Viking Mines Limited (ASX: VKA) has sighted visible gold quartz vein in drilling north of the historic underground workings at the First Hit project in Western Australia.
The company is undertaking an ongoing follow up review of the diamond drill core at its offices in Perth.
Managing Director and CEO, Julian Woodcock, said the visible gold was sighted in a 20cm quartz vein.
With the ongoing review of the diamond drill core underway in Perth, I am very pleased to have seen more visible gold,” Mr Woodcock said.
“What is exciting is that we have seen gold in a quartz vein in one of the step out holes located ~165m north of the historic underground workings and in a shallow position below surface.
“This confirms that the structures hosting the First Hit mineralisation contain gold beyond the previously defined limits of mineralisation. I look forward to getting a better understanding of the mineralised system at First Hit and planning our follow up programmes to commence later this year.”
Hole VDD016 targeted the intersection between an intermediate intrusion (observed in other drill holes) and the main First Hit shear zone ~165m North of the historic underground workings at First Hit as a favourable target position.
The follow up review of drill core has identified a quartz vein 57.95m downhole containing multiple pieces of visible gold. The vein has many similar characteristics with the only remaining piece of historic core from hole FDH001.
Mr Woodcock said activities are ongoing assimilating the data and observations made from the diamond drilling.
“The identification of visible gold outside of the historic workings supports the ongoing strategy to identify new shoots not previously recognised in the area.”
To continue to advance this strategy the following activities are progressing.
- Ongoing re-assessment and logging of diamond core at the company’s offices in Perth, Western Australia using knowledge gained from the assays received to date to focus on the gold bearing zones and to characterise the associated mineralisation style and alteration (finger printing First Hit)
- Continual review of step out holes with a focus on defining new potential mineralised gold bearing shoots.
- Focussed detailed structural logging as part of the mine scale and regional scale geological modelling projects with an emphasis on the areas with visible gold with the objective of identifying ‘why the gold is there’ and define analogues across the tenure for follow up testing.
- Geochemical assessment of the AC end of hole multielement (ME) data to define follow up drill targets.
