Victory Announces Exploration Program on the Toni Property
Tuesday, 31 March 2015 00:00

Vancouver, BC – VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce acorporate update on the Company’s Toni property (the “Property”), located eight kilometres east of the historic Aspen Grove camp, and 30 kilometres southeast of Merritt in south central British Columbia, Canada. The Property is comprised of 91 mineral claims of 34,200 hectares within a 39 km long and up to 21 km wide area.

The Property includes four Minfile documented mineral showings where reported historical exploration results indicate the potential for the development of a potentially economic gold-bearing epithermal and/or or a copper-gold porphyry zone. Two of the most prospective mineral showings are the AU-WEN and the WEN.

At the AU-WEN, Minfile records report on historical results of significant gold assays in chip samplesranging from 6.8 grams per tonne over 5.1 metres to 10.8 grams per tonne over 4.9 metres grab and select samples assayed between 14.4 and 91 grams per tonne gold. The best drill core intersection assayed 4.97 grams per tonne gold over 1.5 metres. This mineral zone has yet to be explored by the Company.

At the WEN, Minfile records report on historical results of a 1.5-metre chip sample from Adit #1 which assayed 4.39 per cent copper, 92.6 grams per tonne silver, and 0.7 gram per tonne gold. A grab sample from the Adit zone assayed 4.84 per cent copper, 46.6 grams per tonne silver and 0.7 gram per tonne gold. A drill core sample (hole HNS 72-1) assayed 1.12 per cent copper and 3.4 grams per tonne silver.

In a 1996 exploration program by George Resources on the WEN, one of 16 diamond drill holes, W96-1, intersected a 6.55 metre quartz zone which reportedly returned assays of 16.578 gm/t Au, 0.75% Cu, and 12.901 gm/t Ag (Verley, 1997). This intersection was designated as the Main veinmetres south-southeast of Adit #1, one of the three adits on the WEN.

In 2010 the Company’s diamond drill program tested for the extension of the Adit #1 mineral zone. Thedrilling confirmed the mineral zone extension in the intersection of 5.50 metres assaying 2.62% Cu (refer to the Company’s news release dated August 26, 2010). The mineral zone is open to the southwest.

The most recent exploration by the Company on the Property was an October 2014 IP program on the newly designated Queen Zone, located between the Wen and the Au-Wen zones, which consisted of a 3.4 km lineof Induced Potential, magnetometer, and self-potential surveys. The program was very successful in delineating and correlating the results of a 1968 IP survey completed by Barringer Geophysics for Consolidated Skeena Mines which results indicated an anomalous IP zone approximately one kilometre wide (east-west), one kilometre long (north-south) as reported by Roger Caven, Geophysicist. The chargeability readings of the anomalous zone were up to 24.0Ms. This IP zone was never drill tested, however, 1968 drilling on an anomalous IP zone with a chargeability of 7Ms (in a background of approx. 2Ms; W.M. Sharp, 1969) located one kilometre north of the 2014 IP survey, reportedly returned values of 0.39% copper over 100 feet in addition to other well-defined intercepts.

The Company’s 2014 IP survey confirmed and surpassed previous results, with an IP anomaly about 1km wide with a maximum apparent chargeability of 39Ms.

Based on the encouraging results from the 2014 geophysical surveys, the Company is in the process of acquiring permits for a 2015 exploration program which is proposed to include 1200 metres of diamond drilling and additional geophysical surveys.

The mineral potential of the immediate Toni property area is supported by the mineralized zones on adjacentproperties. To the west is the Paycinci developed prospect which Minfile records report an inferred 1.8 million tonnes of 1.00% copper and a drill indicated 54,000 tonnes of 0.876% copper on the Cincinnatti. To the south is the past productive Elk mineral zone where between 1992 and 1995 production was reported as 51,500 ounces of gold at 3 ounces per tonne. Gold Mountain, the present owner of the Elk property shipped a 500 tonne bulk sample which averaged 13.8 grams per tonne gold (please refer to the Gold Mountain Mining Corporation news release dated October 31, 2013).

The Aspen Grove Camp has once again become one of the recognized areas for a potentially economic mineral zone in the prime geological porphyry belt which includes the recently reactivated Copper Mountain mine located 55 kilometres to the south and the world class Highland Valley mine located 75 kilometres to the north, in addition to other producers, past producers and pending producers.

(NOTE: Historic records cannot be relied upon unless verified in accordance to the NI 43-101 compliance reporting requirement.)

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.

 

On behalf of The Board of Directors of Victory Resources Corporation.

Roger Frost
President, CEO


This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not
under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources
Corporation to be materially different from the results, performance or expectation implied by these forward looking statements. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture 
Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.