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Gold exploartion
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Why Viking?
-A large gold footprint - Potential for a multi million ounce gold deposit
-Favourable Geology in an under-explored belt
Multiple metamorphic eventsNumerous intrusive episodesCrustal scale faultsAbundant secondary faults
-Excellent location and infrastructure
-Mining friendly and stablejurisdiction
NAI:TSX Venture Exchange
What we have accomplished at Viking
- Outlined 5 large exploration Targets
-13,922 m drilling
-103 core holes
-54 surface trenches
- Initial Resource Estimate
Thor Trend
-30 to 60m wide west-dipping mineralized zone
-Drilled to depths of 200mand open at depth
- Bulk minable potential withnumerous high grade zones
-Trend exceeds 1300m in length with strong mineralization over 550m
open
Thor Trend view to SE – note highway and power lines
Thor Trend
Thor TrendMesothermal quartz-sulfide veins
Sheeted quartz-carbonate veins
Stockwork sulfide veins in granite
High grade veinsMineralized halos
5% pyrite-galena-sphalerite-chalcopyrite-gold
Thor Trend
Thor Trend
Thor Trend
Thor Trend:
High grade veins Lower grade halo218.8 g/t gold over 0.5 m 7.9 g/t gold over 27 m176.2 g/t gold over 0.5 m 5.1 g/t gold over 23.0 m136 g/t gold over 0.5 m 4.1 g/t gold over 18.2 m124.8 g/t gold over 0.5 m 2.8 g/t gold over 57.4 m119.7 g/t gold over 0.9 m 2.7 g/t gold over 17.5 m50.1 g/t gold over 3.7 m 2.0 g/t gold over 41.4 m 41.7 g/t gold over 4.8 m 1.9 g/t gold over 22 m 33.7 g/t gold over 5.75 m 1.8 g/t gold over 32 m16.1 g/t gold over 3.8 m 0.8 g/t gold over 80.9 m8.5 g/t gold over 6.4 m 0.8 g/t gold over 62.3 m
The project is showing excellent potential for both bulk minable and underground targets
Drilling Highlights
Thor Trend – Preliminary Metallurgy
-Preliminary metallurgy show a high degreeof coarse free gold
-97% gold recovery by cyanide leaching(59 micron grind size)
-95% gold recovery by combined gravityand cyanide leaching
-70% gold recovery by gravity at97 micron grind size
* Simple and easy metallurgy!
Large grain of visible gold from a quartzstockwork in hole 09VK-43, Viking Project
Cut off Tonnes Au g/t Grams Ounces0.01 11,711,000 0.41 4,801,510 154,3720.20 6,293,000 0.65 4,090,450 131,5110.50 1,766,000 1.54 2,719,640 87,4381.00 628,000 3.13 1,965,640 63,1971.50 413,000 4.13 1,705,690 54,8392.00 285,000 5.22 1,487,700 47,8313.00 171,000 7.07 1,208,970 38,869
NI-43-101 compliant Inferred Mineral ResourceMarch 2nd, 2011
Thor Trend
High grade domains are spatially constrained but not capped
Independent resource modellers suggest room to significantlyIncrease the high grade resource with infill drilling.
Previous drilling focused mainly on the bulk minable potential the next round of drilling will focus on the high grade shoots.
Block model entire mineralized domain
A large zone of lower grade mineralization has been defined and remains open along strike and to depth.
Thor Trend
Block model high grade domains
Several high grade zones have been identified showing good continuity and are open for expansion.
Thor Trend
Where do we go from here?
Modellers have outlined a 19 hole (roughly 3000m)Infill drill program that could significantly increase the high grade resource
Previous exploration found resources at a cost of about $21 per ounce of gold,an infill drilling program could potentially add new ounce for about $7 per ounce
Lots of potential to add ounces by extending high grade along strikeand to depth
The short term goal is to maximize the Thor Trend resource andincrease the overall average grade by focusing on high grade shootsPlus identify 2 or 3 other zones on the property with resource potential
Additional Exploration Targets
The property contains several large exploration targetsoutside of the Thor Trend.
Magnetic survey - Exploration Targets
Viking Trend
Thor Trend
1600
m
3400m
Thors Cross
Viking Trend Structural Targets
200m Elev.
400m Elev.
Hole 92
Hole 102Holes projected onto the section
SoutheastNorthwest
N
MINING CORP.
ORTHERN ABITIBI
VIKING PROJECT, NEWFOUNDLANDSimplified geologic cross section Viking Trend
showing drill holes 10-VK-92, 93, and 102
X X’
Hole 93
Viking Pond
300m Elev.
Legend
0 25 50
Meters
Drill hole
Fault Zone
Strong alteration and quartz veining
Mafic dike-sill
Undifferentiated meta-intrusive rocks
0.2 g/t Au over 18m
0.2 g/t Au over 73.5m
0.5 g/t Au over 8m
0.4 g/t Au over 11.5m
2.1 g/t Au over 1m
0.3 g/t Au over 10m
0.2 g/t Au and 22.4 g/t Ag over 2.3m
Viking Fault
Viking Trend Cross Section
Viking Trend Target
Drill holes into the zone have intersected intense and widespread quartz-sulfide veining
The largest and most intense zone of veining seen on the property to date
Viking Property Highlights
-New discovery in an emerging under-explored belt
-Multiple large exploration targets on the property – lots of upside
-Mineralization starts at surface and is metallurgically simple
-Potential bulk minable widths with some very high grade zones
-Located in a stable jurisdiction close to roads and power
-Excellent government support including financial contributions from the Governments Mineral Incentive Program