Recent Aquisition of Discovery Day Gold Mine
Recent Aquisition of Discovery Day Gold Mine
PEORIA, AZ, Jan. 17, 2013 /PRNewswire/ - Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has concluded the acquisition agreement for the Gold Mine in Northern California.
The Mine consists of 48 Claims and covers an area of 950 acres Which has Proven Ore, Probable Ore, and Geologically inferred resource along with a qualifying report NI-43-101. According to one of the geological reports the total geologically inferred resource is 1,165,000 ozs of gold in 4 major veins, number of known veins is 6, and Reserve Valuation is around $ 225,000,000 USD, at $ 1500 per ounce. The mine building cost was $5,000,000 USD along with 100 ton/day mill on site and fully permitted until 2016.
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