Viking Mines Encounters Gold in Bitfrost Drilling Campaign

THE DRILL SERGEANT: Viking Mines (ASX: VKA) reported encouraging assay esults from recent drilling activity at the company’s First Hit project in Western Australia.

Viking Mines’ recent drilling focused across the project’s Bifrost target (formerly Northern Duplex Target) as part of a Phase 1 drilling program.

The company declared assays it has received have confirmed additional zones of gold mineralisation within this greenfields target area.

The best intercepts emerged from hole VKRC0103, returning:

5 metres at 1 gram per tonne gold from 102m and 3m at 1.3g/t gold from 115m, within a broader zone of 23m at 0.4g/t gold from 97m.

Viking said the results it has achieved to date demonstrate the potential for a strike extensive gold system now covering 1.7km, which it intends following up as it attempts to identify the potential source of gold.

The company signalled a phase 2 drill program is set to commence soon at another geochemical anomaly; the Central Duplex target.

Follow up drilling at Bifrost will be incorporated once remaining assays have been received.

“We have demonstrated extensive gold mineralisation pathways are present with the capacity to generate results of the tenor seen proximal to regionally relevant substantial gold deposits such as Riverina (ASX: OBM),” Viking Mines managing director & CEO Julian Woodcock said in the company’s ASX announcement.

“This first pass wide spaced drilling program covers a very large area >3.6km in strike length and has now delivered us two high priority follow up targets 1.7km apart, which warrant immediate further work.

“Work programs continue with auger drilling underway and the Phase 2 RC drill program to commence in March.”

 

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