Val-d'Or Mining Diamond Drill Program Update - Perestroika Prospect
Rhea-AI Summary
Val-d'Or Mining (TSXV: VZZ, OTCQB: VDOMF) reported initial analytical results from its winter 2026 diamond drilling program on the Perestroika Prospect/b) in Courville Township, Quebec, operated by Eldorado Gold (Québec). The 2026 campaign completed 25 NQ drill holes (PE-26-021 to PE-26-045) totaling , expanding the current mineralized footprint to a corridor about 1,000 m along strike by 150 m wide between shear corridors.
Highlight intersections include hole PE-26-027 with 3.08 g/t Au over 84.0 m (75.00–159.00 m) and hole PE-26-030 with 3.07 g/t Au over 21.30 m (255.70–277.00 m). Holes PE-26-021 and PE-26-025 also returned multiple broad gold-mineralized intervals in quartz-ankerite veined felsic dykes and basalts. Over 2024–2026, total drilling on Perestroika reached 21,951 metres. According to Val-d'Or Mining, core logging is complete, with 6,127 samples pending analysis and 2,783 samples still to be cut and dispatched.
Positive
- Hole PE-26-027 3.08 g/t Au over 84.0 m (75.00–159.00 m)
- Hole PE-26-030 3.07 g/t Au over 21.30 m (255.70–277.00 m)
- Hole PE-26-025 multiple intervals including 0.82 g/t Au over 78.20 m
- Hole PE-26-021 broad anomalous gold, e.g., 0.51 g/t Au over 36.30 m
- 2026 drilling 25 holes totaling 12,477 m completed at Perestroika
- Three-year drilling 21,951 m completed on Perestroika Prospect (2024–2026)
Negative
- None.
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Val-d'Or Quebec
Eldorado Gold (Québec) Inc. Option
Hole PE-26-027 Intersects 3.08 g/t over 84.0 m (75.00 m - 159.00 m)
Hole PE-26-030 Intersects 3.07 g/t Au over 21.30 (255.70 - 277.00 m)
Val-d'Or, Quebec--(Newsfile Corp. - August 5, 2026) - Val-d'Or Mining Corporation (TSXV: VZZ) (OTCQB: VDOMF) ("the Company") is pleased to report on the initial analytical results from the winter 2026 diamond drilling program on the Perestroika Prospect. The property is in Courville Township, Québec, located approximately 40 kilometres northeast of Val-d'Or, Québec
2026 Diamond Drill Program Update:
The 2026 diamond drilling program included 20 planned diamond drill holes totalling approximately 8,000 metres, utilizing two diamond drill rigs. Drilling activities were completed on April 6th and equipment demobilized from the property on April 9th. A total of twenty-five (25) NQ diamond drillholes were completed (PE-26-021 to PE-26-45), for a cumulative 12,477 metres drilled.
The current mineralized footprint on the property shows a mineralized corridor 1,000 metres along strike by 150 metres wide, between shear corridors. Drilling in 2026 was conducted over 1,200 metres along the northwest-southeast tending mineralized deformation corridor, testing for its strike extensions.
