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Vior Gold Corp Inc
Symbol VIO
Shares Issued 415,606,146
Close 2026-06-02 C$ 0.115
Market Cap C$ 47,794,707
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Vior Gold drills four m of 7.94 g/t Au at Ligneris

2026-06-02 17:35 ET - News Release

Mr. Mathieu Savard reports

VIOR GOLD CORPORATION EXTEND HIGH GRADE MINERALIZATION AT DEPTH

Vior Gold Corp. Inc. has released new results from its 20,000-metre continuing drill program on its 100-per-cent-owned Ligneris project, located 55 kilometres northwest of the town of Amos in the Abitibi region in Quebec.

Highlights:

  • Hole LI-26-010-EXT intersected 7.94 grams per tonne gold over 4.0 metres at 990.0 metres.
  • Hole LI-26-028 intersected 11.8 g/t over 1.3 metres, extending the south zone laterally.
  • High-grade mineralization now delineated to 805 metres vertically.
  • Confirms high-grade vertical continuity while remaining open at depth and laterally.

Mathieu Savard, president and chief executive officer of Vior Gold, commented: "When our drill program began in early January, our primary objective was to test the extension of mineralization at greater depth at Ligneris South zone. The latest results from drill hole LI-26-010-EXT confirm continuity, grade and significant thickness down to a depth of 805 metres. Over the coming months, the program will continue to test deeper horizons using step-back drill holes exceeding 1,300 metres. It is well established that Archean gold deposits within the Abitibi greenstone belt are deeply rooted, and the South zone is increasingly demonstrating this characteristic, with encouraging results observed below 800 metres vertically. In light of these results, the current drilling campaign has been expanded to 30,000 metres."

Mineralization that returned 7.94 g/t Au over 4.0 metres, including 14.6 g/t Au over 1.5 metres, reported in LI-26-010-EXT consists predominantly of trace to 5 per cent pyrite hosted in a strongly silicified rhyolite with a weak to moderate sericitization. It was collared 50 metres southeast of LI-26-005-EXT (5.64 g/t Au over 4.0 metres; see news release dated March 17, 2026) that returned a new value of 1.00 g/t Au over 8.5 metres, including 5.75 g/t Au over 1.0 metres between 814.0 metres and 822.5 metres. Hole LI-26-010-EXT intersected a second interval that returned 2.99 g/t over 4.0 metres starting at 890.0 metres. Mineralization is characterized by trace to 2 per cent pyrite hosted in a moderately sericitized and silicified rhyolite.

Drill hole LI-26-028 returned 11.8 g/t Au over 1.3 metres, including 34.4 g/t Au over 0.4 metre, was collared 350 metres from drill hole LI-26-007 (21.7 g/t Au over 1.0 metres; see news release dated May 7, 2026), extending the mineralization and alteration halo farther to the southwest. Mineralization occurs as finely disseminated pyrite, ranging from 3 to 5 per cent hosted in a moderately to strongly sericitized and silicified rhyolite. With this result the mineralization structure on South Zone has now been identified over more than 1,100 metres laterally.

The corporation has completed approximately 21,000 metres of drilling since the beginning of the 2026 program and more than 10,000 assays are pending at the laboratory. Vior is currently drilling with two drill rigs and will continue with one drill rig at the end of June. The corporation is expected to complete its 30,000-metre program during Q3 2026.

Vior is also pleased to announce the beginning of its summer prospecting and mapping programs, which will take place from June to September with a team of approximately 10 people. The team will mainly focus on the recently acquired projects while also covering other generative projects. Finally, several airborne magnetic and electromagnetic surveys have been completed or are progressing on the company's recently acquired projects, namely Kinebik, Peacock (Ligneris) and Launay.

Quality control

True widths are estimated at 65 to 80 per cent of the reported core length intervals. Assays are uncut except where indicated. All NQ core assays reported were obtained by either one-kilogram screen fire assay or standard 50-gram fire assay (AA finish or gravimetric finish) at ALS Laboratories in Val d'Or, Que., or Sudbury, Ont. The one-kilogram screen assay method is used when samples contain coarse gold intervals. Selected samples are also analyzed for multielements using a four-acid digestion ICP-MS method at ALS Laboratories. Drill program design, quality assurance/quality control (QA/QC) and interpretation of results are performed by qualified persons employing a QA/QC program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are alternately inserted every 10 samples to adhere to strict QA/QC guidelines and protocols by the corporation and the lab. Historical results on the Ligneris project described in this news release are from public sources and the qualified person responsible for the review and approval of the technical information disclosed in this news release (see details below) has not verified the information relating to these historical results. Consequently, such information is not necessarily indicative of mineralization on the Ligneris project.

Qualified person

The technical content disclosed in this news release was reviewed and approved by Pascal Simard, vice-president, exploration, at Vior Gold, qualified person as per NI 43-101.

About Vior Gold Corp. Inc.

Vior Gold is a junior mineral exploration corporation based in the province of Quebec, Canada, whose corporate strategy is to generate, explore and develop high-quality precious metals projects in the proven and favourable mining jurisdiction of Quebec. Through the years, the corporation's management and technical teams have demonstrated their ability to discover several multimillion-ounce gold deposits in Quebec.

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