Viking Minerals: A mining company with huge potential

VKML is engaged in the acquisition and development of near-term producing copper, gold and silver properties in the United States and Canada.

Viking is focusing on developing its Dolly Varden properties in northeastern Nevada, adjacent to the Victoria Copper mine. The large resource of copper in this area has been well documented and hosts two large operating mines Battle Mountain and Robinson.

Positive assay results and "growing anticipation"

On Tuesday after the closing bell, VKML reported up to 5.23 percent copper from its first five assay results at the Dolly Varden Claims in Nevada.

The property continues to prove itself "as being highly mineralised with the potential for bulk tonnage copper, gold and silver recovery," said VKML's President Charles Irizarry in a September 6 press release.

"These results of up to 5.23% Copper from our first hole have exceeded our expectations," Irizarry said. "Especially when considering the neighboring Robinson Mine averages 0.5% copper. There is growing anticipation on what our next set of results will bring."

"Very optimistic that our property will be an important one"

In early June, VKML announced the acquisition of 16 claims in the Dolly Varden district in Elko County, Nevada -- "the world's third most prolific mining region," according to a June 1 press release.

The 16 claim property is adjacent to the Victoria Mine, which operated in the 1970's and 1980's producing over 24 million pounds of copper as well as the Dolly Varden Property which was a gold and copper producing mine, the press release stated.

"We are excited about the potential of our property. With its location in Elko County, which is a prolific mining area, and based on the results of our grab samples to date, we are very optimistic that our property will be an important one," Irizarry said in the June 1 press release.

Situated near properties with a history of production

There are 298 mines in Elko County, Nevada, located between Reno and Salt Lake City. Two of the most noteworthy mines include the Robinson Mine which is an open pit copper and gold mine that has operated continuously since 2005 producing averagely 121-126 million pounds per year of copper, and the Bingham Canyon Mine, which is the world's largest open pit mine and has produced more copper than any other mine in history - approximately 14.5 million tons.

According to VKML's Web site, The Dolly Varden property is located 75 miles south of the Victoria Mine and is close to Quadra Mining Co.'s huge Robinson mine, which in 2005 produced 126 million lbs. copper and 81,000 oz gold at grades of 0.6% Cu and 0.25 g/t Au. And 100 miles to the east is the Bingham Canyon mine.


Steps to increase shareholder value

Just a few months ago, VKML announced that it cancelled 240 million common shares in order to "greatly enhance the position of its shareholders," a June 23 press release stated.

"By reducing the issued and outstanding shares in our company by 240,000,000 or two thirds, we have not only dramatically enhanced our shareholders value, but also provided the company with the flexibility to acquire production assets using both cash and stock with minimal dilution to our share holders," Irizarry said in the June 23 press release.


An emphasis on near-term production

The Dolly Varden property could be a huge find for VKML. With a string of positive news releases in recent months, and positive assay results, VKML could be on the verge of a new phase of growth.

"The general market for Gold and Copper keeps getting better and better, it only makes sense to ramp up both exploration on the Dolly Varden as well as further acquisitions in Elko County area with an emphasis on near term production of both Gold and Copper," Irizarry said in a June 15 press release.

To learn more about VKML, visit: http://www.vikingmineralsinc.com/

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