viking gold exploration inc
(VGC:Venture)
viking gold exploration inc (VGC) Snapshot
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Open
C$0.03
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Previous Close
C$0.03
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Day High
C$0.03
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Day Low
C$0.03
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52 Week High
08/22/12 - C$0.14
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52 Week Low
05/3/13 - C$0.02
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Market Cap
1.9M
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Average Volume 10 Days
38.2K
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EPS TTM
C$-0.05
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Shares Outstanding
77.8M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Viking Gold Exploration Inc. engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for gold, as well as copper, nickel, silver, and platinum group elements. The company holds interests in the Verneuil project located in Quebec; the Venton Lake project and the Larose project located in Ontario, Canada. It also holds mineral property interests that comprise its Morris Lake Project situated north of Yellowknife, Northwest Territories. The company was formerly known as Copper Hill Corporation and changed its name to Viking Gold Exploration Inc. in February 2004. Viking Gold Exploration Inc. is headquartered in Markham, Canada.
viking gold exploration inc (VGC) Top Compensated Officers
viking gold exploration inc (VGC) Key Developments
Viking Gold Exploration Inc. announced that Mr. John McCleery has resigned from its Board of Directors effective April 29, 2013.
Viking Gold Exploration Inc. announced the completion of its Guyenne winter drill program. The Guyenne Project is located in the Abitibi Region of Quebec, 35 kilometres northwest of the town of Amos and 95 kilometres northwest of the town of Val d'Or. The Property, which consists of 7 contiguous claims with a total surface area of 7 square kilometres, is under option from Globex Mining Enterprises Inc. Based on the results from previous exploration programs, a general region of interest was first defined and covered with line cutting and geophysical surveys. In the fall of 2012, the northern part of the Property was mapped and prospected in detail. The exposed geology is composed of a gabbro/basalt assemblage, cut by several diorite and felsic dykes. Occasional centimetric to metric shear zones are present. The drill program, completed in December 2012, was aimed at four target areas defined from the 2012 geophysical surveys and the results from past exploration. The program consisted of thirteen holes for a total of 1515 metres of drilling. Target Area #1 is located in the north-central part of the Property, in the vicinity of several historical drill holes, including N-4 that intersected mineralization with assay values of 5.878g/t Au over 6.18 metres. Eight holes were drilled in this target area to confirm the historical Au results and to define the geology and the trend of the mineralized zones. All the drill holes intersected altered zones of interest taking place in the gabbro/basalt sequence, at or near the contact with quartz-feldspar porphyry dykes. Target Area #2 is located in the northwest part of the Property, near the isolated historical drill hole N- 5 that returned assay values of 4.25g/t Au over 1.40m and 9.94g/t Au over 0.27m. Three holes were drilled in this area, two at 25 metres on each side of N-5, and one underneath. The three holes intersected a fault at depth; the hanging wall rock consisted of an alternating sequence of basalt and tuff, felsic intrusive, and strongly metasomatized and altered rocks. Target Areas #3 and #4 are both located in the southern part of the Property. Drill holes GP-12-08 and GP-12-09 were completed to verify IP anomalies as well as Au mineralization intersected in isolated historical holes located nearby. No significant Au values were intersected by drill holes GP-12-08 and -09.
Viking Gold Exploration Inc. announced that it has recently commenced exploratory drilling on the 8 claims under option from Globex Mining Enterprises Inc. These claims are located in Guyenne Township, near the city of Amos, within the Abitibi Region of Quebec. This drill program is the commencement of Viking Gold's exploration work under its 50% earn-in agreement with Globex. As previously reported, one drill hole originally drilled in 1988, returned 5.38 g/t gold over 6.2 metres and there has been very little work done since that time. The Company plans to drill 10 new holes for a total of approximately 1,200 metres.
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Industry Analysis
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Industry Average
| Valuation | VGC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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To contact VIKING GOLD EXPLORATION INC, please visit www.vikinggold.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.
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