en.Wedoany.com Reported - Visionary Copper and Gold Mines Inc. has submitted an exploration permit application for its Phase II diamond drilling program at the Pt. Leamington project in Newfoundland and Labrador, Canada, aimed at upgrading resources and expanding existing mineral resources at the volcanic massive sulfide (VMS) deposit. Field personnel have been mobilized and are conducting ground verification and site preparation.
Phase I drilling intersected mineralization in all holes at the Kraken Zone, confirming wide intervals of base metal mineralization over more than 800 meters of strike. Hole PL-112 returned 75.8 meters grading 0.45% copper, including 12.0 meters grading 1.09% copper, and 23.5 meters grading 0.43% copper; Hole PL-118 returned 41.5 meters grading 0.39% copper, including 7.5 meters grading 0.89% copper; Hole PL-115 returned 52.7 meters grading 0.30% copper.
The company has also submitted work permit applications for exploration, geochemical sampling, and ground geophysical surveys covering all 21 mineral claims within the newly expanded land package of approximately 30,000 hectares (300 square kilometers). The newly expanded area includes the Lewis Lake target, which hosts the same Wild Bight Group stratigraphy as Pt. Leamington. A 2000-2001 exploration program by Billiton/Rubicon concluded that the Lewis Lake area had established "an environment permissive for hosting a large massive sulfide deposit." No exploration drilling has been conducted in the area since 2001.
Other key results from Phase I drilling include: Hole PL-111 extended the deposit strike to over 1 kilometer, intersecting 2.8 meters grading 1.20 g/t gold, 9.96 g/t silver, 0.62% copper, and 1.87% zinc outside the existing resource boundary; Hole PL-119 returned a broad mineralized interval of 92.0 meters grading 0.21 g/t gold, 0.21% copper, and 0.28% zinc; Hole PL-118 confirmed shallow gold and copper mineralization outside the existing resource.
Phase II drilling will be based on the existing mineral resource at Pt. Leamington. The deposit hosts an open-pit constrained indicated mineral resource of 5.0 million tonnes at a gold equivalent grade of 2.5 g/t, containing 402,000 ounces of gold equivalent; an open-pit constrained inferred mineral resource of 13.7 million tonnes at a gold equivalent grade of 2.24 g/t, containing 986,500 ounces of gold equivalent; and an out-of-pit inferred mineral resource of 1.7 million tonnes at a gold equivalent grade of 3.06 g/t, containing 168,500 ounces of gold equivalent.
Priority exploration targets at the Lewis Lake target include: downhole conductors identified in historical drilling; high-priority surface electromagnetic (EM) conductors that could not be tested in 2001 due to swamp conditions; multiple downhole borehole pulse electromagnetic (BPEM) anomalies; and partially tested large induced polarization (IP) chargeability anomalies and the Teddy's Barn surface showing, where rock sample analysis returned up to 676 ppm copper, with adjacent samples yielding 6,334 ppm copper and 1,273 ppm zinc.
The regional exploration program includes geological reinterpretation of all claims, integration of over 1,150 line-kilometers of historical geophysical data, and surface exploration, soil geochemistry, and ground geophysical surveys targeting IP anomalies and untested airborne conductors.
The Pt. Leamington project is located approximately 37 kilometers from the town of Grand Falls-Windsor and about 20 kilometers from the provincial power grid. The deposit is a felsic-hosted VMS deposit dipping 70 degrees west, with a strike length exceeding 560 meters, a maximum thickness of 85 meters, and has been delineated to a depth of 360 meters below surface through 72 drill holes totaling approximately 21,714 meters.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
