- Viking Mines (VKA) receives results from the remaining holes at the First Hit project in the Western Australia Goldfields
- A total of 71 reverse circulation holes were drilled to test four high priority target areas
- New results come from the Twin Peaks and First Hit South targets areas with grades peaking at 7.66 g/t gold
- Earlier results came from the First Hit North and Jana’s Reward targets where up to 13.52 g/t gold and 36.49 g/t gold was intersected, respectively
- Viking ends the day 9.09 per cent in the green with shares trading at 1.2 cents
Viking Mines (VKA) has received results from the remaining holes at the First Hit project in the Western Australia Goldfields.
A total of 71 reverse circulation (RC) holes, for 6723 metres, were drilled to test four high priority target areas.
The company has received results for the remaining 33 holes with gold mineralisation intersected in all four target areas.
New results come from the Twin Peaks and First Hit South target areas and confirm the presence of gold-bearing structures.
Results include one metre at 7.66 g/t gold from 45 metres and two metres at 4.49 g/t gold from 147 metres from the First Hit South target with the latter result sitting immediately adjacent to the historical gold mine.
Twin Peaks returned a shallow intercept of two metres at 3.71 g/t gold from 53 metres.
Earlier results came from the First Hit North and Jana’s Reward targets where up to 13.52 g/t gold and 36.49 g/t gold was intersected, respectively.
“Now that we have the complete dataset from the RC drill program, we can see that there have been a number of successes achieved at all of the targets tested, with some clear priorities for follow up,” CEO and Managing Director Julian Woodcock said.
“The standout results for the program are those received for the First Hit North with the identification of two potential new shoots stepping out from the First Hit mine and especially the Jana’s Reward target with results up to 36 g/t gold in an area which has not previously been bedrock tested.”
“We will initially focus our attention to these two target areas and continue working to determine what the potential size and scale of these results could mean for Viking shareholders.”
Viking will now update the grade, geological and structural wireframes along First Hit, undertake wireframing and geological modelling of Twin Peaks and assess the geochemical datasets for improved geological modelling, gold targeting and pegmatite vectoring.
Viking has ended the day 9.09 per cent in the green with shares trading at 1.2 cents.