Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Visionary begins phase 1 drilling at Point Leamington

Visionary kicks off long-awaited Newfoundland drill program while quietly resetting insider incentives as shareholders sit underwater.

By The Northwire Desk — AI Analysis Feb 03, 2026 · 19:05 VCG · 0.8 Visionary Copper and Gold Mines Inc.
Executive Summary

The most recent news release (February 3, 2026) announces the commencement of a 3,000-meter Phase 1 exploration drilling program at the 100% owned Pt. Leamington Project in Newfoundland. This represents the first exploration drilling at the site in over two decades. The program targets near-surface resource expansion and the "Lower Footwall Zone" (LFZ). Concurrently, the company announced the grant of 1,015,000 stock options at $0.80 and, more notably, the downward re-pricing and extension of 324,167 existing insider options. These options, previously priced between $3.00 and $3.15, have been slashed to $0.80 and extended by five years.

Material Impact
  • Operational Progress: The commencement of drilling is a milestone after years of inactivity. However, a 3,000m program is relatively modest for a project of this scale (18.7 Mt total resource) and is likely only enough to test a handful of targets.
  • Shareholder Alignment: The option re-pricing is a negative signal for external shareholders. By lowering the exercise price from >$3.00 to $0.80 (a ~73% reduction), management has protected itself from the stock’s historical decline, while common shareholders who bought at higher levels remain underwater.
  • Financial Health: The company states the program is "fully funded" following the ~$3.0M private placement closed in December 2025.
  • Historic Context: The reliance on historical drill results (e.g., PL-073 from years ago) highlights that the company is still in the "validation" phase of its modern exploration strategy.
VCG · Price
Company Overview

Visionary is a Canadian explorer focused on VMS (Volcanogenic Massive Sulphide) deposits. - Flagship Project: Pt. Leamington (Newfoundland). It hosts an Indicated resource of 5.0 Mt and an Inferred resource of 15.4 Mt (combined pit and out-of-pit). - Commodity Mix: Gold-heavy (AuEq) but significant Copper, Zinc, and Silver components. - Status: Resource stage, moving toward a Preliminary Economic Assessment (PEA).

Read the original news release →

More from Visionary Copper and Gold Mines Inc.

Nov 10, 2026 · 08:31

Visionary filed the Kismet permit to target Q1 2027 drilling at its Flin Flon hub strategy.

Drill Results Oct 27, 2026 · 08:32

Visionary secures the Pt. Leamington down-plunge trend for nominal consideration.

M&A / Property Oct 22, 2026 · 08:32

Visionary advances VMS exploration at its Pt. Leamington project in Newfoundland through ongoing land consolidation efforts.

M&A / Property Oct 20, 2026 · 08:32

Manitoba permits Visionary to advance its high-grade Pine Bay project toward bulk sampling.

Resource Estimate 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