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2 stories mentioning VRDN.CNUpdated 19d ago

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Mining & Metals

Viridian Metals Plans to Target High-Grade Copper-Rich Zones Identified Within Kraken Magmatic Sulphide System in Labrador

Viridian Metals (VRDN.CN) on Friday said it is advancing plans to target high-grade copper-rich zones identified within the Kraken magmatic sulphide system in Labrador, where drilling in 2024 intersected copper grades up to 4.15% Cu.The company believes its recently announced 50-hole drill program will provide the scale and flexibility required to systematically follow up on multiple copper-rich zones identified within the broader Kraken system. The program will also evaluate several targets with potential to host additional copper-rich mineralization, it added."Record prices consistently above six dollars per pound are a reflection of what we believe is a permanent structural shift," said Chief Executive Tyrell Sutherland. "What makes Kraken particularly exciting in this environment is that, in addition to demonstrating a large-scale near-surface sulphide system, drilling has already identified localized copper-rich zones grading up to 4.15% Cu."Shares of the company were last seen up $0.005 to $0.47 on the Canadian Securities Exchange.

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Mining & Metals

Viridian Metals Expands Drill Program to 50 Holes at Kraken Copper-Nickel Project

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.

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