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Highlights
- Phase 1 drilling program at First Hit is ~46% complete, with 2,670m drilled across 25 holes.
- Shearing, biotite alteration, and silicification at the Northern Duplex target confirm the presence of interpreted shear zones, indicating gold potential.
- Plans for phase 2 drilling are underway, with drilling scheduled for the March quarter.
Viking Mines Limited (ASX:VKA), an Australia-based mineral exploration company, has released an update on its First Hit Gold project. The Phase 1 drilling program is approximately 46% complete, with 2,670m drilled across 25 holes.
This includes drilling at the Janas Reward, First Hit North, and First Hit South targets, with 7 holes completed for 510m, and the first drill traverse at the Northern Duplex Target, involving 16 holes for 1,920m. A second drill traverse at the Northern Duplex Target has started, with 2 holes drilled for 240m.
Shearing, biotite alteration, and silicification have been observed at the Northern Duplex target, confirming the presence of interpreted shear zones that are considered prospective for gold.
Samples from all completed drilling have been sent to the laboratory. Assay results are expected in January.
Drilling was temporarily paused due to repeated rainfall in the Eastern Goldfields but is expected to resume in early 2025.
Meanwhile, planning for phase 2, which will focus on the high-priority southern duplex target, is underway, with drilling scheduled for the March quarter in 2025.
The share price of VKA was AU$0.009, at the time of writing on 13 December 2024.
