Update On Merritt Property Work Program
Friday, 06 November 2015 00:00

Vancouver, BC – VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce that it has received all permits and studies required to complete the drill program on the Queen Zone.

The purpose of the drill program is to verify results from an IP survey completed in 1968 by Barringer Research within an anomalous IP zone of approximately one kilometer wide (east-west), one kilometer 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 kilometers 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 kilometer east-west line correlating with the 1968 IP survey. The results were extremely positive in that an anomalous zone of up to one kilometer wide with anomalous chargeability readings of up to 39 ms which exceeded the previous anomalous results of Barringer Research.

The drill program will commence in the Spring of 2016 on the Queen Zone, with a 400 meter diamond drill hole to test the central portion of the IP anomaly with 800 meters of NQ core size drilling to follow.

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.