Alliance Link Magazine, March 2026 - Meet Alaska

Vizsla Copper increases focus on Palmer project

es,” said Vizsla Copper Chairman and CEO Craig Parry. “We reiterate that Palmer is the right asset at the right time, given North America’s hunger for critical minerals. We welcome the opportunity to work constructively in collaboration and consultation with traditional landowners and commu - nities, and look forward to engaging positively with people and groups in the region.” Parry said Vizsla Copper is plan - ning a large summer drill program at Palmer that will focus on multiple sites, including those drilled in 2023 that show impressive critical mineral potential. The Palmer project boasts 12 million metric tons of inferred resource, in - cluding 151.5 million pounds of copper, 1.04 billion pounds of zinc, 124.2 mil - lion pounds of lead, 25.6 million ounc - es of silver, 128,100 ounces of gold, and 3.05 million metric tons of barite. Copper, silver, lead, zinc and barite

have all been dubbed “critical miner - als” by the U.S. Geological Survey and federal officials. In late February, Vizsla Copper se - cured a seven-year extension of its upland mining lease at Palmer Proj - ect. The extension, granted by the Alaska Mental Health Trust Land Of - fice, keeps the lease in good standing through August 2033. “Securing this lease extension provides long-term certainty for con - tinued exploration at Palmer. The project sits within a state-designated multi-use forest that was specifical - ly created to balance environmental protection with responsible resource development. We believe the Palmer Project can advance in a way that re - flects that original vision,” Parry said. In late January, Vizsla Copper’s ef - forts. received a show of support from Gov. Mike Dunleavy. “You have my full support in con - tinuing the exploration and develop -

ment of the Palmer Project through this new relationship, which stands to strengthen Alaska’s role in meet - ing national critical mineral objec - tives while bringing lasting economic benefits to Southeast communities,” Dunleavy said. Vizsla Copper commenced a major winter drilling campaign at the Thi - ra discovery within its Poplar Project in central British Columbia. The pro - gram consists of up to 8,000 meters of core drilling across approximately 16 holes, with two diamond drill rigs now mobilized on site, Vizsla said in a news release. While the Palmer VMS project re - mains Vizsla’s primary flagship, these drilling efforts reflect a broader strat - egy that strengthens its technical depth, capital access and long-term development capacity within Alaska’s mining sector.

financial and technical wherewithal to advance Palmer through permitting and into development, American Pa - cific put the project up for sale. With the completion of the con - current financing for gross proceeds of about $44 million, Vizsla Copper says it is well-positioned to rapidly advance Palmer. “Palmer is a rare high-grade cop - per asset in a strategic location, with strong expansion and exploration po - tential, backed by existing resourc -

with Dowa Metals & Mining Alaska Ltd. owning the remaining interest in the high-grade volcanogenic massive sulfide (VMS) zinc-copper-silver- gold-barite mine project. Last November, Dowa handed over full ownership of Palmer to American Pacific and paid the junior exploration company $10 million for an option to acquire up to 50% of the zinc concen - trate produced from a future mine at the Southeast Alaska project. Without a major backer with the

The Palmer critical and precious metals project in Southeast Alaska has found new momentum during the fall and winter. Vizsla Copper Corp. announced in December its acquisition of the project from American Pacific Mining Corp. American Pacific became involved in the Palmer project through the buy - out of Constantine Metal Resources Ltd. in 2022. As a result of the acqui - sition, the company gained a roughly 45% joint venture interest in Palmer,

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