Announcement • Jul 13
Valhalla Metals Inc. Commences 2026 Drill Program at Sun Project Located in Ambler Mining District, Northwest Alaska
Valhalla Metals Inc. has announced the start of the 2026 exploration program at its Sun project located in the Ambler Mining District, Northwest Alaska. The 2026 exploration program is primarily designed to follow up on the successful drilling completed at the Sun Project in 2023, which confirmed the continuity of high-grade copper-zinc-lead-gold-silver mineralization beyond the limits of the current resource model and returned significant intercepts including 21.4 metres grading 6.84% copper equivalent (CuEq), within a broader interval of 52.4 metres grading 3.30% CuEq. The 2026 Program includes a fully funded program with the objective of advancing the Company's flagship Sun project, resource expansion drilling designed to test for down-dip and along-strike extensions of known mineralization at the Main Sun and SW Sun copper-zinc-silver-lead-gold volcanogenic massive-sulfide deposits, and reconnaissance work at the newly acquired Smucker project. Valhalla is working with AIDEA and their contractors on advancing engineering and infrastructure related activities related to the Ambler Road project. Drilling highlights from the 2023 Exploration Program at the Sun Project include: Sun23-01 intersected 13.7m of 3.07% CuEq (1.24% Cu, 0.92% Pb, 3.45% Zn, 0.16 g/t Au, and 55.79 g/t Ag); Sun 23-02 intersected 14.6m of 1.91% CuEq* including 10.8m of 2.2% CuEq (0.69% Cu, 0.73% Pb, 2.88% Zn, 0.12 g/t Au, and 53.77 g/t Ag); Sun23-03 intersected 13.8m of 3.44% CuEq including 8.7m of 4% CuEq (1.89% Cu, 1.23% Pb, 3.35% Zn, 0.29 g/t Au, and 94.36 g/t Ag); Sun 23-04 intersected 21.4m of 6.84% CuEq (1.31% Cu, 3.23% Pb, 11.03% Zn, 0.24 g/t Au, and 108.31 g/t Ag) within a larger interval of 52.4m of 3.3% CuEq. CuEq = (((Cu%) x $Cu x 22.0462) 0.91 + ((Pb%) x $Pb x 22.0462) 0.8 + ((Zn%) x $Zn x 22.0462) 0.91 + (Au(g/t)/$Au 31.1034768) 0.59 +(Ag(g/t)/$Ag 31.1034768) 0.35))/($Cu 22.0462); Commodity prices: $Cu = USD 3.00/lb., $Pb = USD 1.00/lb; $Zn = USD 1.10/lb; $Au = USD 1,700/oz., and Ag = USD 20.00/oz.; Recoveries assumed to be 91% Cu, 80% Pb, 91% Zn, 59% Au, 35% Ag and were multiplied for each respective metal. Recoveries are based on the technical report titled "Technical Report on the Sun Project, Brooks Range, Alaska, USA filed on Sedar by the Company on May 18, 2022 and modelled after the recoveries of the neighboring Arctic VMS deposit Feasibility Study; Factors: 22.0462 = Cu% to lbs. per %, 31.1034768 = Au g/t to g per troy oz, and 31.1034768 = Ag g/t to g per troy oz.
