Vizsla Copper Identifies New Targets at the High-Grade Deerhorn Copper- GOLD Porphyry Deposit at the Woodjam Project
VIZSLA COPPER IDENTIFIES NEW TARGETS
AT THE HIGH-GRADE DEERHORN COPPER-
GOLD PORPHYRY DEPOSIT AT THE
WOODJAM PROJECT
VANCOUVER, BC
,
March 21, 2023
/CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTQB: VCUFF)
("
Vizsla Copper
" or the "
Company
") is pleased to report results from an interpretation of a high-
definition aeromagnetic geophysical survey recently completed at the Deerhorn copper-gold deposit
on the Company's 65,252 ha Woodjam Copper Project ("
Woodjam
"). Woodjam is prospective for
copper-gold porphyry style mineralization and is located 55 km east of
Williams Lake, BC
(Figure 1).
Highlights
Deerhorn high-grade copper-gold target:
based on a thorough review of all available
exploration data, the Deerhorn deposit area has been prioritised for follow-up drilling this
summer.
Extensions to high-grade mineralization:
drilling will target extensions of mineralization where
previous drilling intersected high-grade porphyry-related copper-gold mineralization (e.g., 123
meters of 2.49g/t Au and 0.40% Cu; DH20-071).
New high-priority targets:
new magnetic geophysical data highlights numerous untested or
poorly-tested targets in the Deerhorn area.
Project-wide ZTEM survey:
plans are underway to commence a project-wide ZTEM survey to
assist with target generation across the Woodjam project.
"The recently completed aeromagnetic survey has generated many high priority drill targets,"
commented
Steve Blower
, Vice President of Exploration.
"One of the best examples is at the
Deerhorn deposit, where recent drilling by the property's previous owners Consolidated Woodjam
Copper has intersected high-grade copper and gold mineralization.
"
DEERHORN DEPOSIT
The Deerhorn deposit is a broad zone of near-surface, high-grade copper and gold mineralization
associated with steeply dipping, cylindrical, magnetic, and porphyritic monzonite intrusions. The best
mineralization is located along structures on the flanks of the intrusion. Highlights from recent
Deerhorn drilling by the previous owners Consolidated Woodjam Copper are shown in Table 1,
below.
Table 1
–Recent Deerhorn Drilling Results
Drill hole
From (m)
To (m)
Int. (m)
Au (g/t)
Cu (%)
AuEq (g/t)
CuEq (%)
DH20-071
84.0
207.0
123.0
2.49
0.40
3.10
2.04
inc
137.0
207.0
70.0
3.84
0.58
4.73
3.10
inc
177.0
193.0
16.0
6.55
0.78
7.75
5.08
and
304.0
341.0
37.0
1.18
0.23
1.53
1.00
DH20-072
41.0
403.0
362.0
0.80
0.18
1.08
0.71
inc
103.0
241.0
138.0
1.62
0.31
2.08
1.37
inc
160.0
214.0
54.0
2.06
0.36
2.61
1.71
and
513.0
536.1
23.1
0.05
0.23
0.39
0.26
inc
513.0
523.0
10.0
0.01
0.39
0.60
0.40
DH20-074
129.0
284.0
155.0
1.24
0.22
1.57
1.03
inc
179.0
282.0
103.0
1.65
0.24
2.01
1.32
inc
179.0
224.0
45.0
1.29
0.26
1.68
1.11
inc
241.0
282.0
41.0
2.49
0.28
2.92
1.92
Note: Cueq and Aueq are calculated with prices of US$1,800/oz Au and US$4.00/lb Cu.
NEW TARGETING IDEAS AT THE DEERHORN DEPOSIT
Known zones of gold-rich porphyry copper mineralization are associated with discrete magnetic
porphyritic intrusions. These are identifiable in several magnetic products and inverted models
derived from the recently completed airborne survey. Figures 2 and 3 show the location of high-
grade copper and gold mineralization along the flank of a magnetic intrusion (warmer colours), and
they highlight the open nature of the zone to the north and south. These target areas and others
within the broader Deerhorn deposit area will be evaluated with this summer's core drilling program.
NEXT STEPS
Targets are being ranked and prioritized and will be evaluated with core drilling programs planned
for later in the year. A total of
10,000 m
of core drilling is currently envisaged, beginning in the early
summer. In addition, Geotech Ltd. has been contracted to complete an airborne Z-Axis Tipper
Electromagnetic ("ZTEM") survey over an area similar to that covered by the aeromagnetic survey.
Targets from the magnetic gradient inversions and the ZTEM survey will be the primary focus for
drilling programs later in the year.
Figure 1 – Woodjam Location Map
Figure 1 – Woodjam Location Map (CNW Group/Vizsla Copper Corp.)
Figure 2 – Deerhorn Deposit Area Plan Map
Figure 2 – Deerhorn Deposit Area Plan Map (CNW Group/Vizsla Copper Corp.)
Figure 3 – Deerhorn Deposit Area Cross Section
Figure 3 – Deerhorn Deposit Area Cross Section (CNW Group/Vizsla Copper Corp.)
The Woodjam Project
The 65,252 ha Woodjam Project is located 55 kilometers east of the community of
Williams Lake
in
an area characterized by a low elevation, flat to gently undulating landscape that is well accessed by
logging roads. Geologically, the Project is located within the prolific Quesnel Terrane – a large
regional depositional belt commonly dominated by alkalic volcanic units and related volcaniclastic
lithologies. The
Quesnel
terrane hosts both alkaline and calc-alkaline porphyry copper+/-gold+/-
molybdenum deposits, including the Copper Mountain, New Afton, Highland Valley,
Gibraltar
, Mount
Polley, Mount Milligan and Kemess mines.
To date, six zones of porphyry mineralization (Megabuck, Deerhorn, Takom, Three Firs, Southeast,
Megaton) have been identified at the Woodjam Project by drilling (95,092 metres in 281 holes since
2009 and a further 114 holes, 30,092 metres predominantly from 1998). These six mineralized zones
form a cluster approximately 5 kilometers in diameter.
About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered
in
Vancouver, Canada
. The Company is focused on its flagship Woodjam project, located within the
prolific Quesnel Terrane, 55 kilometers east of the community of
Williams Lake, British Columbia
,
and has two additional copper exploration properties, the Blueberry and
Carruthers Pass
projects,
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 (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.sedar.com
) 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.
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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/March2023/21/c2733.html
%SEDAR: 00053112E
For further 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]
CO: Vizsla Copper Corp.
CNW 08:00e 21-MAR-23