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Viking Gold Exploration Inc.

Publié le 14 mai 2008

Winter drilling confirms significant gold zone

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Attention Business Editors:

Winter drilling confirms significant gold zone

     TORONTO, May 14 /CNW/ - Viking Gold Exploration Inc. (VGC: TSX-V)
announces preliminary results from its twelve-hole in-fill winter drill
program on the Viking Yellowknife joint-venture property (60% Viking Gold
Exploration, and 40% Viking Yellowknife Gold Mines Ltd., a 78.8%-owned
subsidiary of Lakota Resources Inc.). The property is part of the Company's
Morris Lake gold exploration project located 70 km north of Yellowknife, NWT.
     The program was designed to create a three dimensional view along 
200�metres of strike length of a 1,500-metre-long geochemically anomalous
altered zone that is a favourable host for significant gold mineralization.
The drill pattern consisted of three holes from each of four drill sites
spaced 50 metres apart along strike.
     -------------------------------------------------------------------------
                                                                       Au
      Hole number        From            To           Length          (grams
                          (m)            (m)            (m)         per tonne)
     -------------------------------------------------------------------------
        V-08-14         100.60         101.10          0.50           1.6
     -------------------------------------------------------------------------
        V-08-14         102.00         102.50          0.50           0.5
     -------------------------------------------------------------------------
     -------------------------------------------------------------------------
        V-08-16         183.88         184.16          0.28           4.2
     -------------------------------------------------------------------------
        V-08-16         231.65         231.90          0.25           1.0
     -------------------------------------------------------------------------
     -------------------------------------------------------------------------
        V-08-18         179.75         180.00          0.25          13.2
     -------------------------------------------------------------------------
     -------------------------------------------------------------------------
        V-08-19         195.06         195.62          0.56           1.1
     -------------------------------------------------------------------------
        V-08-19         224.66         226.08          1.42           3.9
     -------------------------------------------------------------------------
     -------------------------------------------------------------------------
        V-08-20         120.65         121.35          0.70           2.7
     -------------------------------------------------------------------------
        V-08-20         127.10         127.50          0.40           4.2
     -------------------------------------------------------------------------
        V-08-20         148.10         149.15          1.05           0.5
     -------------------------------------------------------------------------
     -------------------------------------------------------------------------
        V-08-23         134.62         135.10          0.48           0.6
     -------------------------------------------------------------------------
     -------------------------------------------------------------------------
        V-08-24         186.06         186.33          0.27          11.3
     -------------------------------------------------------------------------
     -------------------------------------------------------------------------
        V-08-25         215.04         215.35          0.31           4.5
     -------------------------------------------------------------------------
     Assay results confirm the presence of noteworthy gold mineralization in a
zone of recently reinterpreted altered volcanic rock. Gold values greater than
0.5 grams per tonne (gpt) were intersected in six of the holes and values
greater than 0.1 gpt were intersected in all but two holes.
     The program has validated the drill results obtained by Athona Mines in
1946 and by Canamax Resources in 1988-1989 in the vicinity of an inclined
exploration shaft sunk in 1947, and has extended the vertical depth of drilled
gold mineralization to 210 metres. The mineralized zone remains open down dip.
     The core samples were analyzed by Acme Analytical Laboratories in
Vancouver by 37 element ICP-MS analysis. Samples assaying 0.5 gpt gold or more
are being reanalyzed by fire assay. The winter drilling program was carried
out under the direct supervision of Dr. Robert Ginn P.Eng., President and CEO
of Viking and the Qualified Person for the project.
     Management is encouraged by the results of the winter campaign and are
planning a summer program to test a series of geochemical lake sediment
anomalies outlined in 2007 that are in the vicinity of untested ground
geophysical EM conductors outlined by Newmont Exploration in the early 1980s.
     The Morris Lake project covers a very prospective, relatively unexplored
northeast-trending mineralized belt favourable for hosting significant gold
mineralization. The northeastern part of the project property includes the
southwestern continuation of the Ormsby Break, a geological feature on which
Tyhee Development has reportedly outlined 8.2 million tonnes grading 3.53 gpt
of gold. Immediately northeast of the Ormsby Zone is the site of the Discovery
Mine, which produced just over one million ounces of gold from one million
tons of ore between 1949 and 1969.
         The TSX Venture Exchange has not reviewed and does not accept
      responsibility for the adequacy or accuracy of this press release.
     %SEDAR: 00007999E
For further information: George Werniuk, Vice President, (416) 364-6244 ext
251 or visit our website at: www.vikinggold.ca

Viking Gold Exploration Inc.

CODE : VGC.V
ISIN : CA9267661069
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Viking Gold Expl. est une société d’exploration minière d'or basée au Canada.

