Viridian Metals (CSE:VRDN) has unveiled an initial exploration target of 41–61 million tonnes grading 0.35–0.52% copper equivalent for its Kraken Project in Labrador, Canada.
The target is located in the Kraken Main zone of the 185km² copper-cobalt-nickel property, where the company is currently undergoing drilling to define the near-surface mineralisation and establish a target resource.
The area is the site of historical exploration by Teck Resources (TSX:TECK.A/TECK.B) and includes a 45km contact between an ultramafic intrusion and basement rocks, where drilling had returned 4.1% copper.
According to Viridian, the initial exploration target is based entirely on drilling completed prior to the current 2026 program and uses an average mineralised thickness of 8.6m.
It covers a footprint of approximately 2km² and represents only a portion of the broader conductive system identified at Kraken.
More than 60 conductors have been identified across the project, only four of which have been tested to date, says Viridian.
“The important thing about this initial target is what is not in it,” Viridian CEO Tyrell Sutherland says.
“With relatively sparse drilling informing the target, there remains a great deal to learn about the thickness and continuity of this zone.”
The company warns that the target is conceptual in nature, and more exploration is required to define a resource.
The ongoing drill program is focused on expanding and better defining the mineralised system at Kraken Main.
Viridian says it plans to initiate metallurgical test work in late Q4 2026 to establish project-specific recoveries for copper, nickel, and cobalt. The current exploration target assumes an 80% recovery for each metal.
Viridian Metals describes itself as a “pioneer and leader in generative metal exploration”, with a focus on environmental responsibility and ethical practices.
Write to Jackson Chen at Mining.com.au
Image: Viridian Metals
