Viridian Metals Inc. (CSE: VRDN) is advancing plans to target high-grade copper-rich zones within the Kraken magmatic sulphide system in Labrador. Drilling in 2024 intersected copper grades up to 4.15% Cu, as previously reported on November 26, 2024.
2026 Drill Program to Expand Copper Zones
The company has announced a 50-hole drill program designed to systematically follow up on multiple copper-rich zones identified within the broader Kraken system. In addition to expanding the Main Zone, the program will evaluate several peripheral targets with potential for additional copper-rich mineralization.
Record Copper Prices and Structural Shift
Tyrell Sutherland, President and CEO of Viridian Metals, stated: "Record prices consistently above six dollars per pound reflect what we believe is a permanent structural shift. Kraken is particularly exciting because drilling has already identified localized copper-rich zones grading up to 4.15% Cu. Our 2026 program is designed to systematically follow up on these higher-grade zones while expanding the overall footprint."
Peripheral Targets: Venus
The company plans to advance several peripheral targets, including Venus, where previous drill holes intersected massive sulfides from surface. Results included 12.75m @ 0.16% Ni, 0.1% Cu, and 0.02% Co, including 1.85 metres @ 0.7% Ni, 0.3% Cu, and 0.07% Co starting at 0m, and 7.55 metres @ 0.4% Ni, 0.2% Cu, and 0.05% Co from surface with precious metal values up to 0.76g/t platinum, 0.33g/t palladium, and 0.45g/t gold. The Venus target remains largely untested and represents a potential additional higher-value center within the Kraken system.
Viridian's Land Position and Sedna Project
Viridian controls the largest copper-focused land position in Newfoundland and Labrador, encompassing the drill-tested Kraken system and the basin-scale Sedna project. At Sedna, exploration has confirmed geological architecture spanning over 2,000 km², including deeply rooted structural plumbing, laterally extensive reduced stratigraphic horizons, and widespread disseminated chalcopyrite. The company believes these characteristics are analogous to major global copper districts, including the Central African Copperbelt and Europe's Kupferschiefer Basin.
Sutherland added: "Copper is no longer just about the energy transition; it's about resilience, infrastructure, and national security. Projects like ours are positioned to answer that call, as we operate in one of the safest, most supportive mining jurisdictions in the world."
