Viridian Metals Highlights Copper-Rich Zones up to 4.15% Cu at Kraken Ahead of 2026 Drill Program

Executive Summary

• Viridian Metals announced a 50-hole diamond drill program at its Kraken magmatic sulphide project in Labrador to systematically follow up on high-grade copper-rich zones and expand the Main Zone.
• The program will evaluate peripheral targets like Venus, where previous drilling intersected massive sulfides and base/precious metals, with the target remaining largely untested.
• The company highlighted its extensive copper-focused land position in Newfoundland and Labrador, encompassing the drill-tested Kraken system and the basin-scale Sedna project, positioning itself to capitalize on structural shifts in the copper market.

Key Details

• 2026 Drill Program: 50-hole diamond drill program planned to provide scale and flexibility for follow-up drilling and target evaluation.
• Kraken Main Zone: 2024 drilling previously intersected copper grades up to 4.15% Cu; the new program aims to expand this zone and connect broad-spaced and tighter-spaced drilling into a continuous drill-defined mineralized footprint.
• Venus Target Intercepts: Previous drilling intersected massive sulfides from surface, including:
• 12.75m @ 0.16% Ni, 0.1% Cu, 0.02% Co (including 1.85m @ 0.7% Ni, 0.3% Cu, 0.07% Co starting at surface)
• 7.55m @ 0.4% Ni, 0.2% Cu, 0.05% Co from surface
• Associated precious metals up to 0.76 g/t Pt, 0.33 g/t Pd, and 0.45 g/t Au
• Land Position & Sedna Project: Controls the largest copper-focused land position in Newfoundland and Labrador. The Sedna project spans >2,000 km² and has confirmed geological architecture (deeply rooted structural plumbing, laterally extensive reduced stratigraphic horizons, widespread disseminated chalcopyrite) analogous to the Central African Copperbelt and Europe’s Kupferschiefer Basin.
• CuEq Calculation Basis: Copper Equivalent calculated using USD $4.0/lb Cu, $7.5/lb Ni, and $15.0/lb Co, with an 80% recovery rate for Ni and Co. Provided for illustrative purposes only; actual recoveries and metal prices may differ materially.
• Qualified Person: Tyrell Sutherland, P.Geo (Ontario), President and CEO, has reviewed and approved the technical disclosure per National Instrument 43-101.

Notable Quotes

• "Record prices consistently above six dollars per pound are a reflection of what we believe is a permanent structural shift." - Tyrell Sutherland, President and CEO
• "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. Our 2026 program is designed to systematically follow up on these higher-grade zones while continuing to expand the overall footprint of the system." - Tyrell Sutherland
• "Copper is no longer just about the energy transition; it’s about resilience, infrastructure, and national security," Sutherland added. "Projects like ours are positioned to answer that call, as we are operating in one of the safest, most supportive mining jurisdictions in the world." - Tyrell Sutherland