Visionary Copper and Gold Mines Inc.V
Visionary Copper and Gold Mines Inc. (TSXV: VCG, OTCQB: VCGMF; formerly Callinex Mines) holds four 100%-owned volcanogenic massive sulphide (VMS) projects in Canada: Point Leamington in the Buchans camp of central Newfoundland, its current focus, where a 20,000-metre Phase 2 program is expanding the deposit and the new Kraken copper-gold zone; Pine Bay in the Flin Flon district of Manitoba (the Rainbow and Pine Bay deposits); and Nash Creek and Superjack in the Bathurst camp of New Brunswick. Company-wide Indicated resources contain 298,300,000 lb of copper (Point Leamington 60.0 Mlb + Rainbow 238.3 Mlb), with 183,300 oz of gold and about 210 Mlb of zinc in the same tonnes, plus Nash Creek's zinc-lead-silver resource (13.6 Mt at 2.7% Zn Indicated, the subject of a 2018 PEA). Copper leads the portfolio's payable value; gold is about a tenth of it.
Notable vs. Peers
- Financials score of 1.7/10 is weaker than the peer average of 5.5/10.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Combined view across 4 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 298.3M lb CuPoint Leamington VMS Deposit, Buchans Mining Camp, Newfoundland, Canada + Pine Bay Project (Rainbow and Pine Bay deposits, Mineral Lease 59), Flin Flon, Manitoba, Canada
- 802.1M lb ZnNash Creek Project (Hickey and Hayes zones), Restigouche County, New Brunswick, Canada
- 25.2%Nash Creek Project (Hickey and Hayes zones), Restigouche County, New Brunswick, Canada
- 10 yrsNash Creek Project (Hickey and Hayes zones), Restigouche County, New Brunswick, Canada
Jurisdiction (40%)9/10
Newfoundland and Labrador: Fraser PPI 2025 is 93.01 of 100 (rank 7 of 68), which maps to 9 on this site's scale. Its Point Leamington deposit is in Newfoundland's Buchans mining camp, with further projects in Manitoba and New Brunswick, all Tier-1 Canadian mining jurisdictions.
Infrastructure (40%)6.4/10
Confirmed road access at Point Leamington VMS Deposit, Buchans Mining Camp, Newfoundland, Canada; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Hammerdown (New Found Gold Corp.), 54 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer stake on file; largest strategic holder is The Quaternary Group Limited (10.36%) See holders
Not an operating producer, so it isn't the toehold-then-takeout pattern the research documents; a missing producer stake isn't held against a company.
Weight 25% - Distance to a producing mineSub-score:4.9/10
Nearest producing mine: Hammerdown (New Found Gold Corp.), 54 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, CEO and Director of Visionary Copper and Gold Mines Inc. Over two decades of experience in natural resources and financial markets, previously with Uranium Energy Corp, GoldMining Inc. and US Global Investors.
A Director of Northern Shield Resources Inc. (TSXV: NRN), and a Director and Technical Advisor of Visionary Copper and Gold Mines Inc. A professional geoscientist (P.Geo.) and prospector who has been involved in mineral exploration for 57 years, mainly in Canada but also in Mexico and overseas. Worked first with Noranda, then Lacana/Corona, and since 1992 as a mineral exploration consultant and director to a host of junior exploration companies. Critical in the discovery of the Pt. Leamington deposit. A Fellow of Geoscientists Canada, a past president of the Prospectors and Developers Association of Canada, and a Life Member of the Canadian Institute of Mining, Metallurgy and Petroleum. Source: northern-shield.com/company/.
Director of Visionary Copper and Gold Mines Inc. Mining engineer currently serving as Senior VP of Business Development at Stope Capital Advisors. Former Chief Operating Officer of Thani Emirates Resource Holdings Ltd.
Director of Visionary Copper and Gold Mines Inc. Principal in D+H Group LLP with 25 years of accounting experience specializing in First Nations and Canadian mining sectors.
Director and Chief Financial Officer of Equity Metals Corporation; also Chief Financial Officer of Southern Silver Exploration Corp., Gold Springs Resource Corp. and Visionary Copper and Gold Mines Inc. and a director of Paradigm Gold Corporation. (CPA, CA) President and CEO of Malaspina Consultants Inc. in Vancouver, focusing on clients in the resource and junior public sector, advising on financial management and public company reporting. Also principal of the Manex Resource Group of Vancouver, which provides administrative, financial, corporate, corporate finance and geological services to a number of public companies in the mineral resource sector. Previously an Assurance Partner at Wolrige Mahon LLP (now Baker Tilly Canada) working predominantly with resource and other junior public companies, and formerly a Senior Manager with KPMG LLP. Holds a BSc. (Accounting) from University College Cork, Ireland and a Post-Graduate Diploma in Corporate Treasury from Dublin City University, and received his Chartered Accountant designations from Canada and Ireland in 2010 and 2002 respectively.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Visionary Copper and Gold Mines, formerly Callinex Mines, owns four volcanogenic massive sulphide projects in Canada: Point Leamington in Newfoundland's Buchans camp, its current focus, where a 20,000m Phase 2 program is expanding the deposit and the new Kraken copper-gold zone; Pine Bay near Flin Flon, Manitoba, with the Rainbow and Pine Bay deposits; and Nash Creek and Superjack in New Brunswick's Bathurst camp. Company-wide indicated resources contain 298,300,000 lb of copper, 60,000,000 lb at Point Leamington and 238,300,000 lb at Rainbow, with no measured category, plus 253,700,000 lb inferred, and the same tonnes hold 183,300 oz of gold. Its only economic study, the 2018 preliminary economic assessment of Nash Creek and Superjack, which the company still presents as current, shows an after-tax NPV8% of US$98.3M (CAD 127.6M) and a 25.2% IRR for a combined zinc-lead-silver operation over a 10-year mine life.