Northwire Canada EditionSaturday, July 11, 2026
Sign inSubscribe
Northwire
⌕
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 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.

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

Other May 13, 2026 · 15:24

Resource Update Validates Kraken Discovery But Price Action Signals Market Skepticism

Drill Results