First Drill Program At The King Solomon Prospect

VANCOUVER - Visionary Gold Corp. reported on the exploration program resulted in a grassroots discovery of nickel-cobalt mineralization at its King Solomon Prospect in Wyoming. Diamond drill hole KS22-003 intersected 44.5 meters (m) of 0.23% nickel, 0.01% cobalt (from 87 m depth), including 17.0 m of 0.42% nickel, 0.23% cobalt and anomalous levels of precious metals. The nickel-cobalt values are associated with disseminated sulfides, pyrite, pyrrhotite, and possible pentlandite, violarite within intermediate and mafic intrusive rock units.

"We are thrilled that systematic regional exploration has led us to a significant new discovery of nickel and cobalt mineralization in Wyoming," commented CEO Wes Adams. "These results confirm the effectiveness of exploration techniques used to evaluate our large land package within the under-explored Wyoming Craton, which has the potential to host multiple types of mineral deposits including copper-nickel-platinum group element deposits. Our primary focus in the immediate future will be to build on this high potential new nickel-cobalt discovery at King Solomon with more drilling. Ramped up regional exploration and potential drilling at our Lewiston-Miz gold target in 2023 are also being considered."

The King Solomon drill target was identified after Visionary discovered surface copper, nickel gold and cobalt mineralization 3 km east of KS22-003 at Black Rock. Subsequently, an induced polarization (IP) geophysical survey highlighted a zone of possible sulfide mineralization below surface copper and zinc soil anomalies (see September 7th, 2022, press release.) The first two holes drilled at King Solomon were KS22-001 and KS22-002. Both holes encountered disseminated to semi-massive sulfide within iron-rich Archean sediments that had anomalous, but insignificant grades of copper and zinc. A third hole, KS2-003 was planned 300 m south of KS22-001 targeting another possible sulfide zone beneath a correspondent nickel-chromium soil anomaly. In this hole, disseminated sulfides were observed at around 100 m depth within intermediate and mafic intrusive rocks beneath the barren sediments. The more dominantly mafic intervals correlated with anomalous nickel, chromium, cobalt, and gold-platinum-palladium values over 68 m, with higher values over 17 m in the middle of the mineralized zone. Holes KS22-004B and BR22-001 intersected zones believed to be from nickel oxides, as no sulfides were observed. It is possible that these intercepts are insignificant, however, were included to highlight the high mineral tenor and potential of the mafic rocks regionally, as those holes were drilled 300 m north and 3 km east of KS22-003, respectively.  Thin section and X-ray diffraction analyses of select samples from these holes will be analyzed to better understand the lithology, sulfide chemistry and geologic order of all mineralized intercepts.  

In 2022 Visionary drilled 514.32 m of diamond core drilling at Wolf and 1014.14 m at Black Rock and King Solomon. Highlights from Drilling at Black Rock are shown in Table 1. Drilling at Wolf yielded low grade gold mineralization at depth, and it is believed that surface mineralization was due to supergene enrichment along the Wolf shear zone, on the Ruby patented claims. Visionary terminated its lease on the Ruby, Mill and Helen G patented claims after drilling concluded in 2022. Visionary has retained all its unpatented claims at the Wolf Gold Project and has permitted an additional 26 drill holes on its Lewiston-Miz target, adjacent to the Wolf claims. Visionary believes that the Lewiston-Miz target is a viable target for hypogene (deep) gold and copper mineralization.

Drill core (HQ ~63.5 millimeters) was geologically logged with samples defined based on observed geological features. Sample intervals were cut in half with a core saw with one half placed in a sample bag and the other retained in the core box for reference. Samples were batch shipped from Visionary's secure logging facility to ALS Global laboratory (ISO/IEC 17025:2017 accredited) using analytical process Au-ICP21, PGM-MS23, ME-MS41 and ME-MS-89 in Reno, NV, or American Analytical Services Inc. (ISO 17025:2005 accredited) using analytical process FA Au/Ag, ICP35 in Osburn, ID. A QA/QC program using the regular insertion of blanks and certified reference materials was maintained throughout the program.