# Valhalla Metals Identifies Multiple Untested VTEM Conductive Targets at the Sun Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c Original source: https://money.tmx.com/en/quote/VMXX/news/6701922622338593/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun- Publisher: tmx Original announcement: 2026-08-10T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Valhalla Metals Inc. - Ticker: VMXX - Exchange: TSX - Region: Northwest Alaska - Primary commodity: Copper - Secondary commodities: Gold, Silver, Zinc, Lead - Document categories: Resource update, Other, Drill results - Extracted: 2026-09-13 06:25:16 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Valhalla Metals has identified four key untested VTEM conductive targets \(A, B, C, and D\) at its Sun project in Alaska. These targets, located within the same volcanic-sedimentary package as the known Sun and SW Sun VMS deposits, represent significant potential for resource growth and new discoveries. Reasoning: The announcement identifies significant new geophysical targets \(VTEM\) that suggest potential for resource expansion and new discoveries, complementing the existing mineral resource. - Positive factor: Identification of multiple untested VTEM conductive targets \(A, B, C, D\) - Positive factor: Targets align with known VMS mineralization and host stratigraphy - Positive factor: Target B is a large 2.5km diameter near-surface conductor - Positive factor: Target C shows significant vertical extent \(>1000m\) - Positive factor: Existing resource provides a strong foundation for growth - Negative factor: Targets are currently untested by drilling Facts used in scoring: 12 ## Classification and evidence **Step-Out Extension** Polarity: positive Story-specific tag Definition: Mineralization extended beyond the previously known limit. Why it applies: The 2023 drill holes were strategically designed as step-outs to test for mineralization continuity. Evidence · text > The 2023 drill holes were strategically designed as step-outs **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release refers to a previous press release containing full discussion of quality control and quality assurance measures. Evidence · text > including a full discussion regarding the results of the program and information regarding quality control and quality assurance measures undertaken in connection with the program ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Sun23-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-drill-facts-10) copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: Sun23-01 - Commodity: copper - Region: usa\_ak - Reported Region: usa\_ak - Ticker: VMXX #### Geometry - Grade: 1.24 - Grade Unit: % - Intercept: 13.7 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Metal Equivalent - Metal Eq. Grade: 3.07 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2023-10-30T00:00:00.000Z #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Strong high-grade intercept from 2023 drilling. - Positive factor: High-grade CuEq intercept Evidence · text > 13.7m of 3.07% CuEq \(1.24% Cu, 0.92% Pb, 3.45% Zn, 0.16 g/t Au, and 55.79 g/t Ag\) in hole Sun23-01 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For additional information regarding Valhalla's 2023 exploration program, including a full discussion regarding the resu" ### Sun23-04 [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-drill-facts-11) copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: Sun23-04 - Commodity: copper - Region: usa\_ak - Reported Region: usa\_ak - Ticker: VMXX #### Geometry - Grade: 1.31 - Grade Unit: % - Intercept: 21.4 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Metal Equivalent - Metal Eq. Grade: 6.84 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2023-10-30T00:00:00.000Z #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Very strong high-grade intercept from 2023 drilling. - Positive factor: Exceptional high-grade CuEq intercept Evidence · text > 21.4m of 6.84% CuEq \(1.31% Cu, 3.23% Pb, 11.03% Zn, 0.24 g/t Au, and 108.31 g/t Ag\) within a larger interval of 52.4m of 3.3% CuEq in hole Sun23-04 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "For additional information regarding Valhalla's 2023 exploration program, including a full discussion regarding the resu" ## Resource Estimates (10) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-0) Sun Project · copper #### Identity - Project: Sun Project - Commodity: copper - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:7a5547488ae2c3a648e3 - Deposit or zone: Sun #### Resource Data - Category: indicated - Tonnes: 1710000 - Grade: 1.48 - Grade Unit: % - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Standard Indicated resource component of the Sun project. Evidence · text > 1.71 million tonnes of Indicated mineral resources grading 1.48% Cu, 0.21 g/t Au, 60 g/t Ag, 4.32% Zn, and 1.11% Pb #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-1) Sun Project · gold #### Identity - Project: Sun Project - Commodity: gold - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:7a5547488ae2c3a648e3 - Deposit or zone: Sun #### Resource Data - Category: