February 25, 2021
VANCOUVER, BC, CANADA (February 25th, 2021) – Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that the Bureau of Land Management (BLM), Nevada State Office (NSO) has received and approved surface reclamation bond NVN100216 for the Loner Property Project, located in North Central Nevada, permitting the Company’s 500m short hole drill program.
“The first pass drilling program at Loner Property is intended to confirm intersections of gold-bearing quartz vein that correlates with historical underground mining and mapped surficial gold occurrences. It is anticipated the drill program will demonstrate broader mineralization across the width and depth of the occurrence which remains open in all directions” stated Mr. David R. Deering, P.Eng., VP Exploration, and a Director of Victory Resources.
- Victory has received the drilling permit for the Loner Property
- First pass drilling program aims to confirm intersections of gold-bearing quartz vein with historical workings
- Victory exploration team is in final stages of preparation to begin 500m short-hole drill program
- Drill activities are planned to commence in March 2021, subject to weather conditions
As previously reported, the strong gold and arsenic geochemical anomalies are coincident with the exposed mineralization and historic workings. “This indicates that the drill program may define the anomalies more extensively through-out the target area“ said Deering. “This first pass drilling work will evaluate the best and most productive way to continue bringing the project forward over the coming year”