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Viking Mines Limited ( (AU:VKA) ) has shared an announcement.
Viking Mines has launched a high-resolution ground gravity and magnetic geophysics program at its Linka Tungsten Project in Nevada, designed to map the subsurface extent of a high-grade tungsten skarn system and define new drill targets concealed beneath shallow volcanic cover. By targeting density and magnetic contrasts between skarn mineralisation and surrounding host rocks, the company aims to build a 3D geological model of the key contact between intrusive monzonite and sedimentary units, which controls tungsten mineralisation.
The initial 0.5km² gravity survey and 2.2km² magnetic survey will test whether high-grade mineralised tactite zones can be directly identified, potentially allowing precise targeting of untested areas along the mineralised corridor, including under the Bates Mountain Tuff. If successful, Viking plans to expand these methods across its broader claim package to de-risk regional exploration, with survey results expected by late February, interpretation by mid-March, and a tightly focused drilling campaign targeted for April that could accelerate the project’s path toward discovery and enhance stakeholder value.
The most recent analyst rating on (AU:VKA) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Viking Mines Limited stock, see the AU:VKA Stock Forecast page.
More about Viking Mines Limited
Viking Mines Ltd is an ASX-listed resources company focused on mineral exploration, currently advancing the Linka Tungsten Project in Nevada, U.S. The company is targeting high-grade tungsten skarn mineralisation, aiming to delineate a large-scale system that could strengthen its position in the critical minerals supply chain.
YTD Price Performance: 10.0%
Average Trading Volume: 29,398,741
Technical Sentiment Signal: Sell
Current Market Cap: A$17M
Find detailed analytics on VKA stock on TipRanks’ Stock Analysis page.