Core Viewpoint - Visionary Copper and Gold Mines Inc. is advancing its portfolio of critical and precious metal-rich deposits in stable Canadian mining jurisdictions, with a focus on the Point Leamington deposit in Newfoundland, as highlighted in a feature article published on BNN Bloomberg [1][2]. Company Overview - Visionary Copper and Gold Mines Inc. (TSXV: VCG) (OTCQB: VCGMF) is focused on developing a portfolio of base and precious metals deposits located in established Canadian mining jurisdictions [3]. - The flagship Point Leamington deposit is 100% owned by the company and is situated in one of Canada's richest VMS and Gold Districts [3]. Mineral Resources - The Point Leamington deposit has a pit constrained Indicated Mineral Resource of 5.0 million tonnes (Mt) grading 2.5 g/t AuEq, totaling 402 thousand ounces (koz) AuEq, which includes 145.7 koz gold, 60.0 million pounds (Mlb) copper, 153.5 Mlb zinc, 2.0 million ounces (Moz) silver, and 1.5 Mlb lead [3]. - An Inferred Mineral Resource at the same deposit is 13.7 Mt grading 2.24 g/t AuEq, amounting to 986.5 koz AuEq, comprising 354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver, and 7.0 Mlb lead [3]. - Additionally, there is an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 3.06 g/t AuEq, equating to 168.5 koz AuEq, which includes 65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz silver, and 2.6 Mlb lead [3]. Upcoming Exploration Plans - The company is preparing for its first exploration drilling campaign to advance its gold-, copper-, zinc-, and silver-rich VMS assets [2]. - The Rainbow deposit at the Pine Bay Project is also being permitted, with an indicated mineral resource of 3.44 Mt grading 3.59% CuEq, totaling 272.4 Mlb CuEq [3]. - An inferred mineral resource on the Rainbow deposit is 1.28 Mt grading 2.95% CuEq, containing 83.4 Mlb CuEq, and an inferred mineral resource at the Pine Bay deposit is 1.0 Mt grading 2.62% Cu [3]. Economic Potential - The Nash Creek Project, located in the VMS-rich Bathurst Mining District of New Brunswick, has a 2018 Preliminary Economic Assessment (PEA) indicating a pre-tax Internal Rate of Return (IRR) of 34.1% and a Net Present Value (NPV) of $230 million at a zinc price of $1.25 [3].
Market One: Visionary Copper and Gold Mines Feature on BNN Bloomberg