Northwire Canada EditionTuesday, September 22, 2026
Northwire
GOLD 4377.90 −0.1% SILVER 66.47 +0.1% COPPER 6.86 +1.4% OIL 90.01 −2.5% PALLADIUM 1323.00 +0.5% SRC 1.74 +0.0% MGG 0.315 +0.0% HMR 0.600 +0.0% VCG 1.40 +0.0% KNG 1.11 +0.0% MINE 0.130 +0.0% AEF 0.160 +0.0% MTT 0.270 +0.0% CTGO 26.66 +0.0% RIO 3.60 +0.0% BEA 0.055 +0.0% LCE 0.230 +0.0% MTH 0.030 +0.0% NBY 0.080 +0.0% VML 0.550 +0.0% GGD 4.40 +0.0% GOLD 4377.90 −0.1% SILVER 66.47 +0.1% COPPER 6.86 +1.4% OIL 90.01 −2.5% PALLADIUM 1323.00 +0.5% SRC 1.74 +0.0% MGG 0.315 +0.0% HMR 0.600 +0.0% VCG 1.40 +0.0% KNG 1.11 +0.0% MINE 0.130 +0.0% AEF 0.160 +0.0% MTT 0.270 +0.0% CTGO 26.66 +0.0% RIO 3.60 +0.0% BEA 0.055 +0.0% LCE 0.230 +0.0% MTH 0.030 +0.0% NBY 0.080 +0.0% VML 0.550 +0.0% GGD 4.40 +0.0%
Drill Results Routine +

Visionary Consolidates Ground Down-Plunge from Pt. Leamington Deposit and Southern Trend, Securing Five Airborne EM Conductors on the Host Horizon, Two with Historical Massive Sulphide Boulders

Visionary secures down-plunge and southern trend targets at its Pt. Leamington VMS deposit.

Executive Summary

Visionary Copper and Gold Mines Inc. has consolidated its land package at the Pt. Leamington VMS deposit in Newfoundland, acquiring approximately 3,575 hectares across 143 Mineral Claims. This acquisition secures the interpreted down-plunge projection of the deposit and a roughly 3km segment of the southern trend. The newly acquired ground contains five airborne EM conductors on the same stratigraphic horizon as Pt. Leamington, two of which have historical massive sulphide boulders nearby.

The transaction consideration includes C$10,000 in cash, C$40,000 in common shares, and a 1% Net Smelter Return (NSR) royalty, which is repurchasable for C$1,000,000. The consolidation brings the company’s total land position to approximately 33,000 hectares. This expansion directly supports Visionary Copper and Gold Mines Inc.'s planned 20,000-metre Phase 2 drilling program. TSX Venture Exchange approval is required for the transaction.

Material Impact

Visionary Copper and Gold Mines Inc. (VCG) has completed a routine land acquisition that de-risks its upcoming Phase 2 drilling program by securing geological targets, including down-plunge and southern trend areas, which management has already identified as high-priority. The transaction involves a nominal cash cost of C$10,000 and the issuance of shares valued at C$40,000, resulting in negligible immediate dilution or financial impact. The deal includes a 1% NSR royalty, which is standard for land acquisitions in this jurisdiction and is repurchasable, thereby limiting long-term financial drag.

The announcement serves as a follow-up to previous land expansion and drilling announcements, confirming management's execution of a previously outlined exploration strategy without introducing genuinely new, unexpected, or market-moving information. Consequently, the stock price reaction is likely to be muted.

VCG · Price
Company Overview

Visionary Copper and Gold Mines Inc. is a junior exploration and development company focused on base and precious metals in Canada. Its flagship project is the Pt. Leamington VMS deposit in central Newfoundland. The deposit hosts a pit-constrained Indicated Resource of 5.0 Mt @ 1.42% CuEq (156.8 Mlb CuEq) and a Pit Inferred Resource of 13.7 Mt @ 1.27% CuEq (384.8 Mlb CuEq).

Phase 1 drilling discovered the "Kraken" copper-rich footwall stringer zone, which is not included in the 2021 resource estimate. The company also holds other projects in Manitoba (Rainbow, Pine Bay) and New Brunswick (Nash Creek). Management is led by CEO Max Porterfield and VP of Exploration Jason Flight, P. Geo.

Read the original news release →

More from Visionary Copper and Gold Mines Inc.