Viking Gold Exploration (fka VGCEF)

[flaflyersfan]

VGCEF symbol deleted; Inactive security. EOM

[Crusader]

FALL 2011-WINTER 2012 PROGRAM

"...A next phase of exploration that includes a 4500 meter-drill program will begin this fall. The objective of this campaign is to further test the extensions of the Toussaint Shear Zone and verify new targets defined by the IP survey in different parts of the Verneuil Property. All samples, sent to ALS Chemex Lab in Val d'Or for analysis, were initially run using a conventional 35-element ICP analysis with an aqua regia digestion process. A 30-gram fire assay with Atomic Absorption Spectroscopy finish for gold was run on all samples; samples with gold values above 10.0 ppm were re-analyzed using a 30-gram fire assay with gravimetric finish. Pierre Poisson, P.Geo., an independent "qualified person" as that term is defined in NI 43-101, has reviewed and approved the technical disclosure in this news release..."

[Crusader]

TORONTO, Sept. 13, 2011 /CNW/ - Viking Gold Exploration Inc. (TSX-V: VGC), the "Company", is pleased to announce the completion of its summer 2011 field program on the Verneuil Property, and the availability of most of the related assay results including channel samples over the main gold zone that returned 15.3 g/t Au over 4 meters. The program consisted of line cutting, geological and geophysical surveys, stripping and trenching, systematical channel sampling of known gold showings and diamond drilling. LINE CUTTING A total of 128 kilometres of line have been cut, including 37 kilometres on a detailed grid covering the area of the Toussaint-Midrim showings area, and 91 kilometres on the main grid of the Verneuil Property. GEOPHYSICAL SURVEYS A detailed magnetometer survey was carried out over the Toussaint-Midrim showings area to define with more accuracy the geological structures and the drilling targets. An extensive Induced Polarization (IP) survey was also completed over the entire main property grid. Preliminary results show that the survey was an efficient tool to delineate large geological structures and several well- defined anomalies representing excellent new drill targets scattered in different parts of the property. It is interesting to note that each of the already known gold showings correlates very well with IP anomalies. Furthermore, the survey also reveals possible extensions of the known gold mineralized zones that will be explored in the future programs. CHANNEL SAMPLING Trenching and systematic channel sampling were performed over the Toussaint Shear Zone, the Benoist Showing, and the new JD Showing. The main Toussaint Showing, well exposed by trenching, was sampled with closely spaced systematical channels with one-meter samples. Some of the most significant results are as follows: 15.3 g/t Au over 4.0 m, including 47.3 g/t Au over 1.0 m 10.64 g/t Au over 4.0 m, including 18.43 g/t Au over 2.0 m 8.22 g/t Au over 5.0 m, including 13.36 g/t Au over 3.0 m 14.07 g/t Au over 2.0 m 6.26 g/t Au over 5.0 m, including 8.64 g/t Au over 3.0 m 5.91 g/t Au over 8.0 m 3.65 g/t Au over 7.0 m, including 4.34 g/t Au over 4.0 m Overburden thickness did not allow exposure of the north-east extension of the Toussaint zone. At the Benoist Showing, a total of 8 channels were sampled to get representative Au values across the mineralized zone. The results validated the assays from the previous sampling with values of 1.70 g/t Au over 2.0 m. and 1.01 g/t Au over 1.0m. Trenching was also completed at the new JD Showing, exposing a rusted silicified shear zone, as well as a quartz-feldspar porphyry dyke and quartz-tourmaline veining. Channel sampling returned Au values of 0.301 g/t Au over 1.0 m. and 0.283 g/t Au over 1.0 m. DIAMOND DRILLING AND HISTORICAL RESOURCES In August 2011, a 500 metre diamond drilling program, distributed between five shallow holes, was completed over the Toussaint Shear Zone for which geological reserves were estimated, in 1994, at 187,706 tonnes with an average grade of 7.1 g/t Au. The program, which filled gaps in the existing drilling mesh as a first step toward validating the historical results, was a success as each hole intersected the mineralized gold zone. More than 141 meters of NQ core were sampled and sent to ALS Chemex Lab in Val d'Or for analysis. Results are pending. Viking has recovered most of the drill core from the past programs and selected mineralized sections will also be re-assayed for validation, to make the historical Freewest's reserves compliant with the National Instrument 43-101. FALL 2011-WINTER 2012 PROGRAM A next phase of exploration that includes a 4500 meter-drill program will begin this fall. The objective of this campaign is to further test the extensions of the Toussaint Shear Zone and verify new targets defined by the IP survey in different parts of the Verneuil Property. All samples, sent to ALS Chemex Lab in Val d'Or for analysis, were initially run using a conventional 35-element ICP analysis with an aqua regia digestion process. A 30-gram fire assay with Atomic Absorption Spectroscopy finish for gold was run on all samples; samples with gold values above 10.0 ppm were re-analyzed using a 30-gram fire assay with gravimetric finish. Pierre Poisson, P.Geo., an independent "qualified person" as that term is defined in NI 43-101, has reviewed and approved the technical disclosure in this news release. In addition, the Company has granted 1,650,000 stock options to directors, officers and consultants at a price to be set at one cent above the closing stock price the day after this release is disseminated or at sixteen cents, whichever is greater. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This press release contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the estimation of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking statements are often identifiable by the use of words such as "anticipate", "believe", "plan", may", "could", "would", "might" or "will", "estimates", "expect", "intend", "budget", "scheduled", "forecasts" and similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are subject to a number of risks and uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

