Victory Resources Corp. (VR.V) today reported that a
representation bulk sample from the Matanza and the Altamira
tailings ponds have been submitted for mineralogical studies and
metallurgical tests to determine the viability of re-processing the
The drill program was conducted on two tailings ponds known as
the Matanza and the Altamira. The drill program completed on the
Matanza tailings pond consisted of 46 drill holes with depths
ranging from 2 meters to 10.9 meters for a total of 291 meters. The
drill program completed on the Altamira tailings pond consisted of
10 drill holes with depths ranging from 2 meters to 7.5 meters for
a total of 38 meters.
The tailings pond is a result of the mining operations on the
Reforma property between 1968 - 1980 when the mine was operated by
Penoles. Previous production at the Reforma mine involved the
recovery mainly by flotation of chalcopyrite, galena and
sphalerite. Significant values of Silver (
) ranging from 10 grams to greater than 250 grams were recovered
with the sulphides. Gold was a minor component. Magnetite which
comprised a significant portion of the complex ore was not
About 36,000 shares have been traded so far.
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