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Vizsla Resources nixes option on Kathleen Mountain property

Vizsla Resources Corp. terminated its option on the Kathleen Mountain property in British Columbia after exploration results showed the project did not warrant further development.

The company secured the option to acquire the 2,254-hectare property from Platinum Belt Resources Inc. in October 2017.

Vizsla CEO Michael Konnert said March 15 that the company's resources would be better allocated on its wholly owned Blueberry copper-gold project, also in British Columbia, and on assessing other potential projects that would help maximize shareholder value.

The company gained the Blueberry project from its acquisition of privately held NorthBase Resources Inc. in January.