Viking Mines (ASX:VKA) has resumed drilling at the First Hit Gold Project in Western Australia, after pausing activities mid-December 2024 due to high rainfall events.
The remaining 26 holes for 3,120m of drilling is scheduled to be completed before the end of this month.
Viking Mines, which has a market capitalisation of $10.62 million, says the phase one drilling program is part of its ongoing strategy to unlock the potential of its gold assets.
The program, which forms part of a larger 20,000m drilling program at First Hit, is testing the Zuleika shear priority targets within the project. Drilling has started on the second drill traverse at the Northern Duplex target, which sits in the northern part of the 25km strike length of the Zuleika Shear.
CEO Julian Woodcock says with two drill traverses still to be drilled, there is still a large area to test with the drill bit at the Northern Duplex target.
“This target represents a parallel trend to the Riverina-First Hit mineralisation, with key structural and geochemical positions to be tested in this initial round of reverse circulation drilling,” Woodcock says.
“Planning is also underway for the phase two program which will see initial drill testing of other targets across Viking’s large landholding.”
The company’s granted and fully controlled tenure in the district stands at 283km2, with additional tenement applications in process. Once granted, this will bring the total landholding to 480km2.
The First Hit Project is centred around the historic First Hit Gold Mine which sits along the prospective Ida and Zuleika Shear zones in the Eastern Goldfields of Western Australia.
Viking Mines is a junior mineral explorer focused on its projects in Western Australia. The company’s assets are considered prospective for vanadium, gold, and lithium.
Write to Aaliyah Rogan at Mining.com.au
Images: Viking Mines
