Visionary commences fully funded 2026 Phase 1 exploration drilling program at the 100% owned Point Leamington Project in Newfoundland.
- Visionary’s portfolio of scalable Canadian VMS projects is aligned with tightening copper supply and sustained gold demand, a combination reshaping capital allocation and drawing investor attention.
- The company’s flagship Point Leamington project is entering its first modern drill program, reopening a large, near-surface deposit that has not been actively explored in over 20 years.
- Visionary’s heavyweight leadership team is executing on clear 12–18 month catalysts, while the company continues to trade below the quality of its assets relative to neighbouring peers.
By Fabian Dawson, Market One Media Group
Disseminated on Behalf of: Visionary Copper and Gold Mines Inc.
Volcanogenic Massive Sulphide (VMS) deposits are among the mining sector’s densest storehouses of value, formed where ancient volcanic systems concentrated copper, gold, zinc, and silver into compact bodies of mineralization.
Relatively rare, often near surface, and frequently clustered in established districts, these deposits have historically delivered some of the world’s most productive and enduring mines.
Visionary Copper and Gold Mines Inc. (TSXV: VCG | OTCQX: VCGMF) controls several of these systems in Canada, placing the company at the convergence of mineral endowment, jurisdictional stability, and market recalibrating around supply scarcity.
That recalibration is being driven by hard numbers. S&P Global projects global copper demand rising roughly 50 percent to 42 million tonnes by 2040, while mine supply is expected to peak around 2030 and then decline. The result, it warns, is a structural supply gap approaching 10 million tonnes by 2040, a deficit it describes as a systemic risk for global industries.
Gold and silver are tracing a parallel path, driven by geopolitical tension and economic uncertainty that are steering investors and central banks back to tangible stores of value.
Against that backdrop, capital is becoming more selective, favouring projects with scale, jurisdictional clarity, and realistic development pathways over conceptual upside. Visionary’s portfolio fits squarely within that narrowing field.
A portfolio built for this phase of the cycle
Visionary is advancing a diversified portfolio of polymetallic VMS assets across Newfoundland, Manitoba, and New Brunswick. Each core project already hosts an NI 43-101 mineral resource, and one has been advanced to the PEA stage. This is not a grassroots exploration story dependent on a single discovery. It is a value-unlocking story focused on reactivating known systems with modern tools.
The company’s strategy is to reduce geological uncertainty while preserving upside. That approach allows Visionary to prioritize execution at its most advanced asset while retaining optionality across the broader portfolio. At the center of that strategy is Point Leamington.
Peter Dimmell, B.Sc., P.Geo, prospecting at Visionary’s 100%-owned Pt. Leamington Project in Newfoundland.
A large VMS system reawakened
Point Leamington is a gold, copper, zinc, and silver-rich VMS deposit in central Newfoundland, located within a mining lease and close to roads, power, infrastructure, and a skilled workforce. Discovered by Noranda in 1971, the deposit hosts roughly 20 million tonnes of mineralized material across indicated and inferred categories, containing approximately (see Visionary news release October 25, 2021):
- pit-constrained indicated mineral resource of 5.0 million tonnes (t) grading 2.5 grams per tonne (g/t) gold equivalent (AuEq) with 402,000 ounces oz AuEq (comprising 145,700 oz gold, 2.0 million oz silver, 60.0 million pounds (lb) copper, 153.5 million lb zinc and 1.5 million lb lead);
- pit-constrained inferred mineral resource of 13.7 million t grading 2.24 g/t AuEq with 986,500 oz AuEq (comprising 354,800 oz gold, 6.2 million oz silver, 110.2 million lb copper, 527.3 million lb zinc and 7.0 million lb lead);
- out-of-pit inferred mineral resource of 1.7 million t grading 3.06 g/t AuEq with 168,500 oz AuEq (comprising 65,400 oz gold, 1.4 million oz Ag, 13.3 million lb copper, 102.9 million lb zinc and 2.6 million lb lead).
What distinguishes Point Leamington is not simply its size, but how little modern work it has seen. For more than 20 years, the project remained dormant. No contemporary airborne electromagnetic surveys. No systematic testing of depth extensions. No focused drilling of copper-rich footwall zones or near-surface stringer mineralization that was historically under-sampled when metal prices were far lower.
Modern geophysics has since identified multiple conductive anomalies along strike of the existing resource. Borehole electromagnetic data supports continuity between known mineralization and these untested targets. Beneath the main horizon, a Lower Footwall Zone shows copper-dominant mineralization over meaningful thicknesses, much of which sits outside the current pit-constrained resource.
