Core Viewpoint - Visionary Copper and Gold Mines Inc. has announced promising initial drilling results from the Phase 1 exploration program at the Pt. Leamington Project, indicating significant potential for resource expansion and the discovery of a new copper-rich zone named Kraken [1][3][21]. Exploration Program - The company has completed 2,119 meters of drilling across six of the seven proposed drill holes in a planned 3,000-meter program, with additional holes added to follow up on newly discovered mineralization [2]. - The exploration program aims to expand the volcanogenic massive sulphide (VMS) deposit by targeting high-priority areas, particularly near-surface resources [1][3]. Drilling Results - Drill hole PL-112 intersected significant mineralization, including 20.9 meters of 0.35 g/t Au, 18.25 g/t Ag, 0.30% Cu, and 1.96% Zn, and 51.9 meters of 0.46 g/t Au, 9.4 g/t Ag, 0.37% Cu, and 1.32% Zn [6][10]. - The Kraken zone was discovered with intersections of 75.8 meters of 0.45% Cu and 23.5 meters of 0.43% Cu, indicating potential for near-surface resource growth [7][10]. Geological Insights - The drilling has verified and expanded previous massive sulfide mineralization while outlining new stringer-style mineralization in the Kraken zone, suggesting a promising outlook for the Pt. Leamington deposit [3][8]. - The deposit is characterized by multiple stratigraphic levels of mineralization, similar to other large VMS systems globally [8]. Resource Estimates - The Pt. Leamington deposit currently hosts a pit-constrained Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq, totaling 402,000 ounces AuEq, and an Inferred Mineral Resource of 13.7 million tonnes grading 2.24 g/t AuEq, totaling 986,500 ounces AuEq [21][23]. Future Plans - A bench scale metallurgical test program is planned to optimize recovery processes for copper, zinc, and gold, with results intended for a Preliminary Economic Assessment (PEA) for the Pt. Leamington Project [17][23]. - Ongoing exploration and drilling will continue until spring break-up, with a focus on expanding the Kraken copper zone and the overall deposit [8][10].
Visionary Intersects 51.9m of 0.46 g/t Gold, 0.37% Copper and 75.8m of 0.45% Copper at Pt. Leamington, Newfoundland