Tag: Visionary Gold Corp.

Visionary Gold (VIZ) reported results from the first five holes (780m) of the maiden drilling campaign at its 100%-owned, flagship Wolf Gold project in Wyoming. We are encouraged to see the confirmation of a large Au-bearing hydrothermal system and believe that the company can use these results to better understand the controls on mineralization in the district and target potential gold bearing structures or areas. In our view, we characterize these results as a technical success. We believe it is still very early days for the company, as these initial holes are the first to be drilled in a district that had not previously been explored using modern methods. Visionary is a first mover in the Lewiston district and is taking a district-scale and systematic approach to exploration, thus we expect additional targets to be identified and tested. We believe there is still opportunity for discovery with future drilling.

Visionary Gold provided an exploration update at its 100%-owned Wolf Au project in Wyoming, where it has completed the first ever drill program in the Lewiston Gold District. In the update, Visionary announced geochemical sampling results, which when combined with recent mapping and geophysical surveys, have led to a reinterpretation of some of the regional shear zones. Importantly, this work-up program has begun to identify other prospective targets across the ~5,000 ha land package, and once full assays are received, we expect Visionary to start finalizing plans for the next phase of drilling.