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Viking Mines Limited ( (AU:VKA) ) has issued an announcement.
Viking Mines Limited has conducted a strategic review of its First Hit Gold Mine, located in the Eastern Goldfields, and has commenced a Phase 1 drill program targeting high-priority areas along the Zuleika Shear. The drilling has confirmed the presence of promising shear zones, and the company has defined a high-grade inferred mineral resource. Additionally, Viking Mines is nearing the completion of stage 3 test work at its Canegrass Battery Minerals Project. The company’s financial position has been bolstered by a successful placement raising A$2.39 million, leaving it well-funded to continue its exploration activities.
More about Viking Mines Limited
Viking Mines Limited is a company operating in the mining industry, primarily focused on gold exploration and production. They hold a significant land package in the Eastern Goldfields of Western Australia and are actively involved in projects like the First Hit Gold Mine and the Canegrass Battery Minerals Project.
Average Trading Volume: 5,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €7.18M
Learn more about VKA stock on TipRanks’ Stock Analysis page.
