Viridian Metals (VRDN.CN) onTuesday said it will begin a minimum 50-hole drill program in early June at its Kraken Copper-Nickel Project in Labrador, aimed at defining the extent of copper-nickel sulphide mineralization identified over an approximately 5-kilometre strike length along the Main Zone.
The company said previous drilling intersected mineralization at roughly one-kilometer intervals, highlighting the scale of the Main Zone discovery.
Viridian added its 2024 and 2025 drilling campaigns confirmed continuity of mineralization at the sub-kilometer scale within the northern portion of the system through tighter-spaced drilling. The 2026 campaign is expected to connect these broader scale and tighter-spaced drilling results into a continuously drill-defined mineralized footprint along the Main Zone.
The program will include approximately 50 diamond drill holes targeting mineralization within 50 meters of surface, and extension drilling on previously reported mineralized intercepts. It will also test newly modeled conductor plates beyond the reach of earlier drilling and do follow-up drilling on conductive targets along the broader Main Zone trend, the company said.
"The 2026 program is designed to connect broad-spaced drilling completed across the 5-kilometer Main Zone with the tighter-spaced drilling completed in the northern portion of the system, advancing Kraken toward a continuous drill-defined footprint," said chief executiv Tyrell Sutherland. "Some previous holes ended in mineralization or stopped short of their target depths, providing immediate opportunities to expand mineralized intercepts by extending existing drillholes. Massive sulphides horizons are generally thicker than anticipated, making these follow-up holes an efficient way to continue building scale within the system. The introduction of downhole EM will assist in vectoring toward these thicker sulphide accumulations as we test along the 5km long body."
Viridian shares last closed unchanged at $0.43 on Canadian Securities Exchange.