# Visionary Receives Phase 2 Drill Approval for Its Pt. Leamington Gold/Copper/Zinc/Silver VMS Deposit in Newfoundland

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22

Original source: https://www.newsfilecorp.com/release/312543/Visionary-Receives-Phase-2-Drill-Approval-for-Its-Pt.-Leamington-GoldCopperZincSilver-VMS-Deposit-in-Newfoundland

Publisher: newsfile

Original announcement: 2026-09-02T12:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Visionary Copper and Gold Mines Inc.

- Ticker: VCG

- Exchange: Unavailable

- Region: Newfoundland

- Primary commodity: Gold

- Secondary commodities: Copper, Zinc, Silver, Lead

- Document categories: Resource update, Other

- Extracted: 2026-09-02 13:18:24 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Visionary Copper and Gold Mines Inc. has received approval for its Phase 2 diamond drilling program at the Pt. Leamington VMS deposit in Newfoundland. The program aims to convert Inferred resources to Indicated and define the newly discovered Kraken Zone, which was not included in the 2021 Mineral Resource Estimate.

Reasoning: The announcement focuses on the approval of a new drilling phase to expand and convert an existing resource, highlighted by the discovery of a new zone \(Kraken\) not in the previous estimate.

- Positive factor: Phase 2 drilling approval received

- Positive factor: Discovery of Kraken Zone provides significant resource upside

- Positive factor: Government exploration assistance program support

- Negative factor: Resource estimate is historical \(2021\)

Facts used in scoring: 10

## 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 2021 Mineral Resource Estimate was prepared in a NI 43-101 Technical Report.

Evidence · text

> The NI 43-101 Technical Report had an effective date of August 20, 2021

**Historical Estimate Only**

Polarity: negative

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The resource table provided is from a 2021 estimate, not a new estimate announced in this release.

Evidence · text

> the table below states the mineral resources from the P&E 2021 Technical Report

## Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

## Resource Estimates (10)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-0)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Ticker: VCG

#### Resource Data

- Category: indicated
- Tonnes: 5013000
- Grade: 0.9
- Grade Unit: g/t
- Contained Metal: 145700
- Contained Unit: koz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Standard indicated resource component of the 2021 estimate.

Evidence · table

> 0.90

Context: 5.013

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-1)

silver

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: silver
- Ticker: VCG

#### Resource Data

- Category: indicated
- Tonnes: 5013000
- Grade: 12.2
- Grade Unit: g/t
- Contained Metal: 2
- Contained Unit: Moz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Standard indicated resource component of the 2021 estimate.

Evidence · table

> 12.2

Context: 5.013

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-2)

copper

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: copper
- Ticker: VCG

#### Resource Data

- Category: indicated
- Tonnes: 5013000
- Grade: 0.54
- Grade Unit: %
- Contained Metal: 60
- Contained Unit: Mlb

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Standard indicated resource component of the 2021 estimate.

Evidence · table

> 0.54

Context: 5.013

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-3)

lead

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: lead
- Ticker: VCG

#### Resource Data

- Category: indicated
- Tonnes: 5013000
- Grade: 0.01
- Grade Unit: %
- Contained Metal: 1.5
- Contained Unit: Mlb

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Trace lead component of the 2021 estimate.

Evidence · table

> 0.01

Context: 5.013

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-4)

zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: zinc
- Ticker: VCG

#### Resource Data

- Category: indicated
- Tonnes: 5013000
- Grade: 1.39
- Grade Unit: %
- Contained Metal: 153.5
- Contained Unit: Mlb

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Standard indicated resource component of the 2021 estimate.

Evidence · table

> 1.39

Context: 5.013

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-5)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Ticker: VCG

#### Resource Data

- Category: inferred
- Tonnes: 13727000
- Grade: 0.8
- Grade Unit: g/t
- Contained Metal: 354.8
- Contained Unit: koz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Standard inferred resource component of the 2021 estimate.

Evidence · table

> 0.80

Context: 13.727

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-6)

silver

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: silver
- Ticker: VCG

#### Resource Data

- Category: inferred
- Tonnes: 13727000
- Grade: 14
- Grade Unit: g/t
- Contained Metal: 6.2
- Contained Unit: Moz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Standard inferred resource component of the 2021 estimate.

Evidence · table

> 14.0

Context: 13.727

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-7)

copper

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: copper
- Ticker: VCG

#### Resource Data

- Category: inferred
- Tonnes: 13727000
- Grade: 0.36
- Grade Unit: %
- Contained Metal: 110.2
- Contained Unit: Mlb

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Standard inferred resource component of the 2021 estimate.

Evidence · table

> 0.36

Context: 13.727

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-8)

lead

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: lead
- Ticker: VCG

#### Resource Data

- Category: inferred
- Tonnes: 13727000
- Grade: 0.02
- Grade Unit: %
- Contained Metal: 7
- Contained Unit: Mlb

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Standard inferred resource component of the 2021 estimate.

Evidence · table

> 0.02

Context: 13.727

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/visionary-receives-phase-2-drill-approval-for-its-pt-leamington-gold-copper-zinc--7ca39312-393c-4a96-84d6-a8223d9c0b22#fact-resource-facts-9)

zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: zinc
- Ticker: VCG

#### Resource Data

- Category: inferred
- Tonnes: 13727000
- Grade: 1.74
- Grade Unit: %
- Contained Metal: 527.3
- Contained Unit: Mlb

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-08-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-02T00:00:00.000Z

Reasoning: Standard inferred resource component of the 2021 estimate.

Evidence · table

> 1.74

Context: 13.727

## 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.