Viking Mines has identified exceptionally high-grade gold mineralisation from underground face sampling data at its First Hit project near Kalgoorlie.

A number of results above 100 grams per tonne were reported from multiple levels in the workings at the historic mine, including one above 1000g/t.

Standout intervals reported by Viking (ASX:VKA) were as follows:

  • 4m at 668g/t Au for 267 gram metres;
  • 6m at 327g/t Au for 196 gram metres;
  • 8m at 344g/t Au for 275 gram metres;
  • 3m at 1,056g/t Au for 317 gram metres;
  • 7m at 598g/t Au for 419 gram metres;
  • 2m at 182.5g/t Au for 365 gram metres;
  • 4m at 383g/t Au for 153 gram metres;
  • 2m at 130g/t Au for 156 gram metres;
  • 7m at 302g/t Au for 211 gram metres;
  • 6m at 164.6g/t Au for 428 gram metres;
  • 8m at 414g/t Au for 331 gram metres;
  • 2m at 69.6g/t Au for 153 gram metres;
  • 1m at 56g/t Au for 118 gram metres.

The term gram metre refers to the grams per tonne of gold, multiplied by the intersection length above a pre-determined cut-off grade – in this case 5g/t.

Viking high grade
Long section looking to the west showing face samples on each of the mined levels, the decline access in the footwall to the mineralisation and selected high-grade face sample results. Pic: Supplied.

The results provide Viking with valuable information on the distribution of nuggety gold, which it said was important for drill targeting and potential strike extensions at First Hit.

The mineralisation is said to be typical of narrow, high-grade laminated gold deposits found in the Eastern Goldfields, such as that at Northern Star’s (ASX:NST) Raleigh deposit.

Viking CEO Julian Woodcock said the latest results were a tremendous outcome for the ongoing work at First Hit.

“As part of the historical data review, we have now focused our attention on the underground face samples collected during mining,” he said.

“These results have yielded some amazingly high grades at multiple levels across the historic workings.

“The very significant values encountered strongly support the high-grade potential of this system and give a better insight into the narrow vein, high grade style of mineralisation we can expect to encounter in the diamond drilling.”

Plans for a diamond drilling campaign at First Hit are ongoing. Today’s news comes on the back of high-grade gold intercepts identified in the historic database at First Hit earlier in the week.

Viking’s First Hit drive ongoing

VKA said the next steps in its ongoing data collection and interpretation program taking place would focus on the following:

  • Capturing additional information off the face sheets to better understand the orebody;
  • Using assay data from face samples to guide and direct drill hole planning by identifying the areas where mineralisation remains open at the end of the development drives to the north and south, and determining where unmined mineralisation is present above and below high-grade face sample data;
  • Geological modelling of mineralisation using the detail captured off the face sheets on rock type and vein morphology, and;
  • Comparison of different historical data to see the impacts of different sampling methods – looking at diamond drilling, face samples and reverse circulation samples.

Today’s announcement is the latest in a stream of newsflow out of Viking this year, which started with Woodcock’s appointment in the first week of January.

Shortly after, Viking picked up a tenement 11km south-southeast of First Hit, and followed it up with the acquisition of the underexplored tenements immediately south of the historic mine.

Red Dirt Mining, the now 100%-owned subsidiary company which holds the First Hit project, was formally acquired at the start of this month, and the current exploration program kicked off last week.

Located 150km northwest of Kalgoorlie, First Hit sits 8km north of Ora Banda Mining’s (ASX:OBM) Riverina open pit, with the nearest operating gold processing plant is the Davyhurst Mill also owned and operated by Ora Banda Mining.

First Hit High Grade
The location of the First Hit project. Pic: Supplied.

The project was last mined in 2002 by Barra Resources and Barminco, and was shuttered due to the low gold price environment despite delivering at cash costs of just US$354 per ounce.

It has barely been touched since, despite historic assays reported by Barra in 2002 which include:

Below the historic mineral resource:

  • 9m at 64.8 grams per tonne gold from 62.1m;
  • 7m at 22.2g/t gold from 64.3m;
  • 5m at 10g/t gold from 55.8m;
  • and 3m at 9.3g/t gold from 273m.

Laterally adjacent to the historic mineral resource:

  • 3m at 77.6g/t gold from 224m;
  • 1m at 66.7g/t gold from 164m;
  • and 1m at 15.4g/t gold from 255m.

Above the mined workings:

  • 4m at 26.1g/t gold from 58m in an un-stoped area;
  • 2m at 13.1g/t gold from 27m above the highest level mined;
  • 2m at 5.1g/t gold from 18m near surface splay;
  • and 4m at 2.3g/t gold from 38m near surface splay.

This article was developed in collaboration with Viking Mines, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.