Visionary Copper and Gold Mines Inc. has expanded its exploration plans at the Pt. Leamington project in central Newfoundland, setting a 20,000-metre Phase 2 diamond drilling campaign following an initial Phase 1 program that exceeded its original scope.

The initial Phase 1 campaign was originally planned for 3,000 metres across seven holes, but ultimately expanded to 3,556 metres across 10 holes. That work extended the strike of the massive sulphide mineralized system to over one kilometre and led to the discovery of the Kraken copper-rich footwall stringer zone.

The upcoming Phase 2 program is designed to grow the project's existing mineral resource base, which is 100%-owned by Visionary and comprises 5.013 million tonnes of indicated resources and 13.727 million tonnes of inferred resources. Specifically, the drilling aims to convert approximately 50% of the 13.7 million tonnes of pit-constrained inferred mineral resources into the indicated category through infill drilling, while also further defining the Kraken zone for inclusion in a future resource estimate.

"Phase 1 drilling expanded our Pt. Leamington massive sulphide system and discovered an important new copper-rich footwall stringer zone called Kraken. Phase 2 will build on these results by further exploring and defining Kraken while also extending the massive sulphide resource and improving portions of its categorisation from inferred to indicated."

"Kraken is particularly compelling because of its position in the footwall of our existing massive sulphide deposit. Further defining Kraken's scale and geometry will allow us to include it in our next Pt. Leamington Mineral Resource Estimate adding to the 5.0 million tonnes indicated and 15.4 million tonnes of inferred resources, in our 2021 estimate."

— Jason Flight, Vice President of Exploration

To fund exploration work at the project, Visionary previously closed a non-brokered private placement financing on December 19, 2025, raising gross proceeds of $3,040,262.

Elsewhere in the surrounding district, Canstar Resources reported copper- and zinc-bearing massive sulphide mineralization, including 15.6 metres grading 2.3% copper equivalent at the Mary March project on August 27, 2026, sharing copper and zinc commodities with Point Leamington.

Read the full announcement: Visionary Outlines 20,000-Metre Phase 2 Drill Program to Grow Pt. Leamington Resource and Advance Kraken Copper Discovery