indicated - Tonnes: 1710000 - Grade: 0.21 - Grade Unit: g/t - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Trace gold component of the Indicated resource. Evidence · text > 1.71 million tonnes of Indicated mineral resources grading 1.48% Cu, 0.21 g/t Au, 60 g/t Ag, 4.32% Zn, and 1.11% Pb #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-2) Sun Project · silver #### Identity - Project: Sun Project - Commodity: silver - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:7a5547488ae2c3a648e3 - Deposit or zone: Sun #### Resource Data - Category: indicated - Tonnes: 1710000 - Grade: 60 - Grade Unit: g/t - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Trace silver component of the Indicated resource. Evidence · text > 1.71 million tonnes of Indicated mineral resources grading 1.48% Cu, 0.21 g/t Au, 60 g/t Ag, 4.32% Zn, and 1.11% Pb #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-3) Sun Project · zinc #### Identity - Project: Sun Project - Commodity: zinc - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:7a5547488ae2c3a648e3 - Deposit or zone: Sun #### Resource Data - Category: indicated - Tonnes: 1710000 - Grade: 4.32 - Grade Unit: % - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Zinc component of the Indicated resource. Evidence · text > 1.71 million tonnes of Indicated mineral resources grading 1.48% Cu, 0.21 g/t Au, 60 g/t Ag, 4.32% Zn, and 1.11% Pb #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-4) Sun Project · lead #### Identity - Project: Sun Project - Commodity: lead - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:7a5547488ae2c3a648e3 - Deposit or zone: Sun #### Resource Data - Category: indicated - Tonnes: 1710000 - Grade: 1.11 - Grade Unit: % - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Lead component of the Indicated resource. Evidence · text > 1.71 million tonnes of Indicated mineral resources grading 1.48% Cu, 0.21 g/t Au, 60 g/t Ag, 4.32% Zn, and 1.11% Pb #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-5) Sun Project · copper #### Identity - Project: Sun Project - Commodity: copper - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:dfe5242b50dface54157 - Deposit or zone: Sun #### Resource Data - Category: inferred - Tonnes: 9020000 - Grade: 1.21 - Grade Unit: % - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Inferred resource component of the Sun project. Evidence · text > 9.02 million tonnes of Inferred mineral resources grading 1.21% Cu, 0.25 g/t Au, 81.70 g/t Ag, 4.18% Zn, and 1.46% Pb #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-6) Sun Project · gold #### Identity - Project: Sun Project - Commodity: gold - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:dfe5242b50dface54157 - Deposit or zone: Sun #### Resource Data - Category: inferred - Tonnes: 9020000 - Grade: 0.25 - Grade Unit: g/t - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Trace gold component of the Inferred resource. Evidence · text > 9.02 million tonnes of Inferred mineral resources grading 1.21% Cu, 0.25 g/t Au, 81.70 g/t Ag, 4.18% Zn, and 1.46% Pb #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-7) Sun Project · silver #### Identity - Project: Sun Project - Commodity: silver - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:dfe5242b50dface54157 - Deposit or zone: Sun #### Resource Data - Category: inferred - Tonnes: 9020000 - Grade: 81.7 - Grade Unit: g/t - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Trace silver component of the Inferred resource. Evidence · text > 9.02 million tonnes of Inferred mineral resources grading 1.21% Cu, 0.25 g/t Au, 81.70 g/t Ag, 4.18% Zn, and 1.46% Pb #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-8) Sun Project · zinc #### Identity - Project: Sun Project - Commodity: zinc - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:dfe5242b50dface54157 - Deposit or zone: Sun #### Resource Data - Category: inferred - Tonnes: 9020000 - Grade: 4.18 - Grade Unit: % - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Zinc component of the Inferred resource. Evidence · text > 9.02 million tonnes of Inferred mineral resources grading 1.21% Cu, 0.25 g/t Au, 81.70 g/t Ag, 4.18% Zn, and 1.46% Pb #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/valhalla-metals-identifies-multiple-untested-vtem-conductive-targets-at-the-sun--29d2b4ce-c974-4c7a-8c48-0bf3739ee84c#fact-resource-facts-9) Sun Project · lead #### Identity - Project: Sun Project - Commodity: lead - Region: usa\_ak - Reported Region: Northwest Alaska - Ticker: VMXX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael M. Gustin - Resource group id: resource:dfe5242b50dface54157 - Deposit or zone: Sun #### Resource Data - Category: inferred - Tonnes: 9020000 - Grade: 1.46 - Grade Unit: % - Cutoff Grade: 75 - Cutoff Unit: $ GMV #### Prior Estimate - Resource Date: 2021-10-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Lead component of the Inferred resource. Evidence · text > 9.02 million tonnes of Inferred mineral resources grading 1.21% Cu, 0.25 g/t Au, 81.70 g/t Ag, 4.18% Zn, and 1.46% Pb #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.9 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.