Viking Mines Commences Growth Focused Vanadium Drilling

THE DRILL SERGEANT: Viking Mines (ASX: VKA) has kicked of a new drilling program at the company’s Canegrass battery minerals project in the Murchison Region of Western Australia.

Viking Mines has commenced the major drill program comprised of approx. 40 Reverse Circulation (RC) drillholes.

The company outlined the program to have two main objectives.

1. To improve the confidence in the current Mineral Resource Estimate (MRE) by drill testing within the existing Inferred (JORC 2012) MRE limits of 79 million tonnes at 0.64 per cent vanadium pentoxide (V2O5) to validate and improve the existing geological interpretation; and

2. To grow the Resource base through discovery of new Vanadiferous Titanomagnetite (VTM) mineralisation by drill testing targets outside of the limits of the current MRE.

“This is a major phase for the company as we look to rapidly advance exploration activities at the Canegrass project,” Viking Mines managing director & CEO Julian Woodcock said in the company’s ASX announcement.

“This is the first substantial drill campaign to be completed at the project in more than a decade, comprised of some 40 drill holes totalling around 6,000 metres.

“The focus of this drilling program is to improve confidence in the current Vanadium Mineral Resource Estimate, while also assessing the potential of the greater than eight kilometres strike length of VTM mineralisation.

“Given what we have seen so far in the geology, I am confident that we have the opportunity to see substantial growth in what is already a significant resource at Canegrass.

“I am excited by the prospects of what we are going to discover with the drill bit and look forward to updating the market with results from this drill programme in the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE