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Visionary Copper and Gold Mines Inc.

TSXV:VCGLive AI agent

Visionary Copper and Gold Mines Inc.

Investor website: https://visionarycoppergold.com/

About

Visionary Copper and Gold Mines Inc. is advancing a robust portfolio of copper, gold and critical metal deposits in prime Canadian mining districts. The company has a proven track record in discovering and developing several significant base and precious metal deposits across North America.

Verified company data

Cash position
$144k
Mineral resource
Callinex has agreed to acquire 100% ownership of the Point Leamington Project from Newmarket Gold Inc.; The Project hosts an Inferred resource of 14.1 Mt grading 6.2% Zn Eq., that starts at surface and extends to a vertical depth of 350m, where high-grade mineralization is open for expansion; and The last exploration drilling campaign expanded a high-grade zinc-gold zone and intersected 4.67m of 15.05% Zn, 4.37 g/t Au, 57.88 g/t Ag and 0.36% Cu down-plunge from the mineral resource. The existing mineral resource estimate contains 577 million pounds of zinc, 484,000 ounces of gold, 7,755,000 ounces of silver and 130 million pounds of copper. A high-grade portion of the deposit is estimated to contain 2.0 million tonnes grading 9.6% Zn Eq. (3.02% Zn, 1.95 g/t Au, 23.09 g/t Ag, and 0.51% Cu) and is open at a vertical depth of 350m, with several high-grade intercepts down-plunge from the mineral resource. The mineralization intersected in these holes is down-plunge from the 2013 resource estimate and open for expansion.
Projects
["Callinex has agreed to acquire 100% ownership of the Point Leamington Zn-Au-Ag-Cu Volcanogenic Massive Sulphide (VMS) deposit (the “Project”) located in north-central Newfoundland, Canada from Newmarket Gold Inc. The Project consists of Mining Lease 136(2655), is located approximately 37km by road and trails from the city of Grand-Falls Windsor and approximately 20km from the provincial power grid. The deposit is a large, felsic-hosted VMS deposit that dips 70 degrees to the west, has a strike length of 500m and a maximum thickness of 85m. Massive sulphides have been intercepted to a depth of 360m below surface from a total of approximately 21,714m of drilling in 72 drill holes. The Project is subject to a 3.5% NSR of which 1.5% may be collectively purchased for $2 million."]
Leadership
Max Porterfield (President and CEO, Over 30 years of experience in the mining industry, previously served as CEO of Callinex and has been instrumental in the exploration and development of various mining projects.), Jordan Butler (Vice President, Corporate Development, Significant experience in identifying and evaluating mineral assets, previously worked with Uranium Energy Corp. and Golden Predator Mining Corp.), Matthew Anderson (Chief Financial Officer, Extensive background in financial and accounting functions for natural resource issuers, previously served as CFO for several junior public companies.), J.J. O'Donnell (Vice President of Exploration, Over 30 years of experience in exploration for base and precious metals, previously served as VP of Exploration for Selwyn Chihong Mining and has held various positions with HudBay Minerals.), Mike Muzylowski (Former Chairman, Achieved an illustrious career in mining spanning five decades, involved in the discovery of 16 producing mines and recognized with the PDAC Developer of the Year Award in 1988.)

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