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Highlights
- Viking Mines has identified two gold-bearing zones at the Northern Duplex Target.
- The gold mineralisation is located within an undrilled ~23km stretch of the prolific Zuleika Shear.
- Drill hole VKRC0083 returned 27m at 0.4g/t Au from 69m, with multiple high-grade zones.
- Phase 1 drilling has been expanded to 7,400m , with assay results expected in March 2025.
Viking Mines Limited (ASX:VKA) has announced the first assay results from its Phase 1 drilling programme at the Northern Duplex Target, part of the First Hit Project. These assay results confirmed the discovery of gold mineralisation across two distinct structural positions, further highlighting the potential of this highly prospective area.
The two separate gold bearing zones are located within an undrilled ~23km stretch of the prolific Zuleika Shear and within the same stratigraphic horizon as the Davyhurst Camp, which hosts over 1.2 million ounces of gold.
The most significant intercept has been recorded from drill hole VKRC0083, which returned 27m at 0.4g/t Au from 69m, including several higher-grade intervals such as:
- 1m at 2.9g/t Au from 76m
- 1m at 1.1g/t Au from 81m
- 1m at 1.5g/t Au from 91m
These results are highly encouraging, as prior to Viking’s Phase 1 RC drilling, there had been no bedrock drill testing on the company’s wholly controlled tenure over a stretch of more than 20km to the south and 3km to the north.
Notably, the company has expanded its Phase 1 drilling program to approximately 7,400m, with assay results pending for 4,600m of drilling at the Northern Duplex Target. Results are expected in March 2025.
Furthermore, a follow-up program is planned following the receipt of outstanding assays.
VKA shares were trading at AU$0.008 per share at the time of writing on 3 February 2025.