Table I: Diamond Drillhole Table
| Hole # | Easting (NAD 83 Z18) | Northing (NAD 83 Z18) | Length (m) | Azimuth | Dip |
| PE-26-021 | 314495 | 5364639 | 405 | 50 | -70 |
| PE-26-022 | 314403 | 5364693 | 537 | 48 | -70 |
| PE-26-023 | 314653 | 5364686 | 498 | 300 | -65 |
| PE-26-024 | 314545 | 5364623 | 495 | 50 | -65 |
| PE-26-025 | 314629 | 5364569 | 459 | 50 | -67 |
| PE-26-026 | 314569 | 5364565 | 489 | 50 | -67 |
| PE-26-027 | 314790 | 5364459 | 666 | 50 | -67 |
| PE-26-028 | 314346 | 5364732 | 573 | 50 | -67 |
| PE-26-029 | 314075 | 5365348 | 480 | 205 | -50 |
| PE-26-030 | 314940 | 5364420 | 576 | 50 | -65 |
| PE-26-031 | 314012 | 5365381 | 525 | 210 | -45 |
| PE-26-032 | 314150 | 5365090 | 441 | 205 | -50 |
| PE-26-033 | 314897 | 5364535 | 552 | 315 | -65 |
| PE-26-034 | 314150 | 5365090 | 435 | 205 | -65 |
| PE-26-035 | 314990 | 5364617 | 429 | 205 | -50 |
| PE-26-036 | 314289 | 5364437 | 381 | 205 | -50 |
| PE-26-037 | 314990 | 5364617 | 471 | 205 | -65 |
| PE-26-038 | 314466 | 5364762 | 630 | 305 | -50 |
| PE-26-039 | 315000 | 5364340 | 507 | 50 | -65 |
| PE-26-039A | 315000 | 5364340 | 42 | 50 | -65 |
| PE-26-040 | 314215 | 5364810 | 552 | 50 | -67 |
| PE-26-041 | 315225 | 5364500 | 495 | 205 | -50 |
| PE-26-042 | 314750 | 5364500 | 507 | 50 | -67 |
| PE-26-043 | 314697 | 5364478 | 363 | 50 | -67 |
| PE-26-044 | 314779 | 5364422 | 426 | 50 | -67 |
| PE-26-045 | 314871 | 5364407 | 54 | 50 | -67 |
| PE-26-045A | 314871 | 5364407 | 24 | 50 | -67 |
| PE-26-045B | 314871 | 5364407 | 462 | 50 | -67 |
| Note: PE-26-039A was abandoned due to hole deviation - unintended changes in azimuth (horizontal direction) and dip (inclination/vertical angle), azimuth; and PE-26-45 and PE-26-45A abandoned due to casing movement. | |||||
Map I: Diamond Drill Hole Plan
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For comparative purposes, the 2025 diamond drill program consisted of twelve (12) NQ holes completed for a cumulative 5,004 metres drilled. In 2024, the diamond drill program consisted of eight (8) NQ holes drilled and extended two (2) previous holes (GPS-09-01 and GPS-09-02 - the Golden Valley Mines discovery holes) for a cumulative 4,470 metres drilled. The total metres drilled over the 3-year period from 2024 to 2026 is 21,951 metres.
Eldorado Gold is the project operator. Core logging of the drillholes has been completed, and the initial analytical results received. Currently, 6,127 sample results are pending from the laboratory, and 2,783 samples remain to be cut and dispatched for analysis.
For details of the 2026 Diamond Drill Program Outline and Objectives, the reader is referred to Val-d'Or Mining Corporation's February 19, 2026, March 30, 2026, and May 5, 2026, news releases.
Several significant gold-mineralized intersections have been recorded to date from the analytical results received thus far. These intersections from DDH's PE-26-21; PE-26-25; PE-26-27; and PE-30, consist of multiple intervals of altered felsic dyke sections, hosting mineralized extensional and flat-lying (stacked) quartz-ankerite veins. Preliminary indications from the core logging suggest that the gold content is usually proportionate with sulphide content, that being pyrite.
Glenn Mullan (President/CEO) of Val-D'Or Mining stated that "The objective of these four (4) drillholes being drilled down-plunge, was to test the idea that the flat extensional gold-bearing quartz-ankerite veins are stacked in an alignment parallel to the stretching lineation, and to test for the presence of multiple shoots of high-density stacked veins. These initial results are highly encouraging, spanning a lateral strike length of over 500-metres along the southern portion of the over 1000-metre NW-SE mineralized footprint, and located between two shear corridors separated by 150-metres."
These four (4) drillholes are summarized below:
Selective Individual Diamond Drillhole Assay Intersection Highlights
PE-26-21: Target/Objective - Drilled down-plunge at a high-angle to test the theory that the gold bearing, flat extensional quartz-ankerite veins are stacked in an alignment parallel to the stretching lineation, and test for the presence of multiple shoots of high density stacked veins.
