- Valhalla Metals (TSXV:VMXX) has begun its 2023 exploration program at its flagship Sun Project in Alaska’s Ambler Mining District
- The company has recently completed the construction of a 24-man camp at the Sun project and mobilization of all equipment to support a plan of 3,000 to 4,000 metres of drilling
- The 2023 program includes drilling using two drill rigs, LiDAR and orthophotography over the Sun and Smucker properties, and a ground gravity survey
- Valhalla Metals stock (TSXV:VMXX) Inc. opened trading at $0.48 per share
Valhalla Metals (TSXV:VMXX) has begun its 2023 exploration program at its flagship Sun Project in Alaska’s Ambler Mining District.
The company has recently completed the construction of a 24-man camp at the Sun project and mobilization of all equipment to support a plan of 3,000 to 4,000 metres of drilling.
The 2023 program includes drilling using two drill rigs, LiDAR and orthophotography over the Sun and Smucker properties, and a ground gravity survey.
Major Drilling EF75 setup and drilling at Sun23-002. Source: Valhalla Metals Inc.
Major Drilling, which has a long history of experience and success in the district, has been engaged to execute exploration drilling at the project.
This year’s diamond core drilling program will focus mainly on resource expansion at the Main Sun and SW Sun copper-zinc-silver-lead-gold volcanogenic massive-sulfide deposits.
Plan view map showing historic drilling and the 2023 planned drilling. Source: Valhalla Metals Inc.
The program will be one of the largest programs in the history of the project, and the first drilling program on the property in more than 10 years.
Rick Van Nieuwenhuyse, chairman of Valhalla, said in a news release the Sun deposit is ripe for expansion.
“A detailed evaluation of the VTEM survey indicates strong conductors between Sun and SW Sun, along strike and down dip. The deposit has long been drilled to a down dip depth of 200 metres, whereas VMS deposits typically extend for kilometres down-dip and along strike. We see the potential to greatly expand the resource footprint with this summer’s program,” Van Nieuwenhuyse said in a statement.
Valhalla Metals Inc. is a mineral exploration and development company that owns two high-quality copper-zinc-lead-gold-silver VMS projects in Northwest Alaska.
Valhalla Metals Inc. opened trading at $0.48 per share.
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