Posted in | News | Gold | Copper | Silver | Molybdenum

Viking Minerals Upbeat on Initial Dolly Varden Drill Hole

Viking Minerals Inc. reports that it has reviewed assay results from the Dolly Varden Claims, in Elko County, Nevada, from the first drill hole completed. This is the first hole ever to be drilled on the +3000 foot IP anomaly and was basically a "blind" discovery hole.

The ALS Chemex laboratories in Elko, Nevada processed the samples.

Company President Charles Irizarry stated "Although we should not be surprised over the results of our first hole at Dolly Varden given where we are in Nevada and our proximity to world class mines, we are still very excited with these results and look forward to additional data as we move forward to prove up an economical resource."

This first drill hole on the property has confirmed that the geophysical anomaly that extends from this northern part of the property to the south is associated with multiple zones of economic type grades of copper and silver over substantial widths.

The Quadra Robinson Mine, 85 miles to the south (in a similar geologic setting and with a mining grade of 0.68% copper) has reported zoning of mineralization is prominent. To that extent, even though this drill hole has intersected copper and silver values, similar to that found in surface samples, the assay values for gold and molybdenum found on surface have not yet been seen. This suggests the ongoing drill program of the more intense chargeabilities to the south will further the exploration evaluation and development of the property's potential.

Also of interest, is the 228 foot length upper section of the drill hole (197 to 425 feet) which shows intermittent low grade mineralization (assayed but not reported) outside the main zone and the adjacent areas to the main zone (437 to 441 feet and 516 to 550 feet that includes the "Deep Silver zone) that requires further investigation.

There are 298 mines in Elko County, Nevada, located between Reno and Salt Lake City and is a prolific copper mining area. Two of the most noteworthy mines include the Robinson Mine which is an open pit copper and gold mine that has operated continuously since 2005 producing averagely 121 to 126 million pounds per year of copper. And the Bingham Canyon Mine, which is the world's largest open pit mine and has produced more copper than any other mine in history - approximately 14.5 million tons.

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