Mr. Chris Donaldson reports
VIZSLA COPPER CORP. TO COMMENCE TRADING ON TSX VENTURE EXCHANGE
Vizsla Copper Corp.'s common shares will commence trading on the TSX Venture Exchange under the ticker symbol VCU as of market open on Sept. 30, 2021. The Company recently completed its Plan of Arrangement spin-out from Vizsla Silver Corp. and closed an approximately $5 million non-brokered private placement of common shares. Vizsla Copper is a new copper exploration company focused on the Blueberry and Carruthers Pass properties, both of which are located in British Columbia.
Chris Donaldson, Chief Executive Officer of the Company stated: "We are very pleased to achieve this milestone. Our team has been working hard to get the Company to this point and are excited to start trading. Vizsla Copper's initial focus will be to advance the highly prospective Blueberry and Carruthers Pass copper properties."
Blueberry Project
Vizsla Copper owns a 100% interest in the Blueberry property, which is located ~60 kilometres southwest of the town of Houston, British Columbia and falls within the jurisdiction of the Omineca Mining Division. The Blueberry property consists of 23 contiguous claims totaling 20,265 hectares. The property lies in the Stikinia Terrane and on the Skeena Arch north of the Nechako Basin. The Skeena Arch transects central British Columbia and represents a long-lived magmatic arc that has produced a diverse range of mineral deposits in a wide variety of geologic settings. It is some of the most richly endowed terrain in British Columbia and has been the site of mineral exploration since the late 19th century.
The type of deposit most likely to be located on the property is a porphyry copper system. Plutonic suite rocks of the type associated with the porphyry-style Berg Deposit, Huckleberry Mine (39 km away) and Ox Lake mineral occurrence, crop out to a limited extent in the south of the property. In 2018 a stream sediment sampling survey and prospecting program was conducted over the extent of the Blueberry Project. This 2018 stream sediment program identified nine target areas based on anomalous copper and gold assays, and two of these targets were studied in a 2019 soil sampling survey, with a total of 450 soil samples and 19 rock samples being taken. Of the 450 soil sediments samples taken in 2019,
- 2 samples assayed over 50 ppm Cu,
- 28 samples assayed between over 50-100 ppm Cu, and
- 275 samples assayed between over 10-25 ppm Cu
The author of the Blueberry Technical Report is of the opinion that the 2018 stream sediment program and the 2019 soil and rock sampling program warrant follow-up exploration and has recommended a two-phase work program.
Vizsla Copper intends to commence Phase 1 of the proposed work program before the end of 2021.
Carruthers Pass Project
On February 17, 2021 Vizsla Copper entered into an option agreement with Cariboo Rose Resources Ltd., the 100% owner of the Carruthers Pass property. Under the terms of this agreement, Vizsla Copper may acquire an up to 60% interest in the Carruthers Pass property by incurring a total of at least $3,000,000 in expenditures over five years and making cash payments totaling $400,000 and issuing shares to Cariboo Rose with a value of $250,000, in each case over a five year period.
The Carruthers Pass property consists of eight contiguous mineral claims covering 3,250 hectares approximately 200 kilometers northeast of the community of Smithers. The Carruthers Pass property covers an isolated group of topographically high peaks and the lower area surrounding the range. The Carruthers Pass property is situated on the eastern margin of the Stikine Terrane of north central British Columbia. This terrane is dominated by Triassic (Takla Group) and lesser late-Palaeozoic (Asitka Group) island arc volcanic strata and related sub-volcanic intrusions that form a broad north-westerly trending belt along the center of the province from southern British Columbia to the southwestern Yukon Territory. A massive sulphide boulder composed of pyrite, pyrrhotite, chalcopyrite and sphalerite has been observed on the property (a several tonne rock protruding from talus), and it typifies the main target of exploration at Carruthers Pass. Moderate to highly anomalous concentrations of copper, zinc, gold and silver have been returned from sampling the massive sulphide boulder.
No exploration work has been conducted at Carruthers Pass since 2011.
The author of the Carruthers Pass Technical Report recommends that further exploration for volcanic hosted massive sulphide style mineralization be conducted at Carruthers Pass. The author recommends a Phase 1 program consisting of geological, geochemical and geophysical assessment of specific target areas on the Carruthers Pass property. Given favourable results from the Phase 1 exploration program, additional diamond drilling is warranted to follow up on positive results returned from previous exploration campaigns.
Vizsla Copper intends to commence Phase 1 of the proposed work program before the end of 2021.
Further details regarding Vizsla Copper, including on the Blueberry property and Carruthers Pass property (including the option agreement with Cariboo Rose), are contained in Vizsla Copper's TSXV Form 2B Listing Application, which is available under Vizsla Copper's profile on SEDAR at www.sedar.com.
About Vizsla Copper Corp.
Vizsla Copper is a junior mineral exploration company focused on its interests in British Columbia copper properties, the Blueberry project and the Carruthers Pass project. The Company intends to commence Phase 1 work programs at both projects before the end of 2021.
Data Verification
Blueberry Technical Report
Technical information on the Blueberry property disclosed in this release is from the technical report entitled, "Revised Independent NI 43-101 Technical Report on the Blueberry Project" with an effective date of March 4, 2021.
Carruthers Pass Technical Report
Technical information on the Carruthers Pass property disclosed in this release is from the technical report entitled, "Summary Report on the Carruthers Pass Property Omineca Mining Division, British Columbia, With Recommendations for Further Exploration", dated April 12, 2021.
Both the Blueberry Technical Report and Carruthers Pass Technical Report contain additional information on the interpretation of exploration information, analytical procedures and quality assurance and quality control programs, and they are available on SEDAR under Vizsla Copper's profile.
Qualified Person
The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Keith Bodnarchuk, P.Geo., Corporate Development Manager for Vizsla Copper. Mr. Bodnarchuk is a Qualified Person as defined under the terms of National Instrument 43-101.
We seek Safe Harbor.