VIZSLA COPPER EXPANDS FOOTPRINT OF STRONG COPPER-MOLYBDENUM MINERALIZATION AT THE THIRA DISCOVERY; DRILLS 264 METERS OF 0.43% CUEQ IN 400 METER STEP-OUT HOLE
The five holes (TH25-139, 140, 141, 142 and 143) build on discovery hole TH25-138 and demonstrate that porphyry-related copper-molybdenum-silver-gold mineralization extends for at least 800 meters along an east-west section and remains open in every direction. Results from the remaining four holes completed in Phase 1 drilling are pending.
HIGHLIGHTS
- Near-surface, porphyry-related mineralization intersected in every hole: Holes TH25-139, 140, 141, 142 and 143 were mineralized along their entire >400 meter lengths and tested a ~800 meter east-west section.
-
Hole TH25-142 was collared 400 meters east of TH25-138 and intersected:
- 324.0 meters of 0.39% copper equivalent (0.27% Cu, 0.014% Mo, 0.90 g/t Ag, and 0.05 g/t Au, above a 0.1% Cu cutoff grade) from 6.0 meters down hole, including
- 264.0 meters of 0.43% copper equivalent (0.30% Cu, 0.016% Mo, 0.98 g/t Ag, and 0.06 g/t Au, above a 0.2% Cu cutoff grade) from 51.0 meters down hole
- Mineralization remains open to the east.
-
Hole TH25-140 was collared 300 meters east of TH25-138 and intersected:
- 429.0 meters of 0.28% copper equivalent* (CuEq, 0.20% Cu, 0.01% Mo, 0.71 g/t Ag and 0.03 g/t Au, above a 0.1% Cu cutoff grade) from 6.0 meters down hole, including
- 93.1 meters of 0.39% copper equivalent (0.28% Cu, 0.012% Mo, 0.96 g/t Ag and 0.06 g/t Au, above a 0.2% Cu cutoff grade) from 187.9 meters down hole
-
Hole TH25-143 was drilled due west from the TH25-138 collar and intersected:
- 411.7 meters of 0.27% copper equivalent (0.20% Cu, 0.009% Mo, 0.76 g/t Ag, and 0.03 g/t Au, above a 0.1% Cu cutoff grade) from 14.3 meters down hole, including
- 122.0 meters of 0.36% copper equivalent (0.25% Cu, 0.012% Mo, 1.1 g/t Ag, and 0.05 g/t Au, above a 0.2% Cu cutoff grade) from 14.3 meters down hole
- Mineralization remains open to the west.
- Assay results are pending from four additional drill holes.
*Copper equivalent calculation (CuEq) uses metal prices of: Cu |
"Based on these drill results, it is clear that our
Defining the Potential Scale of
The recently completed Phase 1 drill program at
Holes TH25-139 and TH25-140 were collared approximately 200 meters and 300 meters east of discovery hole TH25-138 (e.g., 345.3 meters of 0.43% CuEq (0.31% Cu, 0.02% Mo, 1.1 g/t Ag and 0.05 g/t Au), see
All six now reported drill holes intersected porphyry-related copper-molybdenum-silver-gold mineralization from top of bedrock (average 8.1 meters down hole) to bottom of holes (>400m). The strongest mineralization (e.g., 74.0 meters of 0.57% CuEq (0.37% Cu, 0.028% Mo, 0.075 g/t Au, and 1.23 g/t Ag) from 138.0 meter downhole in TH25-142, Table 1) consists of chalcopyrite-molybdenite bearing stockwork and multi-stage porphyry-related veins (A- and B-type) that crosscut intensely biotite altered volcanics and volcanic breccias and at least three phases of pre- and intra-mineral intrusions varying from plagioclase-biotite monzonite porphyries to equigranular biotite monzonite. The intra-mineral variants have local truncated quartz veins and disseminated chalcopyrite. Zones of anhydrite veins and breccias with locally strong molybdenite mineralization associated with white mica-quartz alteration locally crosscut the main stage potassic alteration.
Results from the six reported drill holes at
Next Steps at
Results from the remaining 4 holes completed during the Phase 1 drill program will be released once assay results are returned from the lab, compiled and interpreted. Lithological, geochemical and structural data from all holes will be integrated into a comprehensive 3D model that will inform the next round of drilling.
