11:26 AM EDT, 05/16/2024 (MT Newswires) -- Vizsla Copper ( VCUFF ) shares were last seen up 11% after on Thursday provided a corporate and strategy update and replaced its chief executive.

Craig Parry has assumed the role of chief executive while remaining as the chair of the company's board. Most recently, as chief executive of IsoEnergy (ISO.V), he turned an early-stage exploration spinout company into a larger discovery success story in the uranium space. Chris Donaldson will step down as CEO effective immediately, but will remain as a director of the company.

Vizsla will be updating the Mineral Resource Estimate for the Poplar Deposit in British Columbia to bring it up to current status. The company acquired the project after it closed on the acquisition of Universal Copper last month.

The project hosts a current undiluted indicated mineral resource of 152.3 million tonnes grading 0.32% copper, 0.09 g/t gold and 2.58 g/t silver and an undiluted inferred mineral resource of 139.3 million tonnes grading 0.29% copper,0.07 g/t gold and 4.95 g/t silver. Very little exploration drilling or ground geophysical surveying has been completed outside of the immediate Poplar deposit area, the company said.

Vizsla shares were last seen up C$0.01 to C$0.10 on the TSX Venture Exchange.

Price: 0.10, Change: +0.01, Percent Change: +11.11