Disseminated on behalf of: Visionary Copper and Gold Mines Inc.
Max Porterfield, President, CEO and Director of Visionary Copper and Gold Mines Inc. (TSXV: VCG | OTCQB: VCGMF), discusses the company’s polymetallic mineral exploration program at its flagship Point Leamington Project in central Newfoundland. The project hosts a confirmed deposit containing copper, gold, zinc, and silver in one of Canada’s most established and mining-friendly jurisdictions. As resource security and critical minerals demand intensify globally, Visionary is expanding its footprint at a project that has now delivered its first drill results.
Point Leamington: A confirmed polymetallic base in a tier-one jurisdiction
Visionary Copper and Gold is a Canadian mineral exploration company advancing base- and precious-metals-rich volcanogenic massive sulphide (VMS) deposits in established mining districts. Its primary asset, Point Leamington, already hosts a defined resource containing four strategically important metals. Unlike early-stage explorers operating on untested ground, Visionary is building from a confirmed foundation. With Newfoundland’s track record of supporting mineral development and existing infrastructure in the region, the project benefits from a permitting environment and logistical profile that reduces development risk.
First drill program validates the resource and reveals something larger
Visionary recently completed its first drill program at Point Leamington, and the results went beyond confirmation. The program validated the existing resource and extended mineralization well beyond its previously defined footprint. More significantly, it produced a new discovery directly adjacent to the deposit: a copper-rich zone named Kraken. According to Porterfield, “every hole drilled into the new zone intersected base metals mineralization,” establishing Kraken as a substantial new source of resource growth heading into Phase 2 exploration drilling.
Copper, gold, and a strengthened strategic position
With copper increasingly viewed as essential to electrification, grid expansion, and energy transition infrastructure, and gold serving its traditional role as a defensive asset, polymetallic VMS deposits offer diversified exposure within a single project. Visionary has also strategically expanded its land position across the surrounding district, consolidating control of prospective ground around the core deposit. This positions the company to fully capitalize on the geological potential of the area and to pursue Kraken and other targets with a larger, more secure tenure base.
Phase 2 drilling targets resource growth beyond the historical boundary
With Kraken established and the land package expanded, Visionary is advancing into Phase 2 exploration drilling. Summarizing the program’s significance, Porterfield noted that Point Leamington is now, “anchored by a confirmed resource, enhanced by a new discovery, and supported by an expanded land package in a top-tier jurisdiction.”
The company is focused on systematically defining the Kraken zone and pursuing additional targets along strike, with the objective of materially growing the overall resource footprint.
Expanding beyond history in a critical minerals market
As Visionary Copper and Gold advances Point Leamington, the company is positioned at the intersection of critical minerals demand and disciplined Canadian exploration. With a successful first drill program behind it, a new zone to define, and an expanded land position secured, Visionary is entering its next phase of growth from a stronger foundation than at any point in its history.
Transcript
Max Porterfield: Visionary Copper and Gold has reached an important milestone at our flagship Point Leamington Project located in central Newfoundland, one of the most established and mining-friendly jurisdictions in the world.
Point Leamington already hosts a confirmed deposit containing four strategically important metals: copper, gold, zinc, and silver. This spring, we completed our first drill program at the project to-date. The results validated the existing resource and meaningfully expanded it, extending the deposit well beyond its previously defined footprint.
More notably, the program delivered a significant new discovery directly adjacent to the existing deposit, copper-rich zone we’ve named Kraken. Every hole drilled into the new zone intersected base metals mineralization, establishing Kraken as a substantial new source for resource growth as we head into Phase 2 exploration drilling.
To support this expanded opportunity, we have also strategically grown our land position across the surrounding district. This consolidates our control of the prospective ground around our core deposit, ensures we are positioned to fully capitalize on the geological potential of the area.
The result is a stronger, larger, and more strategically positioned project than at any point in our company’s history anchored by a confirmed resource, enhanced by a new discovery, and supported by an expanded land package in a top-tier jurisdiction.
About Visionary Copper and Gold Mines Inc.
Visionary Copper and Gold Mines Inc. (TSX-V: VCG) (OTCQB: 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 per cent 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 Oct. 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.
