Work Program on Merritt, BC Property
Wednesday, 26 November 2014 23:07

Vancouver, BC – VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce that is has completed an induced potential geophysical survey (IP Survey) over the designated Queen Zone between the Wen and the Au-Wen zones of the Toni property located 30 kilometres south east of Merritt, and eight kilometres east of the historic Aspen Grove mining camp in south central British Columbia.

The purpose of the survey was to verify the best results of an IP Survey completed in 1968 by Barringer Research within an anomalous IP zone of approximately one kilometre wide (east-west), one kilometre long (north-south) as reported by Roger Caven, Geophysicist and indicated as L56S on a map. The chargeability readings of the one kilometer wide anomalous zone are up to 24.0 ms. The anomalous zone extends to L68S or 1,200 feet (365 metres) and open to the south.

A core assay from a 1968 drill-hole completed on a 7.0 ms IP chargeability of the same IP Survey two kilometres north of L56S returned 33 metres of 0.344% copper. The higher anomalies of the IP Survey were reportedly not drilled due to lack of funding.

The 2014 Victory zone survey consisted of one three kilometre east-west line correlating with the 1968 IP Survey. The results were extremely positive in that an anomalous zone of up to one kilometre wide with anomalous chargeability readings of up to 39 ms which exceeded the anomalous results of the Barringer results.

The follow-up exploration program proposed on the Queen Zone is a 400 metre diamond drill hole to test the central portion of the IP anomaly and to continue with the IP Survey in order to delineate the Queen anomalous zone to the south.

Laurence Sookochoff, P. Eng., a Qualified Person (QP) as defined by the National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.