Viking Minerals Inc.
OTC Bulletin Board : VKML

Viking Minerals Inc.

September 21, 2011 08:30 ET

Viking Minerals Bullish About Its Dolly Varden Property as Goldman Sachs Recommends Copper

PHOENIX, ARIZONA--(Marketwire - Sept. 21, 2011) - "VIKING MINERALS INC. (OTCBB:VKML) ( reports that according to an article published by the Financial Post / Reuters, that 'Goldman Sachs recommended investors open long positions in copper as well as zinc this week. Technical buying and "the Goldman effect" helped base metals to rally despite a robust dollar, an LME floor trader said. At the moment the base metals are benefitting from positive demand expectations and are rallying after recent base building," FastMarkets said in a note.'

"Viking Minerals is encouraged by these recent copper price reports from the financial industry and how the improving economy appears to have increased the copper production shortfall," stated Charles Irizarry, President and CEO of Viking Minerals. "That combined with the fact that our Dolly Varden property is in 'elephant country' near the Bingham Canyon Mine – the world's largest open pit mine which produced approximately 14.5 million tons of copper – makes us feel very bullish about our copper property."

In another part of the same Financial Post / Reuters article, it stated that 'Copper output from the world's largest mine, Chile's Escondida, fell 4.2% in the first quarter versus a year ago to 235,270 tonnes on maintenance and lower ore grades, it said in a statement on Tuesday. "The headline news about Escondida is a reminder to people that this is a market where the raw material picture is extremely tight this year," said analyst Gayle Berry of Barclays Capital. Escondida said its output during the first quarter comprised 157,976 tonnes of copper contained in concentrate, and 77,294 tonnes of copper cathodes.'


There are 298 mines in Elko County, Nevada, located between Reno and Salt Lake City and is a prolific copper mining area. Two of the most noteworthy mines include the Robinson Mine which is an open pit copper and gold mine that has operated continuously since 2005 producing averagely 121 to 126 million pounds per year of copper. And the Bingham Canyon Mine, which is the world's largest open pit mine and has produced more copper than any other mine in history – approximately 14.5 million.


Viking Minerals is engaged in the acquisition and development of near-term producing copper, gold and silver properties in the United States and Canada. Viking is focusing on developing its Dolly Varden properties in northeastern Nevada, adjacent to the Victoria Copper mine. The Large resource of copper in this area has been well documented and hosts two large operating mines ΓÇÆ Battle Mountain and Robinson. With solid management, an experienced technical team, and a large copper-rich land position in mining-friendly Nevada, Viking Minerals is well positioned to be North America's next great mining company.

Charles Irizarry

President, CEO, Viking Minerals Inc.


This news release contains forward-looking statements that are based on Viking Minerals Inc.'s current expectations and estimates. For the complete "Forward-Looking Statement" please go to

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