Visionary Receives Phase 2 Drill Approval for Its Pt. Leamington Gold/Copper/Zinc/Silver VMS Deposit in Newfoundland
Original announcement by tmx on
- Company
- Visionary Copper and Gold Mines Inc.
- Ticker
- VCG
- Exchange
- TSX
- Region
- Newfoundland
- Primary commodity
- Gold
- Secondary commodities
- Copper, Zinc, Silver, Lead
- Document categories
- Resource update, Other
- Extracted
- 2026-09-19 02:28:34 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Visionary Copper and Gold Mines Inc. has received approval for its Phase 2 diamond drilling program at the Pt. Leamington VMS deposit in Newfoundland. The program aims to convert Inferred resources to Indicated and define the newly discovered Kraken Zone, which was not included in the previous 2021 Mineral Resource Estimate.
Reasoning: The announcement focuses on the approval of a new drilling phase to expand a known resource and target a newly discovered zone (Kraken), which provides significant exploration upside.
Positive factors
- Approval for Phase 2 drilling to expand and convert resources
- Discovery of Kraken Zone adds significant upside not in 2021 MRE
- Government exploration assistance program support
- Substantial existing resource base
Facts used in scoring: 15
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides a restatement of the 2021 Mineral Resource Estimate for the Pt. Leamington project.
Evidence · text
“The 2021 Mineral Resource Estimate was prepared by P&E Mining Consultants Inc.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The resource figures provided are from a 2021 Technical Report and are being restated for context.
Evidence · text
“The 2021 Mineral Resource Estimate was prepared by P&E Mining Consultants Inc.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Jason Flight, P.Geo is named as the Qualified Person who reviewed and approved the technical information.
Evidence · text
“The technical information contained in this news release has been reviewed and approved by Jason Flight, P. Geo, a "qualified person" under NI 43-101.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is explicitly stated to be from an NI 43-101 Technical Report.
Evidence · text
“The NI 43-101 Technical Report had an effective date of August 20, 2021”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The document discloses the NSR cut-off grades used for the 2021 estimate.
Evidence · text
“The 2021 Mineral Resource Estimate used C$25/t NSR cut-offs for pit-constrained Indicated and Inferred Mineral Resources and C$75/t for out-of-pit Inferred Mineral Resources.”
Extracted facts
Stored fact records: 15. Some facts used in scoring do not have a stored record.
Resource Estimates (15)
indicatedPt. Leamington · goldTonnes: 5013000Grade: 0.9Grade Unit: g/tContained Metal: 145.7Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:4a081cb9e71fb8e053eb
- Deposit or zone
- Pit Indicated
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- indicated
- Tonnes
- 5013000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 145.7
- Contained Unit
- koz
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical indicated resource component of the 2021 estimate.
Evidence · table
“0.90”
Context: 5.013
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
indicatedPt. Leamington · silverTonnes: 5013000Grade: 12.2Grade Unit: g/tContained Metal: 2Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:4a081cb9e71fb8e053eb
- Deposit or zone
- Pit Indicated
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- indicated
- Tonnes
- 5013000
- Grade
- 12.2
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- moz
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical indicated silver component of the 2021 estimate.
Evidence · table
“12.2”
Context: 5.013
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
indicatedPt. Leamington · copperTonnes: 5013000Grade: 0.54Grade Unit: %Contained Metal: 60Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:4a081cb9e71fb8e053eb
- Deposit or zone
- Pit Indicated
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- indicated
- Tonnes
- 5013000
- Grade
- 0.54
- Grade Unit
- %
- Contained Metal
- 60
- Contained Unit
- mlb
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical indicated copper component of the 2021 estimate.
Evidence · table
“0.54”
Context: 5.013
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
indicatedPt. Leamington · zincTonnes: 5013000Grade: 1.39Grade Unit: %Contained Metal: 153.5Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- zinc
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:4a081cb9e71fb8e053eb
- Deposit or zone
- Pit Indicated
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- indicated
- Tonnes
- 5013000
- Grade
- 1.39
- Grade Unit
- %
- Contained Metal
- 153.5
- Contained Unit
- mlb
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical indicated zinc component of the 2021 estimate.
Evidence · table
“1.39”
Context: 5.013
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
indicatedPt. Leamington · leadTonnes: 5013000Grade: 0.01Grade Unit: %Contained Metal: 1.5Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- lead
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:4a081cb9e71fb8e053eb
- Deposit or zone
- Pit Indicated
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- indicated
- Tonnes
- 5013000
- Grade
- 0.01
- Grade Unit
- %
- Contained Metal
- 1.5
- Contained Unit
- mlb
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical indicated lead component of the 2021 estimate.
Evidence · table
“0.01”
Context: 5.013
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · goldTonnes: 13727000Grade: 0.8Grade Unit: g/tContained Metal: 354.8Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:3c3a38824ee9f9ddf11b
- Deposit or zone
- Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 13727000
- Grade
- 0.8
- Grade Unit
- g/t
- Contained Metal
- 354.8
- Contained Unit
- koz
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical inferred gold component of the 2021 estimate.
