Northwire Canada EditionMonday, October 19, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +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.

Sep 22, 2026 · 08:31

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

Drill Results Sep 17, 2026 · 08:31

Visionary’s historical core resampling adds no new assays ahead of its planned 20,000m Phase 2 drilling program.

Drill Results Sep 10, 2026 · 08:31

Visionary launches a 20km Phase 2 drill program targeting resource upgrades and defining the Kraken zone.

Drill Results 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