Viking Mines (ASX:VKA) -
Source: Viking Mines
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  • Viking Mines (VKA) was up as much as 41.2 per cent today after identifying visible gold at the First Hit Project in Western Australia
  • The company has received results from the final six holes with visible gold identified in two of the holes during a follow-up review
  • Visible gold was identified in hole 13 at 325.1 metres and 327.5 metres, and in hole 15 at 300.2 metres and 303 metres
  • Full results have now been received for all samples collected from 86 of the 328 aircore holes, with the remaining results expected by July 25
  • Viking is up 29.4 per cent on the market with shares trading at 2.2 cents at 12:10 pm AEST

Viking Mines (VKA) was up as much as 41.2 per cent today after identifying visible gold at the First Hit Project in Western Australia.

The 28 square kilometres First Hit Project lies 50 kilometres west of Menzies and consists of six active mining and prospecting licences and one exploration licence.

Viking has received results from the final six holes with visible gold identified in two of the holes during a follow-up review.

Visible gold was identified in hole 13 at 325.1 metres and 327.5 metres, and in hole 15 at 300.2 metres and 303 metres.

The remaining four holes will be revisited shortly.

Full results have now been received for all samples collected from 86 of the 328 aircore holes drilled.

The results for the remaining aircore holes are expected to be received by July 25, pending no delays.

Once data from all the holes has been received, Viking will define targets for follow-up drilling programs.

CEO and Managing Director Julian Woodcock said he was excited with the progress made and was looking forward to future work.

“I am excited to be able to report that we have now shipped all of our core to Perth and commenced a follow up review of key intersections from the drilling completed at First Hit,” Mr Woodcock said.

“So far, two of the six holes reported in this release have been reviewed and visible gold has been sighted in multiple zones in both holes.

“These holes form part of the depth extension drilling and provide positive encouragement for the continuation of mineralisation at depth for First Hit.”

Viking was still up 29.4 per cent on the market with shares trading at 2.2 cents at 12:10 pm AEST.

VKA by the numbers
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