V Ten Announces Drill Program Update at the Tanami Property, NT, Australia
V Ten Announces Drill Program Update at the
Tanami Property, NT, Australia
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) -
V Ten Metals Corp. (TSXV: VTEN)
(OTCQB: VTNMF)
("
VTen
" or the "
Company
") is pleased to announce it has collared the first drill hole
of the inaugural drill program at the Company's Tanami Property (the "
Property
"), located in the Tanami
District of the Northern Territory, Australia. The Property consists of four semi-contiguous granted
exploration licenses ("
ELs
") EL 23848, EL 31402, EL 23874 and EL 23875, covering 1,237 sq km
located in the Tanami Desert approximately 450km directly northwest of Alice Springs, Northern
Territory, Australia.
Blair Way, Company President and Director, comments: "
With the drill rig turning, we continue to
advance the work program on the Property. The team has done a great job of mobilizing and getting
set up for the work program. The data from this drill program will enable a deeper understanding of the
property and orient an aggressive follow-up drill campaign. These works aim to unlock the significant
potential of the Property and build shareholder value in the process."
Figure 1 Drill Rig Set up for first hole
To view an enhanced version of this graphic, please visit:
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This drill program marks the first drill testing to date along these two highly prospective trends as well as
the first drill program by the Company on the Property to date. This drill program will be comprised of 6-
10 drill holes for a total of approximately 2,150 m of RC drilling. The program is designed to test a series
of high-priority nickel-copper-PGE targets, integrating historical Aircore geochemistry with magnetic and
HeliTEM geophysical anomalies. The objective is to confirm sulphide mineralisation within fresh
bedrock, validate geophysical models, and define the geological controls and continuity of mineralisation
along a northeast-trending corridor.
VTEN Metals
has, subject to regulatory approval, retained Venture Liquidity Providers Inc. (VLP) to
initiate its market-making service to provide assistance in maintaining an orderly trading market for the
common shares of the company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co.
Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws.
For its services, the corporation has agreed to pay VLP $5000.00 per month. The agreement may be
terminated at any time by the corporation or VLP. The corporation and VLP act at arm's length, and VLP
has no present interest, directly or indirectly, in the corporation or its securities. The finances and the
shares required for the market-making service are provided by W.D. Latimer. The fee paid by the
company to VLP is for services only.
VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V-
listed issuers.
Qualified Person
D. Blair Way, B.Sc., P. Geo., CEO and President for the Company and Qualified Person as defined by
National Instrument 43-101, approved and supervised the preparation of the technical information in this
news release.
About V Ten Metals Corp.
VTen is a Canadian mining exploration company listed on the TSX Venture Exchange owns the
Ni-Cu-
PGE-Au Tanami Project, 1,235 km² strategically located adjacent to Newmont's Granites Mine located
in Northern Territory, Australia. The company has a farm-in JV in place exploring for potential gold
targets. VTen is led by a highly qualified team with a track record of successful exploration worldwide.
FOR FURTHER INFORMATION, PLEASE CONTACT:
D Blair Way, CEO, President and Director
Telephone: +1 (800) 482-7560 (Main); +1 (800) 482-7560 (Other - Toll Free)
E-mail:
Cautionary Notes
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward- looking statements") within the
meaning of applicable Canadian and United States legislation. Forward-looking statements are typically identified by words such as: "believes",
"expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and
phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or
achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements
regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regarding the
Agreement, the anticipated benefits of the Agreement, and any other matters in connection with the aforementioned items. Although the Company
believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be
reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to
differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and
other factors include, but are not limited to, the risk that the Company may not be able to execute and raise funds necessary to complete its
planned future activities and proposed business plans.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy
or accuracy of this release.
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