[Crusader]

The news is getting better!!!!

Viking Gold commences work on Verneuil gold property
Jul. 13, 2011 (Canada NewsWire Group) --
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
TORONTO, July 13, 2011 /CNW/ - Viking Gold Exploration Inc. (TSX-V:VGC), the "Company", is pleased to announce that it commenced work inJune on its property in the Verneuil Township, in the Abitibi area ofQuebec, where historical geological gold reserves were established byFreewest Resources Canada Inc. ("Freewest") in the early 1990's. From10 holes intersecting the Toussaint Shear Zone, geological reserveswere estimated at 187,706 tonnes with an average grade of 7.1 g/t Au. Aqualified person has not done sufficient work to classify thehistorical estimate as current mineral resources, the issuer is nottreating the historical estimate as current mineral resources and thehistorical estimate should not be relied upon.
From 1991 to 1995, Freewest carried out a series of extensiveexploration programs resulting in the discovery of several gold-bearingshear zones. These programs consisted of prospecting, geophysics,trenching and diamond drilling. Six mineralized zones were uncovered bytrenching with several significant gold values. The results andlocation of these zones are posted on the Company's website.
Freewest completed a series of 35 diamond drill holes intersecting theToussaint Shear Zone. Some of the most significant gold intersectionsare as follows:
10.6 g/t Au over 4.9 m 12.6 g/t Au over 1 m
4.2 g/t Au over 2.5 m 5.2 g/t Au over 4.6 m
5.7 g/t Au over 4 m 20.2 g/t Au over 2.6 m
11.9 g/t Au over 4.2 m
The purpose of the Company's $450,000 initial Verneuil explorationprogram is to make the historical Freewest's reserves compliant withthe National Instrument 43-101 and to generate new exploration targets.The program includes 130 km of line cutting, followed by extensiveinduced polarization and magnetic surveys and diamond drilling.
To confirm the original Freewest discovery, some old trenches are beingcleaned, expanded and covered systematically with channel sampling. Inaddition, new trenching is being carried out to further expose andsample mineralized shear zones. This will be followed by a limitedprogram of diamond drilling to confirm old results.
The Company plans to follow up its initial fieldwork with a 4500 m drillprogram to be started later this summer, in order to increase andbetter define mineral resources and to test the new explorationtargets.
Pierre Poisson, P.Geo., an independent "qualified person" as that termis defined in NI 43-101, has reviewed and approved the technicaldisclosure in this news release.

[Crusader]

Extensive Exploration This Year!

"The acquisition of these claims will give us the opportunity to expand the known gold resource at Verneuil" states MacWatson, Chairman of the Advisory Committee for Viking Gold. "We will endeavour to realize the potential of these gold properties through extensive exploration this year."