Evidence · table
“0.80”
Context: 13.727
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · silverTonnes: 13727000Grade: 14Grade Unit: g/tContained Metal: 6.2Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:3c3a38824ee9f9ddf11b
- Deposit or zone
- Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 13727000
- Grade
- 14
- Grade Unit
- g/t
- Contained Metal
- 6.2
- Contained Unit
- moz
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical inferred silver component of the 2021 estimate.
Evidence · table
“14.0”
Context: 13.727
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · copperTonnes: 13727000Grade: 0.36Grade Unit: %Contained Metal: 110.2Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:3c3a38824ee9f9ddf11b
- Deposit or zone
- Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 13727000
- Grade
- 0.36
- Grade Unit
- %
- Contained Metal
- 110.2
- Contained Unit
- mlb
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical inferred copper component of the 2021 estimate.
Evidence · table
“0.36”
Context: 13.727
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · zincTonnes: 13727000Grade: 1.74Grade Unit: %Contained Metal: 527.3Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- zinc
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:3c3a38824ee9f9ddf11b
- Deposit or zone
- Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 13727000
- Grade
- 1.74
- Grade Unit
- %
- Contained Metal
- 527.3
- Contained Unit
- mlb
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical inferred zinc component of the 2021 estimate.
Evidence · table
“1.74”
Context: 13.727
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · leadTonnes: 13727000Grade: 0.02Grade Unit: %Contained Metal: 7Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- lead
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:3c3a38824ee9f9ddf11b
- Deposit or zone
- Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 13727000
- Grade
- 0.02
- Grade Unit
- %
- Contained Metal
- 7
- Contained Unit
- mlb
- Cutoff Grade
- 25
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical inferred lead component of the 2021 estimate.
Evidence · table
“0.02”
Context: 13.727
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · goldTonnes: 1713000Grade: 1.19Grade Unit: g/tContained Metal: 65.4Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:7d57a4ba5fa17d5bf90f
- Deposit or zone
- Out-of-Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 1713000
- Grade
- 1.19
- Grade Unit
- g/t
- Contained Metal
- 65.4
- Contained Unit
- koz
- Cutoff Grade
- 75
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical out-of-pit inferred gold component of the 2021 estimate.
Evidence · table
“1.19”
Context: 1.713
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · silverTonnes: 1713000Grade: 25.5Grade Unit: g/tContained Metal: 1.4Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:7d57a4ba5fa17d5bf90f
- Deposit or zone
- Out-of-Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 1713000
- Grade
- 25.5
- Grade Unit
- g/t
- Contained Metal
- 1.4
- Contained Unit
- moz
- Cutoff Grade
- 75
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical out-of-pit inferred silver component of the 2021 estimate.
Evidence · table
“25.5”
Context: 1.713
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · copperTonnes: 1713000Grade: 0.35Grade Unit: %Contained Metal: 13.3Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:7d57a4ba5fa17d5bf90f
- Deposit or zone
- Out-of-Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 1713000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 13.3
- Contained Unit
- mlb
- Cutoff Grade
- 75
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical out-of-pit inferred copper component of the 2021 estimate.
Evidence · table
“0.35”
Context: 1.713
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · zincTonnes: 1713000Grade: 2.72Grade Unit: %Contained Metal: 102.9Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- zinc
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:7d57a4ba5fa17d5bf90f
- Deposit or zone
- Out-of-Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 1713000
- Grade
- 2.72
- Grade Unit
- %
- Contained Metal
- 102.9
- Contained Unit
- mlb
- Cutoff Grade
- 75
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical out-of-pit inferred zinc component of the 2021 estimate.
Evidence · table
“2.72”
Context: 1.713
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
inferredPt. Leamington · leadTonnes: 1713000Grade: 0.07Grade Unit: %Contained Metal: 2.6Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pt. Leamington
- Commodity
- lead
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- VCG
Resource scope
- Estimate type
- resource
- Effective date
- 2021-08-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jason Flight
- Resource group id
- resource:7d57a4ba5fa17d5bf90f
- Deposit or zone
- Out-of-Pit Inferred
- Mining method
- open_pit
- Material type
- null
Resource Data
- Category
- inferred
- Tonnes
- 1713000
- Grade
- 0.07
- Grade Unit
- %
- Contained Metal
- 2.6
- Contained Unit
- mlb
- Cutoff Grade
- 75
- Cutoff Unit
- C$/t NSR
Prior Estimate
- Resource Date
- 2021-08-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-08-20T00:00:00.000Z
Dates
- Event date
- 2026-09-02T00:00:00.000Z
Reasoning: Historical out-of-pit inferred lead component of the 2021 estimate.
Evidence · table
“0.07”
Context: 1.713
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.0 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.