Val-d'Or Mining Corporation press release

Val-d'Or Mining Diamond Drill Program Update - Perestroika Prospect

2026-08-05

TSXV - TSX Venture Exchange · Gold · Silver · Copper · Zinc · Canada · Drill Results

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 6thand 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. | | | | | |

[](https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_002full.jpg)

Map I: Diamond Drill Hole Plan

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_002full.jpg

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 |

[](https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_003full.jpg)

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.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_003full.jpg

[](https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_004full.jpg)

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.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_004full.jpg

[](https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_005full.jpg)

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.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_005full.jpg

| 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 |

[](https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_006full.jpg)

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.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_007full.jpg

[](https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_008full.jpg)

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.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_008full.jpg

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. |

[](https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_0009full.jpg)

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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:

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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.

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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, including16.00 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 |

[](https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_020full.jpg)

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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[](https://images.newsfilecorp.com/files/7049/308061_f3563b5b54d46b7f_021full.jpg)

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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).

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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.