Vizsla Resources Begins Exploration at the Kathleen Mountain Copper-Gold Project in Southwestern British Columbia

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(TheNewswire)

 

September 27, 2018 / TheNewswire / Vancouver, B.C. – Vizsla Resources Corp. (the “Company” or “Vizsla”) (TSX-V:VZLA) is pleased to announce that the Phase 2 exploration program has commenced at the Kathleen Mountain copper-gold project (“the Project”).  The exploration program is designed to systematically explore for porphyry style mineralization on the project.  

The Kathleen Mountain copper-gold project is located 50 km northeast of Princeton in the Similkameen Mining Division of British Columbia, Canada.  The Project consists of 4 located mineral claims, covering 2255 hectares. In February of 2018, Vizsla commissioned a 310-line kilometer airborne geophysical survey to Balch Exploration Consulting Inc. The survey covered the entire property area and was flown on lines spaced 75m apart. Collected data included magnetic and radiometric. The second phase of the exploration program is intended to delineate diamond drill targets for follow-up.

Vizsla’s President and CEO, Michael Konnert stated, “Vizsla is very pleased to commence the second phase of our exploration program on the Kathleen Mountain copper-gold project. The company conducted extensive due diligence in acquiring the project and believes there is significant potential for porphyry mineralization similar to the nearby past producing Brenda mine.”

The current exploration program is designed to identify diamond drill targets and will consist of prospecting, geological mapping, soil and rock geochemical sampling and a 3-dimensional induced polarization (3D-IP) survey over the entire grid area, the 3D-IP survey having depth penetration capabilities to 300 meters.

Property Details

The property is located in the Interior Plateau belt of central British Columbia and is underlain by three intrusive bodies: 1) the late Triassic/early Jurassic 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.  The Brenda Cu-Mo-Ag-Au porphyry mine produced 278,000 tonnes of copper, 66,000 tonnes of molybdenum, 125 tonnes of silver and 2 tonnes of gold over a twenty-year mine life (source: Brenda Mines website).

Results of the airborne geophysical survey indicate the presence of a 14 square kilometer area of interest that has the potential to host a mineralized deposit.

The current exploration program is designed to identify diamond drill targets, will consist of prospecting, geological mapping, soil and rock geochemical sampling and a 3-dimensional induced polarization (3D-IP) survey over the entire grid area, the 3D-IP survey having depth penetration capabilities to 300 meters.

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 trading 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 those 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.

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