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OTTAWA, Ontario, Sept. 08, 2026 (GLOBE NEWSWIRE) — Viridian Metals Inc. (CSE: VRDN) (OTCQB: VIRMF) reports initial assay results from its 2026 drill program at the Kraken Main Zone in Labrador. Results include the extension of VKS25-024 and assays from the first portion of VKS26-052 and holes VKS26-053 and VKS26-054.
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- VKS25-024: 50.15 metres @ 0.68% CuEq¹ from 1 metre including 18.8m @ 1.12% CuEq¹ from 12.2m, expanding the previously reported interval of 24.05 metres grading 0.77% CuEq¹ from 1 metre. Mineralization begins at surface and continues to the end of the extended hole at 51.15 metres, defining a mineralized package more than 50 metres thick.
- VKS26-054: 3.3 metres @ 1.68% CuEq¹ from 0.7m and 15.2m @ 0.98% CuEq¹1 from 11.7m. VKS26-054 was drilled to 30.9 metres and is a twin of VKS23-013 which was mineralized over its entire 5.35-metre length before being terminated in mineralization (see Viridian’s Technical Report dated September 23, 2024 filed on its profile on SEDAR+ at www.sedarplus.ca for further details of VKS23-013).
- Large step-outs underway: VKS26-059, VKS26-060, VKS26-062, approximately 600, 900 metres and 1.2 kilometres from previous drilling, respectively, intersected visually identified semi-massive sulphide mineralization at the top of bedrock. Holes are being processed for sampling and laboratory results are required to determine the presence, grade and distribution of copper, nickel, cobalt and other metals.
- Planned Kraken Main Exploration Target: Viridian is finalizing work on the initial “exploration target” based on drilling completed prior to the 2026 program.
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“The extension of VKS25-024 shows that the mineralized horizon can be considerably thicker than previously modeled,” said Tyrell Sutherland, President and Chief Executive Officer of Viridian Metals. “Here, mineralization begins at surface and continues beyond 50 metres depth. The original hole established consistent mineralization over 24 metres, and the extension shows the horizon can thicken substantially in places. Identifying these thicker pods within the broader mineralized horizon is an important avenue for adding volume to the mineralization already identified across Kraken Main.”
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“The 2026 program is now entering its busiest period, with two rigs operating at Kraken and drilling expected to continue through the end of October. Our focus remains on systematically defining the geometry and continuity of the shallow mineralized system at Kraken Main while continuing to test its broader extent.”
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VKS25-024 previously returned 24.05 metres @ 0.77% CuEq¹ from 1 metre and ended in massive to semi-massive sulphide mineralization at 25.05 metres (see Viridian news release dated February 26, 2026 which is available on the Company SEDAR+ profile at www.sedarplus.ca and the Company’s website at www.viridianmetals.com). Viridian prioritized extending this hole this year, advancing it to 51.15 metres before reaching the limit of the drilling equipment. As reported visually on August 6, 2026, massive to semi-massive sulphides continued from the end of the original hole to approximately 33 metres before transitioning into patchy net-textured and disseminated sulphide mineralization farther down the hole (see Viridian news release dated August 6, 2026). Final assays from the extended hole returned 50.15 metres @ 0.68% CuEq¹ from 1 metre. Mineralization begins at surface, although poor core recovery prevented the uppermost metre from being included in the reported assay interval.
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Figure 1:
Cross-section showing downhole copper-equivalent (CuEq¹) grades in VKS25-024 and adjacent drill holes. VKS25-024 was extended from 25.05 metres to 51.15 metres during the 2026 drill program. Reported intervals represent downhole lengths; true thicknesses are not yet known.
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Only the first portion of VKS26-052 is reported in this release. Drilling issues required Viridian to suspend the hole, it is now scheduled to be completed as the season progresses. Results from the remaining portion of the hole will be reported when available.
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VKS26-053 was abandoned at a depth of 11.1 metres. Based on mineralization encountered in the upper portion of the hole, Viridian plans to step back from the collar and redrill the target to test the full thickness of the mineralized horizon.
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VKS26-054 was drilled to twin and extend VKS23-013, which was mineralized over its entire 5.35-metre length before terminating in massive sulphides. VKS26-054 tested the mineralized horizon to greater depth and intersected four horizons of massive sulphides before entering country rock. Several overlimit nickel analyses from the mineralized intervals have not yet been received and are not included in the results reported in this release. Viridian will report the final results from VKS26-054 once these analyses have been received.