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Visionary Copper and Gold Mines Inc.

TSXV:VCGLive AI agent

Callinan Mines, founded by Jack Callinan in 1927, has had a major presence in the Flin Flon mining district in Manitoba, Canada.

Investor website: https://visionarycoppergold.com/

About

Callinan Mines, founded by Jack Callinan in 1927, has had a major presence in the Flin Flon mining district in Manitoba, Canada. The company has a long history of exploring for high-grade base metals deposits, with significant milestones including the discovery of the 777 VMS Mine and a focus on zinc and copper-rich massive sulphide deposits.

Verified company data

Cash position
$144k
Mineral resource
The Point Leamington Mineral Resource Estimate consists of a pit constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t gold equivalent (“AuEq”) for 402 koz AuEq (145.7 koz gold (“Au”), 60.0 Mlb copper (“Cu”), 153.5 Mlb zinc (“Zn”), 2.0 Moz silver (“Ag”), 1.5 Mlb lead (“Pb”)), an pit constrained Inferred Mineral Resource of 13.7 Mt grading 2.24 g/t AuEq for 986.5 koz AuEq (354.8 koz Au, 110.2 Mlb Cu, 527.3 Mlb Zn, 6.2 Moz Ag, 7.0 Mlb Pb) and an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 3.06 g/t AuEq for 168.5 koz AuEq (65.4 koz Au, 13.3 Mlb Cu, 102.9 Mlb Zn, 1.4 Moz Ag, 2.6 Mlb Pb).
Projects
["Pine Bay Project: Located within the prolific Flin Flon Mining District, Callinex owns a 100% interest in the claims at the Pine Bay project which consists of an over 6,000 hectare land package along a 10km favorable trend of felsic volcanic rocks within the Flin Flon Greenstone Belt. The project area is located 16km from the City of Flin Flon and is accessible by paved and all-weather gravel roads with established access to power, reliable water sources, and has the ability to operate year-round.","Nash Creek Project: The Nash Creek Property (Property) is located in Restigouche County in northeast New Brunswick and is situated approximately 18 kilometres (km) east of the Port of Belledune and 45 km northwest of city of Bathurst. The Property is comprised of seven contiguous mineral claims, totaling 15,542.31 hectares. Access to the Property is excellent via highway and is adjacent to the nearby Port of Belledune where there is a lead/silver smelter, power plant, deep water port and railway hub with direct access to a zinc smelter in Valleyfield, QC. The initial PEA outlines a 10-year, 3,900 tpd open-pit mining operation with a Dense Media Separation (“DMS”) plant and 1,950 tpd conventional flotation process facility at the Nash Creek Project (the “Project”). The mine plan generates a strong economic return with a pre-tax internal rate of return (“IRR”) of a 34.1% (25.2% post-tax) and a pre-tax Net Present Value (“NPV”) at an 8% discount rate of C$230 million (C$128 million post-tax) based on pre-production capital costs of C$168 million and a zinc price of US$1.25/lb.","Point Leamington Project: The Point Leamington Project is a 100% owned gold-zinc-copper volcanogenic massive sulphide (VMS) deposit located in the mining-friendly jurisdiction of Newfoundland, Canada. Discovered in the 1970s by Noranda, the project was advanced as a potential open-pit operation before being sold to Rubicon Minerals in 1997. An option agreement with BHP Billiton in 1999 aimed to earn up to 70% interest. The deposit starts at surface and extends to a vertical depth of approximately 350m, with high-grade mineralization open for expansion down-plunge and along strike. The project benefits from excellent infrastructure, including road access and proximity to power, making it highly accessible for exploration and potential development."]
Leadership
Max Porterfield (PRESIDENT, CEO AND DIRECTOR, Over two decades experience in natural resources and financial markets, previously with Uranium Energy Corp, Gold Mining Inc. and US Global Investors. Oversaw the expansion of Visionary’s exploration portfolio and key discoveries.), Mike Muzylowski (GEOLOGIST & ADVISOR, Involved in the discovery of 12 VMS mines in the Flin Flon District of Manitoba, Canada. His discoveries include the Trout Lake mine, which operated from 1982-2012. Mr. Muzylowski received the 1988 PDAC Developer of the Year award and is a 2011 inductee into the Canadian Mining Hall of Fame.), Peter R. Jones (MINING ENGINEER & ADVISOR, Former Hudbay CEO who led the development and construction of several mines in the Flin Flon Greenstone Belt including 777 and Lalor. Previously served as Chairman of the Mining Association of Canada and awarded Turnaround Entrepreneur of the Year, Prairie Region, by E&Y.), Margaret Head-Steppan (ELDER, Hereditary Elder, community leader and great-granddaughter of Métis prospector David Collins, who discovered the giant Flin Flon mine. She integrates First Nation wisdom and environmental stewardship into mineral exploration.), Alan Vowles (GEOPHYSICS, Over 35 years of VMS exploration experience within North America and an integral member of the HudBay team that discovered the Lalor deposit in Manitoba. Mr. Vowles is a recipient of the PDAC Bill Dennis Prospector of the Year Award for his role in Lalor Mine’s discovery.), Killian Ruby (CHIEF FINANCIAL OFFICER, A Chartered Professional Accountant, formerly an Assurance Partner at Wolrige Mahon LLP (now Baker Tilly Canada) and prior to that, a Senior Manager with KPMG, working predominantly with public companies.), Steven Piercey, Ph.D. (GEOLOGY, Economic geologist and VMS expert, one of the foremost experts in North America for VMS deposits. Recipient of the Duncan Derry Medal, the highest award bestowed by the Mineral Deposits Division of the Geological Association of Canada.), Yeonuk Choi, PH.D. (METALLURGY, Over three decades of experience developing new processing for precious metals extraction globally for Barrick, Noranda, and Korea Zinc including the first commercial cyanide-free gold process. Currently is President and Chief Technology Officer for YaKum Consulting Inc.), Peter Kondos, Ph.D. (METALLURGY, Experienced metallurgist who has been an innovator at the forefront of new green technologies that have revolutionized the recovery of precious metals from various deposit types. CEO of YaKum Consulting Inc., former Senior Director, Strategic Technology Solutions for Barrick and various senior roles with Inco, Noranda and others.)

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