Broad gold anomalous intervals intersected include
- 36.30 m @ 0.51 g/t Au (97.20 m - 133.50 m), including 0.50 m @ 3.45 g/t Au (112.50 m - 113.00 m) and 1.00 m @ 2.55 g/t Au (125.00 m -126.00 m) - Associated with felsic dykes injected by quartz-ankerite veins;
- 10.30 m @ 0.89 g/t Au (211.70 m - 222.00 m), including 0.50 m @ 3.34 g/t Au (211.70 m - 212.20 m) and 1.00 m @ 6.53 g/t Au (221.00 m -222.00 m) - Associated with quartz-ankerite veins containing pyrite injected in basalt.
| Hole-ID | From (m) | To (m) | Length (m) | Au (g/t) | Zone/Comment |
| PE-26-021 | 92.50 | 93.50 | 1.00 | 1.11 | Quartz-ankerite vein and strong sericitization |
| PE-26-021 | 97.20 | 133.50 | 36.30 | 0.51 | Quartz-Ankerite vein in felsic dyke |
| Incl. | 112.50 | 113.00 | 0.50 | 3.45 | Quartz-Ankerite vein in felsic dyke |
| Incl. | 125.00 | 126.00 | 1.00 | 2.55 | Quartz-ankerite vein and strong sericitization |
PE-26-021: 1.11 g/t Au over 1.00 m (92.50 m - 93.50 m) associated with a quartz-ankerite vein with strong sericitization.
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PE-25-021: 0.51 g/t Au over 36.30 m (97.20 m - 133.50 m), including 3.45 g/t au over 0.95 m (112.50 m - 113.00 m) and 2.55 g/t Au over 1.00 m (125.00 m -126.00 m) associated with felsic dykes injected by quartz-ankerite veins.
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PE-25-021; Continuation of the interval from the previous picture. PE-25-021: 0.62 g/t Au over 9.95 m (123.55 m - 133.50 m), including 2.55 g/t Au over 1.00 m (125.00 m - 126.00 m) associated with a quartz-ankerite vein injected basalt and felsic dykes.
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| Hole-ID | From (m) | To (m) | Length (m) | Au (g/t) | Zone/Comment |
| PE-26-021 | 200.75 | 201.25 | 0.50 | 1.04 | Quartz-ankerite vein in basalt |
| PE-26-021 | 211.70 | 222.00 | 10.30 | 0.89 | Quartz-Ankerite vein in basalt |
| Incl. | 211.70 | 212.20 | 0.50 | 3.34 | Quartz-Ankerite vein in basalt |
| Incl. | 221.00 | 222.00 | 1.00 | 6.53 | Quartz-Ankerite vein in basalt |
| PE-26-021 | 282.75 | 283.35 | 0.60 | 1.46 | Quartz-Ankerite vein in basalt |
PE-26-021: 1.04 g/t Au over 0.50 m (200.75 m - 201.25 m), associated with quartz-ankerite veins in altered basalt.
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PE-25-021: 0.89 g/t Au over 10.30 m (211.70 m - 222.00 m), Including 3.34 g/t Au over 0.50m (211.70 m - 212.20 m) and 6.53 g/t Au over 1.00 m (221.00 m - 222.00 m) associated with quartz-ankerite veins in altered basalt.
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PE-25-021: 0.21 g/t Au over 16.70 m (279.30 m - 296.00 m), including 1.46 g/t Au over 0.60 m (282.75 m - 283.35 m) associated with quartz-ankerite veins in altered basalt.
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PE-26-025: Target/Objective - Drilled down-plunge to test the theory that the gold bearing quartz-ankerite veins are stacked in an alignment parallel to the stretching lineation, and test for the presence of multiple shoots of high density stacked veins.
The hole intersected a thick section with multiple intervals of felsic dykes injected with quartz-ankerite extensional veins and veinlets.
