In collaboration with Teck Resources through a Strategic Exploration Alliance, Visionary is focused on making nickel, copper and platinum group element discoveries along a 100km nickel trend, in Wyoming's Granite Mountains.
Teck Resources/Visionary Strategic Exploration Alliance Terms
INITIAL EQUITY INVESTMENT |
- C$1.2M by Teck for 9.9% interest at a premium to market
- 100% of initial equity investment to be allocated by Visionary towards regional EM, follow-up fieldwork and drill program planning and permitting
- EM survey to be begin in Q3 2025
DEAL STRUCTURE |
- Strategic Alliance with initial funding for target delineation work through equity investment; operated by Visionary
- Rights for Teck to elect properties to direct fund exploration to a majority interest of up to
- 70% by spending $6M on King Solomon or Tin Cup and $4M on Diamond Springs, within three years of designation
CONTINGENT EQUITY INVESTMENT |
- Subject to commitment of project grant funding, Teck may match third-party financing of up to C$0.5M equity investment to fund follow-up work including drilling
- Funds from Teck, plus matching grant funds to be allocated by Visionary to alliance expenditures including drilling on existing targets.
- Funds from other investors to be used at Visionary’s discretion (G&A, other projects, etc.).
Priority Prospects
Exploration is focused on several priority prospects of interest that display all of the critical factors for formation of nickel sulfides within 40km2 of claims and state mining leases along 100km nickel trend
King Solomon
- 1km by 600m mineralized ultramafic structure identified with district-scale potential
- Broad zones of mineralization intersected in the 2023 RC drilling program
Tin Cup
- 4.3km long x 150m wide nickel target identified at Tin Cup
- Ultramafic rock outcrops at surface (source of nickel)
- Up to 5.6% Cu, 0.06% Co, 0.2% Ni in separate rock chip samples
- Strong correlation between surface gossans (oxidized metal), metal values in soil samples
- Geophysical anomaly identified below surface soil anomaly, indicating possible nickel sulfide at depth
- Geophysical look-a-like to King Solomon, but a BIGGER geologic structure
- Targeting magmatic copper, nickel, cobalt and PGEs, possible gold in schist and banded iron formation adjacent to ultramafic intrusives
Diamond Springs
Information Coming Soon!