VANCOUVER, BC, Feb. 28,
2023 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTQB:
VCUFF) ("Vizsla Copper" or the "Company") is pleased
to report the preliminary results from a high-definition
aeromagnetic geophysical survey at the Company's 65,252 ha Woodjam
Copper Project ("Woodjam"). Woodjam is prospective for
copper-gold porphyry style mineralization and is located 55 km east
of Williams Lake, BC (Figure 1).
"Our high-definition airborne magnetic survey results have
exceeded our expectations," commented Steve Blower, Vice
President of Exploration. "We have been able to fingerprint all
of the known copper-gold porphyry zones on the property and have
identified numerous targets with similar magnetic features. Many of
these overburden covered target areas have never been drilled.
Detailed review of the results around the known deposits is
underway and will be disclosed in a series of news releases in the
coming weeks."
WOODJAM AIRBORNE SURVEY
A total of 2,999 line-km of helicopter-borne aeromagnetic,
radiometric and VLF-EM surveying over an area of 273.8
km2 centered on the central mineralized corridor at
Woodjam. This corridor is home to the Deerhorn and Southeast
porphyry copper-gold deposits, among others. The
high-resolution survey, designed with flight lines spaced
100m apart, was completed on
January 2nd.
Preliminary results have been received and the results are detailed
below.
RESULTS
Known zones of gold-rich porphyry copper mineralization
associated with discrete magnetic porphyritic intrusions (Deerhorn,
Megabuck, Takom and 3 Firs) are identifiable in the gridded
horizontal gradient (HG) magnetic image as HG high anomalies
(Figure 2). Numerous other HG high anomalies are present in
the dataset, many of which have never been drilled. Limited
drilling programs on the property in 2020 and 2021 intersected up
to 110.0m @ 0.44% Cu and 2.57 g/t
Au in drill hole DH20-71 at the Deerhorn deposit. Conversely,
the large Southeast deposit, which is not associated with magnetic
porphyritic intrusions, corresponds to a large HG low feature in
the new dataset. As with the HG high anomalies, similar HG
low patterns are present in the remainder of the survey area.
A single drill hole in 2021 intersected 142.4m @ 0.56% Cu and 0.23 g/t Au in drill
hole SE21-89 at the Southeast deposit.
NEXT STEPS
Inverted models of the aeromagnetic gradient data are currently
being finalized and will be used to help interpret the geology
around known deposits and refine targets in other areas. A
series of detailed near-deposit reviews are being conducted and the
results will be disclosed as they become available. In
addition, Geotech Ltd. has been contracted to complete an airborne
Z-Axis Tipper Electromagnetic (ZTEM) survey over an area similar to
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 2 – Aeromagnetic Horizontal Gradient Results
The Woodjam Project
The 65,252 ha Woodjam Project is located 55 kilometers 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 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 kilometers 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.