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Gold $1,739 $AUD/ounce [details]
Share Price $0.033 ASX: GMD [details]

Viking Gold Project

The Viking Gold Project (“the Project” or “Viking”) is located approximately 600km east of Perth and 30km south east of the town of Norseman in Western Australia.

Viking is close to existing under-utilised gold mills and mining infrastructure and Genesis is focussed on defining shallow gold resources capable of being rapidly and cheaply advanced towards development.

Genesis purchased Viking from AngloGold Ashanti Australia Limited in 2014. The Project comprises a significant landholding in the Proterozoic Albany-Fraser Orogen (“AFO”) and adjoining eastern margin of the Archaean Yilgarn Craton in what is considered an emerging mineral province that has delivered the Tropicana gold and Nova-Bollinger nickel discoveries.

Drilling by Genesis at the Beaker 2 Prospect has defined a Resource Target Zone extending over a strike length of 500m and a width of 100m. Importantly, all of the mineralisation intersected at the Beaker 2 Prospect to date occurs in the oxide (supergene zone). The potential for a primary mineralisation source remains to be tested, and this remains an exciting opportunity for the Company. A +1.5km long aircore defined gold anomaly remains to be drill tested.

Viking is an exciting greenfields opportunity and offers the potential to define a large oxide gold zone associated with a high-grade vein system.