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BUNSÅS

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Summary

Bunsås is Wiking Mineral´s most advanced base metal exploration project and is located in the north eastern Bergslagen area, 15 km west of Sandviken. The deposit hosts an indicated resource of
530 000 tonnes grading 0,5 % copper, 2,0 % zinc, 0,4 g/t gold and 24 g/t silver.

Geology

Mineralisation in Bunsås is of massive sulphide type and occurs in a sequence of mafic to felsic volcanics. The volcanic sequence is strongly altered close to the mineralized horizon.

Exploration 2011

During the winter 2010/2011 a ground and downhole TEM geophysical survey has been completed by SMOY at Bunsås. Interpretation of the data by Geovista indicates untested conductive bodies exist at depth in the western mineralized area. Drilling of this untested area will be conducted during spring-summer 2011.

Bunsås

Phase:

3

Rights:

100%

Mineral:

Gold (Au), silver (Ag),

copper (Cu), zinc (Zn)

Area:

740 hectares (7,4 km2)

Region:

Sandviken Municipality,

Gävleborg County

Exploration Permits:

Bunsås nr 2
Bunsåsfältet nr 1

Mineral Resource:

Indicated mineral recource

530 000 ton

0,4 g/t Au, 24 g/t Ag,

0,5 % Cu, 2,0 % Zn

Inferred mineral resources
430 000 ton

0,3 g/t Au, 10 g/t Ag,

0,5 % Cu, 1,8 % Zn

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