Disseminated on Behalf of: Visionary Copper and Gold Mines Inc.
Max Porterfield, President, CEO, and Director of Visionary Copper and Gold Mines (TSXV: VCG | OTCQX: VCGMF), discusses the company’s exploration focus on Point Leamington, a copper-gold-zinc-silver VMS deposit in Newfoundland, Canada, undergoing its first passive exploration in over 20 years. Operating in one of the world’s top-ranked mining jurisdictions, the company is advancing an open-pittable resource toward a scalable, long-life production scenario at a time when demand for domestically sourced critical minerals is accelerating alongside the global energy transition.
Point Leamington sees its first passive exploration program in over 20 years
Unlike many junior explorers pursuing early-stage grassroots targets, Visionary Copper and Gold is advancing a known, defined resource now undergoing its first exploration program in over two decades. The Point Leamington deposit hosts wide intervals of copper, gold, zinc, and silver, and the company’s Phase I program was designed to both validate the existing resource and test underexplored extensions. Porterfield explains: “Phase I was successful in doing both, validating and expanding the resource… we were successful in expanding the strike [length] to the south on a very large step-out hole.” This approach gives investors exposure to discovery-stage upside anchored by an established resource, with open-pit potential that strengthens the long-term development case.
Critical minerals demand puts Newfoundland’s Point Leamington in focus
With copper demand accelerating alongside the global electrification buildout and critical mineral supply chains under increasing geopolitical scrutiny, Visionary Copper and Gold is well-placed to benefit from the growing North American appetite for domestically sourced base metals. Newfoundland ranks in the top 10 mining jurisdictions globally according to the Fraser Institute, offering established permitting frameworks, long-standing rule of law, and existing regional infrastructure. Porterfield points to the province’s geological track record, noting that “These deposits occur in clusters, which is why they form known mining jurisdictions,” offering a tier-one jurisdiction, defined resource, and expanding land package with leveraged exposure to copper and gold at an early stage of what the company believes is a multi-zone resource story.
Kraken discovery and expanded land package signal the next phase of growth
Recent milestones include the identification of the Kraken zone, a new adjacent area of copper mineralization discovered in hole two of the Phase I campaign, as well as a strategic expansion of the company’s claim area around Point Leamington. Porterfield notes that deposits like Point Leamington often carry adjacent copper potential that goes untested: “Many of them have a robust endowment of copper that sits next to them. … It was something that was overlooked historically and wasn’t adequately tested.” Together, these milestones mark significant progress toward building a larger, multi-zone resource base with an extended mine life. Looking ahead, the company expects to announce a Phase II drill program focused on aggressively upgrading the current resource and delineating Kraken and other new targets across its expanded holdings.
Positioned at the intersection of critical minerals and tier-one Canadian exploration
As Visionary Copper and Gold continues to advance Point Leamington through active drilling and strategic land expansion, it stands at the intersection of critical mineral demand, tier-one Canadian exploration, and an emerging copper exploration story. With a Phase II program on the horizon, the Kraken zone in delineation, and a defined resource primed for growth, the company is positioned for disciplined, discovery-driven advancement in one of Newfoundland’s most prospective mining districts.
Transcript:
Jim Gordon: Hi, I’m Jim Gordon, and you’re watching Market One Minute. Joining us is Max Porterfield. He is the President, CEO, and Director of Visionary Copper and Gold Mines. Max, welcome.
Max Porterfield: Thanks again for having me today.
Jim Gordon: You’re quite welcome, sir. Give us a brief overview of Visionary Copper and Gold, and specifically the Point Leamington project.
Max Porterfield: Visionary Copper and Gold is advancing a portfolio of base and precious projects, rich in both gold and copper deposits across key Canadian mining jurisdictions, with a focus on the deposit, Point Leamington, which sits in the province of Newfoundland, which is a sizable gold, copper-rich project. It also carries a zinc and silver VMS deposit that’s seeing its first passive exploration that we’ve just concluded in over 20 years. We’re advancing as an open-pittable operation, and we’re very excited with our initial results and what’s to come ahead.
Jim Gordon: And Max, have the recent drill results helped validate or expand the existing resource footprint?
Max Porterfield: Phase I was successful in doing both, validating and expanding the resource. On the validation standpoint, a few of the holes that we were drilling were going through an existing resource and confirmed what we already knew and what we enjoyed about Point Leamington, which is those wide intervals of both copper and gold, as well as zinc and silver, that sit within the existing resource.
