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Viking Mines Limited ( (AU:VKA) ) has provided an update.
Viking Mines Limited has announced the discovery of gold at its Northern Duplex Greenfields Target within the Zuleika Shear. Initial drilling revealed two separate gold-bearing zones, indicating significant potential for new gold deposits. The discovery supports Viking’s strategy of exploring untested structural targets, enhancing the company’s prospects in a region adjacent to established gold camps. The company plans further exploration, with Phase 2 drilling set to commence soon. This could potentially enhance Viking’s market position and present new opportunities for stakeholder value creation.
More about Viking Mines Limited
Viking Mines Limited is a mining company focused on gold exploration. It operates primarily in the prolific Zuleika Shear region, known for its significant gold deposits, where it controls a large land position.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €6.4M
For an in-depth examination of VKA stock, go to TipRanks’ Stock Analysis page.