Viking Mines (ASX:VKA) initiates resource assessment at First Hit Gold Mine

October 25, 2024 12:04 PM AEDT | By Sonal Goyal

Viking Mines (ASX:VKA) initiates resource assessment at First Hit Gold Mine — Image source: Company website

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Highlights

Viking Mines has engaged MEC Mining to conduct a mineral resource assessment of the First Hot Gold Mine.

The assessment will evaluate geological models and historical mining information to identify opportunities for defining the project’s mineral resources.

Historical drilling and face sampling data indicate the high-grade nature of mineralisation of the project.

Viking Mines Limited (ASX:VKA) has appointed MEC Mining, an international technical consulting firm, to conduct a mineral resource assessment of its First Hit Gold Mine, located in the Eastern Goldfields region of Western Australia. This assessment is part of VKA’s recently announced strategic review aimed at unlocking the potential of its high-grade gold assets.

The assessment will examine several aspects of the First Hit Deposit, including the geological model of mineralisation, pegmatite model that outlines mineralisation, potential for remaining unmined mineralisation, and the extent of historical mine workings. By evaluating these factors, the company aims to identify opportunities for unmined mineralisation that could be economically viable in the current high gold price environment.

VKA shares traded at AU$0.009 apiece on 24 October 2024.

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