Returned multiple gold mineralized intersections:
- The first anomalous interval (77.00 m - 119.30 m) returned 0.76 g/t Au over 42.30 m. This interval includes 0.70 m @ 2.44 g/t Au (84.30 m - 85.00 m), 1.00 m @ 3.80 g/t Au (94.20 m - 95.20 m), 0.60 m @ 3.74 g/t Au (106.50 m - 107.10 m) and 0.70 m @ 12.00 g/t Au (116.80 m - 117.50 m).
- The second interval (122.50 m - 132.30 m) returned 1.64 g/t Au over 9.80 m, including 0.50 m @ 7.75 g/t Au (125.70 m - 126.20 m), 0.90 m @ 2.17 g/t Au (128.10 m - 129.00 m) and 0.50 m @ 2.52 g/t Au (131.80 m - 132.30 m).
- A third interval (138.00 m - 143.50 m) returned 1.43 g/t Au over 5.50 m, including 1.70 m @ 2.83 g/t Au (138.50 m - 140.20 m) and 0.50 m @ 4.17 g/t Au (143.00 m - 143.50 m). Additionally, a mineralized quartz-ankerite vein (150.30 m -151.30 m) returned 1.00 m @ 4.95 g/t Au.
| Hole-ID | From (m) | To (m) | Length (m) | Au (g/t) | Zone/Comment |
| PE-26-025 | 41.10 | 119.30 | 78.20 | 0.82 | Quartz-Ankerite vein in felsic dyke |
| Incl. | 47.00 | 50.20 | 3.20 | 3.25 | Quartz-Ankerite vein in seritized basalt |
| Incl. | 58.00 | 59.00 | 1.00 | 5.65 | Quartz-Ankerite vein in felsic dyke |
| Incl. | 84.30 | 85.00 | 0.70 | 2.44 | Quartz-Ankerite vein in felsic dyke |
| Incl. | 94.20 | 95.20 | 1.00 | 3.80 | Quartz-Ankerite vein in felsic dyke. |
| Incl. | 106.50 | 107.10 | 0.60 | 3.74 | Quartz-Ankerite vein in felsic dyke. |
| Incl. | 116.80 | 117.50 | 0.70 | 12.00 | Quartz-Ankerite vein in sericitized basalt |
| PE-26-025 | 122.50 | 132.30 | 9.80 | 1.64 | Quartz-ankerite vein in felsic dyke |
| Incl. | 125.70 | 126.20 | 0.50 | 7.75 | Quartz-Ankerite vein in felsic dyke. |
| Incl. | 128.10 | 129.00 | 0.90 | 2.17 | Quartz-Ankerite vein in felsic dyke. |
| Incl. | 131.80 | 132.3 | 0.50 | 2.52 | Quartz-Ankerite vein in felsic dyke. |
| PE-26-025 | 138.00 | 143.50 | 5.50 | 1.43 | Quartz-ankerite vein in sericitized basalt |
| Incl. | 138.50 | 142.20 | 1.70 | 2.83 | Quartz-ankerite vein in sericitized basalt |
| Incl. | 143.00 | 143.50 | 0.50 | 4.17 | Quartz-ankerite vein in sericitized basalt |
| PE-26-025 | 150.30 | 151.30 | 1.00 | 4.95 | 40 cm mineralized quartz-ankerite vein |
| PE-26-025 | 181.00 | 197.00 | 16.00 | 1.44 | Quartz-ankerite vein in basalt and felsic dyke |
| Incl. | 184.10 | 189.80 | 5.70 | 3.31 | Quartz-Ankerite vein in felsic dyke. |
| Incl. | 184.10 | 184.60 | 0.50 | 19.15 | Quartz-ankerite vein in sericitized basalt |
| Incl. | 189.30 | 189.80 | 0.50 | 10.35 | Quartz-Ankerite vein in felsic dyke. |
| PE-26-025 | 204.90 | 206.40 | 1.50 | 1.24 | Quartz-Ankerite vein in felsic dyke. |
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PE-25-025: 0.82 g/t Au over 78.20 m (41.10-119.30 m), including: 3.25 g/t Au over 3.20 m (47.00 m - 50.20 m); 5.65 g/t Au over 1.00 m (58.00 m - 59.00 m); 2.44 g/t Au over 0.70m (84.30 m - 85.00 m); 3.80 g/t Au over 1.00 m (94.20 m - 95.20 m; 3.74 g/t Au over 0.60 m (106.50 m - 107.10 m) and 12.00 g/t Au over 0.70 m (116.80 m - 117.50 m).
