Viking Mines (ASX:VKA) Commences Drilling at First Hit Gold Project in Western Australia

Highlights

• Viking Mines has started drilling at its First Hit Gold project in Western Australia
• Phase 1 program of around 5,000m is slated for completion in approximately 5 weeks.
• Viking's expanded 20,000m drilling program targets a 25km stretch of the Zuleika Shear.

Australia-based mineral exploration company Viking Mines Limited (ASX:VKA) has provided an important update on its First Hit Gold project, announcing the commencement of drilling across high-priority gold targets. The project is located in the Eastern Goldfields region of Western Australia.

Drilling has started at Jana’s Reward Prospect to test down dip and along strike of previous high-grade intercepts of 1m @ 36.49g/t Au and 1m @ 17.83g/t Au from early 2022.

Phase 1 program of around 5,000m is slated for completion in nearly 5 weeks. It forms part of a larger, expanded 20,000m Reverse Circulation (RC) drill program to be undertaken by the company.

Commenting on the development, Viking Mines Managing Director & CEO Julian Woodcock said: “With Viking’s cash position boosted by the recent placement, we are pleased to be in a stronger position to expand the First Hit Gold Project exploration programme. Jana’s Reward is located only 1.5km from First Hit and has already demonstrated the potential for highgrade gold with hits up to an impressive 36g/t gold. The northern duplex target represents a parallel trend to the Riverina-First Hit mineralisation, with key structural and geochemical positions to be tested in this initial round of RC drilling. I look forward to updating the market in due course with the details of Vikings drill targets.”

Viking's expanded 20,000m drilling program is targeting a 25km stretch of the Zuleika Shear. It borders Ora Banda Mining’s Riverina-Mulline Camp, with over 1.3Moz of gold resources. The initial program also includes plans for preliminary drill testing at the Northern Duplex target, located in the northern section of the Zuleika Shear.

Viking’s granted and fully controlled tenure in this district now covers approximately 283km². Additional tenement applications are underway that will expand the total land package to around 480km².

The share price of VKA was AU$0.011 at the time of writing on 19 November 2024.