Viking Minerals commenced the review of pre-drilling and geological mapping of its South Dolly Varden gold / copper claims in Elko County, Nevada.
This mapping is to facilitate a resolution of the zones of mineralization outlined by the surface geochem and rock samples and the 3,000 foot delineated coincident Induced Polarization (IP) anomaly with the intersection of the diamond drill core holes.
The proposed drill sites were located to test the IP anomaly adjacent to various zones of mineralization including some of the high grade copper, zinc and silver zones which are being detailed by the geological mapping. Specifically the grab samples with 1145 ppm silver (33.57 ounces per tonne) and 347ppm silver (10.18 ounces per tonne), and 2.67% copper; 20.6% lead; 1.49% zinc and 0.154 ppm gold and 9.34% copper; 1.95% lead; 2.21% zinc and 0.116 ppm gold, respectively. These results are located on the northern end of the IP zone, which will be targeted.
Several mineralized outcrops of copper rich mineralization have also been found where the IP zone comes to surface, towards the south end of the IP anomaly. Three grab samples were reported from that area – 2.02 %, copper and 3.9 ppm silver; 0.81% copper 190 ppm Molybdenum and 16.7 ppm silver & 3.65% copper 190 ppm uranium and 1.1 ppm silver.
A drill site testing a resistivity high area approximately 2,000 feet east of the main IP zone also reports alteration and copper mineralization. Results here included two grab samples of 5.7 & 3.4 ppm silver; 1.32% & 0.535% copper; 129 and 690 ppm molybdenum and 0.193 ppm and 0.134 ppm gold, respectively. The geological mapping has identified a Quartz Feldspar Porphyry (QFP) intrusive associated with the chargeability anomaly and the rock geochemistry anomaly. QFP’s are associated with the skarn and porphyry copper deposits of the Nevada basin area.
The Dolly Varden area is recognized as a classic eastern Great Basin district with base and precious metals associated with upper Paleozoic sediments intruded by Cretaceous auriferous magmas, which is a similar geological setting to the Battle Mountain Fortitude skarn gold type deposit in east central Nevada.
According to Charles Irizarry, President and CEO of Viking Minerals Inc., “The importance of having a geological setting similar to that of Battle Mountain’s can not be understated. The Battle Mountain resources and past production collectively totalled more than 25 million ounces of gold. This came from six mines which included the Fortitude, Marigold, Lone Tree, Phoenix, Twin Creeks, Midas and Trenton Canyon mines”.
Laurence Stephenson, P.Eng., 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 VIKING MINERALS
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.
Read the full news release here. Photo of Dolly Varden property is from Viking Minerals.
Comments
Bil
The year was 1965 and fresh out of university when as a geophysicist with Ed Macalister’s Anaconda exploration group we IP’eed that whole area getting only a hint as I recall of anomalous chargeability. Good to see we were in the right place but the award goes to Viking for finding this elusive deposit.