Visionary Copper & Gold (TSXV:VCG) - 2026 Resource Growth & Confidence Plan at Point Leamington

Why It Matters

These discoveries could dramatically increase the deposit’s metal tonnage, enhancing the project's economics and positioning Visionary as a key player in Canada’s critical mineral supply chain.

Key Takeaways

• New Kraken copper zone discovered beneath Point Leamington.
• Kraken hole: 76m @ 0.45% Cu, 23m @ 1.5% Cu.
• Strike length now exceeds 1 km, rare for VMS deposits.
• Phase 1 drilling ongoing; 2026 resource update and PEA planned.
• Rainbow/Pine Bay near concentrators, rail, supporting critical minerals.

Pulse Analysis

Polymetallic volcanogenic massive sulfide (VMS) deposits have long been a cornerstone of North America’s base‑metal production, yet many remain under‑explored. Point Leamington, situated in Newfoundland’s mineral‑rich Belt, hosts a pit‑constrained resource of roughly 500,000 ounces of gold and 170 million pounds of copper. The recent identification of the Kraken footwall copper zone adds a new dimension to the project, echoing the structural templates seen at world‑class VMS systems such as Ming and Flin Flon, where copper stringer zones underpin substantial resource upgrades.

The Kraken intercepts—76 metres at 0.45 % copper and a higher‑grade 23‑metre section at 1.5 % copper—signal a robust, laterally extensive mineralized envelope beneath the primary massive sulfide lens. Coupled with a confirmed strike length now exceeding one kilometre, Point Leamington joins a select group of VMS deposits whose tonnage is driven more by strike continuity than depth alone. This geometry typically translates into larger, more economically viable reserves, a factor that will be central to Visionary’s upcoming resource estimate and preliminary economic assessment slated for later this year.

Beyond the technical merits, Visionary’s broader Eastern Canada portfolio strengthens its strategic positioning. The Rainbow/Pine Bay copper asset in Manitoba lies within trucking distance of three concentrators and close to a rail corridor feeding the proposed Churchill port, aligning with federal initiatives to secure critical mineral supply chains. As gold prices stay above $3,000 per ounce and copper demand accelerates amid global energy transitions, Visionary’s early‑stage yet high‑potential VMS assets could attract significant capital, driving both company growth and Canada’s role in the emerging critical minerals market.

Original Description

Interview with Max Porterfield, President & CEO of Visionary Copper & Gold Inc.

Our previous interview: https://www.cruxinvestor.com/posts/visionary-copper-gold-mines-tsxvvgc-pitch-perfect-9001

Recording date: 4th March 2026

Visionary Copper & Gold is focused on unlocking the value of Point Leamington, a polymetallic VMS deposit in Newfoundland, Canada, that holds over 20 million tonnes of gold, silver, copper, and zinc mineralisation and has seen no modern exploration since 2004. The company's current Phase 1 drilling programme is delivering early results that management believes confirm the deposit's potential to grow significantly from its existing resource base.

The deposit's existing pit-constrained resource contains approximately 500,000 ounces of gold, 8 million ounces of silver, 170 million pounds of copper, and 700 million pounds of zinc. Gold currently accounts for approximately 55% of contained metal value. However, the most consequential development from recent drilling is not within the known resource but within the footwall beneath it.

Visionary has confirmed a new copper zone, named Kraken, in the footwall to Point Leamington's main massive sulphide lens. This type of structure is a defining characteristic of the world's largest VMS deposits. At Ming in Newfoundland, a copper stringer zone sits below the main lens. At Flin Flon Bay in Manitoba, the copper-rich footwall accompanies a zinc-dominant main horizon. The first Kraken hole returned a 76-metre interval at 0.45% copper and a second intersection of 23 metres at 1.5% copper which are consistent with the early-stage definition of footwall zones that have materially expanded comparable systems.

Alongside the Kraken results, the company has extended the confirmed strike length of Point Leamington to over one kilometre. This is an important structural distinction. Most large VMS systems — including Ming, Lalor, and 777 in Manitoba — have strike extents of 200 to 250 metres, with their tonnage coming primarily from depth. The small number of VMS systems with significantly longer strike extents, such as Kidd Creek and Flin Flon, have produced some of the largest total resource outcomes globally. Point Leamington's confirmed kilometre-plus strike places it in this rarer category.

The development plan for 2026 is clear and sequenced. Phase 1 drilling will continue stepping out around the Kraken intersection. Phase 2 will follow after ground conditions improve, targeting resource upgrades and further Kraken delineation. A two-phase metallurgical programme will collect data to support economic studies, and the company is targeting an updated resource estimate and a preliminary economic assessment within the year.

Beyond Newfoundland, Visionary holds the Rainbow/Pine Bay copper asset in Manitoba. An advanced exploration permit application is currently under review, and an Environmental Act licence for full-scale production is being prepared. The asset sits within trucking distance of three concentrators and approximately 30 minutes from a rail line linked to Canada's proposed Churchill port export corridor — a route that has attracted attention from federal and provincial governments in the context of critical mineral supply chain security.

The entire Eastern Canada portfolio was assembled in 2016 for $1.1 million. With gold above $3,000 per ounce and structural copper deficits widening, Visionary is positioned at an early stage of what could be a significant resource expansion cycle at one of Canada's most overlooked large-scale VMS systems.

View Visionary Copper & Gold's company profile: https://www.cruxinvestor.com/companies/visionary-copper-gold-mines

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