Vancouver, British Columbia — March 2, 2026 — Leads & Copy — Visionary Copper and Gold Mines Inc. has announced initial drilling results from the Phase 1 exploration program at its 100% owned Pt. Leamington Project in central Newfoundland.
The company’s program is aimed at expanding the Pt. Leamington volcanogenic massive sulphide (VMS) deposit by testing high-priority exploration targets, focusing on expanding the near-surface resource.
The company has completed 2,119m across six of the seven proposed exploration drill holes, for a total of 2,119m in the previously announced 3,000m drill program. Several additional holes have been added to the current campaign to expedite immediate follow up on newly discovered mineralization.
According to Max Porterfield, Visionary President & CEO, initial results from the Phase I exploration drilling have been a success, with the discovery of the new Kraken copper-rich zone and an extension to the south. Porterfield believes these discoveries, along with other significant intersections from the current drilling program, will positively impact the next Pt Leamington mineral resource estimate.
Dr. Stephen Piercey, P. Geo. and Technical Advisor, said the recent drill program at Pt. Leamington has verified and expanded previous massive sulfide mineralization, while outlining new stringer-style mineralization in the Kraken zone. He added that these results expand the potential for the Pt. Leamington deposit and district.
Peter Jones, P. Eng. and Technical Advisor, commented that the Pt. Leamington deposit offers a compelling opportunity to increase near-surface base and precious metal mineral resources with a focus on copper-rich zones. He believes ongoing exploration, along with extension of mineral resources and by successfully optimizing metallurgical processes, can pave the way for a significant future mining operation.
Drill hole PL-112 intersected the Deposit 27.3m down hole, returning 20.9m of 0.35 g/t Au, 18.25 g/t Ag, 0.30% Cu and 1.96% Zn followed by 51.9m of 0.46 g/t Au, 9.4 g/t Ag, 0.37% Cu and 1.32% Zn beginning at 60.1m including:
8.4 m of 0.48 g/t Au, 11.77 g/t Ag, 0.70% Cu and 2.07% Zn (60.1m to 68.5m)
18.3m of 0.54 g/t Au, 9.76 g/t Ag, 0.61% Cu and 0.86% Zn (72.1m to 90.4m)
19.7 m of 0.49 g/t Au, 10.65 g/t Ag, 0.11% Cu and 1.80% Zn (92.3m to 112.0m)
The company reported that the grades and widths intersected in PL-112 are higher grade and wider than historic holes drilled nearby included in the existing mineral resource estimate. These initial results show the potential to significantly improve the existing resource estimate through infill drilling concurrent with a more comprehensive core sampling program.
Drill hole PL-112 also resulted in the discovery of a new zone of mineralization (the “Kraken”) intersecting 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 “Kraken 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 could be included in an expanded pit.
Drill hole PL-111, the first hole testing a 350m airborne electromagnetic anomaly located immediately to the south of the Deposit intersected 2.8m of massive sulphides at 1.20 g/t Au, 9.96 g/t Ag, 0.62% Cu and 1.87% Zn beginning at 120.3m and 9.2m of stringer mineralization at 1.16 g/t Au and 0.53% Zn from 138.6m to 147.8m.
PL-111 is a 166m step-out from PL-072, drilled in 2000, which intersected 8.08m of 1.08 g/t Au, 4.76 g/t Ag, 0.66% Cu and 0.44% Zn from 176.7m to 184.78m. The airborne EM anomaly was identified in 2007 however no exploration drilling had previously tested this target.
Samples from the gold and copper-rich zones in the Deposit have been taken and submitted for detailed mineralogical studies to understand gold and base metal residence.
A bench scale metallurgical test program in a commercial lab is planned. It will involve flotation to recover copper and zinc, separate arsenic and other minerals, and recover gold. A focus on gold recovery will test and evaluate leaching alternatives to maximize gold recovery. Results will be used for a Preliminary Economic Assessment (PEA) for the Pt. Leamington Project.
The Pt. Leamington Project is located approximately 37km by road and trails from the City of Grand Falls-Windsor and approximately 20km from the provincial power grid.
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.
Source: Visionary Copper and Gold Mines Inc.