[Crusader]

VIKING GOLD ACQUIRES CLAIMS ADJACENT TO ITS VERNEUIL GOLD PROPERTY

TORONTO, June 15, 2011 /CNW/ - Viking Gold Exploration Inc. (TSX-V:VGC), hereafter "Viking Gold" or "the Company" is pleased to announce that it has entered into two separate agreements to acquire 100% interests in claims on the west and east sides of its Verneuil gold exploration property - 19 claims on the west and 10 claims on the east. Viking Gold announced previously that it had agreed to acquire 44 claims situated in Verneuil Township, in the Abitibi region of Quebec.

The new agreements call for Viking Gold to make total ash payments of $50,000 and total share-based payments of 500,000 common shares and 150,000 share purchase warrants. The warrants,which entitle the holder to acquire an equivalent number of common shares at a price of .30 per share over a two-year period,will be included in transaction costs. The Company also granted a 2% NSR on each group of claims and may separately repurchase one-half of each NSR for $1,000,000 each.

"The acquisition of these claims will give us the opportunity to expand the known gold resource at Verneuil" states Mac Watson, Chairman of the Advisory Committee for Viking Gold. "We will endeavor to realize the potential of these gold properties through extensive exploration this year."

[Crusader]

There's gold in them thar hills!

[Crusader]

Mac Watson said: "We look forward to the opportunity to realize the potential of these gold properties through extensive exploration this year."

The best time to explore these new properties is now while the snow has melted. I look forward to trading volume and then news!

LOL

[Crusader]

Some DD resources:

Good luck with the research:

http://www.google.com/#sclient=psy&hl=en&source=hp&q=%22viking+gold+exploration%22&aq=f&aqi=g2g-v3&aql=f&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=b293108ef6c36611&biw=1003&bih=567

http://www.livetradingnews.com/whats-golden-auy-abx-vgcp-42958.htm

http://www.miningnerds.com/stock/viking-gold-exploration-inc-tsxv

[Crusader]

Mac Watson will steer this stock,

and he is a wheeler and dealer. He ran Freewest Resources Canada, Inc. It was sold to Cliffs Natural Resources, Inc.

Mr. Watson was a director of Quest Rare Resources (QRM) since its incorporation in June 2007 and played an instrumental role in the "spin-out" of Quest in late 2007 by Freewest Resources Canada Inc., which resulted in Quest becoming a public company. Mr. Watson was the founder of Freewest and led the company during its recent sale to Cliffs Natural Resources, Inc., which placed a value on Freewest of approximately $240 million.

Here is a bit more about him:

http://investing.businessweek.com/research/stocks/people/person.asp?personId=1501541&ticker=SRI:CN&previousCapId=875249&previousTitle=Stingray%20Copper%20Inc

[Crusader]

Viking Gold agrees to buy two gold properties from Cliffs unit

Tue May 17, 2011 9:00am EDT

May 17 - Canada's Viking Gold Exploration Inc said it agreed to buy two advanced gold properties from Freewest Resources Canada Inc, a wholly owned unit of Cliffs Natural Resources Inc .

Viking Gold will acquire 70 percent interest in a property in the Verneuil township in the Abitibi region of Quebec, and 100 percent of the Larose property in northwestern Ontario.

It will issue 1 million shares from treasury and grant a net smelter royalty of 0.5 percent on both properties to Freewest, in exchange for its interest in these properties, the company said in a statement.

Viking Gold is a mineral exploration company with properties in Canada's northwest territories.

The Viking gold property lies in the Yellowknife Belt of rocks - a prolific gold belt, which has produced over 13 million ounces of gold, according to the company's website.

Viking Gold shares closed at 24 Canadian cents on Monday on the Toronto Venture Exchange.

Shares of Ohio-based miner Cliffs Natural Resources, which is boosting its U.S. exports of iron ore pellets to take advantage of exceptionally high global prices, were trading up at $86.31 before the bell on Tuesday. They closed at $85.95 on Monday on the New York Stock Exchange. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Don Sebastian)
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SIGNIFICANCE:

An $86 per share company, Cliffs Natural Resources, is willing to take shares of a .24 pps company, Viking, on the US Grey Sheets in payment for two gold properties in a proven "gold belt" region.

What is Mac Watson up to this time?