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PE-25-025: 1.64 g/t Au over 9.80 m (122.50 m - 132.30 m), Including 7.75 g/t Au over 0.50m (125.70 m - 126.20 m), 2.17 g/t Au over 0.90 m (128.10 m - 129.00 m) and 2.52 g/t Au over 0.50 m (131.80 m - 132.30 m) associated with quartz-ankerite veins in felsic dyke and in basalt host rock.
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PE-25-025: 1.43 g/t Au over 5.50 m (138.00 m - 143.50 m), Including 2.83 g/t Au over 1.70m (138.50 m - 140.20 m) and 4.17 g/t Au over 0.50 m (143.00 m - 143.50 m) associated with quartz-ankerite veins in strongly sericitized basalt.
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PE-25-025: 4.95 g/t Au over 1.00 m (150.30 m - 151.30 m), 1.06 g/t Au over 0.50m (153.50 m - 154.00 m) and 1.74 g/t Au over 0.50 m (156.00 m - 156.50 m) associated with quartz-ankerite veins in sericitized basalt.
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PE-25-025:1.44 g/t Au over 16.00 m (181.00 m - 197.00 m), including 3.31 g/t Au over 5.70 m (184.10 m - 189.80 m). The later interval contains two higher grade samples 19.15 g/t Au over 0.50 m (184.10 m - 184.60 m) and 10.35 g/t Au over 0.50 m (189.30 m - 189.80 m). The quartz-ankerite veins are in sericitized basalt and a felsic dyke.
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PE-25-025: 1.40 g/t Au over 0.50 m (244.70 m - 245.20 m), associated with quartz-ankerite veinlet in sericitized basalt. Similar vein returned 60 ppb Au (242.90 m - 243.40 m).
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PE-25-025: 1.79 g/t Au over 1.00 m (302.80 m - 303.70 m), associated with quartz-ankerite veinlet in sericitized basalt.
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PE-25-025: 1.88 g/t Au over 1.00 m (399.00 m - 400.00 m), associated with quartz-ankerite veinlet in sericitized basalt.
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PE-26-27: Target/Objective - Drilled down plunge to test the theory that the gold bearing quartz-ankerite veins are stacked in an alignment parallel to the stretching lineation, and test for the presence of multiple shoots of high density stacked veins.
The hole intersected mostly felsic dykes injected with quartz-ankerite veins between 70.00 - 163.50 metres. Between 163.50 metres to the end of hole, a felsic dyke was intersected.
This is presently the best gold mineralized drill hole of the program, to date:
The first anomalous interval (37.70 m - 53.00 m) returned 0.89 g/t Au over 15.30 m, including 2.65 m @ 1.80 g/t Au and 0.60 m @ 2.99 g/t Au.
A second interval (75.00 m - 77.00 m) returned 2.69 g/t Au over 2.00 m, including 1.00 m @ 3.97 g/t Au. Between 75.00 m and 159.00 m a high density of quartz-ankerite extension veins, in a sericitized felsic dyke, returned 3.08 g/t Au over 84.00 m, including 16.00 m @ 10.70 g/t Au (94.50 m - 110.50 m) and 9.80 m @ 2.34 g/t Au.
