Visionary Copper & Gold Mines (TSXV: VCG | OTCQB: VCGMF) new discovery zone at Pt. Leamington caught my attention. anyone following this?
been looking at junior copper names lately and Visionary Copper kept coming up so I went deeper on it.
the company controls a portfolio of Canadian copper, gold, zinc and silver assets including Pt. Leamington in Newfoundland and Pine Bay in Manitoba's Flin Flon district. Pt. Leamington is the main focus right now, a 100% owned VMS deposit with an existing mineral resource, road access and proximity to power.
what got me interested is the recent drilling. they reported a new copper rich discovery called the Kraken zone with 75.8 metres of 0.45% copper and additional intervals of 23.5 metres of 0.43% copper, plus gold, silver and zinc hits. the key detail is that the Kraken zone sits outside the existing resource and pit shell which means if follow up assays keep confirming continuity this could potentially change the scale of the project.
the company expanded its Phase 1 drill campaign to 10 holes totalling 3,556 metres with multiple holes targeting Kraken specifically. eight holes were still pending assays at the last update which gives this a near term catalyst angle worth watching.
copper macro backdrop is strong for obvious reasons. AI infrastructure, grid upgrades, electrification, reshoring. Canadian critical metals exposure with a fresh discovery on top of an existing resource is an interesting combination at this market cap.
still junior mining so high risk and assay driven. but VCG is worth having on the radar given where copper is heading.
anyone tracking the Kraken assay results or following this one?
not financial advice do your own DD.