Viridian Continues to Define Large-Scale, Near-Surface Mineralization at Kraken

Executive Summary

• Viridian Metals released final assay results for the remaining 17 drill holes of its 2025 program at the Kraken Main Zone, confirming near‑continuous sulphide mineralization over ~600 m strike and ~200 m width.
• The results extend confirmed mineralization northward by 360 m and show consistent near‑surface sulphide intercepts above the primary target horizon, supporting a large, laterally extensive intrusive‑hosted system along a >5 km EM conductor.
• The company announced plans for an expanded 2026 drilling program to step out further along the Main Zone and test deeper targets and structural splays.

Key Details

• Assay Highlights (selected holes):
• VKS25‑023 – 0.10 % Ni, 0.08 % Cu, 0.02 % Co → 0.29 % CuEq over 22.35 m.
• VKS25‑024 – 0.30 % Ni, 0.21 % Cu, 0.04 % Co → 0.77 % CuEq over 24.05 m.
• VKS25‑027 – 0.31 % Ni, 0.38 % Cu, 0.04 % Co → 0.98 % CuEq over 5.05 m.
• VKS25‑030 – 0.17 % Ni, 0.14 % Cu, 0.02 % Co → 0.41 % CuEq over 22.40 m.
• VKS25‑037 – 0.06 % Ni, 0.08 % Cu, 0.02 % Co → 0.20 % CuEq over 2.00 m.
• Overall Mineralization: Near‑continuous sulphide mineralization confirmed over ~600 m × ~200 m area (<10 % of the interpreted 5 km Main Zone).
• Geophysical Context: Intercepts lie along a >5 km electromagnetic conductor, indicating a laterally extensive intrusive‑hosted system.
• Cut‑off Grade: 0.1 % CuEq (≈ US$10/ton NSR) with ≤1.5 m internal dilution.
• CuEq Calculation Assumptions: $4.00/lb Cu, $7.50/lb Ni, $15.00/lb Co; 80 % recovery for Ni and Co.
• QA/QC Procedures: Core logged, photographed, split half‑core sampling, use of standards/blanks, analysis by Activation Labs (ISO/IEC 17025 accredited) with ICP‑OES and peroxide fusion re‑analysis where needed.
• Next Steps (2026 Program):
• Continue step‑out drilling along the 5 km Main Zone conductor, including deeper holes beneath strongest conductivity responses.
• Test newly identified structural splays where higher‑grade sulphide accumulation is anticipated based on 2025 results.

Notable Quotes

• “The final assays from our 2025 drilling program reinforce our interpretation of the Kraken Main Zone as a large, laterally extensive zone of near‑surface sulphide mineralization,” – Tyrell Sutherland, CEO, Viridian Metals.
• “With only a small portion of the Main Zone tested, the results highlight the significant discovery potential as we continue to define mineralization along this 5 km long zone.” – Tyrell Sutherland, CEO.