Valhalla Metals Inc. (TSXV: VMXX | OTCQB: VMXXF) has released assay results from the first three diamond drill holes of its 2026 exploration program at the Sun Project in Alaska's Ambler Mining District. The results include a standout intersection of 32.6 metres of 4.35% copper equivalent in hole Sun26-006, with a higher-grade interval of 6.5 metres grading 6.98% copper equivalent. The company states all three holes intersected multiple significant mineralised intervals, with remaining hole results to follow as assays are received and validated.

Key Points

  • Valhalla Metals Inc. (TSXV: VMXX | OTCQB: VMXXF) is a Vancouver-based polymetallic explorer focused on Alaska's Ambler Mining District.
  • The first three drill holes of the 2026 program at the Sun Project each returned multiple significant copper-zinc-lead-gold-silver mineralised intervals.
  • Hole Sun26-006 intersected 32.6m of 4.35% CuEq, including 6.5m of 6.98% CuEq; hole Sun26-005 returned 11.2m of 5.67% CuEq; hole Sun26-007 returned 12.5m of 3.97% CuEq.
  • Investors may be watching for additional assay results from the remaining 2026 drill holes as they are received, reviewed, and validated.

Sun26-006 Headline Interval Anchors Strong Three-Hole Assay Package

Hole Sun26-006 delivered the programme's headline result, intersecting 32.6 metres of 4.35% CuEq that included a higher-grade sub-interval of 6.5 metres grading 6.98% CuEq. Metal components within the broader interval include 0.46% copper, 3.96% lead, 11.95% zinc, 0.27 g/t gold, and 135.4 g/t silver. Hole Sun26-005 returned 11.2 metres of 5.67% CuEq, hosting 4.01% lead and 9.77% zinc alongside notable silver grades of 96.73 g/t. Hole Sun26-007 contributed 12.5 metres of 3.97% CuEq, including 2.07% copper and 41.59 g/t silver. The release notes all intervals are reported as drilled core lengths and that true widths are not yet known.

Step-Out Drilling Confirms Continuity Across 50 to 100 Metres

The 2026 drilling campaign was designed to fill resource model gaps within inferred areas and to test mineralisation continuity both down-dip and along strike from known intervals. The announcement states that step-out distances ranged from 50 to 100 metres from the two closest existing drill holes. Holes Sun26-005 and Sun26-006 followed up on a thicker mineralised interval from the 2023 campaign while also testing copper-rich mineralisation to the northeast. Hole Sun26-007 was drilled in an area of historical drilling to validate past intercepts and improve understanding of multiple stacked ore horizons in the southern portion of the Sun deposit.

2026 Field Season Advances Infrastructure and Regional Exploration at Ambler

Beyond the drill programme, the company completed six diamond drill holes totalling 1,787 metres during the 2026 field season using two newly acquired company-owned drill rigs. Camp infrastructure was repaired following winter snow damage. Regional activities included geological mapping across the SW Sun and South-Fold prospects, field reconnaissance at the newly acquired Smucker property, and rock sampling to refine structural and stratigraphic targets. Qualified Person Ms. Bonnie Broman, CPG, Vice President, Exploration, verified the data. Independent QA/QC review by Caroline Gilson, P.Geo., of GeoSpark Consulting Inc. confirmed overall strong accuracy and precision of analytical results.

Teck and Marubeni Partnerships Cited Alongside Pending Drill Results

Chairman Rick Van Nieuwenhuyse referenced the participation of Teck and Marubeni as partners in the project, describing their involvement as a vote of confidence in the jurisdiction and the team's strategy. The company did not disclose specific terms or ownership stakes associated with these partnerships in this announcement. Assay results from the remaining 2026 drill holes have not yet been released, with the company stating results will be reported as they are received, reviewed, and validated. The immediate share price impact was not clear from available public information.