| Hole-ID | From (m) | To (m) | Length (m) | Au (g/t) | Zone/Comment |
| PE-26-027 | 37.70 | 53.00 | 15.30 | 0.89 | Quartz-ankerite vein in sericitized basalt |
| Incl. | 52.40 | 53.00 | 0.60 | 2.99 | Quartz-ankerite vein in sericitized basalt |
| PE-26-027 | 75.00 | 159.00 | 84.00 | 3.08 | Quartz-Ankerite veins in felsic dyke |
| Incl. | 153.05 | 159.00 | 5.95 | 3.87 | |
| PE-26-027 | 173.50 | 174.00 | 0.50 | 2.73 | Quartz-Ankerite vein in sericitized basalt |
| PE-26-027 | 191.10 | 191.60 | 0.50 | 8.84 | Quartz-ankerite vein in sericitized basalt |
| PE-26-027 | 305.50 | 306.00 | 0.50 | 2.49 | Quartz-ankerite vein in sericitized basalt |
PE-25-027: 0.89 g/t Au over 15.30 m (37.70 m - 53.00 m), including 1.80 g/t Au over 2.65 m and 2.99 g/t Au over 0.60 m, associated with quartz-ankerite veins in altered basalt and felsic dykes.
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PE-26-027: 3.08 g/t over 84.0 m (75.00 m - 159.00 m) associated with quartz-ankerite extension veins mostly within a felsic dykes, including 10.70 g/t Au over 16.00 m (94.50 m - 110.50 m), which contains 149.65 g/t Au over 0.70 m (95.80 m - 96.50 m) and 61.07 g/t Au over 0.60 m (107.90 m - 108.50 m). The vein carrying the 149.65 g/t contains a 28 cm thick massive coarse pyrite "band". And 5.95 m @ 3.87 g/t (153.05 m - 159.00 m), including 0.50 m 14.70 g/t, 0.50 m @ 9.55 g/t, 0.70 m @ 5.84 g/t, and 0.65 m @ 6.88 g/t.
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PE-26-030: Target/Objective - Drilled down-plunge to test the theory that the gold bearing, flat extensional quartz-ankerite veins are stacked in an alignment parallel to the stretching lineation, and test for the presence of multiple shoots of high density stacked veins
The hole intersected several felsic dykes injected with extensional quartz-ankerite veins, hosting multiple observed intersections of visible gold (v.g. noted at 183.35m, 183.55m, 204.04m and 361.20m).
The best mineralized intervals from the top of the hole, included 0.70 m @ 25.12 g/t Au (42.50 m to 43.20 m), 0.50 m 26.24 g/t Au (74.20 m to 74.70 m) and 0.53 m @ 18.00 g/t Au (216.97 m to 217.50 m). All three high grade intervals are associated with extension quartz-ankerite veins injected in sericitized basalt. The second mineralized intersection is along the contact with a sericitized felsic dyke.
Further downhole, quartz-ankerite veins injected in sericitized basalt returned 2.00 m @ 6.44 g/t Au (182.00 m - 184.00 m), including 0.50 m @ 21.75 g/t Au (183.00 m - 183.50 m). Between 255.70 m and 277.00 m PE-26-030 intersected a stacking of flat, gold bearing quartz-ankerite extensional, veins injected in a felsic dyke that returned 21.30 m @ 3.07 g/t Au. This interval includes 1.00 m @ 6.86 g/t Au (255.70 m - 256.70 m); 8.74 m @ 5.00 g/t Au (262.60 m - 271.34 m) and 1.70 m @ 6.04 g/t Au (275.30 m - 277.00 m). The 8.74 m @ 5.00 g/t has an inclusive interval of 2.70 m @ 11.46 g/t Au.
