Visionary Concludes Expanded Phase 1 Drilling Campaign at its Pt. Leamington Deposit, Central Newfoundland Ten drill holes completed totalling 3,556 meters with eight holes pending assays of which seven of the holes targeted the newly discovered Kraken copper zone.
Visionary Concludes Expanded Phase 1
Drilling Campaign at its Pt. Leamington
Deposit, Central Newfoundland
Ten drill holes completed totalling 3,556 meters with eight holes pending assays of which
seven of the holes targeted the newly discovered Kraken copper zone.
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2026) - Visionary Copper and Gold Mines Inc.
(TSXV: VCG) (OTCQB: VCGMF) ("Visionary" or the "Company") is pleased to announce the successful
conclusion of its expanded Phase 1 exploration drilling campaign at the 100% owned Pt. Leamington
gold/copper/zinc/silver volcanogenic massive sulphide deposit (the "Deposit") located in Central
Newfoundland. The expanded program encompassed ten drill holes for a total of 3,556 meters of drilling,
exceeding the originally announced seven hole, 3,000m Phase 1 program (
Pt. Leamington Deposit Plan
View with 2026 Drilling
). Of the ten holes drilled during the campaign, two holes were previously
reported, while eight holes are pending assay results.
Max Porterfield, President and CEO of Visionary Copper and Gold Mines Inc., stated "What began as a
3,000-meter program to test key target areas nearby the existing Pt. Leamington mineral resource
quickly evolved with the exciting discovery of the Kraken copper zone. The decision to expand the
campaign reflects my commitment to aggressively advance the Pt. Leamington deposit. Assay results
from the seven holes drilled to test Kraken are eagerly awaited, and I believe the results will further
demonstrate the copper endowment at Pt. Leamington."
Seven of the eight holes pending assays were specifically drilled to test the newly discovered Kraken
copper zone, a significant copper-rich zone identified early in the Phase 1 program (
See News Release
Dated March 2, 2026
). The remaining hole, pending assays, was drilled to test possible resource
expansion of the previously defined Deposit.
Pt. Leamington Deposit Plan View With 2007 Airborne EM & 2026 Drilling
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3408/290832_8caca2f5b489b989_001full.jpg
The Kraken was first identified during the Phase 1 drilling program when drill hole PL-112 intersected
75.8m of 0.45% Cu
(248.2m to 324m) and an additional
23.5m of 0.43% Cu
(342m to 365.5m) on the
newly emerging, lower footwall horizon. The mineralization intersected at Kraken is located outside of the
existing resource and pit shell. The significant thickness and grades intersected have the potential for
near surface resource growth that may be included in a larger open pit resource shell.
The Kraken discovery prompted the Company to expand its drilling beyond the initially planned 3,000
meters, by dedicating seven holes to systematically identify the geometry, grade, and continuity of this
exciting new discovery. The Company looks forward to reporting the Kraken drilling assay results which
are anticipated to be available prior to the end of April.
Phase 1 Drilling Program - Summary of Drill Holes
Drill Hole
Total Length
(m)
Target / Zone
Assay Status
PL-111
363
Resource Expansion
Results Reported¹ - Extended Strike
PL-112
444
Resource Expansion
Results Reported¹ - Kraken Discovery
PL-113
263
Resource Expansion
Pending Assay
PL-114
304
Kraken Copper Lens
Pending Assay
PL-115
330
Kraken Copper Lens
Pending Assay
PL-116
505
Kraken Copper Lens
Pending Assay
PL-117
255
Kraken Copper Lens
Pending Assay
PL-118
364
Kraken Copper Lens
Pending Assay
PL-119
396
Kraken Copper Lens
Pending Assay
PL-120
333
Resource Expansion
Pending Assay
Total
3,556 m
10 Holes
8 Pending
¹ Initial assay results for PL-111 and PL-112 were previously reported on March 2, 2026.
The Phase 1 campaign is the first systematic exploration drilling at the Pt. Leamington deposit in over
two decades. The campaign was designed to test resource expansion opportunities along strike and
within the known deposit footprint as well as to better define the stratigraphic setting and mineralization
controls. The discovery of the Kraken copper zone validates the Company's geological interpretation
and the significant exploration upside at Pt. Leamington.
Qualified Person
The technical information contained in this news release has been reviewed and approved by Aaryn
Hutchins, P. Geo, a qualified person under NI 43-101.
Ms. Hutchins is a consultant for the Company and
is independent of the Company.
Historical information was verified from geological reports filed with the
government by previous operators.
About Visionary Copper and Gold Mines Inc.
Visionary Copper and Gold Mines Inc. (TSXV: VCG) (OTCQB: VCGMF) is advancing its portfolio of
base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus
of the portfolio is highlighted by the 100% owned Pt. Leamington Deposit in Newfoundland, located in
one of the richest VMS and Gold Districts in Canada. The Company prepared a pit constrained
Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq for 402 koz AuEq (145.7 koz gold, 60.0 Mlb
copper, 153.5 Mlb zinc, 2.0 Moz silver, 1.5 Mlb lead), a pit constrained Inferred Mineral Resource of 13.7
Mt grading 2.24 g/t AuEq for 986.5 koz AuEq (354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2
Moz silver, 7.0 Mlb lead) and an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 3.06 g/t AuEq for
168.5 koz AuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag, 2.6 Mlb lead) (see news
release dated October 25, 2021). Additionally the Company is permitting the Rainbow deposit at its rich
VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. The Company
prepared an indicated mineral resource on the Rainbow deposit of 3.44 Mt grading 3.59% CuEq for
272.4 Mlb CuEq (238.3 Mlb Cu, 56.9 Mlb Zn, 37.6 koz Au, 692.8 koz Ag, 2.3 Mlb Pb), an inferred
mineral resource on the Rainbow deposit of 1.28 Mt grading 2.95% CuEq containing 83.4 Mlb CuEq
(72.1 Mlb Cu, 19.5 Mlb Zn, 11.1 koz Au, 222.2 Koz Ag, 0.8 Mlb Pb) and an inferred mineral resource at
the Pine Bay deposit of 1.0 Mt grading 2.62% Cu containing 58.1 Mlb Cu (see news release dated July
10, 2023). Additionally, the portfolio includes the Nash Creek Project located in the VMS-rich Bathurst
Mining District of New Brunswick. A 2018 PEA generates a strong economic return with a pre-tax IRR of
34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax) at $1.25 Zinc (see news
release dated May 14, 2018).
For additional information, please contact:
Visionary Copper and Gold Mines Inc.
Max Porterfield, President and Chief Executive Officer
Phone: (604) 605-0885
E-mail:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Some statements in this news release contain forward-looking information. These statements include,
but are not limited to, statements with respect to future expenditures. These statements address future
events and conditions and, as such, involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the statements. Such factors
include, among others, the ability to complete the proposed drill program and the timing and amount of
expenditures. Except as required under applicable securities laws, Visionary does not assume the
obligation to update any forward-looking statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/290832