VKML Is The Mining Play To Watch Thursday !

On September 14, 2011, in Featured Plays, by PennyStockRumors.net

Our new trade idea is:

VKML - Viking Minerals, Inc

Viking Minerals is engaged in the acquisition and development of near-term producing copper, gold and silver properties in the United States and Canada.

VKML is focusing on developing its Dolly Varden properties in northeastern Nevada, adjacent to the Victoria Copper mine. The Victoria mine has been active many times, throughout history, most recently in the 1970s and 80s, with each shutdown due to falling copper prices. The Large resource of copper in this area has been well documented and hosts two large operating mines ‒ Battle Mountain and Robinson.

Dolly Varden Property
The Dolly Varden Area, Elko County, Nevada, 50 miles north of Ely, Nevada is where Viking Minerals property is located. The property consists of 16 unpatented contiguous mineral claims located east of Highway 93 Alternate and northwest of the town of Lages, which is readily accessible for prospecting and mineral exploration from well maintained ranch roads and also includes water wells.
Dolly Varden Claims consist of 16 unpatented contiguous mineral claims located close to Dolly Varden Springs
Most of the claims are underlain by limestone (Permian Pequop Formation assumed), which are generally flat lying to gently dipping (25° to 35°) to the east. Several north, northwest trending felsic dykes are present with associated jasperoid bodies and beds - some thinly bedded abutting them or nearby.
Regional geophysical surveys have been conducted by private companies, but no government regional geochemical surveying has been completed for the area.
The South Dolly Claims provide a very attractive exploration prospect for copper gold mineralization associated with known mineralizing porphyry intrusives. A detailed program (Phase I) of geological review and exploration is proposed, prior to selecting drill targets (Phase II). The Phase I budget is estimated to cost US $15,000.
Global Demand for Copper 
Copper prices are at a historical high with demand from China promising to keep prices at these profitable levels or even higher. Copper mining is one of the most profitable minerals, with $4.20 copper bringing a 65% return – even higher than $1,550 gold. China consumed seven million metric tonnes in 2010, which is 35 to 40% of the global supply, making this the perfect time to be in copper mining
Recent news from VKML:
September 6, 2011: 5.23% COPPER at Viking Minerals Dolly Varden Property in Elko County Nevada
PHOENIX, ARIZONA - VIKING MINERALS INC reports up to 5.23% copper from its first five assay results at the Dolly Varden Claims, in Elko County, Nevada.
The five samples were shipped to the ALS Chemex lab in North Vancouver, Canada. All the samples were taken from the first hole. Two of the samples were taken in the visibly malachite stained zone and three were taken from the altered rusty pyrite zones above and below it.
You can read the full press release here.
VKML Chart:
You can clearly see that VKML appears to have some resistance at .10 . What would happen if VKML were to break its resistance points ?


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