January 19, 2022
- IP Survey Outlines Several Significant Anomalies
- Exploration Target is Alkalic CU-AU Porphyry Style Mineralization
- Mal East Anomaly Highest Priority Target
VANCOUVER, BC, CANADA (January 19, 2022) – Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that the results of the recently completed and extensive IP survey on its Mal-Wen project, located in south-central British Columbia, within the eastern belt of the Nicola Group.
The 41.6 km IP survey, announced in November and completed in December, over the area of the Mal and Wen Prospects has outlined several significant chargeability anomalies (Figure 1 – below). The exploration target is alkalic Cu-Au Porphyry style mineralization.
The northern anomaly (the Mal East anomaly) is the highest priority target. It features a coincident chargeability and resistivity high covering an area in excess of 500 m by 500 m in an area with little outcrop. The nature of the anomaly is similar to that associated with the Mal Prospect (approximately 500 m to the west), but considerably larger and stronger (Figure 2).
To the south, in the area of the Wen Prospect, are a pair of chargeability anomalies. The southernmost anomaly appears to be related to the mudstones mapped in that area. However, the chargeability high to the west of the Wen Prospect (the Wen West anomaly) is in an area of no outcrop and has a similar chargeability/resistivity response as the Wen Zone mineralization, though considerably larger and stronger.
None of these anomalies have been drill tested. An inversion will be performed on the data to provide more accurate drill targeting. An application to drill has been submitted and it is expected a permit will be granted by the spring.