Northwire Canada EditionThursday, July 16, 2026
Northwire
CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Drill Results Material +

Visionary Intersects 51.9m of 0.46 g/t Gold, 0.37% Copper and 75.8m of 0.45% Copper at Pt. Leamington, Newfoundland

Visionary Discovers New "Kraken" Copper Zone, Expanding Newfoundland VMS Footprint Beyond Existing Resource

Executive Summary

The most recent news (March 2, 2026) reports initial results from the Phase 1 drilling program at the Pt. Leamington Project. Key highlights include: - Discovery of the "Kraken" zone: A new copper-rich zone outside the current resource and pit shell, with intercepts of 75.8m of 0.45% Cu and 23.5m of 0.43% Cu. - Resource Expansion: Hole PL-112 intersected 51.9m of 0.46 g/t Au and 0.37% Cu, while PL-111 extended the deposit strike to over 1km (nearly doubling the previous 560m strike). - Confirmation of VMS Model: Results verify the presence of both massive sulfides and stringer-style mineralization, supporting the potential for a larger-scale operation.

Material Impact

The news is Material - Positive. - Discovery of the Kraken Zone: This is a "new" discovery of mineralization not included in the 2021 resource estimate. Finding 75m of continuous copper mineralization outside the pit shell significantly increases the project's tonnage potential. - Strike Extension: Doubling the known strike length to >1km is a major de-risking milestone for the expansion thesis proposed in late 2025. - Grade Consistency: While the grades are relatively low-to-moderate for a VMS deposit (approx. 0.45% Cu), the widths are substantial (50m-75m), which is conducive to bulk mining methods (open pit) as suggested by management. - Execution: Management successfully executed the plan outlined in the Sept 2025 strategy, moving from financing to drilling to discovery within six months.

VCG · Price
Company Overview

Visionary Copper and Gold (formerly Callinex Mines) is focused on VMS deposits in Canada. - Flagship Project: Pt. Leamington (Newfoundland), a 100% owned VMS deposit. - Current Resource (2021): Indicated 5.0 Mt @ 2.5 g/t AuEq (402 koz) and Inferred 13.7 Mt @ 2.24 g/t AuEq (986 koz). - Other Assets: Rainbow/Pine Bay (Manitoba) and Nash Creek (New Brunswick).

Read the original news release →

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