Viking Minerals Inc.
OTC Bulletin Board : VKML

Viking Minerals Inc.

November 01, 2011 08:00 ET

Viking Minerals Inc: Extensive Mineralization Encountered Over Wide Area and Depth in all 6 Holes at Dolly Varden, Nevada

PHOENIX, ARIZONA--(Marketwire - Nov. 1, 2011) - Viking Minerals Inc (OTCBB:VKML) is pleased to report that its drill program on the Dolly Varden Claims located southeast of Elko, Nevada, continues to meet with significant success in delineating the mineralized structure associated with the mineralization reported for its discovery drill hole last December.

Three drill areas have been targeted to date in a 'triangular configuration' all of which have intersected extensive mineralization.

Hole #3 of the initial set up as reported earlier was completed to a vertical depth of 725 feet and intersected mineralization and garnetiferrous metamorphism from about 500 feet to 660 feet with several massive sulphide "zones."

Assay tests from sample material from drill hole #3 is currently being reviewed and should be released soon.

Drill holes #4 (-45 degrees westerly) and #5 (-60 degrees westerly) were drilled on the eastern extension of the wollastonite alteration halo approximately 2,700 feet south-east of the first 3 holes and completed to a depth of 250 feet and 400 feet respectively.

These holes were drilled to test an area of higher resistivity (without any noticeable IP chargeability) under an old surface working that had visible copper staining.

A 20 foot zone of rusty alteration was intersected in hole #4 and a 80-90 foot zone of disseminated sulphides was intersected in hole #5. Preliminary observation suggests that the intersections and the trench are part of the same structure. Significant fault gauge and faulting was also noted.

Drill hole #6 (-45 degrees easterly) was drilled into the main IP chargeability anomaly approximately 1,500 feet south of the initial set up (drill holes #1, #2 and #3). This area is associated with the quartz feldspar porphyry dykes, the south end of the highest chargeability and where the chargeability is projected to come to surface.

Drill holes #7 (-90 degrees) and #8 (-45 degrees westerly) will be reviewed next.

Sample material from drill hole #4 and drill hole #5 has also been sent to ALS Chemex Lab's Elko preparation facilities for processing and assay results will be released as soon as they have been reviewed.

Laurence Stephenson, P.Eng., a Qualified Person under National Instrument 43-101, has approved the contents of this News Release. Some of the results contained in this news release may have been previously reported.

AREA PLAY - ELKO COUNTY, NEVADA

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 tons.

ABOUT VIKING MINERALS

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 - 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.

FORWARD-LOOKING STATEMENT

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 http://www.vikingmineralsinc.com/disclaimer.html

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