Viking Minerals said it has acquired 16 claims in the Dolly Varden district in north east Nevada, US.
The company said the Dolly Varden area is recognized as a classic eastern Great Basin district with base and precious metals associated with upper Paleozoic sediments intruded by Cretaceous auriferous magmas, which is a similar geological setting to the Battle Mountain skarn gold type of deposit.
The South Dally Varden Claims have reported significant values of copper (up to 1.3%) and gold (up to 4.27 grams per ton), in grab samples, related to gold-copper porphyry and/or skarn system associated with felsic intrusive dykes.
The 16 claim property is adjacent to the Victoria Mine that operated in the 1970s and 1980s producing over 24 million pounds of copper as well as the Dolly Varden Property which was a gold and copper producing mine.
Viking Minerals president and CEO Charles Irizarry said that the property will be an important one based on the results of the company’s grab samples to date and with its location in Elko County, which is a prolific mining area.
Viking Minerals is engaged in the acquisition and development of near-term producing copper, gold and silver properties in the US and Canada.