Mount Burgess Launches Drilling at High-Grade Viking Gold Project
Mount Burgess Mining NL has initiated reverse circulation drilling at the Viking Gold Project in Western Australia, targeting a promising high-grade shallow gold zone at the Beaker 2 prospect. This marks a key step in unlocking value from their newly acquired asset.
- RC drilling commenced at Viking Gold Project near Norseman, WA
- Focus on high-grade shallow oxide gold zone at Beaker 2 prospect
- Previous drilling revealed significant gold intersections up to 64 g/t
- Project recently acquired from Metal Hawk and Falcon Metals
- Company rebranding underway to Talonx Resources Limited
Drilling Begins at Viking Gold Project
Mount Burgess Mining NL has officially started reverse circulation (RC) drilling at the Viking Gold Project, situated approximately 30 kilometres southeast of Norseman in Western Australia. This project, recently acquired from Metal Hawk Limited and Falcon Metals Limited, represents a significant addition to Mount Burgess's portfolio, with the latter two companies now major shareholders in the business.
The drilling campaign is focused on the Beaker 2 prospect, a site known for its high-grade shallow oxide gold mineralisation. Previous exploration efforts at Beaker 2 have uncovered impressive gold intersections, including a standout 6 metres at 64 grams per tonne from 50 metres depth. These results have not been extensively followed up in recent years, presenting Mount Burgess with an opportunity to unlock near-term value.
Strategic Importance and Geological Context
The Viking Gold Project spans 66 square kilometres within the Albany–Fraser Province, a geological region characterised by high-grade metamorphic rocks and reworked granitoids. Gold mineralisation here is primarily associated with quartz veins within shear zones hosted by granite. The Beaker 2 prospect is considered the highest priority target due to its significant supergene gold zone near surface, which is amenable to cost-effective extraction methods.
Mount Burgess's initial drilling program consists of 10 holes designed to evaluate the resource potential of this shallow oxide zone. The company’s Executive Chairman, Steve Lennon, expressed enthusiasm about the project, highlighting it as a milestone that signals the start of a new chapter for the company, which is also undergoing a rebranding to Talonx Resources Limited.
Looking Ahead
While assay results from the current drilling campaign are still pending, the historical data and geological setting provide a compelling case for optimism. The project’s acquisition and immediate drilling activity underscore Mount Burgess’s commitment to advancing its exploration assets and delivering value to shareholders. Investors will be watching closely for the upcoming results, which could significantly influence the company’s valuation and strategic direction.
Bottom Line?
Mount Burgess’s drilling at Viking could redefine its growth trajectory; results will be pivotal.
Questions in the middle?
- What assay results will the current drilling campaign yield at Beaker 2?
- How will the rebranding to Talonx Resources impact investor perception and market positioning?
- What are the next steps if the shallow oxide gold zone proves economically viable?
