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Highlights
- Viking Mines resumes drilling at the First Hit Gold Project in Western Australia.
- 26 holes covering 3,120m planned to wrap up this month.
- The company is pursuing a long-term strategy for gold exploration in the region.
Viking Mines (ASX:VKA) has recommenced its drilling campaign at the First Hit Gold Project in Western Australia. Activities were temporarily paused mid-December 2024 due to unexpected heavy rainfall, but the company has quickly returned to execute its plans for phase one of the exploration program.
The current phase involves completing the remaining 26 drill holes over a total of 3,120m, with work expected to conclude by the end of January. This drilling program marks a significant step in Viking Mines’ broader 20,000m exploration initiative designed to unlock the potential of its gold assets within the prolific Zuleika Shear.
Work has resumed at the Northern Duplex target, an area with promising structural and geochemical markers that indicate parallel mineralization trends similar to the Riverina-First Hit corridor. With two additional drill traverses to complete, this phase aims to further understand the project's expansive 25km strike length along the Zuleika Shear.
Commenting on the latest progress, CEO Julian Woodcock emphasized the untapped potential of the site:
“This target represents a parallel trend to the Riverina-First Hit mineralisation, with key structural and geochemical positions to be tested in this initial round of reverse circulation drilling. Planning is also underway for phase two, which will cover additional targets across Viking’s extensive landholdings.”
The First Hit Gold Project is centered on the historically significant First Hit Gold Mine, strategically located within the prospective Ida and Zuleika Shear zones of Western Australia’s Eastern Goldfields. The company controls 283km² of granted tenements, with applications underway that could expand the total area to 480km², further cementing its foothold in the gold-rich region.
This drilling effort is part of Viking Mines’ broader focus as a junior mineral explorer, actively advancing gold, vanadium, and lithium projects across Western Australia. With a current market capitalization of $10.62 million, the company remains committed to unlocking value across its diversified asset portfolio.
As preparations for the phase two program take shape, Viking Mines is demonstrating its intent to systematically explore and develop high-priority targets across its landholdings, building momentum for continued progress in 2025.
