Mentioned:
A publicly traded company is looking to make the next big copper discovery in Canada. And they’ve just been awarded a permit to begin drilling.
What’s happening:
- Vizsla Copper (TSXV: VCU) has officially received an exploration permit for their Copperview Project located in central British Columbia, Canada
Why it matters:
- Vizsla Copper's Copperview Project is located just a few kilometres north of where Kodiak Copper's (TSXV: KDK) Gate Zone project previously made a significant copper discovery and notably led to Teck Resources (NYSE: TECK) taking a 9.9% equity stake in the company
Going deeper:
- The new drill permit will allow Vizsla Copper to do exploration work as well as limited construction for access trails for the next five years at the Copperview Project
- Vizsla Copper was initially spun out of Vizsla Silver (NYSE: VZLA) and is backed by Canadian natural resource incubator Inventa Capital
The intrigue:
- Copper projects located in Canada have been continuing to come into focus lately in the public markets, with OR Royalties (NYSE: OR) and Ocean Partners just recently committing $96M CAD in new funding to Canadian Copper (CSE: CCI)
