02:19:47 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Vizsla Copper Corp (2)
Symbol VCU
Shares Issued 68,636,032
Close 2023-05-08 C$ 0.25
Market Cap C$ 17,159,008
Recent Sedar Documents

Vizsla Copper adds 1,061 ha to Woodjam

2023-05-09 14:17 ET - News Release

Mr. Chris Donaldson reports

VIZSLA COPPER EXPANDS WOODJAM COPPER-GOLD PROJECT

Vizsla Copper Corp. has amended its Megaton option agreement to include an additional 1,061 hectares (ha) of prospective mineral claims contiguous with the company's Woodjam copper-gold project.

HIGHLIGHTS

Expansion of Flagship Woodjam Project: With the addition of these claims, the Woodjam Project now covers 66,325ha of prospective southern Quesnel Terrane.

Prospective Geology: New claims are underlain by intrusive rocks of the Takomkane batholith, which hosts porphyry-related copper-gold mineralization at the nearby Southeast deposit.

"We've prioritized expanding our land position around the Woodjam Project ahead of our initial drill program," commented Steve Blower, Vice President of Exploration. "These claims are proximal to our historical deposits and display similar geological attributes, adding to the pipeline of fantastic exploration targets on the Woodjam Project."

The Claims

The 1,061ha Megaton Extension mineral claims are immediately east of the Megaton Option/JV area, just east of the Southeast deposit (see Figure 1). The geology underlying the claims consists predominantly of till covered intrusive rocks of the early Jurassic Takomkane batholith, host to copper-gold porphyry-related mineralization at the Southeast deposit. Only one previous drill program has been completed on the Megaton Extension claims - a cluster of 20, 200 - 300m long drill holes was completed in 2008 within a discrete, 400 x 800m area. Native copper was identified in several holes, returning intersections up to 0.2% Cu over 14.0m in drill hole MT08-07A1. Given the presence of widespread copper mineralization hosted in the prospective Takomkane batholith, together with its close proximity to the Southeast deposit, the Megaton Extension area will be a high priority for future exploration programs.

Figure 1 - Woodjam New Claims Location

Updated Terms

In consideration for the amendment to the Megaton Option Agreement and subject to TSX Venture Exchange approval, Vizsla Copper will issue 300,000 common shares to the optionors. Vizsla Copper has the right to earn up to 100% ownership of the claims by satisfying the payments outlined in Table 1.

The Woodjam Project

The 66,325ha Woodjam Project is located 55 kilometres 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 Woodjam 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, Mount Polley, Mount Milligan and Kemess mines.

To date, six zones of porphyry-related 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 kilometres in diameter.

References

1. Butrenchuk and Henneberry, 2008, Geological and Drilling Report Megaton Project, BC Geological Survey Assessment Report 30561

About Vizsla Copper

Vizsla Copper is a Cu-Au-Mo 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. It has two additional copper exploration properties, the Blueberry and Carruthers Pass projects, well situated amongst significant infrastructure in British Columbia. The Company will grow through 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.

Some data disclosed in this News Release relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. In some cases, the data may be unverifiable due to lack of drill core. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's newly acquired property.

An anonymous director reports

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