Viking Mines Limited Unearths 9.84g in Gold Nuggets and Launches 4,300m Drill Program with Drone Survey at Riverina East Project
Thursday, July 31, 2025
at
9:28 am
Viking Mines Limited has recovered nearly 10 grams of gold nuggets at its Riverina East Project and begun an aggressive drilling and surveying program on promising high-grade targets. This progress, building on historic intercepts, underscores the company’s exciting potential for investor opportunities.
Viking Mines Limited has provided an update on its exploration activities at the Riverina East Project in the Eastern Goldfields of Western Australia. Fieldwork has led to the recovery of multiple gold nuggets, amounting to 9.84 grams in total, with the largest nugget weighing 3.37 grams. These discoveries took place at the Southern Structural Target, a location coinciding with favorable auger soil anomalies exceeding 50 parts per billion over a 300‐meter long zone. Historic drilling intercepts in the area, including assays of 4 meters at 5.1 grams per tonne and 4 meters at 4.9 grams per tonne, further enhance the region’s exploration promise.
The company has mobilized a drill rig and commenced a roughly 4,300-meter drilling programme that targets both follow-up drilling at the Bifrost South area and initial testing at the Southern Structural Target. At Bifrost South, drilling is underway to extend previous high-grade intercepts – notably a recent result of 2 meters at 23.6 grams per tonne gold – along with a high-resolution 20-meter spaced drone magnetic survey to refine the geological model. Following the completion of the programme at Bifrost South, an expansive program of approximately 2,800 meters across 23 holes is scheduled at the Southern Structural Target, aiming to test a 1.8-kilometer long geochemical anomaly and adjacent areas near the nugget finds.
The announcement highlights the company’s strategic approach, leveraging both historic exploration data and modern geophysical tools to pinpoint fertile targets along a 25-kilometer strike of the Zuleika Shear Zone. This zone is of particular interest given its proximity to significant gold-camp operations in the region. As Viking Mines continues its drilling and prospecting efforts, immediate priorities include the safe execution and timely analysis of drilling samples and the integration of drone survey results to better understand the regional structure.
Bullish sentiment from the news is driven by the tangible recovery of coarse gold nuggets near key anomaly zones, combined with high-grade intercepts in recent drills, suggesting that the area holds considerable potential for further high-grade discoveries. The strong integration of historic data with modern exploration techniques adds to optimism. On the other hand, bearish sentiment may arise from the inherent uncertainties of early-stage exploration. While encouraging, the drilling results and geophysical survey outcomes remain preliminary, and refining the geological model may reveal challenges in extending and maintaining the high-grade zones. Investors should keep in mind the forward-looking nature of these plans and the execution risks associated with exploration activities.