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Viking Mines Limited ( (AU:VKA) ) has provided an update.
Viking Mines Limited has announced promising assay results from its second regional drill traverse at the Bifrost target, part of its Phase 1 drilling program. The results confirm the presence of gold mineralization over a 1.7km strike length, with significant intercepts indicating potential for extensive gold systems. The company plans immediate follow-up work, including a Phase 2 drill program, to further explore and define these gold-bearing pathways. This development could enhance Viking Mines’ position in the gold mining sector, potentially increasing its resource base and attracting stakeholder interest.
More about Viking Mines Limited
Viking Mines Limited operates in the mining industry, focusing primarily on gold exploration and development. The company is engaged in identifying and developing mineral resources, with a particular emphasis on gold deposits in the prolific Zuleika Shear region.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €7.24M
For detailed information about VKA stock, go to TipRanks’ Stock Analysis page.