VANCOUVER, BC – VICTORY RESOURCES CORPORATION (the “Company”) The Company is pleased to announce the results of its first stage drill program designed to explore the southward geological extension of the main Reforma complex ore zone. Drill hole DDH-001-11 was collared close to a skarn outcrop with the same mineralogy as the main Reforma ore zone comprising pyrite, chalcopyrite and minor amounts of galena and sphalerite. The drill hole intersected an apparent width of 9.60 metres of 127.4 g/t Ag (4.49 ounces Silver), 3.125% Pb (Lead) and 0.88% Cu (Copper). The assay results from the other two holes are tabulated below.
|
Hole No.
|
Interval (Mts)
|
Width (Mts)
|
Au (g/ton)
|
Ag (g/ton
|
Cu %
|
Pb %
|
Zn %
|
Zn results pending
|
|
DDH-001-11
|
0.65 to 10.25
|
9.6
|
0.1805
|
127.4
|
0.888
|
3.125
|
0.0493
|
|
|
Includes
|
1.1 to 4.14
|
3.04
|
0.371
|
42.2
|
1.705
|
0.72
|
0.07
|
|
|
4.14 to 5.70
|
1.56
|
0.082
|
17.8
|
1.895
|
0.043
|
0.0409
|
||
|
6.56 to 7.20
|
0.64
|
0.213
|
8.8
|
1.54
|
0.011
|
0.0369
|
||
|
DDH-002-11
|
1.40 to 9.44
|
8.04
|
0.1775
|
15.36
|
0.879
|
0.016
|
0.0362
|
|
|
Includes
|
3.85 to 6.30
|
2.45
|
0.287
|
40.4
|
2.22
|
0.038
|
0.0295
|
|
|
DDH-004-11
|
1.37 to 1.70
|
0.33
|
0.035
|
133
|
0.714
|
4.69
|
|
> 10 000
|
|
DDH-004-11
|
2.55 to 6.27
|
3.77
|
0.008
|
5.75
|
0.018
|
0.757
|
|
> 10 000
|
|
Includes
|
2.50 to 3.23
|
0.73
|
0.009
|
10.7
|
0.033
|
1.5
|
> 10 000
|
|
|
DDH-004-11
|
175.44 to 186.11
|
10.67
|
0.02
|
5.25
|
0.04
|
0.028
|
0.2272
|
|
|
Includes
|
175.44 to 178.49
|
3.05
|
0.032
|
5.9
|
0.015
|
0.034
|
0.125
|
|
|
181.53 to 184.58
|
3.05
|
0.01
|
9.1
|
0.083
|
0.038
|
0.453
|
Additional drilling is planned to determine the significance and the relationship of the above mineralized intercepts to the main Reforma ore zone.
The El Chapote skarn zone 1km northwest of the old Reforma mine is under study for a drill program to commence shortly.
A total of 550 samples from a rock geochemistry program were submitted to the ALS – Chemex laboratory in Hermosillo, Mexico for a 32- element ICP analysis. The objective of the geochemical survey was to investigate possible mineralization associated with a widespread area of oxidation immediately west of the Reforma mine. Contingent on the analytical results, the Company envisages a geophysical survey as a follow up to identify possible drill targets.
Mr. Ruben Verzosa, P. Eng., a Qualified Person (QP) as defined by NI 43-101 has approved the geological content of this Press Release.
On behalf of The Board of Directors of Victory Resources Corporation.
Wally E. Boguski, President, CEO, Director
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources Corporation to be materially different from the results, performance or expectation implied by these forward looking statements. Neither 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, which has been prepared by management.