High Grade Assays up to 1.3% WO​3 from Linka Tungsten Project, USA

Viking Mines Ltd (ASX: VKA) (“Viking” or “the Company”) is pleased to announce that it has received initial assay results from four samples collected for metallurgical testwork from the Linka Project located in Nevada, USA. Linka is one of six tungsten projects being acquired (Figure 4).²

• Viking has received high-grade Tungsten Oxide (WO₃) assays from four metallurgical samples totalling 295kg collected from the Linka Tungsten Project in Nevada, USA.
  
• 58kg metallurgical sample sourced from the Linka Open Pit returned a significant result of 1.3% (WO₃).
  
• The weighted average grade across all four metallurgical samples collected for testwork is 1.0% (WO₃).
  
• These results validate the high-grade nature of scheelite mineralisation at Linka, which is one of six US-based tungsten projects currently being acquired by Viking.
• Sighter metallurgical testwork has commenced on the samples to establish a process flowsheet for the production of a scheelite concentrate.
• Global pricing for scheelite concentrates at all-time highs with 25%-30% grade at US$937/mtu (metric tonne unit).¹

Commenting on the results, Viking Mines MD & CEO Julian Woodcock said:

“The very high-grade nature of these assay results confirms the high-grade potential at Linka and validates the high grades seen in the 1950’s historical underground sampling.²

“To attain a head-grade of 1.3% WO₃ is a significant outcome and provides strong encouragement for the Linka Project. This is especially relevant when mines are operating globally with grades as low as 0.2%WO₃.

“Coupled with the continued record tungsten prices seeing scheelite concentrates (25-30%) receiving US$937/mtu (USD93,700/tonne) and located in the Tier 1 jurisdiction of Nevada, USA, the Project is well placed and well timed.”

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