Victory Resources Corp Provides an Update on Work Program
January 09 2013 - 8:00AM
OTC Markets
VANCOUVER, BC – Victory Resources
Corp. (the "Company") is
pleased to provide a 2012 Summary update on the companies Mexican
properties to date.
Recent results from a work program on the Reforma were announced on
August 7, 2012 where the company reported the results of 29 samples
taken along a drift over a length of 80 metres that showed a
weighted average of 231.48 g/t silver, 0.84% copper, 6.00% lead and
14.12% zinc. Each sample weighed between 5kg and 10kg and the
average interval between samples was approximately 3
meters.
The samples were collected from channels cut across vein material
in skarn at the 690 level. This initial underground sampling is
part of a continuing program of the company to evaluate the
resource potential of the La Reforma property. Additional sampling
is planned for the lower levels at Level 680, Level 650 and Level
620 over a cumulative strike length of 350m and average backs
(height) of some 60m. These levels are presently accessible through
existing portals. This sampling program will be augmented by
surface and underground diamond drilling. Underground drilling
stations can be constructed at minimum cost.
“We expect 2013 to be a pivotal year for the company as we advance
the current work/development program and seek strategic alliances
with financial and operating partners for the Reforma property,”
stated Wally Boguski, President and CEO. “2012 was a challenging
environment for the junior mining sector stemming from concerns
with the global economy. The company is continuing to execute its
corporate strategy and we look forward to reporting our company’s
progress in 2013.”
Mr. Ruben Verzosa, P. Eng., a Qualified Person (QP) as defined
by NI 43-101 has approved the geological content of this Press
Release
For more information contact Corey Safran, Strategic
Development at 609-228-0595, or by email at
corey@vrcorpusa.com.
About Victory Resources Corporation
The company's main focus is on the Reforma property located at
the common boundary of Sinaloa and Chihuahua States in west central
Mexico. The concessions cover a total area of 7,226 hectares.
Victory Resources has earned a 70% undivided interest in the
Reforma property as part of an option agreement. Formerly owned by
Penoles in Mexico, documentation showed that between the years 1968
to 1980, the Reforma mine processed 1.8 million tonnes grading an
average of 91.62 grams per tonne Ag, 1.90 per cent Pb, 7.44 per
cent Zn and 0.63 per cent Cu.
The recently optioned Boleo property is situated on the western
foothills of the Sierra Madre Occidental mountain range, at the
common boundary of the northeastern Mexican States of Sinaloa and
Chihuahua and expands the resource potential of Victory with 20,460
hectares of contiguous property. This area is characterized by a
northerly prolific mineralized belt hosting the multi-million-tonne
porphyry copper and gold deposits of Santo Tomas and
Bahuerachi.
Corporate
Responsibility
Victory Resources Corp has a stated commitment of supporting
the properties’ neighboring communities through dedicated programs
with a goal to improve the quality of life for all of its local
citizens. Supported by our corporate values, our corporate
philosophy promotes the creation of a positive work environment,
which is crucial to the success of our company. We uphold our
values through policies and envoirmental programs that foster
employee commitment to sustainable development. We endeavour to
protect human dignity and individual beliefs, and strive to create
an environment that promotes mutual respect for our employees,
subcontractors, neighbouring communities, host governments and the
general population. In keeping with our commitment to promote the
development of the communities neighboring our properties, our
recruitment initiatives focus on hiring local employees. We believe
in the importance providing training to local employees so they can
eventually benefit from positions of greater
responsibility.
On behalf of The Board of
Directors of Victory Resources Corporation.
Paul Lee, Director
Supreme Critical Metals (PK) (USOTC:VRCFF)
Historical Stock Chart
From Jan 2025 to Feb 2025
Supreme Critical Metals (PK) (USOTC:VRCFF)
Historical Stock Chart
From Feb 2024 to Feb 2025