- Viking Mines (VKA) adds 60 square kilometres of prospective gold and lithium exploration tenure surrounding its First Hit Project in WA
- The new land includes two tenements and is only two kilometres away from First Hit
- The company can commence exploration activity immediately on the tenements
- This additional land plus the recent grant of E29/1133 brings the company’s total accessible land position in the Eastern Goldfields to over 270 square kilometres
- On the market, Viking is up 4.55 per cent and is trading at 1.2 cents per share
Viking Mines (VKA) has added 60 square kilometres of prospective gold and lithium exploration tenure surrounding its First Hit Project in Western Australia.
The new land includes two tenements and is only two kilometres away from First Hit. The company can commence exploration activity immediately on the tenements.
This additional land plus the recent grant of E29/1133 brings the company’s total accessible land position in the Eastern Goldfields to over 270 square kilometres.
With this new land, Viking’s believes it has significantly increased potential for gold discovery along the 25 kilometres of strike of the Zuleika Shear.
“The granting of our application over E30/529 combined with the option agreement we have entered into with Encounter Resources for access to part of E30/517 is an exciting development for our exploration plans,” Managing Director and CEO Julian Woodcock.
“Adding to this the prospect of pegmatites in the district with our identification of lithium minerals at First Hit3 also gives our shareholders exposure to multi-commodity upside.”
Viking will now go to the field and workout the next steps, while it also awaits results from the December quarter reverse circulation drilling program.
Yesterday, the company intersected up to 36.49 grams per tonne (g/t) gold from Jana’s Reward target.
On the market, Viking was up 4.55 per cent and is trading at 1.2 cents per share at 1:25 pm AEDT.