Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California.
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
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.
Charles Irizzary commented,” We are very excited to have concluded the
The Company wishes to correct the previous News Release which stated the
closing of the acquisition agreement by Jan 8, 2013. The Board wishes
to retract the content of the News Release made on Dec.27, 2012 in
reference to the date of acquisition agreement.
This press release may contain certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Investors are cautioned that such forward-looking statements involve
risks and uncertainties, which include among others, the inherent
uncertainties associated with smaller reporting companies, including
without limitation, other risks detailed from time to time in the
Company’s periodic reports filed with the Securities and Exchange
SOURCE Viking Minerals Inc.