Generating Additional Porphyry Targets
Further targeted exploration activities across the ~8 by 2 kilometer, mostly till-covered
Table 1. Assay Results
Hole ID |
Cutoff |
From (m) |
To (m) |
Interval |
Cu (%) |
Mo (%) |
Au |
Ag |
CuEq* |
TH25-139 |
0.1% Cu |
19.00 |
231.00 |
212.00 |
0.15 |
0.003 |
0.04 |
0.57 |
0.20 |
including |
0.2% Cu |
22.00 |
36.50 |
14.50 |
0.26 |
0.004 |
0.09 |
1.00 |
0.36 |
including |
0.2% Cu |
94.00 |
106.35 |
12.35 |
0.39 |
0.004 |
0.11 |
1.41 |
0.50 |
and |
0.1% Cu |
272.00 |
429.00 |
157.00 |
0.16 |
0.013 |
0.02 |
0.61 |
0.24 |
including |
0.2% Cu |
410.00 |
429.00 |
19.00 |
0.24 |
0.036 |
0.02 |
0.80 |
0.44 |
|
|
|
|
|
|
|
|
|
|
TH25-140 |
0.1% Cu |
6.00 |
435.00 |
429.00 |
0.20 |
0.010 |
0.03 |
0.71 |
0.28 |
including |
0.2% Cu |
187.86 |
281.00 |
93.14 |
0.28 |
0.012 |
0.06 |
0.96 |
0.39 |
including |
0.3% Cu |
201.00 |
216.00 |
15.00 |
0.37 |
0.022 |
0.07 |
1.12 |
0.54 |
including |
0.3% Cu |
258.00 |
278.52 |
20.52 |
0.40 |
0.007 |
0.06 |
1.47 |
0.48 |
|
|
|
|
|
|
|
|
|
|
TH25-141 |
0.1% Cu |
9.00 |
72.10 |
63.10 |
0.20 |
0.009 |
0.04 |
0.65 |
0.28 |
including |
0.2% Cu |
40.50 |
66.00 |
25.50 |
0.27 |
0.008 |
0.06 |
0.81 |
0.36 |
and |
0.1% Cu |
139.70 |
417.00 |
277.30 |
0.16 |
0.012 |
0.03 |
0.63 |
0.24 |
including |
0.2% Cu |
177.00 |
209.20 |
32.20 |
0.25 |
0.014 |
0.05 |
0.95 |
0.36 |
including |
0.2% Cu |
300.10 |
343.00 |
42.90 |
0.23 |
0.014 |
0.04 |
0.80 |
0.33 |
|
|
|
|
|
|
|
|
|
|
TH25-142 |
0.1% Cu |
6.00 |
330.00 |
324.00 |
0.27 |
0.014 |
0.05 |
0.90 |
0.39 |
including |
0.2% Cu |
51.00 |
315.00 |
264.00 |
0.30 |
0.016 |
0.06 |
0.98 |
0.43 |
including |
0.3% Cu |
138.00 |
212.00 |
74.00 |
0.37 |
0.028 |
0.08 |
1.23 |
0.57 |
|
|
|
|
|
|
|
|
|
|
TH25-143 |
0.1% Cu |
14.30 |
426.00 |
411.70 |
0.20 |
0.009 |
0.03 |
0.76 |
0.27 |
including |
0.2% Cu |
14.30 |
136.25 |
121.95 |
0.25 |
0.012 |
0.05 |
1.06 |
0.36 |
including |
0.2% Cu |
247.00 |
270.00 |
23.00 |
0.29 |
0.008 |
0.03 |
0.85 |
0.35 |
including |
0.2% Cu |
315.00 |
336.00 |
21.00 |
0.25 |
0.003 |
0.03 |
0.96 |
0.29 |
*Copper equivalent calculation (CuEq) uses metal prices of: Cu |
Figure 1. Map of the
Figure 2. Map of the
Figure 3. East-west section (78100 N) showing copper and molybdenum assays down hole for holes TH25-138, 139, 140, 141, 142 and 143. See Table 1 and associated footnotes for CuEq metal and calculation inputs. See references2,3 below for sources of historical drill data.
Table 2. Collar information
Hole ID |
Easting* |
Northing* |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
TH25-139 |
628401 |
5978093 |
1094 |
360 |
-80 |
429 |
TH25-140 |
628500 |
5978076 |
1102 |
90 |
-45 |
435 |
TH25-141 |
628602 |
5978098 |
1106 |
360 |
-45 |
420 |
TH25-142 |
628603 |
5978101 |
1106 |
360 |
-80 |
417 |
TH25-143 |
628210 |
5978113 |
1079 |
270 |
-55 |
426 |
*UTM NAD83 Z 09 |
Board Resignation
The Company announces that Mr.
The 44,200 hectare Poplar project in central BC covers Mesozoic aged arc-related volcanic, sedimentary and intrusive rocks considered prospective for porphyry-related copper and gold mineralization. In addition to the
Sampling, Chain of Custody, Quality Assurance and Quality Control
All drill core analytical results have been monitored through the Company's quality assurance and quality control program (QA/QC). Drill core was sawn in half at Vizsla's dedicated and secure core logging and processing facility near the property.
Half of the drill core was sampled and shipped by a bonded courier in sealed and secured woven polyester bags to the ALS Global preparation facilities in
Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in
Drill core samples were analyzed for 48 elements by ICP-MS on a 0.25-gram aliquot using a four-acid digestion (method ME-MS61). Overlimit samples (>10,000 ppm Cu) were re-analyzed using an ore-grade, four-acid digestion and ICP-AES finish (method ME-OG62). Gold was analyzed by fire assay on a 30-gram aliquot with an AES finish (inductively coupled plasma atomic emission spectroscopy - method Au-ICP21).
In addition to ALS Global laboratory QA/QC protocols, Vizsla implements a rigorous internal QA/QC program that includes the insertion of field and lab duplicates, certified reference materials (standards prepared by an independent lab) and blanks into the sample stream. Data verification of the analytical results includes a statistical analysis of the QA/QC data. Results are considered acceptable.
About
Qualified Person and National Instrument 43-101 Disclosure
The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by
Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The technical information has not been verified by
References
- Henneberry, T.R. (2024), Data acquisition and processing report,
Helicopter Borne MobileMT Electromagnetic and Magnetic Survey , Assessment Report Indexing System, Report 41614, https://apps.nrs.gov.bc.ca/pub/aris - Wagner, D. (1995), Soil sampling and percussion drilling on the Thira Property,
Omineca Mining District , BC, Assessment Report Indexing System, Report 24109, https://apps.nrs.gov.bc.ca/pub/aris - Wagner, D. (1996), Assessment report, Diamond drilling on the Thira Property,
Omineca Mining District , BC, Assessment Report Indexing System, Report 24392, https://apps.nrs.gov.bc.ca/pub/aris
Neither the
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 the Company's exploration plans.
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.
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