Drill Results
VIZSLA COPPER COMMENCES DRILLING AT THE WOODJAM PROJECT AND PROVIDES UPDATE ON DRILLING AT THE POPLAR PROJECT
Vizsla Copper Commences Woodjam Drilling Amidst Poplar Phase 1 Completion and Market Divergence

Executive Summary
- Woodjam Project: Vizsla Copper has commenced an 8,000-meter drilling program utilizing two diamond drill rigs. The program targets three specific areas: Three Firs (source of mineralized clasts), Great Plains (geophysical anomaly ~4km south of Southeast deposit), and Deerhorn Deposit (expanding southern extent).
- Poplar Project: Phase 1 drilling is complete with over 11,200 meters drilled across 21 holes. Geochemical analysis for these results is currently pending. Previous Thira discovery results included a significant 675.2m interval at 0.40% CuEq.
- Corporate Governance: Susy Horna appointed as Corporate Secretary effective May 14, 2026; Jen Hanson stepping down.
- Future Outlook: CEO Craig Parry indicates the next few months will be "highly active" with a steady stream of news flow expected across the portfolio, including Palmer and Copperview projects.
Material Impact
- Expectation vs. Reality: The commencement of drilling at Woodjam was anticipated following earlier announcements in January/February 2026 regarding exploration budgets and program plans. Therefore, this news is largely priced-in and does not represent a surprise catalyst.
- Progress Verification: The update confirms execution on the Poplar Project (Phase 1 complete) but introduces uncertainty with "geochemical analysis currently pending." While positive for momentum, it delays immediate resource definition compared to previous announcements where specific assay results were released alongside program updates.
- Market Reaction Context: Despite this operational progress and prior significant catalysts (Thira discovery in April, $44M financing in December), the stock price has declined from a high of $2.55 in late January 2026 to $1.23 by mid-May 2026. This divergence suggests market skepticism regarding execution timelines or broader commodity price weakness (copper prices mentioned as $4-$6/lb in quotes).
- Materiality: The news is positive for long-term project advancement but lacks the immediate financial or resource definition impact required to reverse the recent downward trend. It qualifies as Routine - Positive because it confirms planned activities rather than introducing new value drivers like a resource estimate or major financing.
VCU · Price
Company Overview
- Flagship Projects:
- Poplar Project (BC): Hosts the Thira Discovery, a near-surface porphyry Cu-Mo system with significant scale potential (8km alteration corridor).
- Palmer Project (Alaska): High-grade VMS project acquired in Dec 2025; Indicated resources of 4.77Mt @ 1.69% Cu, 5.17% Zn.
- Woodjam & Copperview: Exploration-stage projects targeting porphyry copper-gold systems in British Columbia.
- Development Stage: Exploration and advanced exploration. No production currently.
- Infrastructure: Poplar is in an infrastructure-rich region of BC; Palmer has road access and permits in place.
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Jun 18, 2026 · 08:00