Viking Mines (ASX:VKA) Eyes Gold Potential Across Narndee Project

February 10, 2025 02:24 PM AEDT | By Sonal Goyal

Viking Mines (ASX:VKA) Eyes Gold Potential Across Narndee Project — Image source: Company update

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Highlights

Viking has completed auger soil sampling at Narndee (7km strike) and Canegrass (1.8km strike).

The company has collected 665 samples which will be analysed for gold and multi-elements, with results expected by the end of March 2025 quarter.

The program focuses on identifying gold anomalies at Narndee, following reports of gold nuggets recovered by prospectors.

Viking Mines Limited (ASX:VKA) has completed an auger soil sampling program at its Canegrass and Narndee Projects, located in Western Australia. The sampling campaign included 415 auger holes drilled on a 400m x 50m grid covering a 7km strike at Narndee and 250 auger holes on a 200m x 50m grid covering a 1.8km strike at Canegrass.

The sampled areas were selected due to the presence of regional structures, lack of previous gold sampling, and reports of gold nugget discoveries by prospectors at Narndee.

Viking has no additional data on the nuggets beyond the location, quantity, and weight, the data reported by the prospectors to the Western Australia's Department of Energy, Mines, Industry Regulation and Safety.

Next Steps and Exploration Plans

The collected samples will now undergo gold and multi-element analysis, with results anticipated by the end of March 2025. The next phase of exploration will be dependent on the results of auger sampling program.

Viking’s primary focus is on the development of the Canegrass Vanadium Project and the First Hit Project with these additional gold exploration efforts running in parallel.

VKA shares were trading at AU$0.008 per share at the time of writing on 10 February 2025.

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