Northwire Canada EditionWednesday, September 2, 2026
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GOLD 4431.20 +0.8% SILVER 66.00 +1.0% COPPER 6.63 +0.5% OIL 89.57 −0.7% PALLADIUM 1357.25 +2.0% GZD 0.060 +0.0% OOR 0.045 −10.0% VOXR 7.67 +3.4% CGM 0.210 +10.5% VCG 1.55 +7.6% SLR 0.850 −20.6% AEF 0.140 +3.7% GTC 0.950 +1.1% PEMC 0.065 +0.0% CTGO 27.07 +3.6% PUMA 0.120 +4.3% TRR 0.330 +3.1% OGN 4.82 +0.4% ECU 1.73 +1.2% MGMA 0.130 +4.0% GMA 0.260 +2.0% GOLD 4431.20 +0.8% SILVER 66.00 +1.0% COPPER 6.63 +0.5% OIL 89.57 −0.7% PALLADIUM 1357.25 +2.0% GZD 0.060 +0.0% OOR 0.045 −10.0% VOXR 7.67 +3.4% CGM 0.210 +10.5% VCG 1.55 +7.6% SLR 0.850 −20.6% AEF 0.140 +3.7% GTC 0.950 +1.1% PEMC 0.065 +0.0% CTGO 27.07 +3.6% PUMA 0.120 +4.3% TRR 0.330 +3.1% OGN 4.82 +0.4% ECU 1.73 +1.2% MGMA 0.130 +4.0% GMA 0.260 +2.0%
Drill Results Routine +

Visionary Advances on Multiple Fronts at Pt. Leamington: Phase 2 Drilling Permits Submitted; Prospecting Permits Filed for ~30,000 Ha Regional Land Package; Field Personnel Mobilized to Site

Visionary Copper advances Pt. Leamington Phase 2 drilling permits and expands its land package by 30,000 hectares as Kraken Zone validation continues.

By The Northwire Desk — AI Analysis Jun 04, 2026 · 08:31 VCG · 1.31 Visionary Copper and Gold Mines Inc.
Executive Summary
  • The most recent release (June 4, 2026) confirms that Visionary Copper has submitted permits for Phase 2 diamond drilling at the Pt. Leamington VMS deposit to upgrade and expand the existing mineral resource, specifically targeting the newly discovered Kraken Zone.
  • The company has also filed prospecting and ground geophysics permits for a newly expanded ~30,000-hectare regional land package, with field personnel already mobilized to prepare drill sites and ground-truth priority targets in the Lewis Lake area.
  • This announcement serves as a direct operational follow-up to the May 13, 2026 news release, which reported Phase 1 drilling results confirming wide copper and gold intersections across over 800 metres of strike and validating the Kraken Zone.
  • The progression shows the company moving from initial discovery and drilling (Feb-Apr 2026) to full-scale resource expansion and regional exploration (May-Jun 2026).
Material Impact
  • The submission of Phase 2 drilling permits and the mobilization of crews are expected operational steps following the successful Phase 1 results. The market was already aware of the Phase 1 success and the planned Phase 2 campaign.
  • The expansion of the land package to ~30,000 hectares adds strategic optionality but does not immediately change the near-term financial outlook or resource estimates.
  • The news is incremental and execution-focused. It confirms management is following through on its exploration plan, which supports the thesis but does not introduce a fundamentally new catalyst or unexpected valuation driver.
  • Therefore, the impact is Routine - Positive. It validates the exploration timeline but lacks the surprise element required for a Material rating.
VCG · Price
Company Overview
  • Visionary Copper and Gold Mines Inc. is a mineral exploration company focused on base and precious metals in Canada.
  • Flagship project: Pt. Leamington VMS deposit in central Newfoundland, 100% owned.
  • The project features a pit-constrained Indicated resource of 5.0 Mt @ 2.5 g/t AuEq (402 koz AuEq) and an Inferred resource of 13.7 Mt @ 2.24 g/t AuEq (986.5 koz AuEq).
  • The recent Phase 1 drilling discovered the Kraken Zone, a copper-rich lower footwall horizon open over 800+ metres of strike, with wide intersections like 75.8m @ 0.45% Cu.
  • The company is also advancing other assets, including the Rainbow Deposit in Manitoba and the Nash Creek Project in New Brunswick.
Read the original news release →

More from Visionary Copper and Gold Mines Inc.

Sep 02, 2026 · 08:31

Visionary secures Phase 2 drilling approval to advance resource expansion plans at its Pt. Leamington project.

Drill Results Jun 18, 2026 · 08:31

Visionary Copper advances regional geochemistry at Pt. Leamington as phase 2 drilling preparation intensifies.

Drill Results Jun 09, 2026 · 13:11

Visionary Copper’s Kraken zone at Point Leamington expands its critical minerals footprint in Newfoundland with significant new mineralisation discoveries.

Drill Results Jun 01, 2026 · 08:31

Visionary Copper Gains Strategic Backing as Quaternary Exercises Warrants, Eyes Newfoundland VMS Expansion

Financings May 21, 2026 · 08:31

Visionary Expands Land Footprint to 30,000 Hectares as Strategic Investor Backs Growth

Production / Operations May 14, 2026 · 08:31

Quaternary Group nudges stake past 10% threshold, signaling conviction behind Visionary’s polymetallic punch in Newfoundland’s VMS heartland

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