Latest Viking Mines (ASX:VKA) News

Viking Mines’ expanded geophysical surveys reveal a large-scale tungsten system at the Linka Project in Nevada, setting the stage for a targeted drilling campaign in June. The discovery highlights significant untapped potential beneath volcanic cover and reinforces Linka’s strategic value amid soaring tungsten prices.

Viking Mines has successfully identified multiple new high-priority tungsten targets at its Linka Project in Nevada through cutting-edge gravity and magnetic surveys, prompting an expanded exploration program.

Viking Mines reports a remarkable 16-fold increase in tungsten concentrate grade from initial gravity separation testwork at its Linka Project, setting the stage for a rapid, low-capital development pathway.

Rare earths and gold dominated the tape, with one small-cap rare earth explorer ripping more than 70% on a single drilling headline. Gold producers, meanwhile, kept turning high bullion prices into dividends, buy-backs and bigger balance sheets.

Viking Mines has completed digitisation of historical drilling data at its Linka tungsten project in Nevada, revealing promising high-grade, shallow mineralisation at the Conquest area. The company is fast-tracking a maiden drilling program aimed at early production to meet growing US defence supply needs amid rising tungsten prices.

Small caps stole the spotlight, with a handful of stocks doubling on deal news and early-stage project updates. Large miners were steadier, but even they couldn’t fully escape the week’s sharp gap moves.

Viking Mines has completed due diligence on its Nevada tungsten portfolio, confirming high-grade mineralisation and fast-tracking acquisition and exploration to meet urgent US supply needs.

Viking Mines has revealed promising high-grade tungsten intercepts from digitised historical drilling at its Linka Project in Nevada, accelerating exploration plans amid a bullish tungsten market.

Viking Mines has revealed a significant expansion of its Linka Tungsten Project in Nevada, doubling the known mineralised strike to 1.6km and confirming high-grade surface tungsten samples up to 1.5% WO3. This data integration unlocks a broader regional exploration opportunity beneath volcanic cover.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Viking Mines has reported outstanding tungsten assay results up to 14.7% WO3 from surface sampling at its Nevada Linka Project, validating historical high-grade mineralisation across multiple sites. These findings underpin the company’s strategic push towards drilling and development in the US tungsten sector.

Viking Mines has entered a binding agreement to acquire six high-grade tungsten projects in Nevada, backed by a strategic investment from American Tungsten Corp and a $4.29 million capital raise. The acquisition marks a significant expansion into the critical US tungsten market amid rising global demand.