Victory Resources Corp. (OTC Pink: VRCFF) (CSE: VR) (FSE: VR61) not too long ago added further funding to its coffers, which can be used, partially, to start its first drilling program on the Loner Property in Nevada. It’s a property that the corporate solely not too long ago optioned from Silver Vary Sources in late December, and since optioning the property, Victory Resources has moved rapidly to take full benefit of its exploration alternatives there with a fastidiously laid out 500-meter quick gap drilling program.
The corporate’s deliberate drilling program is anticipated to start subsequent month (March 2021), climate allowing, now that Victory Resources has obtained the much-anticipated drilling allow for the mission from the Nevada State Workplace of the Bureau of Land Administration giving Victory Resources the go-ahead as introduced this week.
In line with Victory Useful resource’s Director and VP of Exploration, David R. Deering, P.Eng., the primary cross drilling program on the Loner Property will consist of seven to 10 diamond drill holes totaling 500 meters, and it is going to be used to verify intersections of gold-bearing quartz veins that correlate with historic underground mining and mapped surficial gold occurrences.
Moreover, the preliminary drilling program will consider the 200 to 300-meter-wide zone of anomalous soils recognized by Silver Vary Sources by principal element evaluation. Particularly, the corporate says that its drilling operations will concentrate on the realm of gold-in-soil anomalies to the south and east of the principle workings; nonetheless, Victory Resources expects to judge different areas as effectively.
The corporate anticipates that the drill program will reveal broader mineralization throughout the width and depth of the prevalence which stays open in all instructions. Earlier studies state that the sturdy gold and arsenic geochemical anomalies are coincident with the uncovered mineralization and historic workings.
When discussing the anomalies present in prior work, David Deering mentioned, “This means that the drill program might outline the anomalies extra extensively all through the goal space. This primary cross drilling work will consider the very best and best option to proceed bringing the mission ahead over the approaching yr.”
The importance of the upcoming program is that it expects to construct upon extraordinarily encouraging outcomes discovered on the property thus far. And, in doing so, the corporate will advance the story of the Loner Property, which is positioned 35 kilometers, or about 22 miles, south of Winnemucca, Nevada, within the southern Sonoma Vary. Loner presently consists of 16 Federal Lode Claims protecting historic workings and uncovered low-sulphidation gold mineralization.
Pleasure for the way forward for the Loner Property is generated by latest exploration successes within the space. The mission is throughout Grass Valley and 12 miles north of the Goldbanks Venture (present assets 557,000 ounces of Gold). There are sturdy similarities between Loner and the Goldbanks Deposit by way of geological setting and elegance of mineralization discovered at every. Additionally, the Coronado VMS Venture, which has been exploring for copper on a property about 6 miles southeast of the Loner Property. Victory Resources says that the realm of the Loner Property is potential for each these types of mineralization, gold and copper.
David Deering added, “As beforehand famous, Loner is a promising property. Our efforts have been intensive since buying the choice in December and with this announcement our staff is in place and ready to speed up exploration actions with the launch of our 2021 work program.”
This is a wonderful exploration alternative for Victory Resources on what expects to be promising and ideally-situated property with year-round exploration entry in an space of mineralization-rich Nevada that’s within the neighborhood of Goldbanks, and an space the place trade mainstays, Barrick, Kinross, and Premier have pursuits.
To study extra about Victory Resources Corp., go to https://www.victoryresourcescorp.com .
About Victory Resources Corp.
Victory Resources Corp. is a publicly-traded, junior, worldwide mining firm with pursuits in North America. The corporate is presently creating its current tasks, together with its not too long ago optioned Loner property in Nevada adjoining to Goldbanks, its British Columbia Mal-Wen property and its not too long ago acquired properties, Hammond Reef South in Ontario, adjoining Agnico Eagle’s Hammond Reef mine, and Lac Simard in Quebec, positioned inside 20 kilometers of three working gold mines, together with Agnico Eagle’s Goldex, Canadian Malartic mines and Eldorado Gold’s Lamaque mine.
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