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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Visionary Reports Wide Intersections of Copper and Gold at Pt. Leamington Deposit with Mineralization in Every Hole at the New Kraken Zone

Visionary Copper Confirms Kraken Zone Continuity at Pt. Leamington as Drill Results Validate Resource Expansion Potential

By The Northwire Desk — AI Analysis May 13, 2026 · 08:31 VCG · 0.67 Visionary Copper and Gold Mines Inc.
Executive Summary
  • Event: Release of Phase 1 drill assay results for the Pt. Leamington Project in Newfoundland, dated May 13, 2026.
  • Key Discovery: Confirms continuity of the newly discovered "Kraken zone" and mineralization outside the existing resource estimate.
  • Drill Results: Mineralization intersected in every hole tested over an 800m strike extent (PL-111 to PL-120).
  • Specific Intercepts:
    • Hole PL-118: 9.7m @ 0.62 g/t Au, 21.28 g/t Ag, 0.47% Cu, 2.51% Zn.
    • Hole PL-112 (Kraken): 75.8m @ 0.45% Cu and 23.5m @ 0.43% Cu.
    • Hole PL-119: 92.0m @ 0.21 g/t Au, 0.21% Cu, 0.28% Zn (including higher grade intervals).
  • Resource Context: Current resources stand at ~1.5M oz AuEq total (Indicated + Inferred); results position company to upgrade and expand this estimate.
  • Management Commentary: CEO Max Porterfield states results confirm continuity of Kraken zone and potential for near-surface resource growth.
Material Impact
  • Confirmation vs. Discovery: The "Kraken" discovery was initially announced in March 2026 (NewsId 58881), which was rated Material - Positive. This May release provides the detailed assay data confirming that initial announcement.
  • Expectation Management: The April 2026 news indicated assays were expected by end of April; this release is slightly delayed but fulfills the commitment.
  • Market Impact: While positive, the core narrative (Kraken zone discovery) was already priced in during March when price peaked at $0.97. This news validates the thesis rather than introducing a new catalyst.
  • Resource Upside: The confirmation of mineralization "in every hole" strengthens confidence for future resource estimation and PEA preparation, but does not immediately alter the company's financial status or production timeline.
  • Risk Assessment: As an exploration-stage company with no revenue, this news supports asset value but does not mitigate operational risks or capital needs beyond Phase 1.
VCG · Price
Company Overview
  • Company: Visionary Copper and Gold Mines Inc. (TSX-V: VCG).
  • Flagship Project: Pt. Leamington Deposit, Newfoundland (100% owned).
  • Project Type: Volcanogenic Massive Sulphide (VMS) deposit containing gold, copper, zinc, silver, and lead.
  • Location: ~18 km from town of Pt. Leamington; 20 km from provincial power grid; road accessible.
  • Current Resources:
    • Indicated: 5.0 Mt @ 2.5 g/t AuEq (402 koz).
    • Inferred: 13.7 Mt @ 2.24 g/t AuEq (986.5 koz) + Out-of-pit Inferred 1.7 Mt.
  • Other Projects: Rainbow and Pine Bay deposits in Manitoba (pending AEP approvals).
Read the original news release →

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