VIOR GOLD CORPORATION ANNOUNCES THE COMMENCEMENT OF DRILLING AT LIGNERIS
Vior Pivots to Ligneris as Massive Belleterre Drill Program Fails to Support Sagging Share Price

On January 8, 2026, Vior Gold Corporation (formerly Vior Inc.) announced the commencement of a 20,000-metre drilling program at its 100%-owned Ligneris Project in Quebec. Key details include: - A phased mobilization of three drill rigs: one is currently active on the South Zone, the second is expected mid-January, and a third in early February. - The program targets the lateral and vertical extensions of the North, Central, and South mineralized zones. - Initial results are expected by the end of January 2026. - The company maintains a strong treasury of over $40 million in cash and equity, with an allocated 2026 exploration budget of $15 million.
The news is Routine - Positive. While the start of a 20,000-metre program is a significant operational step, it is a continuation of the strategy signaled in late 2025. - Execution vs. Expectation: The market has already priced in the company’s massive treasury following the $39 million financing in February 2025. Commencing drilling is the baseline expectation for a junior with $40M in cash. - Project Pivot: The focus shifting to Ligneris follows a massive 100,000-metre campaign at the flagship Belleterre project. Despite "high-grade" discovery news at Belleterre in July 2025 (97.9 g/t Au over 1.5m), the stock price has trended downward, suggesting the market requires more than just "intercepts" to support the current share structure. - Fully Funded Status: The most material takeaway is the $15M budget for 2026, which is fully covered. This removes near-term financing risk, which is rare in the current junior sector.
Vior Gold Corporation is a Quebec-focused explorer. - Flagship (Historic): Belleterre Gold Project. Site of a historic high-grade mine (750k oz @ 10.7 g/t). The company recently completed a massive 100k meter program here. - Ligneris Project (Current Focus): 100%-owned. Located in the Abitibi belt. Targets a hybrid VMS-Orogenic gold system. It is characterized by three known zones (North, Central, South) that remain open at depth.