Viking Mines (ASX:VKA) shares are trading 11.11% higher on the Australian Securities Exchange (ASX) today (15 September), now at $0.010 each.
This represents a $0.001 increase, with the company holding a market capitalisation of $22.61 million.
As reported by Mining.com.au late last week, Viking returned ‘exceptional’ tungsten grades from maiden drilling at the Linka Tungsten Project in Nevada, US.
Maiden drilling returned 14m @ 0.56% tungsten trioxide from 40m downhole.
At the time of this announcement, the company had completed 16 reverse circulation drill holes at Linka, with 13 holes around the main pit and workings, two regional exploratory holes, and one at the southwest extension.
Assay results for subsequent holes are expected in mid-to-late September.
Viking is focused on advancing its portfolio of tungsten assets in Nevada.
The S&P/ASX 200 is trading lower today, falling 80.70 points to 8,669.20.
The materials sector itself has dropped 1.80%, among five other sectors performing lower.
Declining companies include Ora Banda Mining (ASX:OBM), Austral (ASX:ASB), Kingsgate Consolidated (ASX:KCN), and Westgold Resources (ASX:WGX).
Write to Maddison Elliott at Mining.com.au
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