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NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
Drill Results Routine +

Val-D'Or Mining Exploration Update Perestroika Prospect Eldorado Option

By The Northwire Desk — AI Analysis Feb 19, 2026 · 07:01 VZZ · 0.105 Val-D'Or Mining Corporation
VZZ · Price

Executive Summary

  • Val‑D'Or Mining Corp. has launched an 8,000 m Phase III diamond drilling program on the Perestroika Prospect (≈20 holes, $1.37 M USD budget).
  • The program follows up on high‑grade intercepts from 2024–2025, notably PE‑24‑005 (0.50 m @ 213.08 g/t Au) and PE‑25‑013 (1.30 m @ 46.36 g/t Au).
  • Eldorado Gold (Québec) Inc. holds an option to increase its interest to 70% of the property, subject to $10.5 M spend and annual $50k payments.

Key Details

  • Program Scope: 20 planned drill holes totaling ~8,000 m using two rigs; hole count may vary with depth/results.
  • Budget: US$1.37 million.
  • Objectives:
  • Test stacked quartz‑ankerite gold‑bearing veins parallel to the stretching lineation.
  • Identify multiple high‑density vein shoots.
  • Follow‑up on PE‑24‑005 (0.50 m @ 213.08 g/t Au) and PE‑25‑013 (1.30 m @ 46.36 g/t Au).
  • Assess lateral continuity of the vein system and locate zones of highest vein density.
  • Explore parallel mineralized shear zones north/south of the dyke swarm corridor.
  • Historical Highlights (2024‑2025):
  • PE‑25‑012: 16.30 m @ 4.01 g/t Au (incl. 0.50 m @ 66.30 g/t Au).
  • PE‑25‑019: 4.60 m @ 12.35 g/t Au.
  • PE‑25‑013: 1.00 m @ 46.36 g/t Au, extending corridor 1 km NW.
  • GPS‑09‑01 & GPS‑09‑02 (legacy assays) showing >20 g/t Au over ~3 m intervals.
  • Drill Hole Highlights (selected historic intercepts):
  • GPS‑09‑01*: 2.77 m @ 26.18 g/t Au (incl. 0.30 m @ 217 g/t Au).
  • GPS‑09‑02*: 3.05 m @ 20.69 g/t Au (incl. 0.37 m @ 121.5 g/t Au).
  • PE‑24‑004: 8.60 m @ 4.45 g/t Au (incl. 0.50 m @ 35.12 g/t Au).
  • PE‑25‑012, PE‑25‑015, PE‑25‑019 – multiple intervals ≥4 m @ >4 g/t Au.
  • Option Agreement (Eldorado):
  • Eldorado may earn an additional 40% interest (up to 70% total) by spending a minimum of US$10.5 M before the fifth anniversary of condition satisfaction.
  • Prior to exercising, Eldorado pays US$50,000 annually to Val‑D’Or.
  • Qualified Person: Glenn J. Mullan, P.Geo., President & CEO (NI 43‑101 QP).

Notable Quotes

“The Phase III program is designed to rigorously test the continuity and density of our high‑grade quartz‑ankerite vein system, building on exceptional intercepts from 2024‑2025.” – Glenn J. Mullan, President & CEO, Val‑D’Or Mining Corp.

Read the original news release →

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