# Visionary Copper and Gold Mines Receives Exploration Permits for Its High-Grade Copper and Gold Pine Bay Project in the Flin Flon Mining District, Manitoba Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3 Original source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1301-tsx-venture/vcg/213239-visionary-receives-exploration-permits-for-its-high-grade-copper-and-gold-pine-bay-project-in-the-flin-flon-mining-district-manitoba.html Publisher: jmn Original announcement: 2026-10-20T06:03:26.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-20T14:19:00.970Z Atlas analysis updated: 2026-10-20T14:19:00.970Z - Company: Visionary Copper and Gold Mines Inc. - Ticker: VCG - Exchange: TSXV - Region: Manitoba - Primary commodity: Copper - Secondary commodities: Gold, Zinc, Silver, Lead - Document categories: Permitting, Resource update - Extracted: 2026-10-20 14:19:01 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Visionary Copper and Gold Mines has received two exploration work permits from the Province of Manitoba for its Pine Bay Project, valid until the end of 2028. The permits authorize diamond drilling, geophysics, and line cutting at the Rainbow and Alberts Lake properties. The company is also awaiting an Advanced Exploration Permit \(AEP\) to support potential early production via a bulk sample. Reasoning: Receipt of exploration permits de-risks the ability to advance the Pine Bay project through 2028. - Positive factor: Permits received allow for surface diamond drilling and geophysics - Positive factor: Permits valid through December 31, 2028 - Positive factor: High-grade Rainbow deposit resource already established - Positive factor: Proximity to existing Flin Flon infrastructure - Negative factor: AEP application for ramp access remains pending Facts used in scoring: 11 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is explicitly stated as a maiden NI 43-101 Mineral Resource Estimate. Evidence · text > maiden NI 43-101 Mineral Resource Estimate ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Resource Estimates (11) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-0) Pine Bay · copper #### Identity - Project: Pine Bay - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:ac821226ebc9b06151c2 - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3442000 - Grade: 3.14 - Grade Unit: % - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Strong indicated resource grade for a VMS deposit. - Positive factor: High grade 3.59% CuEq Evidence · table > 3.14 Context: 3,442,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-1) Pine Bay · gold #### Identity - Project: Pine Bay - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:ac821226ebc9b06151c2 - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3442000 - Grade: 0.34 - Grade Unit: g/t - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Standard byproduct gold grade in a high-grade copper resource. Evidence · table > 0.34 Context: 3,442,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-2) Pine Bay · zinc #### Identity - Project: Pine Bay - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:ac821226ebc9b06151c2 - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3442000 - Grade: 0.75 - Grade Unit: % - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Standard byproduct zinc grade. Evidence · table > 0.75 Context: 3,442,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-3) Pine Bay · silver #### Identity - Project: Pine Bay - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:ac821226ebc9b06151c2 - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3442000 - Grade: 6.26 - Grade Unit: g/t - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Standard byproduct silver grade. Evidence · table > 6.26 Context: 3,442,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-4) Pine Bay · lead #### Identity - Project: Pine Bay - Commodity: lead - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:ac821226ebc9b06151c2 - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3442000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Trace lead content. Evidence · table > 0.03 Context: 3,442,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-5) Pine Bay · copper #### Identity - Project: Pine Bay - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:2fff1afbce9867e0f1ac - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1282000 - Grade: 2.55 - Grade Unit: % - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade inferred resource. Evidence · table > 2.55 Context: 1,282,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-6) Pine Bay · gold #### Identity - Project: Pine Bay - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:2fff1afbce9867e0f1ac - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1282000 - Grade: 0.27 - Grade Unit: g/t - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Byproduct gold grade. Evidence · table > 0.27 Context: 1,282,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-7) Pine Bay · zinc #### Identity - Project: Pine Bay - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:2fff1afbce9867e0f1ac - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1282000 - Grade: 0.69 - Grade Unit: % - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Byproduct zinc grade. Evidence · table > 0.69 Context: 1,282,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-8) Pine Bay · silver #### Identity - Project: Pine Bay - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:2fff1afbce9867e0f1ac - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1282000 - Grade: 5.39 - Grade Unit: g/t - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Byproduct silver grade. Evidence · table > 5.39 Context: 1,282,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-9) Pine Bay · lead #### Identity - Project: Pine Bay - Commodity: lead - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:2fff1afbce9867e0f1ac - Deposit or zone: Rainbow - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1282000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Trace lead content. Evidence · table > 0.03 Context: 1,282,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/visionary-copper-and-gold-mines-receives-exploration-permits-for-its-high-grade--5b01cf39-340e-4e05-8a44-f30987867ac3#fact-resource-facts-10) Pine Bay · copper #### Identity - Project: Pine Bay - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba - Ticker: VCG #### Resource scope - Estimate type: resource - Effective date: 2023-08-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jason Flight - Resource group id: resource:a4da3d9329e4ac24993a - Deposit or zone: Pine Bay - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1006000 - Grade: 2.62 - Grade Unit: % - Cutoff Grade: 1.3 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2023-08-24 #### Metal Equivalent - Metal Eq. Grade: 2.62 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade inferred resource at Pine Bay deposit. Evidence · table > 2.62 Context: 1,006,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.2 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.