Viking Gold Exploration Inc.

Published : July 13th, 2011

commences work on Verneuil gold property

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Commodities | Diamond | Gold | Gold Reserves |

Viking Gold commences work on Verneuil gold property

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

TORONTO, July 13, 2011 /CNW/ - Viking Gold Exploration Inc. (TSX-V: VGC), the "Company", is pleased to announce that it commenced work in June on its property in the Verneuil Township, in the Abitibi area of Quebec, where historical geological gold reserves were established by Freewest Resources Canada Inc. ("Freewest") in the early 1990's.  From 10 holes intersecting the Toussaint Shear Zone, geological reserves were estimated at 187,706 tonnes with an average grade of 7.1 g/t Au. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

From 1991 to 1995, Freewest carried out a series of extensive exploration programs resulting in the discovery of several gold-bearing shear zones. These programs consisted of prospecting, geophysics, trenching and Diamond drilling. Six mineralized zones were uncovered by trenching with several significant gold values. The results and location of these zones are posted on the Company's website.

Freewest completed a series of 35 Diamond drill holes intersecting the Toussaint Shear Zone. Some of the most significant gold intersections are as follows:

10.6 g/t Au over 4.9 m              12.6 g/t Au over 1 m
4.2 g/t Au over 2.5 m              5.2 g/t Au over 4.6 m
5.7 g/t Au over 4 m              20.2 g/t Au over 2.6 m
11.9 g/t Au over 4.2 m

The purpose of the Company's $450,000 initial Verneuil exploration program is to make the historical Freewest's reserves compliant with the National Instrument 43-101 and to generate new exploration targets. The program includes 130 km of line cutting, followed by extensive induced polarization and magnetic surveys and Diamond drilling.

To confirm the original Freewest discovery, some old trenches are being cleaned, expanded and covered systematically with channel sampling. In addition, new trenching is being carried out to further expose and sample mineralized shear zones. This will be followed by a limited program of Diamond drilling to confirm old results.

The Company plans to follow up its initial fieldwork with a 4500 m drill program to be started later this summer, in order to increase and better define mineral resources and to test the new exploration targets.

Pierre Poisson, P.Geo., an independent "qualified person" as that term is defined in NI 43-101, has reviewed and approved the technical disclosure in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the estimation of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking statements are often identifiable by the use of words such as "anticipate", "believe", "plan", may", "could", "would", "might" or "will", "estimates", "expect", "intend", "budget", "scheduled", "forecasts" and similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are subject to a number of risks and uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, the price of commodities and other risks identified in the Company's documents filed with the Canadian securities regulatory authorities on SEDAR.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement. 

 

 

For further information:

Mark Edwards, CEO at (905) 752-2008 or visit our website at: www.vikinggold.ca

.
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Viking Gold Exploration Inc.

CODE : VGC.V
ISIN : CA9267661069
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Viking Gold Expl. is a gold exploration company based in Canada.

Viking Gold Expl. holds various exploration projects in Canada.

Its main exploration property is MORRIS LAKE GOLD in Canada.

Viking Gold Expl. is listed in Canada. Its market capitalisation is CA$ 398 900 as of today (US$ 305 837, € 272 837).

Its stock quote reached its highest recent level on December 30, 2004 at CA$ 0.77, and its lowest recent point on March 22, 2016 at CA$ 0.01.

