VKA - Viking Mines - Aussie Stock Forums

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  1. #1
    Administrator Joe Blow's Avatar
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    Post VKA - Viking Mines

    Viking Ashanti Ltd (VKA) is an explorer and developer of gold mine deposits in West Africa, specifically Ghana. Projects were acquired through agreements with subsidiaries of Resolute Mining Limited to acquire Associated Gold Fields Pty Ltd, which had projects in Ghana, and various Australian and Ghanaian subsidiaries holding respective exploration licenses. Resolute Group retains about a third of VKA's equity. These properties are located in the Ashanti Gold Belt of Ghana and includes the Akoase East gold project with an inferred 500,000 oz gold resource. By acquiring AGF, Viking Ashanti will control all of Resolute’s Ghanaian gold projects by holding a 90% interest in 3 Ghanaian subsidiaries. The remaining 10% is held by the Government of Ghana, which under the Minerals and Mining Act is entitled to a 10% interest (free carried) in any mining operation.

  2. #2
    Make the drill work for YOU springhill's Avatar
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    Default Re: VKA - Viking Ashanti

    MC - $6.3m
    Current SP - 9c
    FPO shares - 69m
    Options - 6m (34.5c @ 31/12/12)Cash - $950k

    Major shareholders as at 31 March 2012
    Resolute Mining Ltd 33.25%
    Mr J & Mrs J Gardner 6.63%
    Mr Trygve Kroepelien 5.00%
    HSBC 4.59%
    Manson Group Pty Ltd 4.14%

    Jack Gardner Non-Executive Chairman
    Peter McMickan Managing Director
    Trygve Kroepelien Non-Executive Director
    Mark Newlands Non-Executive Director

    Akoase East
    Inferred resource: 18.0 Mt @ 1.2 g/t Au for 704,000 oz Au
    Open at depth and to northeast
    Three new prospects identified
    Soil geochemistry to define new targets at Akoase SE
    6 strike km of 11 strike km structural corridor tested by drilling to date

    West Star and Blue River projects
    Only 4 strike km of Salman shear zone drill tested so far
    Numerous intersections in RC drilling on broad spaced lines
    1,500m infill and extension drilling at two Blue River prospects

    Latest Blue River drill results
    Significant gold intersections have been reported in nearly half of 28 holes drilled by Viking Ashanti Limited
    A total of 28 holes were completed for 1,762 metres of RC drilling. One batch of assay samples, relating to holes BRC 98, 100 and 101, has not met Viking Ashanti’s QA/QC protocols, and is being re-assayed at the SGS laboratory in Tarkwa.
    Results from these holes will be reported at a later date.
    Significant intersections were recorded in 11 of the 25 holes reported today.
    Better intersections include
    6m @ 1.55 g/t Au (BRC 97)
    5m @ 1.47 g/t Au (BRC 91),
    6m @ 1.37 g/t Au (BRC 102),
    2m @ 4.32 g/t Au (BRC 108),
    5m @ 1.22 g/t Au (BRC 109) and
    1m @ 7.34 g/t Au (BRC 93).

    Since March there have been 16 Change of Directors Interest announcements made.
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    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  3. #3
    Make the drill work for YOU springhill's Avatar
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    Default Re: VKA - Viking Ashanti

    Multiple soil anomalies defined at Akoase (Ghana) gold project

    Multiple, significant new gold anomalies have been reported from soil sampling by Viking Ashanti Limited on its 100% owned Akoase gold project in southern Ghana, West Africa.

    Perth-based Viking Ashanti announced the assay results today, from its latest program of soil sampling in the western and southeastern areas of the Akoase project. These areas were targeted for soil sampling based on interpretation of regional geological, structural and geophysical data sets.

    A total of 2,044 samples were collected on a 400m x 50m pattern. Three prominent northeast trending >50ppb Au anomalous zones have been identified in the western area of the project, while a further six northeast trending anomalous zones have been identified in the southeastern area. Individual anomalies vary from 800 metres to 2.4 km in strike length, and are up to 100m wide.

    The anomalies are interpreted to be related to a series of sub-parallel northeast trending fault structures developed on the margins of the Ashanti Gold Belt.

    An infill soil sampling program to 200m x 50m is planned, to better define the anomalies and provide targets for first pass drill evaluation.
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  4. #4

    Default Re: VKA - Viking Mines

    On May 26th, 2014, Viking Ashanti Limited changed its name to Viking Mines Limited.

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