Viridian Metals Inc. (CSE: VRDN) has announced that diamond drilling has officially commenced at its Kraken Copper-Nickel-Cobalt Project in Labrador. The first drill hole of the fully funded 2026 exploration program is now turning, marking a significant milestone for the company.
2026 Drill Program Details
The 2026 program is expected to consist of 50 diamond drill holes. These holes are designed to systematically infill between widely spaced drill holes completed along the five-kilometre-long Main Zone conductive corridor. Mineralization has been intersected in holes spaced up to one kilometre apart. The program aims to connect these broad-spaced intercepts into a continuous drill-defined mineralized footprint while testing extensions to previously identified zones of copper-nickel-cobalt sulphide mineralization.
CEO Statement
Tyrell Sutherland, President and CEO of Viridian Metals, commented: "The start of drilling is a key milestone as we begin the largest drill program to date at Kraken, a program that is expected to double the number of drill holes completed on the project. With sulphide mineralization confirmed over a five-kilometre strike length, the 2026 program is focused on confirming the scale of the Kraken system by linking widely spaced mineralized intercepts and expanding areas where previous drilling encountered significant sulphide accumulations."
Program Focus Areas
The program will include follow-up drilling on previously reported mineralized intercepts, including areas where drill holes ended in mineralization or terminated before reaching their interpreted target depths. Several copper-rich zones identified during previous drilling campaigns will also be tested as the company advances its understanding of the broader mineralized system.
Project Location and Potential
The Kraken Project is located approximately 75 kilometres north of Churchill Falls, Labrador. It hosts a magmatic sulfide system extending over more than 35 kilometres within the same intrusive suite that hosts the Voisey's Bay deposit. Drilling to date has confirmed copper-nickel-cobalt sulfide mineralization at or near surface along approximately five kilometres of the Main Zone conductor. Exploration of the broader system remains in its early stages, with only five of more than 60 conductors larger than the original Voisey's Bay discovery having been drill tested, yielding massive sulfides in all cases.
