Val-D'Or Mining Exploration Update - Perestroika Prospect Eldorado Gold (Quebec) Inc. Option
Val-D'Or, Québec--(Newsfile Corp. - May 5, 2026) - Val-D'Or Mining Corporation (TSXV: VZZ) (OTCQB: VDOMF) ("the Company") is pleased to announce the completion of 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 was budgeted at $1.37 M USD, to include 20 planned diamond drill holes totalling approximately 8,000 metres, utilizing two diamond drill rigs. Drilling activities were completed on April 6th and 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.
Map I: Diamond Drill Hole Plan
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_002full.jpg
For comparative purposes, the 2025 diamond drill program was budgeted at $0.84 M USD with twelve (12) NQ holes completed for a cumulative 5,004 metres drilled.
Eldorado Gold is the project operator. Core logging and sampling of the drillholes is currently on-going. The analytical results will be reported in batches as they are received.
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 and March 30, 2026 news releases.
A number of significant drillhole intersections were recorded in the program consisting of multiple intervals of altered felsic dyke sections hosting mineralized extensional quartz-ankerite veins. Five (5) such drillholes are summarized below to include PE-26-025; PE-26-027; PE-26-39A; PE-26-44; and PE-26-45B.
Glenn J. Mullan, President and CEO of Val-D-Or Mining Corporation commented "the results of this year's drill program exceeded our expectations based on a significant number of well mineralized and veined sections hosted in altered felsic dykes, including the abundance of visible gold contained in the extensional quartz-ankerite veins. Building on previous results, the identification of additional multiple mineralized sections, demonstrates the district scale potential of the property."
Section I: Selective Individual Diamond Drill Hole Highlights
DDH PE-26-25: 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.
53.95 - 54.00 metres: Quartz-Ankerite veins with pyrite in a section of high vein density in felsic dyke.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_003full.jpg
77.30 - 77.40 metres: Quartz-Ankerite extensional veins with pyrite in a section of high vein density in felsic dyke.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_004full.jpg
95.00 - 95.10 metres: Quartz-Ankerite-carbonate extensional veins, with coarse pyrite in a section of high vein density in felsic dyke.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_005full.jpg
168.00 - 171.00 metres: Section of high quartz-ankerite vein density in felsic dyke.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_006full.jpg
DDH PE-26-027: 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.
80.00 - 99.50 metres: Quartz-Ankerite-Carbonate veins injected in felsic dyke. At 99.00 metres, 1.0 metre wide quartz-ankerite vein with coarse pyrite.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_007full.jpg
Close-up of section between 80.00 - 99.50 metres above.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_008full.jpg
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_009full.jpg
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_011full.jpg
99.50 - 144.00 metres: Interval of high-density Quartz-Ankerite extensional veins injected in felsic dyke.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_013full.jpg
146.00 - 163.00 metres: High density section of Quartz-Ankerite extensional veins injected in felsic dyke. Noted presence of coarse pyrite in the quartz-ankerite veins.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_014full.jpg
See photos of visible gold intersections from PE-26-27 in Section II below.
DDH PE-26-039A: 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.
Drilled at a high-angle, intersected very high density of felsic dykes injected with quartz-ankerite veins in the first 200 metres of coring.
82.90 - 99.50 metres: Felsic dyke with 10% of extensional quartz-ankerite veins with fine pyrite mineralization.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_015full.jpg
99.50 - 112.40 metres: Felsic dyke with 10% of extensional quartz-ankerite veins with fine pyrite mineralization.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_016full.jpg
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_017full.jpg
117.10 - 198.00 metres: Succession of felsic dykes in basalt with high extensional quartz-ankerite vein density.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_018full.jpg
PE-26-044: 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.
Intersected several intervals of felsic dykes injected with quartz-ankerite veins. Visible gold occurrences were observed in three distinct veins at 91.8-92.6 metres; 220-220.75 metres and 252.40-252.55 metres.
See photos of visible gold intersections from PE-26-44 in Section II below.
PE-26-045B: 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.