In practical terms, Point Leamington behaves like a district-scale VMS system that was only partially outlined, then left idle.
Visionary’s current drill program marks the first modern exploration campaign ever conducted on the property. It is to determine whether the system expands laterally and at depth in a way consistent with other long-life VMS deposits in Newfoundland.
The fully funded Phase 1 drill program at Point Leamington is targeting along-strike extensions with the potential to materially lengthen the deposit footprint, high-priority electromagnetic anomalies aligned with the mineralized horizon, copper-rich footwall zones not included in the current pit shell, and near-surface in-pit mineralization that was historically under-sampled.
In parallel, the company is advancing metallurgical testing, reworking historic drill core, and aligning geological and processing studies with the goal of updating the resource estimate and advancing toward a Preliminary Economic Assessment if results support it.
This coordinated approach shortens timelines and reduces the risk that exploration success outpaces downstream technical work.
Portfolio depth beyond the flagship
While Point Leamington anchors the narrative, Visionary’s investment case does not rest on a single asset.
In Manitoba’s Flin Flon district, the company controls the Rainbow and Pine Bay deposits, including a high-grade copper-dominant VMS system with an indicated resource grading over three percent copper equivalent. These assets sit within mineral leases, close to power, roads, and existing shafts, and within trucking distance of idle processing infrastructure. This is currently awaiting advanced permitting which are long lead items critical to the project’s development.
In New Brunswick, the Nash Creek project provides an economic anchor. A completed PEA outlined a zinc-lead-silver open-pit operation with strong returns at conservative metal prices. While not the current exploration focus, Nash Creek demonstrates that Visionary’s portfolio includes assets with defined economics, not just geological promise.
Why neighbouring activity matters
In Manitoba’s Flin Flon camp, Marubeni and Japan’s state-backed JOGMEC have committed up to C$18 million alongside Hudbay Minerals to earn interests in copper-rich VMS projects in the district.
In Saskatchewan, Eldorado Gold announced a deal to acquire Foran Mining, including the McIlvenna Bay copper project, in a transaction valued at roughly C$3.8 billion underscoring the high multiples being paid for advanced, copper-rich assets.
This is long-cycle, supply-chain-driven capital targeting exactly the kind of assets Visionary controls: high-grade, polymetallic VMS systems in stable jurisdictions with existing infrastructure.
Visionary’s Rainbow and Pine Bay assets sit in the same district, with comparable geological characteristics and similar logistical advantages. Yet they have not yet been valued as strategic copper inventory.
A similar dynamic is unfolding in Newfoundland, where proven development pathways have changed how VMS systems are viewed. Point Leamington shares geological characteristics with deposits that have successfully transitioned into production, yet it has not been priced as a reactivated, district-scale system.
Leadership with VMS-building DNA
Visionary’s strategy is reinforced by a leadership and technical team shaped by long exposure to Canadian VMS camps.
The company is led by Max Porterfield, President and CEO, who has guided Visionary through the acquisition, consolidation, and advancement of its core assets, including the strategic acquisition of Point Leamington in 2016.
On the technical side, Visionary is advised by Dr. Stephen Piercey, a well-regarded VMS specialist with deep experience in polymetallic districts.
The broader board and advisory group includes former senior executives and geologists from companies such as Hudbay and Noranda, firms that built and operated long-life VMS mines in Flin Flon and Newfoundland. That experience shows up in how Visionary prioritizes step-out drilling, footwall targets, and parallel advancement of metallurgy and economics rather than isolated exploration.
For investors, this is a team that has seen VMS deposits move from geology to development before and is approaching Visionary’s assets with that same discipline as capital becomes more selective.
Our view
Over the next 12 to 18 months, Visionary Copper and Gold has a clear set of milestones that will determine how the market values the company.
Drill results from the first modern exploration program at Point Leamington will test strike extensions and deeper copper-rich zones. Follow-up metallurgical work and a potential updated resource estimate could set the stage for a Preliminary Economic Assessment. In Manitoba, progress toward underground access and bulk sampling at the Rainbow deposit remains another tangible catalyst.
If Visionary continues to deliver against its upcoming milestones, broader market recognition and a re-assessment of the company’s value are likely to follow as capital concentrates on fewer, higher-quality opportunities.
To learn more about Visionary Copper and Gold, visit their website or follow them on social media:
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