- Viking Mines (VKA) identifies up to 5.1 g/t gold in historical data from the First Hit project in Western Australia’s Goldfields
- A search of historical reports identified drilling with high-grade intercepts that have not been captured in government data
- Additionally, the reports refer to a 6.5-metre deep prospector with historical surface rock chip samples identifying 32.5 g/t in quartz vein stockwork
- Viking believes the lack of effective exploration provides a significant opportunity for the discovery of additional high-grade narrow vein gold deposits
- Shares in Viking are steady on the market at 1.2 cents
Viking Mines (VKA) has identified samples with up to 5.1 g/t gold in its analysis of historical data from its new tenement at the First Hit project in Western Australia’s Goldfields.
A search of historical reports identified drilling with high-grade intercepts that have not been captured in the Western Australian government historical database (WAMEX).
The results occur within a 1.4 kilometre by 300 metre auger anomaly previously recorded.
A recent trip by Viking across the tenure verified the drill hole collars with significant intercepts including 4m at 5.1 g/t gold from 12 to 16m, 4m at 4.88 g/t gold from 38m and 8m at 1.45 g/t gold from 32m.
Additionally, the reports refer to a 6.5m deep prospector with historical surface rock chip samples identifying 32.5 g/t in quartz vein stockwork.
A review of First Hit determined limited gold exploration has been completed with no on-ground gold exploration occurring since 1997.
The most significant exploration occurred in the 1980s through auger, rotary airblast and follow up reverse circulation (RC) drilling.
Viking believes the lack of effective exploration provides a significant opportunity for the discovery of additional high-grade narrow vein gold deposits.
“It is very encouraging that we have identified high-grade samples of up to 32.5 g/t in rock chips in addition to drillholes returning intercepts such as 4m at 5.1 g/t, all located on the newly granted 100 per cent Viking tenement E30/529,” CEO and Managing Director Julian Woodcock said.
“These grades give us confirmation that there is high-grade gold on the Viking tenure and reaffirms the potential for additional high-grade discoveries that will complement the First Hit project.”
First Hit is 50km west of Menzies in the eastern Goldfields.
Shares in Viking were steady at 1.2 cents at 11:59 am AEDT.