02:50 PM EST, 11/26/2024 (MT Newswires) -- Viridian Metals Inc. (VRDN.V) was at last look up 5% after announcing Tuesday the receipt of analytical results for its first six drill holes from its 2024 drilling campaign on the Kraken Ni-Cu-Co Project.

Among highlights, Hole VKS24-003 returned 21.1 metres @ 0.27% Ni, 0.26% Cu and 0.04% Co from surface; and Hole VKS24-005 returned 9.4 metres @ 0.09% Ni, 0.36% Cu and 0.01% Co from 0.25m.

"These first results from our 2024 drill campaign, demonstrate grades that are notably higher than what we have traditionally seen in the Main Zone. Narrow high-grade intersections in one case containing over 4% copper in this near surface environment highlight the strong potential for economic mineralization at the western margin of the intrusion," said CEO and President Tyrell Sutherland. "The remaining 17 drill holes target areas primarily within the intrusion itself, I am optimistic that these will further confirm the continuity and potential of this emerging zone. This is an exciting step forward for the Kraken project as we continue to unlock its value and position it as a key contributor to the critical metals supply chain."

Viridian Metals was up 0.015 or 5% to $0.3150.

Price: 0.32, Change: +0.02, Percent Change: +5.00