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Highlights
- Assays from the second regional drill traverse suggest gold presence across two wide-spaced drill traverses, 1.7km apart, at the Bifrost target.
- Hole VKRC0103 intersected 23m at 0.4g/t Au, including 5m at 1.0g/t Au and 3m at 1.3g/t Au.
- Close-spaced infill auger geochemical sampling programme has commenced at the Bifrost target to provide vectors for follow up drilling.
- Assays are pending for the remaining two drill traverses.
Viking Mines Limited (ASX:VKA) has announced promising assay results from the second of four wide-spaced regional drill traverses completed at the Bifrost target (formerly the Northern Duplex Target). The Bifrost target spans 3.6km in length and 1.2km in width, with gold mineralisation identified across two wide-spaced drill traverses, located 1.7km apart.
Significant Assay Results
The assays have revealed multiple anomalous gold zones (>40ppb), with the most notable result being drill hole VKRC0103, which intersected:
- 23m at 0.4g/t Au from 97m, including:
- 5m at 1.0g/t Au from 102m
- 3m at 1.3g/t Au from 115m
The results from hole VKRC0103 confirmed a steeply dipping gold-hosting structure, which remains open along strike with no constraining drill holes. The full extent of the mineralised zone is yet to be determined.
These results indicate the potential for an extensive gold system spanning at least 1.7km, warranting immediate follow-up exploration to determine the mineralisation source.
VKA shares were trading at AU$0.008 per share at the time of writing on 25 February 2025.
