Viking Mines Limited (ASX:VKA) Confirms Gold Discovery at Northern Duplex Target
Gold Discovery Confirmed
Viking Mines Limited (ASX:VKA) announced that further assay results from the Northern Duplex Target confirm the presence of a steeply dipping gold zone extending to surface. Drill hole VKRC0068 returned a 17m intercept at 1.1g/t Au from 28m, including higher-grade sections up to 3.1g/t Au. Assays for three additional wide-spaced drill traverses are still pending.
Phase 2 and Future Exploration
The company is set to begin a targeted infill auger sampling programme over the Northern Duplex Target to define the extent of the gold zone. Additionally, Phase 2 drilling will commence in early March at the Central Duplex Target, focusing on a separate 6km geochemical anomaly. Viking Mines plans to incorporate follow-up drilling at the Northern Duplex once all assay results are received.
Executive Comments
Managing Director & CEO Julian Woodcock stated, “I am extremely excited by the results received which confirm the presence of a steeply dipping gold zone at the Northern Duplex Target. I can’t emphasise enough the scale of the area we are drill testing and the opportunity for discovery of a substantial gold deposit.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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