Viking Minerals Inc: Extensive Mineralization Encountered Over Wide Area and Depth in all 6 Holes at Dolly Varden, Nevada
01 November 2011 - 1:00PM
Marketwired
Viking Minerals Inc (OTCBB:VKML) is pleased to report that its
drill program on the Dolly Varden Claims located southeast of Elko,
Nevada, continues to meet with significant success in delineating
the mineralized structure associated with the mineralization
reported for its discovery drill hole last December.
Three drill areas have been targeted to date in a 'triangular
configuration' all of which have intersected extensive
mineralization.
Hole #3 of the initial set up as reported earlier was completed
to a vertical depth of 725 feet and intersected mineralization and
garnetiferrous metamorphism from about 500 feet to 660 feet with
several massive sulphide "zones."
Assay tests from sample material from drill hole #3 is currently
being reviewed and should be released soon.
Drill holes #4 (-45 degrees westerly) and #5 (-60 degrees
westerly) were drilled on the eastern extension of the wollastonite
alteration halo approximately 2,700 feet south-east of the first 3
holes and completed to a depth of 250 feet and 400 feet
respectively.
These holes were drilled to test an area of higher resistivity
(without any noticeable IP chargeability) under an old surface
working that had visible copper staining.
A 20 foot zone of rusty alteration was intersected in hole #4
and a 80-90 foot zone of disseminated sulphides was intersected in
hole #5. Preliminary observation suggests that the intersections
and the trench are part of the same structure. Significant fault
gauge and faulting was also noted.
Drill hole #6 (-45 degrees easterly) was drilled into the main
IP chargeability anomaly approximately 1,500 feet south of the
initial set up (drill holes #1, #2 and #3). This area is associated
with the quartz feldspar porphyry dykes, the south end of the
highest chargeability and where the chargeability is projected to
come to surface.
Drill holes #7 (-90 degrees) and #8 (-45 degrees westerly) will
be reviewed next.
Sample material from drill hole #4 and drill hole #5 has also
been sent to ALS Chemex Lab's Elko preparation facilities for
processing and assay results will be released as soon as they have
been reviewed.
Laurence Stephenson, P.Eng., a Qualified Person under National
Instrument 43-101, has approved the contents of this News Release.
Some of the results contained in this news release may have been
previously reported.
AREA PLAY - ELKO COUNTY, NEVADA
There are 298 mines in Elko County, Nevada, located between Reno
and Salt Lake City and is a prolific copper mining area. Two of the
most noteworthy mines include the Robinson Mine which is an open
pit copper and gold mine that has operated continuously since 2005
producing averagely 121 to 126 million pounds per year of copper.
And the Bingham Canyon Mine, which is the world's largest open pit
mine and has produced more copper than any other mine in history -
approximately 14.5 million tons.
ABOUT VIKING MINERALS
Viking Minerals is engaged in the acquisition and development of
near-term producing copper, gold and silver properties in the
United States and Canada. Viking is focusing on developing its
Dolly Varden properties in northeastern Nevada, adjacent to the
Victoria Copper mine. The Large resource of copper in this area has
been well documented and hosts two large operating mines - Battle
Mountain and Robinson. With solid management, an experienced
technical team, and a large copper-rich land position in
mining-friendly Nevada, Viking Minerals is well positioned to be
North America's next great mining company.
FORWARD-LOOKING STATEMENT
This news release contains forward-looking statements that are
based on Viking Minerals Inc.'s current expectations and estimates.
For the complete "Forward-Looking Statement" please go to
http://www.vikingmineralsinc.com/disclaimer.html
Contacts: Viking Minerals Inc. Charles Irizarry President,
CEOinfo@vikingmineralsinc.comwww.vikingmineralsinc.com