VKML Viking Minerals Inc.
We at StockGoodies are Proud to Announce our New Goodie for Tuesday
Today We Saw Some Tremendous Activity on VKML
This double bottom support and some nice buy volume today might signal a nice reversal here!
The indicators are showing a nice reversal as well.
We also have seen the chatter around the various outlets start to pick up as well
Previous SIZZLER That Gave Members a 67% Gain!
A Company in the HOT Precious Metals Sector Focusing on Gold & Copper.
Copper Prices have Pulled Back and are Looking Like a Great Value Going Forward with China Due to Increase Consumption in the Future and Increasing PMI!
VKML Viking Minerals Still Coming Out with Positive News!
RECENT PRESS RELEASE 10/24/11
Viking Minerals Reports on Discovery Hole at Its Dolly Varden Property, Elko County Nevada
Press Release Source: Viking Minerals Inc. On Monday October 24, 2011, 8:00 am EDT
PHOENIX, ARIZONA--(Marketwire -10/24/11)-
VKML Viking Minerals Inc (OTC.BB: VKML.OB - News) 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."
The main zone is shown in the table below:
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 reported in the table) that requires further investigation.
William Timmins, Geologist, a Qualified Person under National Instrument 43-101, has approved the contents of this News Release. Parts of this news release are historical and have been previously published.
AREA PLAY - ELKO COUNTY, NEVADA
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.
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.
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 Management Team
Charles Irizarry President, CEO and Director
Charles has been engaged in the resource sector, managing and directing resource exploration companies. Since 1995, Mr. Irizarry has been president of a private consulting firm that provides management support and consulting advice to junior resource companies. From 2005 to 2008, he was the President of a coal exploration company that was engaged in the exploration of coal properties in Mexico. And from 2009-2010, Charles was the President of a mineral exploration company with mineral interests in North and South America. Mr. Irizarry studied business in state college and is completing his Masters in Business Administration. He currently resides in Arizona, and is fluent in Spanish and English.
VKML Technical Team
Laurence Stephenson PGeo MBA, Senior Geologist
Laurence held the position of President with several junior mining companies including Sutcliffe Resources TSX- Venture and Douglas Lake Minerals OTC BB. Mr. Stephenson was the director of exploration for Golden Chief Resources when it concluded and operated its 1998/99 joint venture with Kinross on the Atlanta Property of eastern Nevada. Laurence has been responsible for initiating and overseeing the successful development of several Junior companies on the Canadian Exchanges including: Spirit Lake Explorations 1985 (Montreal Stock Exchange), Kokanee Explorations Ltd. 1989 (Vancouver and Toronto Stock Exchanges) and Glencarin Explorations Ltd. 1987 (Alberta Stock Exchange) and through Glencarin, Wheaton River Minerals 1990 (Toronto Stock Exchange) and Golden Chief 1994. These companies all remain active today.
Musira Paschal, Geologist
Musira was employed as a senior Geologist for Barrick Gold until 2009.
VKML Recent News
Monday, October 24, 2011
Viking Minerals Reports on Discovery Hole at Its Dolly Varden Property, Elko County Nevada
http://finance.yahoo.com/news/Viking-Minerals-Reports-iw-3752431056.html?x=0Marketwire (Mon 8:00AM EDT) Tuesday, September 27, 2011Viking Minerals Inc.: China Intensifies Purchases of Copper
Marketwire (Tue, Sep 27)
Friday, September 23, 2011Viking Minerals Provides Exploration Update on Its Dolly Varden Copper Gold Property, Elko County Nevada
Marketwire (Fri 2:56PM EDT)
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
VIKING MINERALS INC. Financials
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 Management Team
Charles Irizarry President, CEO and Director
Charles has been engaged in the resource sector, managing and directing resource exploration companies. Since 1995, Mr. Irizarry has been president of a private consulting firm that provides management support and consulting advice to junior resource companies. From 2005 to 2008, he was the President of a coal exploration company that was engaged in the exploration of coal properties in Mexico. And from 2009-2010, Charles was the President of a mineral exploration company with mineral interests in North and South America. Mr. Irizarry studied business in state college and is completing his Masters in Business Administration. He currently resides in Arizona, and is fluent in Spanish and English.
VKML Technical Team
Laurence Stephenson PGeo MBA, Senior Geologist
Laurence held the position of President with several junior mining companies including Sutcliffe Resources TSX- Venture and Douglas Lake Minerals OTC BB. Mr. Stephenson was the director of exploration for Golden Chief Resources when it concluded and operated its 1998/99 joint venture with Kinross on the Atlanta Property of eastern Nevada. Laurence has been responsible for initiating and overseeing the successful development of several Junior companies on the Canadian Exchanges including: Spirit Lake Explorations 1985 (Montreal Stock Exchange), Kokanee Explorations Ltd. 1989 (Vancouver and Toronto Stock Exchanges) and Glencarin Explorations Ltd. 1987 (Alberta Stock Exchange) and through Glencarin, Wheaton River Minerals 1990 (Toronto Stock Exchange) and Golden Chief 1994. These companies all remain active today.
Musira Paschal, Geologist
Musira was employed as a senior Geologist for Barrick Gold until 2009.
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
Sources: otcmarket.com, www.bloomberg.com, www.finance.yahoo.com, VKML website, www.businessweek.com
9WV5UBKN4TH7
Follow Us on Facebook
http://www.minataurgroup.com/
http://www.stockgoodies.com/
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.