Market One: Visionary Copper and Gold Mines Feature on BNN Bloomberg
Visionary Copper and Gold Mines Inc. Hits Wide Polymetallic Intervals and Discovers New Kraken Copper Zone in Newfoundland
The most recent news (March 2, 2026, and subsequent March 5 summary) confirms the discovery of a significant new copper-rich zone named "Kraken" at the 100% owned Pt. Leamington Project in Newfoundland. Drill hole PL-112 returned 75.8m of 0.45% Cu and 23.5m of 0.43% Cu in this new zone, which sits outside the current resource and pit shell. Additionally, the same hole intersected high-grade polymetallic mineralization within the known resource (51.9m of 0.46 g/t Au, 0.37% Cu, and 1.32% Zn). Drill hole PL-111 successfully extended the deposit's strike length to over 1km, nearly doubling the previous 560m strike.
- Resource Expansion: The discovery of the Kraken zone is a material positive as it represents "blue sky" potential outside the existing 1.4 million ounce AuEq resource.
- Grade and Width: The 75.8m intercept of 0.45% Cu is exceptionally wide for a VMS system and suggests the potential for a significant tonnage increase in future resource estimates.
- Strike Extension: Doubling the strike length to >1km validates the geophysical anomalies identified in 2007 and significantly de-risks the southern portion of the property.
- Validation of Strategy: The results confirm management's thesis that the project was under-explored for decades and contains higher-grade copper "stringer" zones that were previously overlooked.
Visionary Copper and Gold Mines Inc. (formerly Callinex Mines) is a Canadian explorer focused on VMS deposits. - Flagship Project: Pt. Leamington (Newfoundland). A large VMS deposit with an Indicated resource of 5.0 Mt at 2.5 g/t AuEq and an Inferred resource of 13.7 Mt at 2.24 g/t AuEq. - Secondary Project: Pine Bay (Manitoba), featuring the high-grade Rainbow deposit (3.44 Mt at 3.59% CuEq). - Other Assets: Nash Creek (New Brunswick), a zinc-rich project at the PEA stage.