Viking Gold Expl. has 79 780 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Viking Gold Exploration Inc.
7/8/2014completes debenture financing
10/29/2012Completes First Tranche of Financing
10/12/2012Extends Warrant Term
1/28/2010completes non-brokered private placement (Tranche No. 2)
1/4/2010completes non-brokered private placement (Tranche No. 1)
7/3/2009completes non-brokered private placement to finance summer e...
10/3/2005Private placement
Nominations of Viking Gold Exploration Inc.
4/8/2014announces changes to its Board of Directors
7/22/2008Appoints New Director
Project news of Viking Gold Exploration Inc.
7/25/2013Perth's Viking Ashanti eyes flagship Ghanaian gold resource ...
4/30/2013Perth's Viking Ashanti confident of taking Akoase gold proje...
9/10/2012Australia's Viking Ashanti to recommence gold drilling in Gh...
7/26/2012New mutliple gold anomalies for Aust's Viking Ashanti on sam...
7/13/2012Significant gold intersections in nearly half of Viking Asha...
3/20/2012Major gold breakthrough on West African gold project for Per...
1/17/2012Assays define new previously unknown gold drill targets in G...
12/9/2011Options a 50% Interest in Larose Claims
11/28/2011Viking Ashanti plans new Ghana gold resource estimate by Mar...
9/13/2011Verneuil returns 4m at 15 g/t Au for Viking Gold
8/30/2011Multiple gold hits for Perth's Viking Ashanti in new drillin...
7/13/2011commences work on Verneuil gold property
7/13/2011Multiple gold zones encountered by Perth's Viking Ashanti in...
5/17/2011Drilling Commences at Northern Abitibi's Viking Project
5/3/2010(Viking Property)Winter drill program update
7/31/2009(Morris Lake Gold)commences summer exploration program
5/14/2008(Viking - Yellowknife)Winter drilling confirms significant gold zone
Corporate news of Viking Gold Exploration Inc.
10/19/2015Viking's Proposed Transactions Lapse
7/20/2015Viking Gold Exploration Inc. updates status of management ce...
6/30/2015signs option to acquire Valor Energy Ltd. with plan to form ...
8/28/2014Viking Gold Appoints New CFO
7/7/2014Viking Gold completes debenture financing
5/27/2014Viking Gold announces debenture financing
4/8/2014Viking Gold announces changes to its Board of Directors
2/21/2014Perth's Viking Ashanti says coal merger on track for complet...
1/28/2014Viking Ashanti confident coal merger with Auminco completed ...
12/31/2013Heavy demand for Viking Ashanti share placement
12/23/2013Northern Abitibi Completes Viking Property Sale to Spruce Ri...
12/19/2013Viking Ashanti placement to fund Mongolian coal merger push
11/19/2013Australia's Viking Ashanti and Auminco to merge with new foc...
6/21/2013agrees to debt settlements
3/13/2013Gold explorer Viking Ashanti's placement funds evaluation of...
2/25/2013Non-binding heads of agreement and exclusivity agreement ann...
2/11/2013announces Guyenne drill program results
2/3/2013Perth's Viking Ashanti upbeat re Ghana gold resource upside ...
10/25/2012Viking Ashanti commences new drill program after wet season ...
10/16/2012Rainbow Resources Shifts Drilling to Gold Viking
9/25/2012Australia's Viking Ashanti upbeat on West Africa and gold ou...
9/4/2012Viking Options Guyenne Claims from Globex
8/24/2012Petro Viking News Release
4/12/201240% gold resource increase to >700,000 oz for Australia's Vi...
2/16/2012Thickest and highest gold grade intercepts yet for Australia...
12/6/2011completes private placement to finance a drilling program
12/1/2011Assays show potential for new gold zone in Ghana for Perth's...
8/10/2011Petro Viking
6/15/2011ACQUIRES CLAIMS ADJACENT TO ITS
5/17/2011VIKING AGREES TO ACQUIRE TWO ADVANCED GOLD
4/13/2011Petro Viking Energy Company Update
3/11/2011Petro Viking Energy
7/21/2010Winter drill program assay
3/12/2010drill progam adapted to mild winter conditions
10/7/2009Affirms Exploration Potential at Narrow Lake, NT
8/25/2009completes summer exploration program
6/20/2008Shareholders Re-elect Board at Annual Meeting
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (VGC.V)
0.005+0.00%
TSX-V
CA$ 0.005
03/22 13:30 -
0%
Prev close Open
0.005 -
Low High
0.005 0.005
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.005 -50.00%
Volume 1 month var.
0 -50.00%
24hGold TrendPower© : -9
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.48+0.00%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.76+1.29%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-0.92%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.59-0.38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.15+0.80%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-7.84%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22+2.33%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-2.72%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.54+0.40%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+2.70%Trend Power :