| Hole-ID | From (m) | To (m) | Length (m) | Au (g/t) | |
| PE-26-030 | 25.00 | 25.70 | 0.70 | 7.36 | Quartz-ankerite vein, with |
| PE-26-030 | 42.50 | 43.20 | 0.70 | 25.12 | Quartz-ankerite vein, with |
| PE-26-030 | 44.20 | 44.70 | 0.50 | 1.89 | Quartz-ankerite vein injected in sericitized basalt |
| PE-26-030 | 67.10 | 69.10 | 2.00 | 1.00 | Quartz-ankerite vein injected in strongly sericitized basalt |
| Incl. | 68.10 | 68.60 | 0.50 | 4.62 | |
| PE-26-030 | 74.20 | 107.20 | 33.00 | 0.76 | Quartz-ankerite vein in basalt at contact with felsic dyke |
| Incl. | 74.20 | 74.70 | 0.50 | 26.24 | |
| PE-26-030 | 132.70 | 133.20 | 0.50 | 7.71 | Quartz-ankerite vein injected in strongly sericitized basalt |
| PE-26-030 | 172.20 | 172.86 | 0.66 | 2.15 | Quartz-ankerite vein injected in strongly sericitized basalt |
| PE-26-030 | 182.00 | 184.00 | 2.00 | 6.44 | Quartz-ankerite vein injected in strongly sericitized basalt |
| Incl. | 183.00 | 183.50 | 0.50 | 21.75 | |
| PE-26-030 | 190.40 | 191.40 | 1.00 | 1.42 | Quartz-ankerite vein injected in felsic dyke |
| PE-26-030 | 197.50 | 204.50 | 7.00 | 0.66 | Quartz-ankerite vein injected in strongly sericitized basalt |
| Incl. | 197.50 | 198.00 | 0.50 | 2.22 | |
| Incl. | 201.50 | 202.00 | 0.50 | 2.12 | |
| PE-26-030 | 216.97 | 217.50 | 0.53 | 18.00 | Quartz-ankerite vein injected in strongly sericitized basalt |
| PE-26-030 | 221.50 | 223.60 | 2.10 | 1.29 | Quartz-ankerite vein injected in hematized felsic dyke |
| Incl. | 222.00 | 222.50 | 0.50 | 2.18 | |
| PE-26-030 | 234.50 | 238.50 | 4.00 | 0.81 | Quartz-ankerite vein in basalt at contact with felsic dyke |
| Incl. | 235.00 | 235.50 | 0.50 | 3.17 | |
| PE-26-030 | 255.70 | 277.00 | 21.30 | 3.07 | Quartz-ankerite vein injected in felsic dyke |
| Incl. | 255.70 | 256.70 | 1.00 | 6.86 | |
| Incl. | 262.60 | 271.34 | 8.74 | 5.00 | |
| Incl. | 263.60 | 266.30 | 2.70 | 11.46 | |
| Incl. | 275.30 | 277.00 | 1.70 | 6.04 | |
PE-26-030: 0.70 m @ 7.36 g/t Au (25.00 m to 25.70 m) associated with quartz-ankerite veins, injected in sericitized basalt.
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PE-26-030: 0.70 m @ 25.12 g/t Au (42.50 m to 43.20 m) and 0.50 m @ 1.89 g/t Au (44.20 m to 44.70 m) associated with quartz-ankerite veins, injected in strongly sericitized basalt.
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PE-26-030: 2.00 m @ 1.00 g/t Au (67.10 m to 69.10 m), including 0.50 m @ 4.62 g/t Au (68.10 m to 68.60 m) associated with quartz-ankerite veins, injected in strongly sericitized basalt.
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PE-26-030: 33.00 m @ 0.76 g/t Au (74.20 m to 107.20 m), including 0.50 m @ 26.24 g/t Au (74.20 m to 74.70 m) The highest gold value is associated with quartz-ankerite veins, injected in strongly sericitized basalt near the upper contact of a felsic dyke. The entirety of the felsic dyke is anomalous in gold and injected by a high density of quartz-ankerite extension veins.
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PE-26-030: 0.50 m @ 7.71 g/t Au (132.70 m to 133.20 m) associated with quartz-ankerite veins, injected in strongly sericitized basalt.
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PE-26-030: 0.66 m @ 2.15 g/t Au (172.20 m to 172.86 m) associated with quartz-ankerite injected in sericitized basalt.
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PE-26-030: 2.00 m @ 6.44 g/t Au (182.00 m to 184.00 m), including 0.50 m @ 21.75 g/t Au (183.00 m to 183.50 m) associated with quartz-ankerite injected in sheared sericitized basalt and 1.00 m @ 1.42 g/t Au (190.40 m to 191.40 m) associated with quartz-ankerite veins injected in felsic dyke.
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PE-26-030: Part of the previous image -zoom of a 12 mm quartz-ankerite vein.
