Visionary Copper and Gold Mines Inc. (TSX-V: VCG; OTCQB: VCGMF) is pleased to provide a comprehensive update on its 100% owned Pt. Leamington Project located in central Newfoundland, approximately 37 km by road / trails from Grand Falls-Windsor and 20 km from the provincial power grid. This update summarises Phase 1 exploration results, the application for Phase 2 drilling permits, and permits for prospecting and ground geophysics over the newly expanded ~30,000-hectare regional land package, and the mobilisation of field personnel for the exploration season.
Max Porterfield, President & CEO of Visionary, stated: “The Phase 1 program delivered everything we hoped for and more with mineralization in every Kraken hole, wide intervals of base metals confirmed across over 800 metres of strike, and results that give us a clear, high-confidence target set for Phase 2. With permits submitted, rigs being lined up, and our people on the ground right now preparing the site and ground-truthing our regional targets, Visionary is executing on all fronts simultaneously. We have never been better positioned to move this project forward.”
Visionary submitted an Application for Exploration Approval to the Newfoundland and Labrador Department of Energy and Mines (Mineral Lands Division) for a Phase 2 diamond drilling program at the Pt. Leamington VMS Deposit on Mining Lease 136. The program is designed to upgrade and expand the existing Pt. Leamington mineral resource and to further define and expand the newly emerging Kraken Zone discovered during Phase 1.
Concurrently, a Planned Exploration Work for Prospecting, Geochemical Sampling and/or Ground-Based Geophysical Surveying permit has been submitted covering all 21 mineral licenses in the recently expanded ~30,000-hectare land package. This permit will support systematic ground truthing of target areas across the newly expanded ground, including the Lewis Lake area.
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