Vizsla Copper Identifies New Targets at the Megabuck Copper-GOLD Porphyry Zone at the Woodjam Project
VIZSLA COPPER IDENTIFIES NEW TARGETS
AT THE MEGABUCK COPPER-GOLD
PORPHYRY ZONE AT THE WOODJAM
PROJECT
VANCOUVER, BC
,
April 5, 2023
/CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF)
("
Vizsla Copper
" or the "
Company
") is pleased to report additional results from an interpretation of
a high-definition aeromagnetic geophysical survey recently completed over the Megabuck copper-
gold zone on the Company's 65,252 hectare Woodjam Copper Project ("
Woodjam
"). Woodjam is
prospective for copper-gold porphyry mineralization and is located 55 kilometres east of
Williams
Lake, BC
(Figure 1).
HIGHLIGHTS
Megabuck zone response:
The recently completed aeromagnetic survey highlights the
Megabuck porphyry system – a magnetic monzonite porphyritic intrusion that hosts strong
copper-gold mineralization (e.g., 242.8 metres of 1.09 g/t Au and 0.15% Cu; WJ04-032).
Extensions of known mineralization:
Mineralization on the flanks of the Megabuck porphyry is
open at depth and to the north, where historical drilling is very limited. These areas represent
compelling targets for future drill programs.
Exciting new target:
A magnetic high anomaly, like those at Megabuck and Deerhorn, 2
kilometres to the southeast of Megabuck, is completely undrilled.
"Copper and gold porphyry-style mineralization outcrops at the Megabuck zone, and the host rock
has historically been referred to as the Megabuck porphyry intrusion," commented
Steve Blower
,
Vice President of Exploration. "Our recently completed aeromagnetic survey suggests that there
are other overburden covered porphyritic intrusions in the immediate area that have never been
drilled.
"
MEGABUCK ZONE
As with other copper and gold zones on the property, including the nearby high-grade Deerhorn
deposit, porphyry-related copper-gold mineralization at Megabuck is associated with steeply
dipping, cylindrical, magnetic, and porphyritic monzonite intrusions. Mineralization is best developed
on the flanks of these intrusions. Highlights from historical Megabuck drilling by previous operators
are shown in Table 1, below.
Table 1
– Historical Megabuck Drilling Highlights
Drill hole
From (m)
To (m)
Int. (m)
Au (g/t)
Cu (%)
AuEq (g/t)
CuEq (%)
WJ04-032
4.0
382.0
378.0
0.81
0.12
0.99
0.65
inc
4.0
246.8
242.8
1.09
0.15
1.33
0.87
inc
118.3
157.7
39.4
2.04
0.25
2.43
1.59
WJ04-033
3.1
271.0
268.0
0.62
0.09
0.77
0.50
inc
9.0
73.0
64.0
1.01
0.13
1.20
0.79
WJ05-043
108.8
281.3
172.5
0.66
0.14
0.87
0.57
inc
194.2
272.5
78.3
1.09
0.23
1.44
0.95
Note: Cueq and Aueq are calculated with prices of US$1,800/oz Au and US$4.00/lb Cu.
EXPLORATION POTENTIAL AT THE MEGABUCK ZONE
Clear exploration targets at the Megabuck zone are present down-dip of known mineralization on the
southeast and northwest flanks of the Megabuck porphyritic intrusion (Figures 2 and 3). The target
area to the north is particularly intriguing due to the paucity of drilling there. As well, a broad and
vertically extensive magnetic-high, similar to the anomaly at Deerhorn, exists 2 kilometres to the
southeast and is completely undrilled (Figure 3). This area represents a high priority target for the
upcoming summer drilling program.
NEXT STEPS
Targets continue to be ranked and prioritized ahead of core drilling programs planned for later in the
year. A total of 10,000 metres 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 like 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 – Megabuck Area Plan Map
Figure 2 – Megabuck Area Plan Map (CNW Group/Vizsla Copper Corp.)
Figure 3 – Megabuck Zone Cross Section
Figure 3 – Megabuck Zone Cross Section (CNW Group/Vizsla Copper Corp.)
The Woodjam Project
The 65,252 hectare Woodjam Project is located 55 kilometres 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-related 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 kilometres 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.
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CO: Vizsla Copper Corp.
CNW 08:00e 05-APR-23