Viking Mines Limited ( (AU:VKA) ) has provided an update.
Viking Mines Limited has announced a significant discovery of high-grade visible gold at its Riverina East Project, specifically within the Bifrost Target. The drilling program revealed substantial gold intercepts, indicating a promising potential for further high-grade gold discoveries in this underexplored area. The mineralization, hosted within dolerite, remains open along strike and down dip, prompting plans for immediate follow-up exploration. This discovery enhances Viking Mines’ positioning in the gold exploration sector, especially given the proximity to other major gold camps and the current high gold prices, potentially benefiting stakeholders and boosting the company’s operational prospects.
More about Viking Mines Limited
Viking Mines Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily engaged in gold exploration, with a significant emphasis on projects located within prolific gold districts.
Technical Sentiment Signal: Buy
Current Market Cap: €5.33M
For a thorough assessment of VKA stock, go to TipRanks’ Stock Analysis page.