Visible gold points the way for Viking at First Hit
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Visible gold has been observed in one of the step-out holes that Viking Mines is drilling from its historical First Hit gold mine in Western Australia’s Goldfields region.
This follows on visible gold in diamond drilling below historical workings, further reinforcing Viking’s (ASX:VKA) belief that there is gold present beyond the previously defined limits of mineralisation at the project.
The company noted that VDD016, which was drilled about 165m north of historical underground workings, intersected a 20cm quartz vein with visible gold at a depth of about 57.95m.
Managing director and CEO Julian Woodcock said the intersection of visible gold in the step-out hole confirmed that the structures hosting the First Hit mineralisation contained 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 programs to commence later this year,” he said.
First Hit is located just 50km north of Ora Banda Mining’s (ASX:OBM) recently recommissioned Davyhurst Mill and 150km northwest of Kalgoorlie.
It produced 30,000oz of gold at an average grade of 7.7 grams per tonne (g/t) gold for Barra Resources before its closure in 2002 due to low gold prices.
Previous drilling had returned bonanza grades of up to 77.6g/t gold while the recent diamond drilling to test down plunge extensions beneath and to the south of historical development and drilling at the Kylie and Ida lodes intersected visible gold.
Data from the diamond drilling and an aircore program of 328 holes will be used to identify new target corridors that could host gold.
Viking will reassess and log diamond core 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.
It will also review the step-out holes with a focus on defining new potential mineralised gold bearing shoots and carry out structural logging as part of the mine scale and regional scale geological modelling with a focus on areas with visible gold.
The company will then carry out geochemical assessment of the aircore end of hole multi-element data to define follow-up targets.
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.