/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
TORONTO, Sept. 13, 2011 /CNW/ - Viking Gold Exploration Inc. (TSX-V:
VGC), the "Company", is pleased to announce the completion of its
summer 2011 field program on the Verneuil Property, and the
availability of most of the related assay results including channel
samples over the main gold zone that returned 15.3 g/t Au over 4
The program consisted of line cutting, geological and geophysical
surveys, stripping and trenching, systematical channel sampling of
known gold showings and diamond drilling.
A total of 128 kilometres of line have been cut, including 37 kilometres
on a detailed grid covering the area of the Toussaint-Midrim showings
area, and 91 kilometres on the main grid of the Verneuil Property.
A detailed magnetometer survey was carried out over the Toussaint-Midrim
showings area to define with more accuracy the geological structures
and the drilling targets. An extensive Induced Polarization (IP) survey
was also completed over the entire main property grid. Preliminary
results show that the survey was an efficient tool to delineate large
geological structures and several well- defined anomalies representing
excellent new drill targets scattered in different parts of the
property. It is interesting to note that each of the already known gold
showings correlates very well with IP anomalies. Furthermore, the
survey also reveals possible extensions of the known gold mineralized
zones that will be explored in the future programs.
Trenching and systematic channel sampling were performed over the
Toussaint Shear Zone, the Benoist Showing, and the new JD Showing.
The main Toussaint Showing, well exposed by trenching, was sampled with
closely spaced systematical channels with one-meter samples. Some of
the most significant results are as follows:
15.3 g/t Au over 4.0 m, including 47.3 g/t Au over 1.0 m
10.64 g/t Au over 4.0 m, including 18.43 g/t Au over 2.0 m
8.22 g/t Au over 5.0 m, including 13.36 g/t Au over 3.0 m
14.07 g/t Au over 2.0 m
6.26 g/t Au over 5.0 m, including 8.64 g/t Au over 3.0 m
5.91 g/t Au over 8.0 m
3.65 g/t Au over 7.0 m, including 4.34 g/t Au over 4.0 m
Overburden thickness did not allow exposure of the north-east extension
of the Toussaint zone.
At the Benoist Showing, a total of 8 channels were sampled to get
representative Au values across the mineralized zone. The results
validated the assays from the previous sampling with values of 1.70 g/t
Au over 2.0 m. and 1.01 g/t Au over 1.0m.
Trenching was also completed at the new JD Showing, exposing a rusted
silicified shear zone, as well as a quartz-feldspar porphyry dyke and
quartz-tourmaline veining. Channel sampling returned Au values of 0.301
g/t Au over 1.0 m. and 0.283 g/t Au over 1.0 m.
DIAMOND DRILLING AND HISTORICAL RESOURCES
In August 2011, a 500 metre diamond drilling program, distributed
between five shallow holes, was completed over the Toussaint Shear Zone
for which geological reserves were estimated, in 1994, at 187,706
tonnes with an average grade of 7.1 g/t Au. The program, which filled
gaps in the existing drilling mesh as a first step toward validating
the historical results, was a success as each hole intersected the
mineralized gold zone. More than 141 meters of NQ core were sampled and
sent to ALS Chemex Lab in Val d'Or for analysis. Results are pending.
Viking has recovered most of the drill core from the past programs and
selected mineralized sections will also be re-assayed for validation,
to make the historical Freewest's reserves compliant with the National
FALL 2011-WINTER 2012 PROGRAM
A next phase of exploration that includes a 4500 meter-drill program
will begin this fall. The objective of this campaign is to further test
the extensions of the Toussaint Shear Zone and verify new targets
defined by the IP survey in different parts of the Verneuil Property.
All samples, sent to ALS Chemex Lab in Val d'Or for analysis, were
initially run using a conventional 35-element ICP analysis with an aqua
regia digestion process. A 30-gram fire assay with Atomic Absorption
Spectroscopy finish for gold was run on all samples; samples with gold
values above 10.0 ppm were re-analyzed using a 30-gram fire assay with
Pierre Poisson, P.Geo., an independent "qualified person" as that term
is defined in NI 43-101, has reviewed and approved the technical
disclosure in this news release.
In addition, the Company has granted 1,650,000 stock options to
directors, officers and consultants at a price to be set at one cent
above the closing stock price the day after this release is
disseminated or at sixteen cents, whichever is greater.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press
This press release contains forward-looking statements. All statements,
other than of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements
regarding the estimation of mineral resources, exploration results,
potential mineralization, potential mineral resources and mineral
reserves) are forward-looking statements. Forward-looking statements
are often identifiable by the use of words such as "anticipate",
"believe", "plan", may", "could", "would", "might" or "will",
"estimates", "expect", "intend", "budget", "scheduled", "forecasts" and
similar expressions or variations (including negative variations) of
such words and phrases. Forward-looking statements are subject to a
number of risks and uncertainties and other factors that may cause the actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Factors that could cause actual results or events to differ materially
from current expectations include, among other things, without
limitation, failure to establish estimated mineral resources, the
possibility that future exploration results will not be consistent with
the Company's expectations, the price of commodities and other risks
identified in the Company's documents filed with the Canadian
securities regulatory authorities on SEDAR.com. Any forward-looking
statement speaks only as of the date on which it is made and, except as
may be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement.
For further information:
please contact Mark Edwards, CEO at (905) 752-2008 or visit our website at: www.vikinggold.ca.