RC Drilling Commences at the Viking Gold Project

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Stock Mount Burgess Mining NL (MTB.ASX)
Release Time 3 Dec 2025, 8:22 a.m.
Price Sensitive Yes
 RC Drilling Commences at the Viking Gold Project
Key Points
  • RC drilling has commenced at the Viking Gold Project in Western Australia
  • Drilling aims to evaluate the resource potential of the high-grade shallow oxide gold zone at the Beaker 2 prospect
  • Previous drilling at Beaker 2 has intersected numerous high-grade shallow gold intercepts
Full Summary

Mount Burgess Mining NL (ASX: MTB) is pleased to announce the commencement of reverse circulation (RC) drilling at the Viking Gold Project, located 30km southeast of Norseman in Western Australia. The Company recently acquired the Viking Project from Metal Hawk Limited (ASX: MHK) and Falcon Metals Limited (ASX: FAL), who are now both major shareholders of Mount Burgess. The Viking Gold Project comprises 66km2 of granted tenure situated within the Albany-Fraser Province, a high-grade metamorphic terrane dominated by gneisses and reworked granitoids. Primary gold mineralization intersected at Viking is associated with moderately east dipping quartz veins within discrete shear zones in a granite host. The Beaker 2 prospect is the highest priority target and hosts a significant high-grade supergene zone which the Company plans to further test with shallow RC drilling. Previous drilling programs at Beaker 2 have intersected numerous high-grade shallow gold intercepts in the oxide zone, with limited follow-up drilling. Significant gold mineralization intersected by previous drilling at the Beaker 2 prospect includes 6m @ 64.0g/t Au from 50m, 4m @ 15.4g/t Au from 40m, and 3m @ 8.2g/t from 40m. The initial 10-hole drilling campaign at Beaker 2 has been designed primarily to evaluate the resource potential of the high-grade, shallow oxide gold zone at the prospect.

Outlook

The Company is delighted to be drilling at Viking and is eager to unlock the potential of this high-grade gold project. This is a significant milestone for the Company, heralding the first deliverable in their new portfolio of projects and marking a very exciting period for Mount Burgess shareholders.