Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Callinex Mines ( (TSE:VCG) ) has shared an announcement.
Visionary Copper and Gold Mines reported strong initial Phase 1 drill results from its Pt. Leamington project in central Newfoundland, highlighted by wide intervals of copper and gold mineralization in hole PL-112. The company is expanding a 3,000m drill program, having already completed 2,119m across six holes, after results showed higher grades and widths than historic drilling near surface.
The campaign has also led to the discovery of the new Kraken copper zone, where PL-112 cut 75.8m of 0.45% copper and an additional 23.5m of 0.43% copper outside the current resource and pit shell. Management and technical advisors say these intersections could significantly improve the next Pt. Leamington mineral resource estimate, increase near-surface copper-focused resources, and enhance the project’s potential to support a sizeable future mining operation.
The most recent analyst rating on (TSE:VCG) stock is a Hold with a C$0.90 price target. To see the full list of analyst forecasts on Callinex Mines stock, see the TSE:VCG Stock Forecast page.
Spark’s Take on TSE:VCG Stock
According to Spark, TipRanks’ AI Analyst, TSE:VCG is a Neutral.
The score is driven primarily by mixed financials: a very low-debt balance sheet provides stability, but ongoing losses, no revenue, and negative cash flow materially constrain the outlook. Technicals are supportive with price above major moving averages and positive momentum indicators, while valuation remains weak due to unprofitability and no dividend support.
To see Spark’s full report on TSE:VCG stock, click here.
More about Callinex Mines
Visionary Copper and Gold Mines Inc. is a Vancouver-based mineral exploration company focused on copper- and gold-rich volcanogenic massive sulphide deposits. Its flagship asset is the 100%-owned Pt. Leamington project in central Newfoundland, a road-accessible property near established towns and provincial power infrastructure, where the company is targeting near-surface base and precious metal resources.
Average Trading Volume: 28,321
Technical Sentiment Signal: Buy
Current Market Cap: C$19.54M
Find detailed analytics on VCG stock on TipRanks’ Stock Analysis page.