Visionary Receives Exploration Permits for Its High-Grade Copper and Gold Pine Bay Project in the Flin Flon Mining District, Manitoba
Manitoba permits Visionary to advance its high-grade Pine Bay project toward bulk sampling.
Visionary Copper and Gold Mines Inc. (VCG) has received exploration work permits from the Province of Manitoba for its Pine Bay Project, valid through December 31, 2028. These permits authorize surface diamond drilling, geophysics, line cutting, and trail clearing on the Pine Bay and Alberts Lake properties.
The company highlighted the Rainbow deposit, which hosts an Indicated Mineral Resource of 3.44 Mt at 3.59% CuEq. In March 2025, VCG submitted an Advanced Exploration Permit (AEP) application for the Rainbow deposit to facilitate a 10,000-tonne bulk sample and ramp access; the application remains under review.
Additionally, the company entered into a six-month Investor Relations agreement with GRA Enterprises LLC for a total fee of $75,000 USD.
Visionary Copper and Gold Mines Inc. (VCG) has reached a permitting milestone for the Pine Bay Project, maintaining regulatory momentum for the site. The update validates progress toward bulk sampling and potential engineering studies, though it does not alter the near-term catalyst timeline or provide new financial data. This development is incremental to the company's primary focus on the Pt. Leamington Phase 2 drilling program in Newfoundland.
Visionary Copper and Gold Mines Inc. is an exploration-stage company focused on critical metals and base metals. Its flagship asset is the Pt. Leamington VMS deposit in Newfoundland, which hosts gold, copper, zinc, and silver. The deposit contains an indicated resource of 5.0 million tonnes at 2.5 grams per tonne of gold equivalent and an inferred resource of 13.7 million tonnes at 2.24 grams per tonne of gold equivalent. The company has also identified a newly discovered Kraken copper zone at the site.
Other assets include the Pine Bay Project in Manitoba, featuring the Rainbow deposit with an indicated resource of 3.44 million tonnes at 3.59% copper equivalent, and the Nash Creek Project in New Brunswick. The company is currently in the exploration and feasibility development stage.