Visionary Metals acquires Slipstream project in Nevada

Executive Summary

• Visionary Metals Corp. has acquired the Slipstream copper-gold-silver porphyry project in Utah/Nevada via staking agreements, consolidating a land position of 468 unpatented mining claims covering approximately 37 square kilometres.
• The project is located in the historic Lucin mining district and exhibits geochemical and geologic characteristics of a porphyry copper-gold system, including peripheral skarn and carbonate-replacement (CRD) components.
• Historical and new sampling data reveals significant mineralization, including gold up to 20.1 g/t, copper up to 5.0%, and silver up to 243 g/t, with a planned work program targeting a first diamond drill program in late 2026.

Key Details

• Acquisition Structure:
  • Arnevut Resources Inc.: Visionary agreed to purchase a 100% interest in eight unpatented mining claims and associated data in exchange for 250,000 shares of Visionary stock and a 1% Net Smelter Return (NSR) royalty on gold, silver, and copper.
  • Royalty Buyback Rights: Visionary has the right to repurchase 50% of combined gold and silver royalties for $500,000 USD prior to commercial production, and 100% of copper royalties for $500,000 USD prior to commercial production.
  • Precious Metals LLC: Visionary agreed to issue 250,000 shares and grant a 0.25% NSR on gold and silver production for 471 contiguous unpatented mining claims surrounding the Arnevut claims.
• Land Position:
  • Total of 468 unpatented mining claims.
  • Approximately 37 square kilometres.
  • Straddles Box Elder County, Utah, and Elko County, Nevada.
  • Located along a northeast-trending corridor of porphyry-related copper-gold mineralization.
• Geological Characteristics:
  • Centered on a porphyritic monzogranite intrusion within the historic Lucin mining district.
  • Features a large hydrothermal system with a 5km by 10km alteration halo.
  • District-scale metal zonation: Copper-gold-molybdenum-bismuth concentrated near the intrusive; lead-zinc-silver with lower-grade gold extends outward into carbonate host rocks.
  • Surface exposures include porphyry styles A and B quartz-chalcopyrite-pyrite veins, garnet-skarn, stratabound sphalerite-galena replacement zones, and jasperoid.
• Historical and New Sampling Data (405 combined samples):
  • Gold: Up to 20.1 g/t; 38 samples > 1.0 g/t; 252 samples > 0.1 g/t (average 1.07 g/t).
  • Copper: Up to 5.0%; 32 samples ≥ 1%; 106 samples > 0.1% (average 0.59%).
  • Silver: Up to 243 g/t; average 20 g/t across all samples; 32 samples ≥ 100 g/t.
  • Zinc: Up to 3.4%; average 0.28%; 48 samples ≥ 1%.
  • Molybdenum: Up to ≥ 1.0%; average 0.01%; one sample ≥ 1%.
• Planned Work Program (2025-2026):
  • Q1 2026: Geologic mapping, systematic outcrop/channel sampling, petrographic/alteration studies, magnetic surveys, ground-based gradient geophysical surveys, and satellite infrared imaging.
  • Q2 2026: Geologic fieldwork, sampling, drill planning, and permitting.
  • Q3-Q4 2026: Targeting first diamond drill program.
• Infrastructure: Proximity to Interstate 80, Union Pacific railway, power, year-round access, and copper smelting capacity.

Notable Quotes

• "The Slipstream project exhibits classic geochemical and geologic characteristics of a porphyry copper-gold system with mineralized peripheral skarn and CRD components intact and visible at surface within the five-kilometre by 10-kilometre alteration halo," commented Wes Adams, chief executive officer of Visionary Metals.
• "Excellent infrastructure, including Interstate 80, Union Pacific railway, power, year-round access and proximity to copper smelting capacity, combined with strong community and state support for mining in both Utah and Nevada makes Slipstream an exciting new discovery opportunity."