Announcement Date: 2021-11-15
Announcement Type: Exploration Update
Announcement Code: JORC
Company name: Viking Mines Ltd.
Project name: First Hit
Location: Australia
Commodities: Gold
Highlight: More visible gold in drill chips
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Viking Mines Limited (ASX: VKA) (“Viking” or “the Company”) is pleased to report the observation of more visible gold in Reverse Circulation (RC) drill chips from 3 separate drillholes at the First Hit North prospect. This drilling has been completed as part of the Company’s ~6,500m, ~65 hole RC drilling programme1 at the flagship First Hit Project (“First Hit“ or “the Project”), 50km west of Menzies in the WA Goldfields. The Company notes this is based on a visual inspection only and the RC samples are yet to be assayed or analysed. The visible gold observed in these additional drill holes provides further support to the potential for new mineralised shoots in conjunction with the visible gold seen previously in drill holes VKRC0009 and VKRC00232 . The primary objective of the current programme is to identify and define new shoots along strike from the historic high-grade First Hit mine workings and the presence of more visible gold is an encouraging re-affirmation. Hole VKRC0066 is an additional hole (not part of the original 65-hole programme) designed in the field to test the potential down plunge shoot position (Figure 3) ~680m north of the historic mine workings. The hole was drilled to follow up 40m to the south and 40m below the visible gold observed in hole VKRC00232 720m north (Figure 2) of the historic mine workings. Visible gold has been observed at the predicted position 76-78m downhole in both a coarse RC chip fragment and material subsequently panned from RC chip spoils (Figure 1).
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