south of the property.
In 2018 a stream sediment sampling survey and prospecting program was conducted over the extent of the
Blueberry Project. This 2018 stream sediment program identified nine target areas based on anomalous copper
and gold assays, and two of these targets were studied in a 2019 soil sampling survey, with a total of 450 soil
samples and 19 rock samples being taken. Of the 450 soil sediments samples taken in 2019,
• 2 samples assayed over 50 ppm Cu,
• 28 samples assayed between over 50-100 ppm Cu, and
• 275 samples assayed between over 10-25 ppm Cu
The author of the Blueberry Technical Report is of the opinion that the 2018 stream sediment program and
the 2019 soil and rock sampling program warrant follow-up exploration and has recommended a two-phase
work program.
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Vizsla Copper intends to commence Phase 1 of the proposed work program before the end of 2021.
Carruthers Pass Project
On February 17, 2021 Vizsla Copper entered into an option agreement with Cariboo Rose Resources Ltd., the
100% owner of the Carruthers Pass property. Under the terms of this agreement, Vizsla Copper may acquire
an up to 60% interest in the Carruthers Pass property by incurring a total of at least $3,000,000 in expenditures
over five years and making cash payments totaling $400,000 and issuing shares to Cariboo Rose with a value
of $250,000, in each case over a five year period.
The Carruthers Pass property consists of eight contiguous mineral claims covering 3,250 hectares
approximately 200 kilometers northeast of the community of Smithers. The Carruthers Pass property covers
an isolated group of topographically high peaks and the lower area surrounding the range.
The Carruthers Pass property is situated on the eastern margin of the Stikine Terrane of north central British
Columbia. This terrane is dominated by Triassic (Takla Group) and lesser late-Palaeozoic (Asitka Group)
island arc volcanic strata and related sub-volcanic intrusions that form a broad north-westerly trending belt
along the center of the province from southern British Columbia to the southwestern Yukon Territory. A
massive sulphide boulder composed of pyrite, pyrrhotite, chalcopyrite and sphalerite has been observed on
the property (a several tonne rock protruding from talus), and it typifies the main target of exploration at
Carruthers Pass. Moderate to highly anomalous concentrations of copper, zinc, gold and silver have been
returned from sampling the massive sulphide boulder.
No exploration work has been conducted at Carruthers Pass since 2011.
The author of the Carruthers Pass Technical Report recommends that further exploration for volcanic hosted
massive sulphide style mineralization be conducted at Carruthers Pass. The author recommends a Phase 1
program consisting of geological, geochemical and geophysical assessment of specific target areas on the
Carruthers Pass property. Given favourable results from the Phase 1 exploration program, additional diamond
drilling is warranted to follow up on positive results returned from previous exploration campaigns.
Vizsla Copper intends to commence Phase 1 of the proposed work program before the end of 2021.
Further details regarding Vizsla Copper, including on the Blueberry property and Carruthers Pass property
(including the option agreement with Cariboo Rose), are contained in Vizsla Copper’s TSXV Form 2B Listing
Application, which is available under Vizsla Copper’s profile on SEDAR at www.sedar.com.
About Vizsla Copper
Vizsla Copper is a junior mineral exploration company focused on its interests in British Columbia copper
properties, the Blueberry project and the Carruthers Pass project. The Company intends to commence Phase
1 work programs at both projects before the end of 2021.
Data Verification
Blueberry Technical Report
Technical information on the Blueberry property disclosed in this release is from the technical report entitled,
“Revised Independent NI 43-101 Technical Report on the Blueberry Project” with an effective date of March
4, 2021.
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Carruthers Pass Technical Report
Technical information on the Carruthers Pass property disclosed in this release is from the technical report
entitled, “Summary Report on the Carruthers Pass Property Omineca Mining Division, British Columbia, With
Recommendations for Further Exploration”, dated April 12, 2021.
Both the Blueberry Technical Report and Carruthers Pass Technical Report contain additional information on
the interpretation of exploration information, analytical procedures and quality assurance and quality control
programs, and they are available on SEDAR under Vizsla Copper’s profile.
Qualified Person
The Company’s disclosure of technical or scientific information in this press release has been reviewed and
approved by Keith Bodnarchuk, P.Geo., Corporate Development Manager for Vizsla Copper. Mr. Bodnarchuk
is a Qualified Person as defined under the terms of National Instrument 43-101.
Contact Information: For more information and to sign-up to the mailing list, please contact:
Chris Donaldson, Chief Executive Officer and Director
Tel: (604) 813-3931 | Email: [email protected]
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
This news release contains forward-looking statements or forward-looking information relating to the future operations of the
Company and other statements that are not historical facts. Forward-looking statements in this news release include, but are not limited
to, the Company’s expectation of commencing Phase 1 work programs at the Blueberry property and Carruthers Pass property in
2021.
Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light
of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be
incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable.
Assumptions have been made regarding, among other things: the Company’s ability to carry on exploration and development
activities; the timely receipt of required approvals; the price of copper and other metals; and the Company’s ability to obtain financing
as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and
assumptions which may have been used.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to
be materially different from those expressed or implied by such forward-looking statements. Such risks, uncertainties and other
factors include but are not limited to: the Company’s early stage of development and lack of history as a stand-alone entity; risks
related to the COVID-19 pandemic; the fluctuation of the price of copper and other metals; the availability of additional funding as
and when required; the speculative nature of mineral exploration and development; the timing and ability to maintain and, where
necessary, obtain necessary permits and licenses; the uncertainty in geologic, hydrological, metallurgical and geotechnical studies
and opinions; infrastructure risks, including access to water and power; environmental risks and hazards; risks associated wi th
negative operating cash flow; and risks associated with dilution. For a further discussion of risks relevant to the Company, see the
Company’s Listing Application available on SEDAR under the heading “Item 21: Risk Factors”.
Although management has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
There is no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company does not undertake to update any forward-looking statements, except as, and to the extent
required by, applicable securities laws.