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Viking Mines (ASX:VKA) secures heritage clearance for vanadium drill targets at Canegrass

April 17, 2023 01:00 PM AEST | By Manisha
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Highlights

    • Viking Mines (ASX:VKA) has received heritage clearance upon successful completion of a survey covering ~9km2 of the Canegrass Battery Minerals Project.
    • The survey clearance will allow the drilling planned on high-priority vanadium drill targets.
    • The company is undertaking geophysical data processing and modelling to prepare for the upcoming drilling programme.
    • Viking has proposed ~5,500m of RC drilling to test VTM between and surrounding the current Mineral Resources.

ASX-listed battery metals explorer Viking Mines Limited (ASX:VKA) has received heritage clearance from the Badimia Land Aboriginal Corporation and Heritage WA upon successful completion of a survey covering nearly 9km2 at the Canegrass Battery Minerals Project in the Murchison region of Western Australia.

The high-priority vanadium drill targets which Viking had identified from the ground magnetics survey, rock chip sampling and mapping of various outcropping vanadiferous titanomagnetite (VTM) mineralisation were covered in this heritage survey.

Details of the survey

VKA was able to achieve its objectives marked for the heritage survey. It has cleared its way to conduct the drill campaign as planned for the June quarter, for nearly 5,500m reverse circulation (RC) drilling. Also, the company can take forward infrastructure planning while the development activities advance at the project site.

Recently, Viking received significant observations after initial processing of ground magnetics survey data, which ascended the priority of targets for the drilling programme.

First major drilling for vanadium targets at Canegrass  

Mr. Julian further added, “The heritage survey not only benefits our near-term goal to complete the drilling programme, but the strategic decision to complete a large survey over the full extent of the prospective mineralised horizon will contribute towards a scoping study which we aim to commence next year. Identifying any heritage sites early allows planning for the location of mine infrastructure to be optimised. I am pleased to report that no significant sites have been identified in any areas which would impede the Project moving forward.”

Shares gain over 9%

VKA shares were spotted trading at AU$0.012 midday on 17 April 2023, up more than 9% from the last close. The shares have gone up by 20% in the last one-month period. The company has a market capitalisation of AU$11.27 million.


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