Northwire Canada EditionSaturday, July 11, 2026
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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 +

Market One: Visionary Copper and Gold Mines Inc. Completes Maiden Drill Program at Point Leamington with New Kraken Zone Discovery

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

By The Northwire Desk — AI Analysis Jun 09, 2026 · 13:11 VCG · 0.97 Visionary Copper and Gold Mines Inc.
Executive Summary
  • The most recent release (2026-06-09) announces the completion of the maiden drill program at the Point Leamington project in central Newfoundland.
  • The program successfully validated and expanded the existing polymetallic resource model.
  • A new adjacent copper-rich zone designated as "Kraken" was identified.
  • The company consolidated its surrounding district land position to strengthen the project footprint.
  • The project aligns with growing global demand for copper and critical minerals.
  • Specific drill intercepts and assay data are referenced in a linked BNN Bloomberg article but are not detailed within this release summary.
  • This follows a sequence of updates from May and June 2026, where Phase 1 drilling confirmed base and precious metal mineralization, permits for Phase 2 were submitted, and a ~30,000-hectare regional land package was expanded.
  • The Quaternary Group increased its beneficial ownership to ~11.24% following a full warrant exercise and open-market purchases.
Material Impact
  • The completion of the maiden drill program and confirmation of the Kraken zone is a positive operational milestone.
  • However, the specific assay data and intercepts were already disclosed in prior releases (e.g., May 13, 2026 and June 4, 2026), making this announcement a routine confirmation rather than a market-moving surprise.
  • The submission of Phase 2 drilling permits and the expansion of the land package to ~30,000 hectares are incremental steps that align with the company's previously stated exploration plan.
  • The increase in ownership by The Quaternary Group to ~11.24% provides a strong endorsement and adds ~$733,334 in working capital, but it is a routine follow-up to their initial entry in May 2026.
  • Overall, the news reinforces the company's exploration narrative but does not introduce fundamentally new financial or operational data that would drastically alter the investment thesis.
VCG · Price
Company Overview
  • Visionary Copper and Gold Mines Inc. is a mineral exploration and development company focused on critical minerals in Canada.
  • Flagship project: Point Leamington VMS deposit in central Newfoundland.
  • 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 newly discovered Kraken zone lies outside the current pit shell and represents a significant near-surface copper expansion opportunity.
  • The company has expanded its land package to ~30,000 hectares, encompassing the historic Lewis Lake area, which is permissive for massive sulphide deposits.
  • Other assets include the Rainbow Deposit (Pine Bay Project) 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 04, 2026 · 08:31

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

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