Viking Minerals Reports on Physical Review of First Drill Core at Dolly Varden Property, Elko County, Nevada
(firmenpresse) - PHOENIX, ARIZONA -- (Marketwire) -- 09/15/11 -- VIKING MINERALS INC (OTCBB: VKML) ( ) reports on the drilling that has started on its South Dolly Varden Gold Copper claims in Elko County, Nevada.
The first drill hole is over 700 feet and has intersected several zones of altered mineralization that correspond to the predicted depth of the geophysical IP anomaly. This geophysical anomaly extends from the northern part of the property a minimum of 3000 feet south and is up to 600 feet wide. The hole was collared drilling to the east-southeast at a dip of -70 degrees.
Company President Charles Irizarry stated "Typically we would wait on the assay results before we report on the core, but in this case with our first hole showing such solid mineralisation with showings of both Azurite and Malachite, which proves the existence of copper, these initial findings requires reporting to share holders. Combining the existence of Copper with the known mineralised zone of 3000 feet by 600 feet, there is much cause for optimism. The Company is actively looking to acquire more prospective mining claims in Elko County prospective for Gold and Copper."
The company will report on assay results from this drill hole in the next 2-4 weeks.
Although management has not yet reviewed the assay results the amount and description of the visible mineralization requires reporting.
From the collar to approximately 178 feet depth limestone as found in the surrounding surface outcrops was encountered.
From 178 feet to 192 feet a zone of intense oxidized and rusty pyrite was intersected, with a visual estimate of between 15-20% sulphides.
From 230 feet to 275 feet a zone of intense rusty pyrite, jasperoid like material and clay epidote alteration is reported.
From 350 feet to 425 feet heavy alteration with clay and other alteration minerals reported.
At 437 feet the drill hole encountered a zone of mineralization and alteration that is currently being drilled at 545 feet. Within that zone are these zones:
440 feet to 480 feet fairly abundant azurite, malachite and chalcopyrite.
502 feet to 515 feet fairly abundant azurite, malachite and chalcopyrite including a 6 inch section of massive chalcopyrite.
515 feet to 525 feet jasperoid, rusty "rotten" broken core.
525 feet to 545 feet similar but skarn appearance and massive pyrite zones.
The company stresses that no assays have yet been reviewed from this drill core but the presence of the azurite and malachite is confirmation of the presence of copper in the zone and are consistent with what has been reported from surface investigations and sampling.
Laurence Stephenson, P Geo, P.Eng, MBA is the consulting Geological engineer that has prepared this news release.
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
Charles Irizarry, President & CEO of Viking Minerals Inc.
Contacts:
Viking Minerals Inc.
Charles Irizarry
President & CEO
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Datum: 15.09.2011 - 15:00 Uhr
Sprache: Deutsch
News-ID 66431
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PHOENIX, ARIZONA
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Mining & Metals
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