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Viking Mines Reports Promising Gold Discoveries and Strategic Advancements

Story Highlights
  • Viking Mines discovered a second significant gold anomaly at Bifrost with promising drill results.
  • An Underground Mining Study at First Hit defined a high-grade resource, aiding monetization strategies.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Viking Mines Reports Promising Gold Discoveries and Strategic Advancements

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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.

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