Vizsla Copper Identifies Copper-GOLD Target Areas at the Copperview Property, South-Central BC
VIZSLA COPPER IDENTIFIES COPPER-GOLD
TARGET AREAS AT THE COPPERVIEW
PROPERTY, SOUTH-CENTRAL BC
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.
Figure 1 – Copperview Property Map (CNW Group/Vizsla Copper Corp.)
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."
The Survey
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.
The Results
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.
Next Steps
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
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 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
).
Qualified Person
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.
Figure 2 – Copperview Magnetic Target Areas (CNW Group/Vizsla Copper Corp.)
SOURCE
Vizsla Copper Corp.
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CO: Vizsla Copper Corp.
CNW 08:00e 02-NOV-23