Visionary Gold Corp. announced that its 2022 exploration program resulted in a grassroots discovery of nickel-cobalt mineralisation at its King Solomon Prospect in Wyoming. Diamond drill hole KS22-003 intersected 44.5 metres of 0.23% nickel, 0.01% cobalt, 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. Nickel and cobalt play a crucial role in emerging electrification and green energy technologies, and both are now listed as critical and strategic minerals by the United States Government. The King Solomon and Black Rock Prospects are located approximately 15 kilometres north of Jeffrey City, Wyoming along a well-traveled mining haul road.

A high-tension power line and natural gas pipeline are immediately adjacent. 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 geophysical survey highlighted a zone of possible sulfide mineralisation below surface copper and zinc soil anomalies.

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 mineralised 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 mineralised 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 mineralisation at depth, and it is believed that surface mineralisation 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 mineralisation.