TORONTO, Aug. 24 /CNW/ - Viking Gold Exploration Inc. (TSX-V: VGC)
(Viking Gold) announces that it has completed its 2009 summer exploration
program. The program consisted of drilling, surface mapping and sampling on
its Morris Lake - Narrow Lake property, which is situated in the northern
portion of the Yellowknife volcanic belt.
A total of 604 meters of drilling was completed in 3 holes at two drill
sites. The original plan called for 1,000 meters to be drilled, however,
drilling equipment problems resulted in reduced output within planned time
frames. Nevertheless, the combination of holes from these two drill sites
provides the first significant drill testing of the Ormsby gold zone south of
the Tyhee Development Corp. (Tyhee) discovery.
Viking Gold has submitted its drill core for assaying and expects to
receive the assay results before the end of September.
The claims tested by this drill program have been optioned from Peregrine
Diamonds Ltd. Viking Gold can earn a 60% interest in these claims by spending
$1 million by September 9, 2011. To date, approximately $450,000 has been
Tyhee has recently established a substantial gold resource through its
work, in recent years, on a nearby, mineralized trend extending northerly for
a distance of 3,000 meters to the high-grade past producer Discovery
Yellowknife Gold Mine. Please refer to the websites of both Tyhee
(www.tyhee.com) and Viking Gold (see below) for additional information on this
area of exploration.
Robert M. Ginn, Ph. D., P.Eng, President of Viking Gold, is the Qualified
Person responsible for the Morris Lake project.
Neither 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 release.
For further information:
For further information: Robert Ginn, CEO at (416) 364-6244 ext. 227 or
visit our website at: www.vikinggold.ca