. First Phase Work Program Designed To Identify Drilling Targets For Advance Drilling Program Pending Permitting
VANCOUVER, BC, CANADA (September 8th, 2020) – Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company) is pleased to announce commencement of the first phase of its work program for its Mal-Wen property in British Columbia, which is designed to advance to drilling as soon as permitting allows.
Mal-Wen Work Program Highlights
•Victory is exploring for an Au-CU alkalic porphyry deposit on its Mal-Wen property
•Phase 1 is designed to define existing drill targets and locate new ones
•Phase 1 will begin immediately with expected completion by October 1st 2020
•Phase 2 will commence upon granting of permits and consist of an IP survey to be followed by diamond drilling
Victory Resources is exploring for an Au-Cu alkalic porphyry deposit on its Mal-Wen Property. While there are current drill targets on the Property, mag and IP have never been done over the ground between the two main showings (i.e. The Mal and the Wen Prospects). Phase 1 is intended to better define existing targets and locate new targets. Phase 1 will begin immediately and will consist of a magnetometer survey, geological mapping and sampling, as well as permitting towards a drill program. Phase 1 is expected to be completed by the end of September, at a cost between $25,000 and $50,000. Phase 2 will begin as soon as the permits are granted. It will consist of an IP survey, followed by diamond drilling.
The Mal-Wen Property is composed of 6 mineral claims with a total area of 1143.58 hectares. The claims are 100% owned by Victory Resources Corporation. The property is about 30 km southeast of Merritt in south-central British Columbia. It is accessed by taking highway 97C southeast to the Loon Lake Road Exit, which connects to the logging road network which crosses the property.
The exploration target is an alkalic prophyry of the same age and type as the Afton and Copper Mountain deposits. The Mal-Wen Property occurs within Nicola Group rocks along the same belt as these deposits. The specific geologic setting may be similar to that of the Primer Prospects, 20 km to the south, where Nicola Group rocks are intruded by smaller alkalic intrusive bodies and dikes, rather than a large alkalic stock.
Scientific and technical information contained in this press release was reviewed and approved by Mr. Helgi Sigurgeirson, Victory geologist, and a "qualified person" under NI 43-101.