Viridian Releases Initial 2025 Drill Results Confirming Shallow, Continuous Sulphide Mineralization at Kraken

Executive Summary

• Viridian Metals released initial assay results from the first five holes of its 2025 drilling program at the Kraken Main Zone, confirming continuous near‑surface sulphide mineralization over ≈ 80 m of strike.
• Multiple holes returned high‑grade copper intervals (e.g., 1.38 % Cu / 2.14 % CuEq over 0.7 m) and several holes remained mineralized from surface to the end of the hole, indicating a laterally extensive magmatic sulphide system.
• The program has now drill‑tested ≈ 674 m of strike, supporting continuity over >600 m and suggesting the mineralized horizon may extend at least 5 km.

Key Details

• Assay Highlights
• Hole VKS25-023: 22.35 m total length; 0.10 % Ni, 0.08 % Cu, 0.02 % Co → 0.29 % CuEq.
• Hole VKS25-024: 24.05 m mineralized interval; 0.30 % Ni, 0.21 % Cu, 0.04 % Co → 0.77 % CuEq (ending with 0.8 m @ 1.44 % CuEq from 24.25‑25.05 m).
• Hole VKS25-025: 26.25 m total; 0.09 % Ni, 0.06 % Cu, 0.01 % Co → 0.24 % CuEq.
• Hole VKS25-026: 25.30 m total; 0.22 % Ni, 0.22 % Cu, 0.03 % Co → 0.64 % CuEq (ending with 0.5 m @ 0.89 % CuEq from 24.8‑25.3 m).

• Hole VKS25-027: 7.90 m total; 0.31 % Ni, 0.38 % Cu, 0.04 % Co → 0.98 % CuEq.

• Mineralized Thickness

• Continuous mineralization from surface or near‑surface to end of hole in holes 23, 24, 26.

• Sulphide content ranging from ~5 % to 30 %, with massive intervals up to 66 % sulphides.

• Strike Coverage & Potential Extent

• Drill‑tested 674 m of strike; continuity demonstrated over >600 m.

• Geophysical and drilling data indicate the mineralized unit may extend ≥ 5 km along the EM‑defined trend.

• Pending Work

• Assays for an additional 360 m of drilled strike are pending; 17 of 22 bedrock‑reaching holes intersected visual sulphide mineralization.

• Results to be released over the coming months, providing a pipeline of updates.

• Future Plans

• Expanded 2026 drilling program planned to step‑out along the 5 km anomaly and test deeper targets beneath strong conductivity responses.

• Additional holes will target newly identified structural splays where sulphide accumulation is anticipated.

• Technical Notes

• CuEq calculated using USD prices: $4.0/lb Cu, $7.5/lb Ni, $15.0/lb Co; 80 % recovery for Ni and Co.
• QA/QC performed by Activation Labs (ISO/IEC 17025 accredited) with standard reference materials and blanks inserted throughout the sample stream.

Notable Quotes

• “The results delivered by the first five holes of our 2025 program not only reinforce the exceptional grades we established last year but confirm the continuity and scale of this mineralizing system,” – Tyrell Sutherland, CEO.