Victory Resources Corp Provides an Update on Work Program
Victory Resources Corp. (VR.V) today provided a 2012 summary update on the companies Mexican properties to date.
Recent results from a work program on the Reforma were announced on August 7, 2012 where the company reported the results of 29 samples taken along a drift over a length of 80 metres that showed a weighted average of 231.48 g/t silver, 0.84% copper, 6.00% lead and 14.12% zinc. Each sample weighed between 5kg and 10kg and the average interval between samples was approximately 3 meters.
The samples were collected from channels cut across vein material in skarn at the 690 level. This initial underground sampling is part of a continuing program of the company to evaluate the resource potential of the La Reforma property.
Additional sampling is planned for the lower levels at Level 680, Level 650 and Level 620 over a cumulative strike length of 350m and average backs (height) of some 60m. These levels are presently accessible through existing portals. This sampling program will be augmented by surface and underground diamond drilling. Underground drilling stations can be constructed at minimum cost.
"We expect 2013 to be a pivotal year for the company as we advance the current work/development program and seek strategic alliances with financial and operating partners for the Reforma property," stated Wally Boguski, President and CEO. "2012 was a challenging environment for the junior mining sector stemming from concerns with the global economy. The company is continuing to execute its corporate strategy and we look forward to reporting our company's progress in 2013."
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