Vizsla Copper (TSXV: VCU; US-OTC: VCUFF) plans to move its Palmer copper-zinc project in Alaska toward prefeasibility over the next two to three years, while keeping proposed acquisitions as longer-term upside, Senior Vice-President for Alaska Peter Mercer says.
The company’s 40,000-metre drilling program across Alaska and British Columbia is its largest yet. At Palmer, near Haines in southeast Alaska, the team is testing whether geological controls behind a high-grade copper core can help it find richer zones elsewhere on the property.
“Not all projects have to be advanced at the same time,” Mercer told The Northern Miner last month at the Precious Metals Summit in Beaver Creek, Colo. “We’ve got a great cash position right now, but it’s really going into next year, what provides that value for shareholders and how we can translate that through the drill bit.”
The project sequencing would let Vizsla use its Alaska team across a growing portfolio. Its proposed acquisition of Delta and Helm Bay from Agnico Eagle Mines (TSX, NYSE: AEM) would add two projects and make Canada’s biggest gold producer a major shareholder of Vizsla.
Watch the full interview below:
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