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Viking Mines Limited ( (AU:VKA) ) just unveiled an announcement.
Viking Mines Limited has completed an Underground Mining Study (UMS) for the First Hit Gold Mine, revealing an inferred resource of 53.1kt at 7.2g/t Au for 12.4k ounces. The study indicates a 65% conversion of the First Hit Inferred Mineral Resource Estimate, with potential value in the current high gold price environment. The company plans further exploration and drilling activities to expand its resource base and enhance shareholder value.
More about Viking Mines Limited
Viking Mines Limited operates in the mining industry, focusing on gold exploration and development. The company is engaged in projects such as the First Hit Gold Mine, with a market focus on leveraging high gold prices to maximize resource value.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.06M
For a thorough assessment of VKA stock, go to TipRanks’ Stock Analysis page.