TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Viking Mines Limited ( (AU:VKA) ) just unveiled an announcement.
Viking Mines Limited announced significant progress in its Riverina East Project, with the discovery of a second substantial gold anomaly at Bifrost and promising drill intercepts, including 2 meters at 23.6g/t gold. The completion of an Underground Mining Study at the First Hit gold mine has defined a high-grade resource, supporting the company’s strategy to explore monetization options. Additionally, a ‘Drill-for-Equity’ agreement with Topdrill positions Viking Mines to advance exploration efficiently, supported by a strong cash position.
More about Viking Mines Limited
Viking Mines Limited is a mining company focused on gold exploration and development, primarily operating in the Eastern Goldfields of Western Australia. The company is engaged in strategic reviews of its gold assets, with a significant focus on the Riverina East Project, targeting high-priority Zuleika Shear targets.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.06M
Learn more about VKA stock on TipRanks’ Stock Analysis page.