Vizsla Resources Completes Exploration at the Kathleen Mountain Project IN Southwestern British Columbia
VIZSLA RESOURCES CORP
(VZLA-TSX-V)
FOR IMMEDIATE RELEASE December 14, 2018
VIZSLA RESOURCES COMPLETES EXPLORATION AT THE KATHLEEN
MOUNTAIN PROJECT IN SOUTHWESTERN BRITISH COLUMBIA
December 14, 2018: Vancouver, BC – Vizsla Resources Corp (the “Company” or
“Vizsla” (TSX-V:VZLA) is pleased to announce that the Phase 2 exploration program
has been completed at the Kathleen Mountain exploration project (“the Project”).
The program consisted of a geochemical soil sampling program, a 3-Dimensional
Induced Polarization Survey and a Ground Magnetic Survey. A total of 1073 soil samples
were collected and subsequently analyzed by Bureau Veritas. The geophysical survey
was carried out by SJ Geophysics Ltd. on a grid coincident with the soil sampling grid.
The Kathleen Mountain project is located 50 km northeast of Princeton in the
Similkameen Mining Division of B.C. The primary exploration target on the Kathleen
Mountain property was a calc-alkalic porphyry molybdenum copper deposit similar to the
Brenda Mines deposit located about 13 km northwest of the property.
Vizsla’s President and CEO, Michael Konnert stated, “Vizsla is pleased to have
completed the second phase of our exploration program on the Kat hleen Mountain
project. Although the results weren’t overwhelmingly positive, we have improved our
understanding of the property’s potential and will assess our next steps including project
acquisitions”
The results of the 2018 soil survey indicate that the most prospective of the mineral
concentrations is a previously undiscovered soil anomaly located north-northwest of the
previously discovered Golden Lode showing.
SJ Geophysics produced Inversion models (3D) for resistivity and chargeability. The
resistivity characteristics highlighted three zones of distinct resistivity that most likely
map the contact between the Pennask and the Osprey Lake batho liths. The inverted
chargeability models indicated that the chargeable values were quite small with no
significant anomalous features.
Property Details:
The property is located in the Interior Plateau belt of central BC and is underlain by three
intrusive bodies: 1) the late Triassic/early Jurass ic Pennask batholith occupies the
northern half of the property; 2) the mid Jurassic Osprey Lake batholith occupies the
southern half of the property: and 3) the Eocene Otter bodies intrude the Pennask
batholith in the northern portion of the property.
Phase 1 exploration on the property located two historic showings of interest; the Golden
Lode showing, discovered in 1928 and the Kathleen Mountain showing, discovered in
1947. Historical exploration in the vicinity of the claims was for porphyry deposits in the
early 1950s and 1960s, at the time of early development of the Brenda Mines, located
15km to the north.
Qualified Person and Quality Assurance/Quality:
The scientific and technical disclosure contained in this news release has been reviewed
and approved by Christopher I. Dyakowski, PGeo, a qualified person as that term is
defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
About Vizsla Resources: Vizsla is a mineral exploration company that is engaged in the
business of the acquisition, exploration and development of mineral resource properties.
The Company’s first project and core asset is the Kathleen Mountain Property in British
Columbia. Vizsla’s common shares trade under the symbol “VZLA” on the TSX-V.
Contact Information: For more information and to sign-up to the mailing list, please
contact:
Michael Konnert, President and Chief Executive Officer
Tel: (604) 604 838-4327
Email: [email protected]
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. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward -looking information” within the meaning of
applicable Canadian securities legislation. Such forward-looking statements and
information herein include but are not limited to statements regarding the tra ding of
Vizsla’s common shares on the TSXV, the intended use of the proceeds of the IPO and the
exploration of the Kathleen Mountain Property. Vizsla does not intend to, and does not
assume any obligation to update such forward-looking statements or information, other
than as required by applicable law.
Forward-looking statements or information involve known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of Vizsla and its operations to be materially different from
those expressed or implied by such statements. Such factors include, among others
legislation, taxation, controls, regulations and political or economic developments in
Canada; financial risks due to precious and base metals prices, operating or technical
difficulties in mineral exploration, development and mining activities; risks and hazards
of mineral exploration, development and mining; the speculative nature of mineral
exploration and development, risks in obtaining necessary licenses and permits, and
challenges to Vizsla’s title to properties.
Forward-looking statements are based on assumptions management believes to be
reasonable, including but not limited to: the continued operation of Vizsla’s exploration
operations, no material adverse change in the market price of commodities, and such
other assumptions and factors as set out herein.
Although Vizsla has attempted to identify important factors that could cause actual
results to differ materially from tho se contained in forward-looking statements or
information, there may be other factors that cause results to be materially different from
those anticipated, described, estimated, assessed or intended. There can be no assurance
that any forward-looking statements or information will prove to be accurate as actual
results and future events could differ materially from those anticipated in such statements
or information. Accordingly, readers should not place undue reliance on forward-looking
statements or information.