Northwire Canada EditionTuesday, November 3, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Drill Results Routine +

Viridian Metals Commences 2026 Diamond Drill Program at the Kraken

Fully funded 50-hole infill campaign at Kraken tests continuity of a 5km magmatic sulphide corridor.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 09:00 VRDN · 0.47 Viridian Metals Inc.
Executive Summary
  • Viridian Metals has commenced its 2026 diamond drill program at the Kraken Copper-Nickel-Cobalt Project in Labrador.
  • The program is fully funded and will execute 50 drill holes.
  • Primary objective is to systematically infill a 5-kilometre-long Main Zone conductive corridor, connecting widely spaced intercepts into a continuous mineralized footprint.
  • Utilizing lightweight, man-portable drilling equipment to reduce mobilization costs and environmental footprint.
  • Program includes follow-up on previously reported intercepts and testing of copper-rich zones.
  • Further updates will be provided as drilling progresses.
Material Impact
  • The commencement of the 2026 drill program is a logical execution step following the May 19, 2026 announcement expanding the program to 50 holes.
  • The program is fully funded, eliminating immediate near-term dilution risk for this specific campaign.
  • The use of man-portable equipment is a cost-saving measure that improves the economics of early-stage exploration but does not change the fundamental discovery potential.
  • The news confirms management's stated plan to double the number of drill holes on the project.
  • Given the stock's recent decline from $0.52 (May 13) to $0.47, the market has already absorbed the financing news. This operational update is incremental and expected.
VRDN · Price
Company Overview
  • Viridian Metals Inc. is an exploration-stage mining company focused on copper, nickel, and cobalt in Newfoundland and Labrador, Canada.
  • Flagship asset is the Kraken project, a magmatic sulphide system extending over 35 km within the same intrusive suite as the Voisey's Bay deposit.
  • The company also controls the Sedna project, a basin-scale sediment-hosted copper system spanning >2,600 km².
  • Viridian holds the largest copper-focused land position in Newfoundland and Labrador.
  • The company completed a reverse takeover of Coco Pool Corp. in November 2024.
Read the original news release →

More from Viridian Metals Inc.

Jun 05, 2026 · 16:20

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

Drill Results Jun 05, 2026 · 10:00

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

Drill Results May 19, 2026 · 13:30

Drill Expansion Validates Financing but Cash Burn Concerns Persist Amidst Price Decline

Production / Operations May 14, 2026 · 11:43

Viridian Lands Premium Financing from Strategic Investor, Defying Bearish Chart with Institutional Vote of Confidence

Financings Apr 15, 2026 · 18:29

Viridian Marketing Spend Dilutes Cash Reserves Amidst Exploration Momentum

Other Feb 18, 2026 · 19:04

Viridian sees plumbing network, chemical traps at Sedna

Drill Results