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Victory Resources launches intellectual property study on its Mal-Wen property

Preliminary results indicate that there is a significant chargeability anomaly east of the prospect Mal

VANCOUVER, BC / ACCESSWIRE / November 30, 2021 / Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC PINK: VRCFF) (“Victory” or the “Company”) is pleased to announce that the Company has launched an extensive IP survey of its Mal-Wen project, located in south-central British Columbia, in the eastern belt of the Nicola Group.

The 45 km IP survey is currently underway, covering the Mal to Wen areas of the property. Once the survey is complete, a data inversion will be performed to refine the drill targets. Only the very northern part of this area has been covered by previous IP surveys (ie the area of ​​the IP Mal anomaly to the east). Victory’s exploration model views the Mal and Wen prospects as peripheral expressions of a larger mineralized system.

Mal-Wen Exploration Update

  • The Mal-Wen property consists of 7 mineral claims totaling 1,205.97 hectares which are located approximately 30 km southeast of Merritt in south-central British Columbia.
  • The Mal-Wen property is in the eastern belt of the Nicola Group in south-central British Columbia, home to numerous alkaline porphyry deposits, including the currently producing New Afton mine and former producers Ajax and Copper Mountain.
  • A GDD Rx8 receiver and a GDD TxII transmitter are used for the IP survey. Readings will be taken in the time domain using a 2 second pulse. The survey will be carried out with the array of polar dipoles with an “a” spacing of 100 m and “n” separations of 1-6 (100 / 1-6).
  • The Mal and Wen outlook may be peripheral expressions of a larger mineralized system that is mostly covered with overburden. Only the very northern part of this area has been covered by previous IP surveys (ie the area of ​​the IP Mal anomaly to the east). An IP survey is proposed over the area between the Mal and Wen prospects. The targets generated by the IP survey would then be drilled.

Preliminary results indicate that there is a significant chargeability anomaly east of prospect Mal. It extends for at least 600 m N to S and coincides with the IP anomaly identified in the 1968 IP survey by Consolidated Skeena Mines Ltd. The chargeability anomaly coincides with a high resistivity zone and is similar in nature, although larger and stronger, to the more subtle chargeability / resistivity anomalies observed in the Mal Prospect zone.

Once the survey is complete and a data inversion is performed, drill sites will be proposed to target this important and untested PP anomaly.

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Helgi Sigurgeirson, Victory Geologist, and a “qualified person” under National Instrument 43-101.

For more information, please contact:

Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: This e-mail address is protected from spam. You need JavaScript enabled to view it.

About Victory Resources Corporation

VICTORY RESOURCES CORPORATION (CSE: VR) is a diversified, publicly traded investment company with mining interests in North America. The Company is also actively seeking other exploration opportunities.

Neither the Canadian Securities Exchange nor its regulatory services provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

Certain information contained in this press release may contain forward-looking statements involving important known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial condition, business strategy, product use, corporate vision, acquisitions proposed, partnerships, joint ventures and alliances and strategic cooperation, budgets, costs and plans and objectives of or involving the Company. This forward-looking information reflects the current beliefs of management and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “planned”, “estimates”, “forecasts”. “,” Predicts “,” intends “,” targets “,” aims “,” anticipates “or” believes “or variations (including negative variations) of these words and phrases or may be identified by statements that certain actions “may”, “could”, “should”, “would”, “could” or “will” be taken, occur or be achieved. A number of risks, uncertainties and other known and unknown factors may cause actual results or performance to differ materially from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions and dependence. vis-à-vis regulatory approvals. Readers are cautioned that the assumptions used in preparing this information, although believed to be reasonable at the time of preparation, may prove to be imprecise and, as such, forward-looking statements should not be relied on unduly. The Company assumes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws.


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