Val-d’Or Mining Starts Phase III Drilling at Perestroika as High-Grade Results Extend Gold Corridor

The latest update is out from Val-d’Or Mining Corporation ( (TSE:VZZ) ).

Val-d’Or Mining Corporation has launched an 8,000-metre Phase III diamond drilling campaign on its Perestroika Prospect in Courville Township, Quebec, under an option agreement that allows Eldorado Gold to earn a 70% stake in several properties. The US$1.37 million, 20-hole program aims to test stacked quartz-ankerite gold-bearing veins, probe for multiple high-density vein shoots, extend known mineralized shear zones, and follow up on high-grade intercepts from the 2024 and 2025 drill seasons that demonstrated a 1.5 km mineralized corridor open along strike and at depth.

Recent drilling has shown that gold mineralization is closely associated with felsic intrusive dykes and a 150- to 200-metre-wide shear corridor, with every 2025 hole returning anomalous gold intervals and several delivering potentially economic grades over meaningful widths. These results, combined with evidence of parallel mineralized structures and high-grade intercepts both northwest and southeast of the main corridor, suggest significant potential to expand the mineralized footprint, potentially enhancing the strategic value of Val-d’Or’s Quebec gold portfolio and strengthening Eldorado’s rationale for advancing its earn-in.

The most recent analyst rating on (TSE:VZZ) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Val-d’Or Mining Corporation stock, see the TSE:VZZ Stock Forecast page.

Spark’s Take on TSE:VZZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:VZZ is a Neutral.

The score is driven primarily by mixed financial performance: a strong, low-risk balance sheet and improved cash flow are outweighed by ongoing losses and negative returns. Technicals are largely neutral with a slightly negative momentum signal, and valuation is constrained by negative earnings and no dividend support.

To see Spark’s full report on TSE:VZZ stock, click here.

More about Val-d’Or Mining Corporation

Val-d’Or Mining Corporation is a Canadian mineral exploration company focused on gold projects in Quebec. Its portfolio includes the Perestroika, Murdoch Creek, Claw Lake and Cook Lake properties, with exploration activities advanced through an option partnership with Eldorado Gold, which can earn a 70% interest in these assets.

Average Trading Volume: 85,797

Technical Sentiment Signal: Buy

Current Market Cap: C$11.18M

Learn more about VZZ stock on TipRanks’ Stock Analysis page.