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 California.
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 agreement".
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.
Forward-Looking Statement
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 Commission.
SOURCE Viking Minerals Inc.