- Viking Mines (VKA) commences drilling at First Hit Project, located near Menzies in the West Australian goldfields
- The program includes around 65 holes of reverse circulation drilling to test five high priority targets
- The first target is following up the high grade diamond drilling results from hole VDD016 which intersected 13.52g/t gold
- Initial results from the program are expected in late November
- On market close for the day, Viking is up 12.5 per cent and is trading at 1.8 cents per share
Viking Mines (VKA) has commenced drilling at First Hit Project, located near Menzies in the West Australian goldfields.
The program includes around 65 holes of reverse circulation drilling and will test five high priority targets.
The first target is following up the high grade diamond drilling results from hole VDD016. Drilling at this hole is focusing on finding a new potential shoot position to the north of First Hit.
Managing Director and CEO Julian Woodcock is excited to get the “rigs spinning again”.
“The Eastern Goldfields is a highly prospective and underexplored district, which is characterised by narrow vein, high-grade deposits. There has been minimal exploration conducted outside of First Hit mine and we believe there is excellent growth upside to be realised through well-planned and targeted programmes,” he said.
“This is an exciting and comprehensive follow-up drill programme, with a key objective to discover additional mineralised shoots located along the First Hit structure to the North and South of the historic mine workings, in addition to testing for new parallel structures at the Twin Peaks and Jana’s Reward prospects.”
Shipment of the first batch of samples to the laboratory is expected by mid-October, with the first results expected to be reported in late November.
On market close for the day, Viking was up 12.5 per cent and is trading at 1.8 cents per share.