Vizsla Copper Identifies a Broad IP Chargeability Anomaly at the Great Plains Target Area, Woodjam Project
VIZSLA COPPER IDENTIFIES A BROAD IP
CHARGEABILITY ANOMALY AT THE GREAT
PLAINS TARGET AREA, WOODJAM PROJECT
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 1 – Woodjam Project (CNW Group/Vizsla Copper Corp.)
Figure 2 – Great Plains DCIP 3D Inversion with compiled historic DCIP data
2
Figure 2 – Great Plains DCIP 3D Inversion with compiled historic DCIP data2 (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.
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
1
.
Summarized in: Lomas, S. (2022), NI43-101 Technical Report for the Woodjam Property
Horsefly, British Columbia
, Canada,
https://sedarplus.ca
2
.
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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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 30-OCT-24