Vizsla Copper Identifies Strong Copper-IN-Soil Anomaly at Poplar South
VIZSLA COPPER IDENTIFIES STRONG
COPPER-IN-SOIL ANOMALY AT POPLAR
SOUTH
VANCOUVER, BC
,
Oct. 8, 2024
/CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF)
(
FRANKFURT
: 97E0) ("
Vizsla Copper
" or the "
Company
") is pleased to report results from a soil
geochemical survey at its Poplar South target area on the Poplar project (the "
Poplar Project
" or
"
Poplar
") in central BC (Figure 1). The Poplar project is also home to the porphyry-related Poplar
copper and gold deposit.
HIGHLIGHTS
Broad multi-element soil geochemical anomaly identified at Poplar South
Copper, molybdenum and silver soil geochemical anomalies are coincident with
geological and airborne geophysical targets
Induced Polarization (IP) ground geophysical surveying is currently underway
"
The Poplar South target area is one of the most compelling copper exploration targets I've ever
come across,
" commented
Craig Parry
, Executive Chairman. "
With the current high (and rising)
copper prices, this is the right time to be adding Poplar South to our portfolio of highly prospective
drill-ready targets.
"
"At Poplar South we're seeing anomalies from many datasets overlapping in one place,"
commented
Steve Blower
, Vice President of Exploration
. "Alteration mapping, airborne geophysical
surveys, historical drilling results plus the new soil geochemistry results all point to one large,
discrete target area at Poplar South. An IP geophysical survey is underway and represents the
final piece of the puzzle to refine the drilling plan."
The Soil Survey
The Poplar South target area is characterized by a broad, approximately 8 by 2 kilometer zone of
quartz, sericite and pyrite (phyllic) alteration observed along local road-cuts and sparse outcrop at
higher elevations on ridge tops (Figure 2, see News Release dated
August 12, 2024
). Zones of
strong epidote-chlorite-magnetite alteration locally crop out near the valley bottom, proximal to the
strongest geochemical and geophysical anomalies. Recently completed airborne geophysical
surveys, including MobileMT in 2023
1
and high-resolution magnetics in 2024, suggest the possible
presence of porphyry-related mineralization concealed by glacial tills within the broad alteration
zone. Historical shallow and sparse drilling in 1995 near the highest priority area intersected 67.1
meters of 0.18% copper (drill hole 95-5, Figure 2)
2
. The percussion drill hole reportedly intersected
potassically altered intrusive rocks with quartz veining, pyrite, chalcopyrite and molybdenite
mineralization throughout its length, interpreted to represent mineralization proximal to a previously
unknown porphyry center.
The new soil geochemical results reported herein further demonstrate the strong prospectivity of the
Poplar South target area as shown by the strong coincident soil geochemical responses of copper,
molybdenum and silver over the main area of interest (Figures 3, 4 and 5). The main copper-in-soil
anomaly (Figure 3) is approximately 1,200 meter long by 800 meter wide and contains values up to
1,200 ppm (0.12%) copper.
A total of
1,370 B
-horizon soil samples were collected this summer over a 4.6 kilometer long portion
of the alteration zone. Samples were collected at 50 meter intervals along survey lines spaced 200
meter apart.
The Project
The 44,200 hectare Poplar project in central BC covers Mesozoic aged arc-related volcanic,
sedimentary and intrusive rocks considered prospective for porphyry-related copper and gold
mineralization. In addition to the Poplar South target area, the project also hosts the Poplar deposit,
a near-surface porphyry-related copper and gold deposit, which contains close to 2 billion pounds of
copper and 750,000 ounces of gold
3
(indicated and inferred mineral resources, Table 1).
The Next Steps
The Company is currently completing an IP geophysical survey across most of the Poplar South
target area. The survey is designed to detect and characterize sulphide mineralization commonly
present in porphyry-related mineral systems. Results from the IP survey will be used to further
refine a core drilling program planned for the first half of 2025. The IP results will be reported once
the survey is complete and the data are interpreted.
Table 1 – Historical Mineral Resource Estimate for the Poplar Deposit
3
Class
Tonnes (Mt)
Grade
Metal
Cu (%)
Au (g/t)
Ag (g/t)
Cu (Mlbs)
Au (Koz)
Ag (Koz)
Indicated
152.3
0.32
0.09
2.58
1,091
430
12,640
Inferred
139.3
0.29
0.07
4.95
903
320
22,180
Notes:
*Above a cutoff of 0.2% Cu
** source – see Reference 3 below
Figure 1 – Poplar Project
Figure 1 – Poplar Project. (CNW Group/Vizsla Copper Corp.)
Figure 2 – Poplar South Target Area
Figure 2 – Poplar South Target Area. (CNW Group/Vizsla Copper Corp.)
Figure 3 – Copper in B-Horizon Soils at Poplar South
Figure 3 – Copper in B-Horizon Soils at Poplar South. (CNW Group/Vizsla Copper Corp.)
Figure 4 – Molybdenum in B-Horizon Soils at Poplar South
Figure 4 – Molybdenum in B-Horizon Soils at Poplar South. (CNW Group/Vizsla Copper Corp.)
Figure 5 – Silver in B-Horizon Soils at Poplar South
Figure 5 – Silver in B-Horizon Soils at Poplar South. (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 Poplar mineral resource is considered relevant, as it was recently prepared for Universal
Copper in 2021 using practices that are generally standard in the industry
3
. It was created with
ordinary kriging of composited grades into a 3D block model. An independent qualified person has
not done sufficient work to classify the Poplar 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.
References
1
.
Henneberry, T.R. (2024), Data acquisition and processing report, Helicopter Borne MobileMT
Electromagnetic and Magnetic Survey, Assessment Report Indexing System, Report 41614,
https://apps.nrs.gov.bc.ca/pub/aris
2
.
Wagner, D. (1995), Soil sampling and percussion drilling on the Thira Property, Omineca Mining
District, BC, Assessment Report Indexing System, Report 24109,
https://apps.nrs.gov.bc.ca/pub/aris
3
.
Ashton, P.E. and
Robb
, W. (2021), Technical Report 2021 Update on the Poplar Deposit,
Omineca Mining Division British Columbia,
https://sedarplus.ca
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 08-OCT-24