Vizsla Copper Intersects 0.90% Copper Equivalent over 66.1 Metres IN Initial Drill Holes from Its Ongoing Exploration Program at the Woodjam Project, Central BC
VIZSLA COPPER INTERSECTS 0.90%
COPPER EQUIVALENT OVER 66.1 METRES IN
INITIAL DRILL HOLES FROM ITS ONGOING
EXPLORATION PROGRAM AT THE WOODJAM
PROJECT, CENTRAL BC
VANCOUVER, BC
,
Sept. 11, 2023
/CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF)
(
FRANKFURT
: 97E0) ("
Vizsla Copper
" or the "
Company
") is pleased to report initial assay results
from its summer core drilling program at the Woodjam copper-gold project (the "
Woodjam Project
"
or "
Woodjam
") in south-central BC.
HIGHLIGHTS
Drill holes SE23-101 and 102 at the Southeast zone intersected broad intervals of consistent
copper mineralization confirming strong grade continuity in key areas of the deposit.
Drill hole SE23-102:
Intersected 0.61% copper equivalent (CuEq, 0.54% Cu, 0.05 g/t Au, 1.84 g/t Ag and
0.005% Mo) over
293.2 m
from 136.9 to
430.1m
(>0.2% Cu)
1,2
includes a high-grade interval of 0.90% CuEq (0.81% Cu, 0.08 g/t Au, 1.89 g/t Ag and
0.005% Mo) over
66.1m
from 157.0 to
223.1m
(>0.5% Cu)
1,2
Drill hole SE23-101:
Intersected 0.60% CuEq (0.49% Cu, 0.07 g/t Au, 1.43 g/t Ag and 0.012% Mo) over
131.5
m
from 177.0 to
308.5m
(>0.2% Cu)
1,2
includes a high-grade interval of 0.76% CuEq (0.64% Cu, 0.10 g/t Au, 1.75 g/t Ag and
0.011% Mo) over
60.0m
from 185.0 to
245.0m
(>0.5% Cu)
1,2
Notes:
1.
Composite intervals are calculated above noted Cu cutoff grades and may include a maximum of 10m of internal waste.
2.
Copper equivalent values are based on metal prices of $4.00/lb Cu, $1,800/oz Au, $22/oz Ag and $15/lb Mo.
"
These initial results support our view that Woodjam is an incredibly important copper project in a
world that requires an ever-increasing amount of it,
" commented
Craig Parry
, Executive Chairman.
"
I look forward to the rest of the results from our inaugural drilling program. With easy access,
established infrastructure and an enormous endowment of metal, Vizsla Copper's Woodjam Project
is proving to be an outstanding asset.
"
"Long, strong intervals of copper mineralization are a great way to start our first drill program at
Woodjam,"
commented
Steve Blower
, Vice President of Exploration
. "I eagerly await assay results
from the rest of the program, which includes several drill holes designed to extend mineralization
at the Deerhorn and Takom deposits, plus explore new target areas at the Megaton and Megabuck
East zones."
The Program
High-grade, copper-gold mineralization in and around the over 6-kilometer-long corridor of known
porphyry-related mineralization at Woodjam is being targeted by this drill program (Figure 1). Initial
drill holes successfully tested gaps in previous drilling at the Southeast deposit and confirmed strong
grade continuity (Figure 2). Results from the first three drill holes are highlighted by hole SE23-102,
an angled drill hole designed to fill a
120m
gap on Figure 3. The hole intersected 0.61% CuEq
(0.54% Cu, 0.05 g/t Au, 1.84 g/t Ag and 0.005% Mo) over
293.2m
, including a high-grade interval of
0.90% CuEq (0.81% Cu, 0.08 g/t Au, 1.89 g/t Ag and 0.005% Mo) over
66.1m
. See Table 1 for
additional details on the intersections.
Table 1 – Woodjam 2023 Results
Hole-ID
Area
Significant Intersections
From (m)
To (m)
Length (m)
Cu (%)
Mo (%)
Au (g/t)
Ag (g/t)
Cueq (%)
SE23-100
Southeast
No significant intersections >0.20% Cu
SE23-101
Southeast
177.00
308.50
131.50
0.49
0.012
0.07
1.43
0.60
includes
185.00
245.00
60.00
0.64
0.011
0.10
1.75
0.76
and
398.00
448.00
50.00
0.29
0.046
0.04
1.99
0.50
and
487.00
497.00
10.00
0.79
0.215
0.37
10.25
1.92
SE23-102
Southeast
136.90
430.10
293.20
0.54
0.005
0.05
1.84
0.61
includes
157.00
223.10
66.10
0.81
0.005
0.08
1.89
0.90
and includes
260.00
327.10
67.10
0.54
0.005
0.05
1.43
0.60
and
442.00
481.10
39.10
0.34
0.013
0.03
1.50
0.42
Notes:
1.
