Viking Mines Limited (ASX: VKA) has identified promising historical results on newly granted tenement E30/529 forming part of the First Hit Project, 50km west of Menzies in the Western Australia’s Goldfields.
A search of scanned historical exploration reports has identified drilling with high-grade intercepts which have not been captured in the WA government historical drillholes database (WAMEX).
The results occur within a large 1,400m x 300m >14ppb auger anomaly also recorded in the historical reports. A recent field trip completed by Viking across the new tenure verified the drillhole collars on-ground.
Significant intercepts identified include:
• RSR65 – 4m at 5.1g/t Au from 12-16m (drilled in 1986) • RSR231 – 8m at 1.45g/t Au from 32m (drilled in 1987)
• RSRC9 – 4m at 4.88g/t Au from 38m (drilled in 1988) In addition to the drilling data, the reports refer to a 6.5m deep prospector pit with historical surface rock chip samples noting up to 32.5g/t in quartz vein stockwork.
The drillhole results and anomaly all lie within the same mafic stratigraphy which is known to host multiple deposits totalling >700koz (Lights of Israel, Makai & Golden Eagle) adjacent to the Davyhurst Mill (Ora Banda Mining ASX:OBM) 1 , ~23km to the south.
“It is very encouraging that we have identified high-grade samples of up to 32.5g/t in rock chips in addition to drillholes returning intercepts such as 4m at 5.1g/t, all located on the newly granted 100% Viking tenement E30/529,” Managing Director and CEO, Julian Woodcock, said.
“These grades give us confirmation that there is high-grade gold on the Viking tenure and reaffirms the potential for additional high-grade discoveries that will complement the First Hit Project.
“These results are located just 17km to the south of the Viking owned historical First Hit gold mine and only 9km to the SSE of the Ora Banda Mining owned Riverina gold mine.
“The host rocks are also represent the same stratigraphical position as the multiple deposits totalling >700koz, adjacent to the Davyhurst Mill located 23km to the south.”
Exploration activity undertaken in the 1980’s defined a large broad low level gold anomaly (>14ppb) which has been partially tested by RC drilling.
Some drillholes have been followed up, however further work needs to be completed to determine the potential of the area.
Viking believes that the lack of effective exploration across E30/529 and the Encounter Option area 2 to the north on E30/517, provides a significant opportunity for discovery of additional high-grade narrow vein gold deposits due to:
• The complex nature of the bedrock geology observed in the magnetic geophysics
• The identification of high-grade gold in historical drilling
• The presence of historical prospector pits with rock chips up to 32.5g/t Au
• The occurrence of transported cover over much of the tenure prevents the outcropping of any potential mineralisation.
For further information please visit: https://vikingmines.com/
