I think I'm on to something here.

So I'm trying to set up a Viking forum, and try to find some viking investors before whatever is coming occurs.

1. If you look at the claims that Viking has, you'll see they have a couple of 60-40 deals whereby they earn 60% interest with two other companies. One is Perigrine Diamonds, who have lots of properties further north in the Arctic, looking for diamonds. This is the large claim from the south end of Ormsby down towards Tyhee's goodwin Lake. Viking has to spend a total of $1,000,000 in exploration by a revised date of Sept 2011, to get the 60%. THey have spent just under $500,000 to date, including $260,000 last year. So they have to come up with another 500,000. They have made drilling this property, near the ormbsy resource of Tyhee, their only focus. Other than bankruptcy... They have $12,000 in the bank and about $37,000 in accounts payable (to directors, who have capilotized their services - like working for free). Perigrine is solid, but seem to be not exploring in the area, and interested in diamond plays. If Vikign went broke, maybe perigrine woudl allow the claim to lapse, or would sell it.

2. Lakota resources had been the other JV partner with Viking. But they went into bankruptcy. They came out of reorganization on 8 OCt (See 2 Dec News Release).

http://www.newswire.ca/en/releases/archive/December2009/02/c7317.html

also: "Effective to the close of business, July 13, 2009, and in accordance with exchange Policy 2.9, Lakota Resources Inc.’s securities will be delisted from the TSX Venture Exchange, for failure to pay its annual sustaining fees. Prior to delisting the company's securities were subject to a suspension from trading."

From: http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?symbol=LOKRF:US

Other news releases talk of all of Lakota's shares being taken up by a corporation that they owed money to in their Tanzania exploration project. This makes me think that the focus of the company has to be split up into pieces, and some parts abandoned or sold as part of the bankruptcy process. This, of course, is material to Viking's Morris Lake exploration properties....

So what? well, it seems that the claims around Morris lake, Vikings exploration areas between Clan Lake and Goodwin Lake, I think, may have changed hands from Lakota to another investor. Or they are about to. Lakota is under a trading halt, but seem to be trying to get back into the game somehow.

3. Common sense: While DW explained last year that Viking's properties come with (the above?) commitments, so it's not as simple as I thought last year. If cash is so tight these days, and Lakota trying to come out of bankruptcy, there has to be knock-on effects for Viking. This must present some prospects of the claims along the line from Ormsby to Big Sky/Clan Lake coming free and available to Tyhee in one form or another.

If not tyhee, than maybe another company will snap them up, and draw new attention to this area.

My bet is that Viking will hang on, and raise the funds to keep going, but the MOrris Lake claims will evaporate and get snapped up by someone new (or Tyhee?) I'm still poking around and will post info if/once I get a Viking forum set up (which will have almost no activity at first). Because it is relevant to Tyhee.

In a few years, when Tyhee has a mine, and is hauling ore between Clan Lake and the mine at Ormsby, for example, they'll be driving right by the exploration sites in the Narrow Lake portion of the now Viking / Perigrine claimes. Surface rights are different from mining rights, but still, there may be something for Tyhee in all of this.

Something that may prove relevant in the coming months, anyhow...

SKELEG