Tuesday, October 4, 2011

Viking Minerals Inc. - VKML

Viking Minerals Inc. - VKML



About VKML

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.

VKML Products & Services

Dolly Varden Property

Dolly Varden Property - 16 Contiguous Mineral Claims
The Dolly Varden Area, Elko County, Nevada, 50 miles north of Ely, Nevada is where Viking Minerals property is located. The property consists of 16 unpatented contiguous mineral claims located east of Highway 93 Alternate and northwest of the town of Lages, which is readily accessible for prospecting and mineral exploration from well maintained ranch roads and also includes water wells.

Significant Producing Mines Close By
The Dolly Varden property is also located just 75 miles south of the Victoria Mine and is close to Quadra Mining Co.'s huge Robinson mine which in 2005 produced 126 million lbs. copper and 81,000 oz gold at grades of 0.6% Cu and 0.25 g/t Au. And 100 miles to the east is the world's third largest mine and the largest copper/gold mine in the United States at Bingham Canyon in neighboring Utah which has produced more than 16 million tonnes of copper since operations began in 1904.

Topography is typical of the Nevada foothills with ranges rising from the Dolly Varden spring at under 200 feet to over 800 feet. The washes and drainages are moderate mountain foothills type with typical desert vegetation of the interior ranges of Nevada. Climate is also typical of the interior desert ranges and is workable year round.

Silver lead ores were first discovered in the area in 1869 and the Dolly Varden copper mine was discovered and opened in 1872. It was followed by little exploration until the early 20th century discovery of gold in the area, resulting in intermittent production from the region until the late 1940s and from 1975 until the early 1980s. Noranda sampled the property and area in 1982 and Newmont and Atna Resources were active in the area in the 1990s.

The region is located in the eastern part of the Great Basin and Range district of the southwest US which is centered on Nevada but extends into neighboring states, stretching from California's Sierra Nevada Range on the west to the Rockies of Utah on the east. The geology consists of consolidated carbonate and other sedimentary rocks, and basin fill intruded by cretaceous felsic stocks and related dykes and blanketed by tertiary volcanics and alluvium.

The Dolly Varden Mountains of the district of the South Dolly Claims consist of limestones and limy, and cherty shale of the Permian Pequop Formation overlain by two small erosional remnants of Permian Park City limestone. These sediments are intruded by the 4-mile diameter Cretaceous (134 Ma) Melrose Stock of quartz monzonite and related dykes. Three types of ore have been mined in the Dolly Varden District: copper ores in Skarn; lead silver replacement and fissure deposits in limestone; and gold bearing quartz veins in quartz monzonite. The skarn type of deposit has been the most productive to date.


Gold Copper Porphyry System

Dolly Varden Claims consist of 16 unpatented contiguous mineral claims located close to Dolly Varden Springs

Another type of deposit suggested related to the copper skarns is a gold copper porphyry system. The breccia pipe copper deposit at the Victoria Mine was emplaced during the intrusion into the Permian limestones and calcareous sandstones (Pequop Formation) that produced the zoned skarn associated with the deposit. On the South Dolly claims the copper skarn mineralization has suggested a gold copper porphyry system as seen around the Fortitude Au skarn, which are related to the skarn-related, porphyry Cu system at Copper Canyon. The lead silver fissure deposit type occurs along north striking fractures in the limestone and as irregular replacements along bedding adjacent to these fractures. The gold related deposits are located mainly in the northwest part of the District in quartz veins along steep north to northwest trending fractures in the quartz monzonite.

Most of the claims are underlain by limestone (Permian Pequop Formation assumed), which are generally flat lying to gently dipping (25° to 35°) to the east. Several north, northwest trending felsic dykes are present with associated jasperoid bodies and beds - some thinly bedded abutting them or nearby.
Regional geophysical surveys have been conducted by private companies, but no government regional geochemical surveying has been completed for the area.

The South Dolly Claims provide a very attractive exploration prospect for copper gold mineralization associated with known mineralizing porphyry intrusives. A detailed program (Phase I) of geological review and exploration is proposed, prior to selecting drill targets (Phase II). The Phase I budget is estimated to cost US $15,000.


VKML Recent News

Wednesday, September 21, 2011
Viking Minerals Bullish About Its Dolly Varden Property as Goldman Sachs Recommends Copper
Marketwire (Wed, Sep 21)

Thursday, September 15, 2011
Viking Minerals Reports on Physical Review of First Drill Core at Dolly Varden Property, Elko County, Nevada
Marketwire (Thu, Sep 15)

Tuesday, September 6, 2011
5.23% COPPER at Viking Minerals Dolly Varden Property in Elko County Nevada
Marketwire (Tue, Sep 6)

Tuesday, August 23, 2011
EDGAR Online Financials (Tue, Aug 23)

Wednesday, August 17, 2011
VIKING MINERALS INC. Files SEC form 10-Q, Quarterly Report
EDGAR Online (Wed, Aug 17)


VKML Contact Info

Viking Minerals
Suite 322 - 235 W. Brandon Blvd
Brandon, FL 33511
Website: http://www.vikingmineralsinc.com/
Phone: 602-885-9792
Email: info@vikingmineralsinc.com

As Always: Our Number 1 Priority is to educate. Penny stocks are very volatile, Always do your own Due Diligence

Sources: otcmarket.com, http://www.bloomberg.com, http://www.finance.yahoo.com, VKML website, http://www.businessweek.com

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