Vizsla Copper Intersects 1.09% CuEq over 95M Within a Broader Zone of 0.77% CuEq over 177.3M at Woodjam
VIZSLA COPPER INTERSECTS 1.09% CUEQ
OVER 95M WITHIN A BROADER ZONE OF
0.77% CUEQ OVER 177.3M AT WOODJAM
VANCOUVER, BC
,
Sept. 9, 2024
/CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF)
(
FRANKFURT
: 97E0) ("
Vizsla Copper
" or the "
Company
") is pleased to report analytical results
from drill holes completed at the Southeast deposit during the summer core drilling program on the
Woodjam project (the "
Woodjam Project
" or "
Woodjam
") in central BC (Figure 1). The Woodjam
project is home to several porphyry-related copper and gold deposits, including the Southeast and
Deerhorn deposits.
HIGHLIGHTS
Drill hole
SE24-122
intersected
177.3m
@ 0.56% Cu, 0.29 g/t Au (0.77% Cueq)
from
65.0m
(>0.2% Cu), including a higher-grade subinterval of
95.0m
@ 0.75% Cu, 0.46 g/t Au (1.09%
Cueq)
from
65.0m
(>0.4% Cu).
Drill hole
SE24-121
intersected
210.2m
@ 0.35% Cu, 0.09 g/t Au (0.42% Cueq)
from
63.1m
(>0.2% Cu), including a higher-grade subinterval of
51.6m
@ 0.52% Cu, 0.16 g/t Au (0.64%
Cueq)
from
63.1m
(>0.4% Cu).
Both drill holes were completed in an area of higher-grade gold mineralization and thinner
overburden, which will be helpful in various development scenarios being considered.
"
These results are a reminder that mineralization at Woodjam includes zones of strong copper and
gold grades,
" commented
Craig Parry
, Executive Chairman. "
Our flagship asset continues to deliver
exceptional drilling results.
"
"This southern portion of the Southeast deposit is characterized by high gold and copper grades
and relatively thin unconsolidated cover"
commented
Steve Blower
, Vice President of Exploration
.
"Our drilling results demonstrate that there is room to improve on the mineralization outlined in
historical estimates."
The Drill Holes
Both drill holes SE24-121 and SE24-122 were completed on the south side of the Southeast
deposit, in an area known to have relatively high gold grades and relatively thin overburden cover
(Figures 2 and 3). The drill holes successfully intersected long intervals of high-grade porphyry-
related copper and gold mineralization within potassically altered monzonite of the late Triassic/Early
Jurassic Takomkane batholith. The intersections in both of the drill holes are relatively shallow and
begin at the top of the bedrock beneath unconsolidated glacial till. High-grade starter pits in this area
could have a significant impact on project economics going forward.
Drill hole SE24-122 intersected
177.3m
@ 0.56% Cu, 0.29 g/t Au (0.77% Cueq) from
65.0m
(>0.2%
Cu), including a higher-grade subinterval of
95.0m
@ 0.75% Cu, 0.46 g/t Au (1.09% Cueq) from
65.0m
(>0.4% Cu). Drill hole SE24-121 intersected
210.2m
@ 0.35% Cu, 0.09 g/t Au (0.42% Cueq)
from
63.1m
(>0.2% Cu), including a higher-grade subinterval of
51.6m
@ 0.52% Cu, 0.16 g/t Au
(0.64% Cueq) from
63.1m
(>0.4% Cu). A summary of all intersections in the 2024 summer drilling
program is provided in Table 1.
Table 1 – Woodjam and Redgold 2024 Drilling Summary
Hole-ID
Area
Cutoff
Significant Intersections
2, 3
From (m)
To (m)
Length (m)
Cu (%)
Au (g/t)
Cueq (%)
Aueq (g/t)
DH24-119
Deerhorn
Abandoned Before Target
DH24-120
1
Deerhorn
0.2 g/t Au
191.0
277.0
86.0
0.18
0.91
0.84
1.16
includes
0.5 g/t Au
208.5
277.0
68.5
0.18
1.07
0.96
1.32
SE24-121
Southeast
0.2% Cu
63.1
273.3
210.2
0.35
0.09
0.42
0.57
includes
0.4% Cu
63.1
114.7
51.6
0.52
0.16
0.64
0.87
SE24-122
Southeast
0.2% Cu
65.0
242.3
177.3
0.56
0.29
0.77
1.06
includes
0.4% Cu
65.0
160.0
95.0
0.75
0.46
1.09
1.49
TF24-123
Three Firs
Analytical Results are Pending
TF24-124
Three Firs
Analytical Results are Pending
DH24-125
Deerhorn
Analytical Results are Pending
RG24-15
Redgold
Analytical Results are Pending
RG24-16
Redgold
Analytical Results are Pending
Notes:
1. Previously disclosed and included here for completeness.
2. Composite intervals are calculated above noted cutoffs and may include a maximum of 10m of internal waste.
3. Copper and gold equivalent values are based on metal prices of $4.00/lb Cu and $2,000/oz Au
The Next Steps
The core drilling program at the Woodjam and contiguous Redgold projects is ongoing and has been
expanded to 10 drill holes (
4,000m
) from an initially planned 8 drill holes (
3,200m
). A total of eight
drill holes have been completed to date (at Deerhorn, Southeast and Three Firs, plus Redgold). The
remaining two will be completed at Redgold and Three Firs. Additional analytical results will be
released as they are received.
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.
Figure 1 – Woodjam Project (CNW Group/Vizsla Copper Corp.)
Figure 2 – Southeast Deposit Drilling Plan (CNW Group/Vizsla Copper Corp.)
Figure 3 – Drill Hole SE24-122 Cross Section (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
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: 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 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 09-SEP-24