Valhalla Metals Commences 2026 Drill Program at the Sun Project
Valhalla begins a fully-funded expansion program at its Sun Project in Alaska as drill rigs return to the site.
Valhalla Metals Inc. (VMXX) announced the commencement of its 2026 exploration program at the Sun project in the Ambler Mining District, Alaska. The fully funded initiative targets resource expansion drilling at the Main Sun and SW Sun deposits to test for down-dip and along-strike extensions of known VMS mineralization.
In addition to the Sun project, the company is conducting reconnaissance at the newly acquired Smucker project and collaborating with AIDEA on engineering for the Ambler Road. The announcement references successful 2023 drilling results, including intercepts such as:
- 21.4m of 6.84% CuEq.
Valhalla Metals Inc. (VMXX) has begun drilling, an expected incremental step following the April-June 2026 announcements regarding the Smucker acquisition and the $15 million private placement. The market was already aware of the planned 2026 drill program as a primary use of proceeds from the financing. The news confirms execution and momentum but does not introduce new financial or operational surprises.
Valhalla Metals Inc. (VMXX) is a pre-revenue junior explorer focused on the Sun and Smucker polymetallic VMS projects in Alaska's Ambler Mining District. The flagship Sun deposit holds an NI 43-101 resource of 1.71 million tonnes Indicated and 9.02 million tonnes Inferred, grading 1.48% Cu, 4.32% Zn, 1.11% Pb, 0.21 g/t Au, and 60 g/t Ag.
The recently acquired Smucker project adds significant scale, with historical resources indicating high-grade copper, zinc, lead, gold, and silver potential. The projects are strategically positioned to benefit from the proposed Ambler Access Road, which would provide critical infrastructure for development.