The hole intersected several intervals of felsic dykes injected with thick quartz-ankerite veins up to 1.50 metres thick intersected. Visible gold occurrences were observed in six distinct veins at 58.3-58.8 metres; 160.60-160.75 metres and 248.6-248.8 metres; 314.9-315.0 metres; 417.0-417.2 metres; and 418.30-418.45 metres - See photos of visible gold in Section II below.
21.00 - 39.00 m: Felsic dyke injected by mineralized quartz-ankerite extension veins.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_019full.jpg
90.00 - 111.00 metres: Felsic dyke injected with large quartz-ankerite veins.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_020full.jpg
134.40 - 111.00 metres: Felsic dyke injected with multiple quartz-ankerite veins.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_021full.jpg
Section II: Diamond Drillholes with Visible Gold Intersections:
Visible gold was observed in twelve (12) of the drillholes at the time of writing, and hosted by extensional and flat ankerite-quartz veins.
PE-26-021: 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.
189.19 - 189.23 metres: Three specs of visible gold observed in NQ core sample, associated with coarse pyrite hosted in a quartz-ankerite extensional vein.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_022full.jpg
PE-26-022: 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.
178.0 metres: Visible gold intersection observed in NQ drill core sample.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_023full.jpg
PE-26-024: 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.
328.70 metres: Visible gold intersection observed in NQ drill core sample.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_024full.jpg
PE-26-027: 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.
Visible gold intersection observed in NQ drill core sample.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_025full.jpg
153.22 metres: Visible gold intersection observed in NQ drill core sample.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_026full.jpg
342.07 metres: Visible gold intersection observed in NQ drill core sample.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_027full.jpg
PE-26-028: 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.
The hole intersected several felsic dykes injected with extensional quartz-ankerite veins. More felsic dykes with quartz-ankerite extensional veins were intersected between 388.00 - 397.00 metres. A folded quartz-tourmaline vein, hosted in a sheared basalt unit was intersected at 329.00 metres.
Visible gold intersection observed in NQ drill core sample.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_028full.jpg
PE-26-030: 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.
The hole intersected several felsic dykes injected with extensional quartz-ankerite veins, hosting observed intersections of visible gold.
Visible gold intersection observed in NQ drill core sample.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_029full.jpg
361.20 metres: Quartz-ankerite extension vein with visible gold, observed in NQ drill core sample.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_030full.jpg
PE-26-034: Target/Objective - Drilled across the shear zone and felsic dykes package to test the continuity of the dyke swarm to the northwest. It intersected 7 felsic dyke intervals hosting quartz-ankerite extensional veins.
342.00 - 346.00 metres: Felsic dyke injected with extensional quartz-ankerite veins, hosting two separate specks of visible gold with coarse pyrite observed in NQ drill core sample.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_031full.jpg
PE-26-038: Target/Objective - Drilled towards the northwest along the shear to test for the possibility of multiple swarms of quartz-ankerite extensional veins shoots.
212.25 metres: Twenty specs of visible gold observed in NQ drill core sample, with coarse pyrite.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_032full.jpg
PE-26-039A: Target/Objective - Drilled across the shear zone and felsic dykes package to test the continuity of the dyke swarm to the northwest. It intersected 7 felsic dyke intervals hosting quartz-ankerite extensional veins.
33.55 metres: Visible gold observed in NQ drill core sample, hosted in a quartz-ankerite extensional vein.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_033full.jpg
34.95 metres: Visible gold observed in NQ drill core sample, hosted in a quartz-ankerite extensional vein.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_034full.jpg
PE-26-043: Target/Objective - Drilled across the shear zone and felsic dykes package to test the continuity of the dyke swarm to the northwest. It intersected 7 felsic dyke intervals hosting quartz-ankerite extensional veins.
The hole steepened sooner then expected and intersected the southern shear higher up in the hole. Several felsic dyke intervals were intersected hosting extensional quartz-ankerite veins.
27.20 - 27.30 metres: Visible gold observed in NQ drill core sample, hosted in a quartz-ankerite vein with fine-coarse cubic pyrite.
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7049/295983_dcc6479e343be81a_035full.jpg
63.50 - 63.65 metres: Numerous specs of visible gold (
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.