tiprankstipranks
Viking Mines Expands Gold Exploration with New Funding
Company Announcements

Viking Mines Expands Gold Exploration with New Funding

Viking Mines Limited (AU:VKA) has released an update.

Pick the best stocks and maximize your portfolio:

Viking Mines Limited has successfully raised approximately A$2.39 million through a well-subscribed placement, enabling it to expand its First Hit Gold Project drilling program fourfold to 20,000 metres. This strategic move is set to explore high-priority targets along the underexplored Zuleika Shear greenstone belt, with a fully funded campaign backed by A$5 million in cash reserves. The expansion aims to unlock high-grade gold potential in a region known for significant gold deposits, positioning Viking Mines for promising discoveries.

For further insights into AU:VKA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskTitus Investments’ Stake in Viking Mines Dips Amid Dilution
TipRanks Australian Auto-Generated NewsdeskViking Mines Sees Shift in Substantial Shareholder Stakes
TipRanks Australian Auto-Generated NewsdeskViking Mines Expands Market Presence with New Share Quotation
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App