On the expansion front, we were successful in expanding the strike [length] to the south on a very large step-out hole, the first hole of the campaign, in fact. And then, the focal point from the campaign is hole two, which is where we discovered an adjacent zone of copper mineralization right next to the existing resource, which we’re calling Kraken. Phase I was successful in both defining the existing resource and targeting new areas of expansion, which we’ll begin delineating moving forward.
Jim Gordon: And what makes this zone particularly significant for the overall potential of the Point Leamington project?
Max Porterfield: If you look at a lot of deposits that are like Point Leamington, many of them have a robust endowment of copper that sits next to them. And that was one of the things that we were testing with Phase I. It was something that was overlooked historically and wasn’t adequately tested. We were looking to see if there was potential, and Kraken emerged quickly thereafter, and that’s what we’ve focused on since that first hole into that area.
Jim Gordon: And Max, talk about the advantages of operating in Newfoundland. What does it provide you for continuing to advance Point Leamington?
Max Porterfield: Newfoundland is one of the top jurisdictions globally. In fact, it rates in the top 10 jurisdictions globally from an exploration perspective, according to the Fraser Institute. And that’s supported because of its long-established rule of law, which is very supportive of exploration and development of mines and the permitting regime.
You’ve got that endowment geologically for the pedigree for discoveries to be made, which is why we’re there in the first place. And then all these discoveries historically have led to existing infrastructure in the area with roads and ports. Those types of things all support and make exploration much more viable in making a discovery quickly transition to a development story, and onto production.
Jim Gordon: And you just recently announced an expanded land package at Point Leamington. Can you tell us a bit more about that, and what are your goals, and what do you hope to achieve?
Max Porterfield: If you look at the exploration that’s occurred in the area, it’s been very limited outside a real focal point on the Point Leamington deposit itself. These deposits occur in clusters, which is why they form known mining jurisdictions, and Point Leamington is the only one that’s been discovered in this particular region so far. This expanded land package provides the vision for new discoveries to be made in the region, like Point Leamington, to really build a robust resource base with a very long mine life, which is what we’re looking to achieve there.
Jim Gordon: And Max, finally, for investors who follow Visionary Copper and Gold, what are the milestones or catalysts that they should be paying attention to?
Max Porterfield: It’s really going to be how we’re advancing things at Point Leamington, particularly with the drill bit, and we’ll soon be announcing a planned Phase II program. Phase II is going to be focused on aggressively upgrading the current resource, as well as defining these new areas of growth, like the Kraken that we discussed earlier.
Jim Gordon: Max, thanks for joining us.
Max Porterfield: Thanks again for having me.
Jim Gordon: You’re quite welcome.
About Visionary Copper and Gold Mines Inc.
Visionary Copper and Gold Mines (TSXV: VCG | OTCQX: VCGMF) is advancing its portfolio of base- and precious-metals-rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the 100% owned Point Leamington Deposit in Newfoundland, located in one of the richest VMS and Gold Districts in Canada. The Company prepared a pit constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq for 402 koz AuEq (145.7 koz gold, 60.0 Mlb copper, 153.5 Mlb zinc, 2.0 Moz silver, 1.5 Mlb lead), a pit constrained Inferred Mineral Resource of 13.7 Mt grading 2.24 g/t AuEq for 986.5 koz AuEq (354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver, 7.0 Mlb lead) and an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 3.06 g/t AuEq for 168.5 koz AuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag, 2.6 Mlb lead) (see news release dated October 25, 2021). Additionally, the Company is permitting the Rainbow deposit at its rich VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. The Company prepared an indicated mineral resource on the Rainbow deposit of 3.44 Mt grading 3.59% CuEq for 272.4 Mlb CuEq (238.3 Mlb Cu, 56.9 Mlb Zn, 37.6 koz Au, 692.8 koz Ag, 2.3 Mlb Pb), an inferred mineral resource on the Rainbow deposit of 1.28 Mt grading 2.95% CuEq containing 83.4 Mlb CuEq (72.1 Mlb Cu, 19.5 Mlb Zn, 11.1 koz Au, 222.2 Koz Ag, 0.8 Mlb Pb) and an inferred mineral resource at the Pine Bay deposit of 1.0 Mt grading 2.62% Cu containing 58.1 Mlb Cu (see news release dated July 10, 2023). Additionally, the portfolio includes the Nash Creek Project located in the VMS rich Bathurst Mining District of New Brunswick. A 2018 PEA generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax) at $1.25 Zinc (see news release dated May 14, 2018).
To learn more about Visionary, visit their website. For the latest updates, follow Visionary on social media: Facebook, X, and LinkedIn.
