V Ten Announces Drill Program Update at the Tanami Property, NT, Australia
V Ten begins its inaugural Tanami drilling program and adds market-making support to its operations.
V Ten Metals Corp. announced the collaring of the first drill hole of its inaugural Reverse Circulation (RC) drill program at the Tanami Property in the Northern Territory, Australia. The program is scoped for 6 to 10 drill holes totaling approximately 2,150 meters, targeting high-priority nickel-copper-PGE mineralization along a northeast-trending corridor. Objectives include confirming sulphide mineralization in fresh bedrock, validating geophysical models, and defining geological controls to guide future exploration.
The release also notes the retention of Venture Liquidity Providers Inc. (VLP) to provide market-making services for common shares at a cost of $5,000 per month. This update follows the July 15, 2026 announcement of the drill program and the August 14, 2026 mobilization of the drill rig.
V Ten Metals Corp. (VTEN) has reached the collaring of its first drill hole, an operational milestone that follows the company’s announcements on July 15 and August 14. This development confirms the execution of the planned work program but provides no new geological data or assay results.
Additionally, the company has added a market maker, a routine administrative action aimed at improving liquidity for its low-volume small-cap stock. This move does not alter the fundamental exploration thesis or valuation.
V Ten Metals Corp. (VTEN) is a mineral exploration company focused on the Tanami Northern Territory Project in Australia. The flagship property spans 1,237 square kilometers across four granted exploration licenses: EL 23848, EL 31402, EL 23874, and EL 23875. The project is in the early exploration stage, with no defined mineral resources or reserves.
The company holds a farm-in joint venture agreement with Newmont Exploration Pty Ltd, which can earn up to an 80% interest by committing $500,000 in initial expenditures and A$3.5 million over a three-year period. Management describes the targets as "drill ready," with drill pads cleared and historical geochemistry and geophysics pointing to Ni-Cu-PGE and orogenic gold potential.