Viking Mines launches gold exploration

Viking Mines (ASX:VKA) has announced an extensive drilling initiative at its First Hit Project, located along the Zuleika Shear in Western Australia. The program aims to uncover gold deposits with a phased 20,000-meter drilling plan, starting with an initial 5,000 meters by December 2024.

Viking Mines' drilling program overview

Viking Mines (ASX:VKA) has commenced a strategic drilling program at the First Hit Project, targeting gold deposits along the Zuleika Shear. The program involves a 20,000-meter phased drilling plan, starting with 5,000 meters by the end of 2024. The initiative covers seven target areas, including high-priority near-mine targets and greenfields defined by structural and geochemical anomalies. With $5 million in funding, Viking Mines aims to discover new gold resources and expand its holdings in a prolific gold-producing region. The project leverages historical data and modern exploration techniques, with assay results anticipated in early 2025. The company's broader strategy focuses on leveraging geological data to identify new high-grade deposits, with plans to continue exploration based on initial findings.

Executive insights on exploration strategy

Viking Mines' Managing Director & CEO, Julian Woodcock, emphasized the strategic importance of their land position and the potential for significant gold discoveries. The company is focused on both near-mine exploration and regional exploration across its tenements.