Composite intervals are calculated above 0.20% Cu (0.50% Cu for higher grade subintervals) and may include a maximum of 10m of internal waste.
2.
Copper equivalent values are based on metal prices of $4.00/lb Cu, $1,800/oz Au, $22/oz Ag and $15/lb Mo.
Drill hole SE23-101 successfully filled a
140m
gap on Figure 4 with an intersection of 0.60% CuEq
(0.49% Cu, 0.07 g/t Au, 1.43 g/t Ag and 0.012% Mo) over
131.5m
, including a high-grade interval of
0.76% Cueq (0.64% Cu, 0.10 g/t Au, 1.75 g/t Ag and 0.011% Mo) over
60.0m
. Copper
mineralization at the Southeast deposit comprises chalcopyrite ± bornite-bearing veins and vein
stockworks hosted in variably potassic altered monzonitic intrusive rocks of the Early Jurassic
Takomkane batholith.
Drill hole SE23-100 was drilled on the northeastern fringe of the Southeast deposit and did not
intersect any significant intervals greater than 0.20% Cu.
Approximately
5,970m
of drilling has been completed to date in 14 drill holes with the total planned
program consisting of approximately
8,000m
in 18 drill holes. Assay results have now been received
for the first three drill holes and all others are pending.
Figure 1 – Woodjam Property Map
Figure 1 – Woodjam Property Map (CNW Group/Vizsla Copper Corp.)
Figure 2 – Drilling Target Area Locations
Figure 2 – Drilling Target Area Locations (CNW Group/Vizsla Copper Corp.)
Figure 3 – Drill Hole SE23-102 Cross-Section
Figure 3 – Drill Hole SE23-102 Cross-Section (CNW Group/Vizsla Copper Corp.)
Figure 4 – Drill Hole SE23-101 Cross-Section
Figure 4 – Drill Hole SE23-101 Cross-Section (CNW Group/Vizsla Copper Corp.)
Table 2 – Collar locations for the currently reported drill holes.
Hole ID
Hole size
Depth (m)
Azimuth (°)
Dip (°)
Easting
Northing
Elevation (m)
SE23-100
NQ
602
170
-75
613285
5788697
978
SE23-101
NQ
506
310
-80
613078
5788290
973
SE23-102
NQ
509
310
-75
612935
5788211
977
Notes:
1.
Coordinates are given as North American Datum 1983, Universal Transverse Mercator Zone 10 North (NAD83 z 10N)
Sampling, Chain of Custody, Quality Assurance and Quality Control
All sampling was conducted under the supervision of Vizsla's geologists and the chain of custody
from the sampling facility in Horsefly to the sample preparation facility, ALS Laboratories in
Kamloops, BC
, was continuously monitored.
Core samples were taken as ½ core, from a minimum of
0.3 m
to a maximum of
2 m
core length to
account for lithological or alteration boundaries. Samples were then crushed, pulverised and sample
pulps were analysed using industry standard analytical methods including a 4-Acid, ICP-MS
multielement package (ALS code ME-MS61) and an ICP-AES method for high-grade copper
samples (ALS code ME-OG62). Gold was analysed using a 30 g aliquot by fire assay with an ICP-
AES finish (ALS code Au-ICP21).
Certified reference material was inserted every 10
th
sample. Coarse blank was inserted every 20
th
sample. For approximately 2.5% of core samples, the remaining ½ core was taken as a field
duplicate. For 2.5% of core samples a preparation duplicate is taken after coarse crushing is
complete at the laboratory.
In addition to Vizsla's QA/QC program, additional blanks, reference materials and duplicates were
inserted by ALS according to their internal procedures. Data verification of the analytical results
included a statistical analysis of the standards and blanks that must pass certain parameters for
acceptance to ensure accurate and verifiable results.
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.
SOURCE
Vizsla Copper Corp.
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CO: Vizsla Copper Corp.
CNW 08:00e 11-SEP-23