Northwire Canada EditionMonday, July 13, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Viridian Metals talks up 2024 Kraken drill results

Viridian Metals Advances 50-Hole Kraken Drill Program Amidst Structural Copper Shift

By The Northwire Desk — AI Analysis Jun 05, 2026 · 16:20 VRDN · 0.47 Viridian Metals Inc
Executive Summary
  • Viridian Metals reiterated its planned 50-hole diamond drill program at the Kraken magmatic sulphide project in Labrador, scheduled to commence in early June 2026.
  • The company highlighted 2024 drilling results that identified localized copper-rich zones grading up to 4.15% Cu within the broader Kraken system.
  • The 2026 program aims to connect broad-spaced and tighter-spaced drilling into a continuous drill-defined mineralized footprint along the 5-kilometre Main Zone.
  • Exploration will also target the Venus peripheral area, where previous drilling intersected massive sulphides and base/precious metals.
  • Management emphasized the Sedna project's basin-scale geological architecture, spanning >2,000 km², and noted copper prices have structurally shifted above $6/lb.
  • The announcement serves as a follow-up to the May 19, 2026 update which already detailed the 50-hole program scope and DHEM survey integration.
Material Impact
  • The June 5, 2026 release is a routine exploration update that reiterates previously announced drilling plans and highlights historical assay results to maintain investor interest ahead of field mobilization.
  • No new geological data, resource estimates, or financial milestones were disclosed. The market was already aware of the 50-hole program from the May 19 announcement.
  • The news is incremental and expected. It does not alter the fundamental exploration thesis but confirms management's commitment to advancing the Kraken Main Zone and testing the Venus target.
  • Impact is Routine - Positive as it maintains exploration momentum without introducing material new valuation drivers.
VRDN · Price
Company Overview
  • Viridian Metals Inc. is an exploration-stage company focused on copper and nickel projects in Newfoundland and Labrador.
  • Flagship project: Kraken Copper-Nickel Project, a near-surface magmatic sulphide system with a >5-kilometre electromagnetic conductor.
  • Secondary project: Sedna Project, a basin-scale sediment-hosted copper system spanning >2,600 km², featuring deeply rooted structural plumbing and laterally extensive reduced stratigraphic horizons.
  • Land position: Controls the largest copper-focused land position in Newfoundland and Labrador.
  • Development stage: Early exploration and geophysical modeling. No resource estimates or feasibility studies have been announced.
Read the original news release →

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