Viking Gold Expl. détient divers projets d'exploration au Canada.

Son principal projet en exploration est MORRIS LAKE GOLD au Canada.

Viking Gold Expl. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 398 900 CA$ (305 837 US$, 272 837 €).

La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2004 à 0,77 CA$, et son plus bas niveau récent le 22 mars 2016 à 0,01 CA$.

Viking Gold Expl. possède 79 780 000 actions en circulation.

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Financements de Viking Gold Exploration Inc.
08/07/2014completes debenture financing
29/10/2012Completes First Tranche of Financing
12/10/2012Extends Warrant Term
28/01/2010completes non-brokered private placement (Tranche No. 2)
04/01/2010completes non-brokered private placement (Tranche No. 1)
03/07/2009completes non-brokered private placement to finance summer e...
03/10/2005Private placement
Nominations de Viking Gold Exploration Inc.
08/04/2014announces changes to its Board of Directors
22/07/2008Appoints New Director
Projets de Viking Gold Exploration Inc.
25/07/2013Perth's Viking Ashanti eyes flagship Ghanaian gold resource ...
30/04/2013Perth's Viking Ashanti confident of taking Akoase gold proje...
10/09/2012Australia's Viking Ashanti to recommence gold drilling in Gh...
26/07/2012New mutliple gold anomalies for Aust's Viking Ashanti on sam...
13/07/2012Significant gold intersections in nearly half of Viking Asha...
20/03/2012Major gold breakthrough on West African gold project for Per...
17/01/2012Assays define new previously unknown gold drill targets in G...
09/12/2011Options a 50% Interest in Larose Claims
28/11/2011Viking Ashanti plans new Ghana gold resource estimate by Mar...
13/09/2011Verneuil returns 4m at 15 g/t Au for Viking Gold
30/08/2011Multiple gold hits for Perth's Viking Ashanti in new drillin...
13/07/2011commences work on Verneuil gold property
13/07/2011Multiple gold zones encountered by Perth's Viking Ashanti in...
17/05/2011Drilling Commences at Northern Abitibi's Viking Project
03/05/2010(Viking Property)Winter drill program update
31/07/2009(Morris Lake Gold)commences summer exploration program
14/05/2008(Viking - Yellowknife)Winter drilling confirms significant gold zone
Communiqués de Presse de Viking Gold Exploration Inc.
19/10/2015Viking's Proposed Transactions Lapse
20/07/2015Viking Gold Exploration Inc. updates status of management ce...
30/06/2015signs option to acquire Valor Energy Ltd. with plan to form ...
28/08/2014Viking Gold Appoints New CFO
07/07/2014Viking Gold completes debenture financing
27/05/2014Viking Gold announces debenture financing
08/04/2014Viking Gold announces changes to its Board of Directors
21/02/2014Perth's Viking Ashanti says coal merger on track for complet...
28/01/2014Viking Ashanti confident coal merger with Auminco completed ...
31/12/2013Heavy demand for Viking Ashanti share placement
23/12/2013Northern Abitibi Completes Viking Property Sale to Spruce Ri...
19/12/2013Viking Ashanti placement to fund Mongolian coal merger push
19/11/2013Australia's Viking Ashanti and Auminco to merge with new foc...
21/06/2013agrees to debt settlements
13/03/2013Gold explorer Viking Ashanti's placement funds evaluation of...
25/02/2013Non-binding heads of agreement and exclusivity agreement ann...
11/02/2013announces Guyenne drill program results
03/02/2013Perth's Viking Ashanti upbeat re Ghana gold resource upside ...
25/10/2012Viking Ashanti commences new drill program after wet season ...
16/10/2012Rainbow Resources Shifts Drilling to Gold Viking
25/09/2012Australia's Viking Ashanti upbeat on West Africa and gold ou...
04/09/2012Viking Options Guyenne Claims from Globex
24/08/2012Petro Viking News Release
12/04/201240% gold resource increase to >700,000 oz for Australia's Vi...
16/02/2012Thickest and highest gold grade intercepts yet for Australia...
06/12/2011completes private placement to finance a drilling program
01/12/2011Assays show potential for new gold zone in Ghana for Perth's...
10/08/2011Petro Viking
15/06/2011ACQUIRES CLAIMS ADJACENT TO ITS
17/05/2011VIKING AGREES TO ACQUIRE TWO ADVANCED GOLD
13/04/2011Petro Viking Energy Company Update
11/03/2011Petro Viking Energy
21/07/2010Winter drill program assay
12/03/2010drill progam adapted to mild winter conditions
07/10/2009Affirms Exploration Potential at Narrow Lake, NT
25/08/2009completes summer exploration program
20/06/2008Shareholders Re-elect Board at Annual Meeting
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