“This large project area is a testament to the exceptional geological potential we see in Labrador,” Viridian CEO Tyrell Sutherland said in a news release.
“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 [of] its mineral wealth.”
The region is believed to host promising geological formations conducive to copper concentration, Viridian said. 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 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…
