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VANCOUVER, BC, Jan. 24,
2025 /CNW/ - Viridian Metals Inc. (TSXV: VRDN)
(the "Company" or "Viridian") has expanded its land position in
Labrador through staking, securing
2,600 km² of the prospective Seal Basin. This newly acquired claim
package contains over 70 documented copper occurrences, the
majority of which remain unexplored. With this acquisition,
Viridian has become the largest claim holder in Newfoundland and Labrador. This strategic move establishes a
dominant presence in what the Company considers one of the most
promising exploration regions in the country.
"This large project area is a testament to the exceptional
geological potential we see in Labrador," said Tyrell
Sutherland, CEO of Viridian Metals "The area we've secured
offers a wealth of exploration opportunities. We are excited to
accelerate our work in such a highly prospective region and believe
it has the capacity to deliver significant value as we seek to
discover the extent its mineral wealth."
The newly acquired Seal Basin claims bolster Viridian's ability
to implement large-scale exploration initiatives, defining
high-priority zones through preliminary data analysis. The region
is believed to host promising geological formations conducive to
copper concentration, a primary focus for the Company. The copper
occurrences are documented in the Geological Survey of Newfoundland and Labrador's Mineral Occurrence Data System
(MODS) recorded during mapping programs in the 1960's, 70s and
2010s.
This staking expands Viridian's previous claim footprint in the
Seal Basin from ~10km2 to ~2,600km2. Over 70
copper occurrences exist within the expanded claim group, the
majority of which have never been investigated. The Seal Basin's
underexplored nature, combined with modern exploration techniques,
presents a unique opportunity for discovering copper deposits in a
Tier-One jurisdiction. With its proximity to key road and power
infrastructure and the growing demand for critical minerals, this
is an opportunity to secure potentially high-grade copper in a
region poised for future development.
About Viridian Metals
Viridian Metals is a leader in generative metal exploration with
a focus on environmental responsibility and ethical practices.
Founded to discover new critical metals deposits capable of
transforming supply chains, we leverage innovative technologies and
methods to enhance efficiency and sustainability in jurisdictions
leading the energy transition. Viridian maintains expertise in a
range of critical metals with a primary focus on copper, nickel and
cobalt in the near term. Viridian's commitment to environmental
responsibility and ethical practices ensures that its projects
contribute meaningfully to the green transition, creating
sustainable value for all stakeholders.
The technical information in this press release has been
reviewed and approved by Mr. Tyrell Sutherland M.Sc., P.Geo.,
President and CEO of Viridian Metals a "qualified person"
as defined in National Instrument 43-101 - Standards of
Disclosure for Mineral Projects.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement Regarding Forward Looking
Information
This news release contains statements which constitute
"forward-looking information" within the meaning of applicable
securities laws, including statements regarding the plans,
intentions, beliefs and current expectations of the Company with
respect to future business activities and operating
performance.
Often, but not always, forward-looking information can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or statements
formed in the future tense or indicating that certain actions,
events or results "may", "could", "would", "might" or "will" (or
other variations of the forgoing) be taken, occur, be achieved, or
come to pass. Forward-looking information includes, but is not
limited to, information regarding: (i) the potential for
mineralization at the Company's mining properties including the
expanded claim area discussed in this news release (ii) the plans
and expectations of the Company; and (iii) expectations in respect
of other economic, business, and/or competitive factors.
Forward-looking information is based on currently available
competitive, financial and economic data and operating plans,
strategies or beliefs as of the date of this news release, but
involve known and unknown risks, uncertainties, assumptions and
other factors that may cause the actual results, performance or
achievements of the Company, to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. Such factors may be based on
information currently available to the Company, including
information obtained from third-party industry analysts and other
third-party sources, and are based on management's current
expectations or beliefs. Any and all forward-looking information
contained in this news release is expressly qualified by this
cautionary statement.
Investors are cautioned that forward-looking information is
not based on historical facts but instead reflect management's
expectations, estimates or projections concerning future results or
events based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are
made. Forward-looking information reflects the Company's current
beliefs and is based on information currently available to it and
on assumptions it believes to be not unreasonable in light of all
of the circumstances. In some instances, material factors or
assumptions are discussed in this news release in connection with
statements containing forward-looking information. Such material
factors and assumptions include, but are not limited to the factors
set forth in the Company's Filing Statement dated October 28, 2024 under the caption "Risk
Factors". Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
information, there may be other factors that cause actions, events
or results to differ from those anticipated, estimated or
intended.
Forward-looking information contained herein is made as of
the date of this news release and, other than as required by law,
the Company disclaims any obligation to update any forward-looking
information, whether as a result of new information, future events
or results or otherwise. There can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. Should one or
more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking information prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or
expected.
SOURCE Viridian Metals
