Vizsla Copper has signed an option agreement with Trailbreaker Resources to acquire a 100% interest in four claims within the Eagle Lake property, located near Vizsla’s Woodjam copper-gold porphyry project in British Columbia, Canada. In exchange, Vizsla will issue 400,000 common shares to Trailbreaker over a three-year period. The optioned claims cover an area of 6,482 hectares and will be subject to a 2% net smelter return royalty (NSR). Trailbreaker and Teck Resources will retain a 1% NSR on three claims, while Trailbreaker will retain a 2% NSR on the fourth claim. This agreement expands Vizsla’s exploration and development opportunities in the region and strengthens its copper-gold portfolio.
Trailbreaker CEO Daithi Mac Gearailt said: “We are very pleased to come to an arrangement with Vizsla Copper. This is a win-win deal: Vizsla gets to acquire and explore ground to expand their Woodjam project while Trailbreaker retains the Moffat zone area where we have outlined a significant gold-copper zone.”
Vizsla Copper said the new claims, due to their prospective geology, will be a high priority for planned exploration programmes at the Woodjam Project.
Vizsla Copper exploration vice-president Steve Blower said: “These claims are a terrific addition to the Woodjam Project.
“They are proximal to porphyry-related copper-gold deposits and share similar geology. Work on the Trailbreaker claims will be a high priority for the company going forward.”
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