Val-D’Or, Quebec — February 19, 2026 — Leads & Copy — Val-D’Or Mining Corporation (TSXV: VZZ) (OTCQB: VDOMF) has announced the start of an 8,000-metre diamond drilling program on the Perestroika Prospect.
The Perestroika property, located in Courville Township, Québec, approximately 40 kilometres northeast of Val-D’Or, Québec, is under option to Eldorado Gold (Québec) Inc. Eldorado can earn a 70% interest in each of the Murdoch Creek, Claw Lake, Cook Lake and Perestroika properties, according to the terms outlined in the agreement.
The 2026 diamond drilling program is budgeted at $1.37 million USD. It will consist of 20 planned holes totaling approximately 8,000 metres, using two diamond drill rigs. The final number of holes will depend on the depths and results obtained for each hole drilled.
This Phase III diamond drilling program follows up on gold values from the 2024 and 2025 drill programs. Details on the regional/property geology, program objectives, and gold assay intersections from the previous drill programs can be found in Val-D’Or Mining Corporation’s news releases dated December 19, 2024, and September 26, 2025.
The objectives of the drill program include testing the hypothesis that the quartz-ankerite gold-bearing veins are stacked in an alignment parallel to the stretching lineation, and testing for multiple shoots of high-density stacked vein arrays.
Drilling will follow up on intercepts present in PE-24-005 (0.50m @ 213.08 g/t Au) and PE-25-013 (1.30m @ 46.36 g/t). The program also aims to test the lateral continuity of the quartz-ankerite vein system and determine areas of highest vein density, as well as test for parallel mineralized shear zones north and south of the identified dyke swarm corridor.
Eldorado is the project operator. Results from the current drill program will be reported once received.
Summary of Results from the 2024-2025 drill programs:
Most of the observed gold mineralized veins are flat and extensional. The felsic dyke and the gold mineralization are associated with pervasive sericitization. The highest density of extension quartz-ankerite veins are hosted in felsic intrusive dykes, within an estimated 150-200-metre wide shear zone corridor.
Every hole drilled in the 2025 program returned anomalous gold intervals. The best interval was intersected in PE-25-012: 16.30m @ 4.01 g/t Au, incl. 0.50m @ 66.30 g/t Au. 500 metres southeast, PE-25-019 returned 4.60m @ 12.35 g/t Au.
A parallel gold bearing shear zone was identified in PE-25-013: 1.00m @ 46.36 g/t Au, extending the footprint of the mineralized corridor by 1,000 metres to the northwest.
Based on the results from PE-25-013 (extreme northwest) and PE-25-019 (extreme southeast), the shear corridor is mineralized over its entire investigated strike length (1,500m) and is open along strike, and at depth.
There is potential discovery potential to find mineralized parallel structures, such as the shear intersected in PE-24-005, located approximately 250-300 metres south of the main shear corridor that returned an intersection of 0.50m @ 213.08 g/t Au.
Drill Hole Highlights:
Seven selected diamond drill hole intervals showing potential economic gold grades and thickness:
GPS-09-01*: 2.77m @ 26.18 g/t Au (261.65m -264.42)
Incl. 0.30m @ 217.00 g/t Au
GPS-09-02*: 3.05m @ 20.69 g/t Au (140.40m -143.45)
Incl. 0.37m @ 121.50 g/t Au
PE-24-004: 8.60m @ 4.45 g/t Au (154.40m -163.00m)
Incl. 0.50m @ 35.12 g/t Au
PE-25-012: 16.30m @ 4.01 g/t Au (127.50m -143.80m)
Incl. 0.50m @ 66.30 g/t Au
PE-25-015: 3.00m @ 7.48 g/t Au (225.50m -228.50m)
Incl. 0.55m @ 37.00 g/t Au
PE-25-015: 5.55m @ 4.38 g/t Au (261.00m -266.50m)
Incl. 0.55m @ 15.50 g/t Au and 0.80m @ 18.45 g/t Au
PE-25-019: 4.60m @ 12.35 g/t Au (269.40m -274.00m)
Note: These intersections are along the drill hole length and do not represent true widths.
*For GPS-09-01 and GPS-09-02 assays, refer to Golden Valley Mines news release dated August 11, 2010.
The Company, Eldorado and Golden Valley Mines & Royalties Inc. entered into an Assignment Agreement dated January 25, 2023, pursuant to which Golden Valley assigned to the Company all its rights and obligations under an Option Agreement dated October 8, 2021 between Golden Valley and Eldorado.
As the assignee under the Option Agreement, the Company has granted to Eldorado an option to acquire an additional 40% interest in the properties subject to the Option Agreement, one of which is the Perestroika Property in Québec. The Company currently holds a 70% interest in the Properties, and Eldorado currently holds a 30% interest in the Properties.
To maintain and to exercise the Option, Eldorado must incur minimum expenditures of $10,500,000 on or before the fifth anniversary of the date of the conditions precedent under the Option Agreement being satisfied, as well as comply with its obligations under the terms of the Option Agreement to keep the Properties in good standing.
Prior to exercising the Option, Eldorado will make an annual payment to the Company of $50,000 per year. Upon the exercise of the Option by Eldorado, it and the Company will enter into a joint venture agreement on the terms set out in the Option Agreement.
Mr. Glenn J. Mullan, P.Geo., President and CEO of Val-D’Or Mining, is the Qualified Person who has reviewed and approved this release.
Val-D’Or Mining Corporation is a junior natural resource issuer acquiring and exploring its diverse mineral property assets, mostly in the Abitibi Greenstone Belt of NE Ontario and NW Québec. It evaluates new opportunities for staking and acquisitions. Outside of Abitibi, the Company holds properties in Northern Québec covering different geological environments and commodities.
The Company has expertise in the identification and generation of new projects, and in early-stage exploration. Mineral commodities of interest range from gold, copper-zinc-silver, nickel-copper-PGE to battery and industrial minerals. After the initial value creation in the 100%-owned, or majority-owned properties, the Company seeks option/joint venture partners with technical expertise and financial capacity to conduct more advanced exploration projects.
Source: Val-D’Or Mining Corporation
