Viridian intersects 50+ m mineralization from surface at Kraken Main

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.

Highlights

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% CuEq¹ 1 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.

“ 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