Victory Resources Corporation Announces Acquisition of Additional Claims
Apr 27 15
Victory Resources Corporation announced that it has increased its land holdings in the historic Aspen Grove mining area of south-central British Columbia. The Company has acquired by staking, two additional claims contiguous to its Toni property. With this new acquisition, the Company’s Toni property is comprised of 93 mineral claims of 40,239 hectares covering an area 39 km long and up to 21 km wide. The acquired claims include the “Josee” mineral showing where mineralization is reported occurring as chalcocite in a sequence of massive to crudely layered lahar deposits and volcanic conglomerate of the Upper Triassic Nicola Group (Eastern belt, Bulletin 69). This acquisition improves the Company’s strategic position within this geologically favorable area where the Company and other companies have active or proposed exploration programs.
Victory Resources Corporation Announces Exploration Program on the Toni Property
Mar 31 15
Victory Resources Corporation announced a corporate update on the company's Toni property, located eight kilometres east of the historic Aspen Grove camp, and 30 kilometres southeast of Merritt in south central British Columbia, Canada. The Property is comprised of 91 mineral claims of 34,200 hectares within a 39 km long and up to 21 km wide area. The Property includes four Minfile documented mineral showings where reported historical exploration results indicate the potential for the development of a potentially economic gold-bearing epithermal and/or or a copper-gold porphyry zone. Two of the most prospective mineral showings are the AU-WEN and the WEN. At the AU-WEN, Minfile records report on historical results of significant gold assays in chip samples ranging from 6.8 grams per tonne over 5.1 metres to 10.8 grams per tonne over 4.9 metres grab and select samples assayed between 14.4 and 91 grams per tonne gold. The best drill core intersection assayed 4.97 grams per tonne gold over 1.5 metres. This mineral zone has yet to be explored by the company. At the WEN, Minfile records report on historical results of a 1.5-metre chip sample from Adit #1 which assayed 4.39% copper, 92.6 grams per tonne silver, and 0.7 gram per tonne gold. A grab sample from the Adit zone assayed 4.84% copper, 46.6 grams per tonne silver and 0.7 gram per tonne gold. A drill core sample (hole HNS 72-1) assayed 1.12% copper and 3.4 grams per tonne silver. In a 1996 exploration program by George Resources on the WEN, one of 16 diamond drill holes, W96-1, intersected a 6.55 metre quartz zone which reportedly returned assays of 16.578 gm/t Au, 0.75% Cu, and 12.901 gm/t Ag (Verley, 1997). This intersection was designated as the Main vein and was located 55 metres south-southeast of Adit #1, one of the three adits on the WEN. In 2010 the company's diamond drill program tested for the extension of the Adit #1 mineral zone. The drilling confirmed the mineral zone extension in the intersection of 5.50 metres assaying 2.62% Cu. The mineral zone is open to the southwest. The most recent exploration by the company on the Property was an October 2014 IP program on the newly designated Queen Zone, located between the Wen and the Au-Wen zones, which consisted of a 3.4 km line of Induced Potential, magnetometer, and self-potential surveys. The program was very successful in delineating and correlating the results of a 1968 IP survey completed by Barringer Geophysics for Consolidated Skeena Mines which results indicated an anomalous IP zone approximately one kilometer wide (east-west), one kilometre long (north-south) as reported by Roger Caven, Geophysicist. The chargeability readings of the anomalous zone were up to 24.0Ms. This IP zone was never drill tested, however, 1968 drilling on an anomalous IP zone with a chargeability of 7Ms (in a background of approx. 2Ms; W.M. Sharp, 1969) located one kilometre north of the 2014 IP survey, reportedly returned values of 0.39% copper over 100 feet in addition to other well-defined intercepts.
Victory Resources Corporation Appoints David Cross to its Board of Directors
Dec 10 14
Victory Resources Corporation announced the appointment of Mr. David Cross to its Board of Directors. Mr. Cross started his accounting career in 1997 at a Chartered Accountant firm and obtained his Certified General Accountant designation in 2004.