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 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 →

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