Viking scores second high-grade gold hit at Akoase

THE DRILL SERGEANT: Perth-based Viking Ashanti (ASX:VKA) has reported a second high-grade gold hit over 20 metres down hole width and at shallow depth from drilling conducted at the company’s Akoase gold project in southern Ghana, West Africa.

 

Project locations in Southern Ghana. Source: Company announcement

 

According to Vikings announcement to the ASX the intersection was achieved at the Alimac prospect and returned:

–    20.6 metres at 4.42 grams per tonne gold;

This was contained within a broader altered and mineralized zone of:

–    39.6m at 2.71g/t gold, at a depth of 70m vertically below surface.

The latest intersection follows another hole Viking reported in March this year at Alimac, which recorded a high-grade intersection of:

–    31m at 7.84g/t gold at less than 100m depth – the thickest and highest grade drill intersection recorded to date on the Akoase project.

The most recent hole was part of a 10 hole program of Reverse Circulation (RC) and diamond drilling Viking completed in mid-November, targeting down dip and along strike extensions of the higher grade mineralization intersected by previous early 2012 drilling at the Alimac prospect.

The company has received assay results from the first four RC precollared diamond holes drilled.

Two additional holes have also returned encouraging grade and width intersections including:

–    4.7m at 3.04g/t gold and 6m at 1.91g/t gold; and

–    7m at 2.39g/t gold and 4m at 1.65g/t gold.

Viking said these intersections have confirmed extensions of the mineralisation below existing drilling for at least a further 50 metres down dip.

The fourth hole intersected 2m at 2.44g/t gold at the bottom of the hole, before being terminated prematurely, before passing through the target zone, due to drilling difficulties.

Viking said it expects to receive results for the remaining six holes in the next two weeks.