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PE-26-030: 7.00 m @ 0.66 g/t Au (197.50 m to 204.50 m), including 0.50 m @ 2.22 g/t Au (197.50 m to 198.00 m) and 0.50 m @ 2.12 g/t Au (201.50 m to 202.00 m) associated with quartz-ankerite injected in sericitized basalt.
PE-26-030: 0.53 m @ 18.00 g/t Au (216.97 m to 217.50 m) associated with quartz-ankerite veins, containing
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PE-26-030: 2.10 m @ 1.29 g/t Au (221.50 m to 223.60 m), including 0.50 m @ 2.18 g/t Au (222.00 m to 222.50 m) associated with quartz-ankerite veins, injected in a hematized felsic dyke.
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PE-26-030: 4.00 m @ 0.81 g/t Au (234.50 m to 238.50 m), including 0.50 m @ 3.17 g/t Au (235.00 m to 235.50 m) associated with quartz-ankerite veins, injected in strongly sericitized basalt and felsic dyke.
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PE-26-030: 21.30 m @ 3.07 g/t Au (255.70 m to 277.00 m), including: 1.00 m @ 6.86 g/t Au (255.70 m to 256.70 m); 8.74 m @ 5.00 g/t Au (262.60 m to 271.34 m) and 1.70 m @ 6.04 g/t Au (275.30 to 277.00 m) associated with quartz-ankerite veins injected in felsic dyke.
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Note: The mineralized intersections reported in this disclosure represent apparent lengths drilled along the downhole length of the drillhole and do not necessarily represent the true widths of the mineralization. The true width is the actual perpendicular thickness of the mineralized zone.
Sampling, Analytical Methods and QA/QC Protocols:
Holes PE-26-021 to PE-26-025 were assayed at ALS Canada Ltd. Holes PE-26-026 to PE-26-030 were assayed at Bourlamaque Assay Laboratories Ltd. with sample preparation and gold analysis completed in Val-d'Or, Québec. Gold values were determined by 30g Py-SAA finish with over limits (>10g/t Au) by a 30g GRAV finish. Note that ICP data is pending and was sent to ALS Canada Ltd. for 48 Element Four-Acid ICP-MS code ME-MS61. Eldorado Gold (Quebec) QAQC procedure is Blanks every 20 samples and Standards alternating every 20 samples as well. Two Duplicate samples are taken at every 100 samples. All of this varies depending on the presence of visible gold with the Blanks and Standards placed before the sample containing the visible gold. Chain of custody for the majority of samples was handled entirely by Eldorado with respect to cutting, bagging and shipping samples to ALS Canada Ltd. and Bourlamaque Assay Laboratories. A portion of the samples were handled by the Groupe Axenix per diamond saw cutting, bagging and analytical shipment.
Eldorado Gold (Québec) Inc. Option Agreements:
The Company, Eldorado Gold and Golden Valley Mines & Royalties Inc., as it then was ("Golden Valley") entered into an Assignment Agreement dated January 25, 2023, pursuant to which Golden Valley assigned to the Company all its rights and obligations under an Option Agreement dated October 8, 2021 ("the Option Agreement") between Golden Valley and Eldorado. As the assignee under the Option Agreement, the Company has granted to Eldorado an option ("the Option") to acquire an additional
To maintain and to exercise the Option, Eldorado must incur minimum expenditures of
Qualified Person
Mr. Glenn J. Mullan, P.Geo., President and CEO of Val-d'Or Mining, is the Qualified Person (as that term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) who has reviewed and approved this news release and is responsible for the technical information reported herein.
Eldorado Gold has not approved and is not responsible for the contents of this news release.
About Val-d'Or Mining Corporation
Val-d'Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and exploring its diverse mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGE's).
The Company has expertise in the identification and generation of new projects, and in early-stage exploration. The mineral commodities of interest are broad, and range from gold, copper-zinc-silver, nickel-copper-PGE to industrial and energy minerals. After the initial value creation in the
For additional information, please contact:
Glenn J. Mullan
2772 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: glenn.mullan@groupzedzed.com
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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