Viridian Metals (CSE:VRDN) has reported the first assays from its southern step-out drilling program at the Kraken Copper-Nickel-Cobalt Project in Labrador, Canada.
Hole VKS26-062 returned 40.80m @ 0.63% copper equivalent (CuEq), including 15.05m @ 1.09% CuEq. Grades at the bedrock contact exceeded 1.5% CuEq.
Hole VKS26-060, drilled approximately 1.5km from earlier holes, returned 23m @ 0.44% CuEq, including 10.85m @ 0.72% CuEq.
Both holes remained mineralised from the top of bedrock to the end of drilling. Reported intervals are downhole lengths, with true thicknesses yet to be established.
Viridian’s initial exploration target used an average mineralised thickness of 8.6m.
CEO Tyrell Sutherland says the open-ended intersections could understate the width of the mineralised horizon.
“Both holes ended in mineralisation, so these results represent only a base case for the thickness of the mineralised horizon,” Sutherland says.
Assays remain pending from visually identified sulphide intervals of 41.8m and 47.3m. Visual observations do not establish metal grades.
Further holes spaced approximately 500m apart test another 2.5km of the southern trend. Samples from six holes are awaiting results, with Viridian expecting assay batches about every three weeks.
The results follow earlier drilling that traced visually identified sulphides across more than 3km of the Kraken Main zone, as previously reported by Mining.com.au.
Viridian has completed 27 holes this year, with two rigs expected to remain on site until the end of October. The company is targeting an updated exploration target in January 2027.
Viridian Metals is a Canadian explorer advancing the wholly owned Kraken copper-nickel-cobalt project in Labrador.
Write to France Pinzon at Mining.com.au
Main image: Viridian Metals
