Victory Resources Provides Update on Drill Program and Tailings Samples
Victory Resources Corp. (VR.V) provided an update on the current drill program on the La Reforma property in Mexico as well as metallurgical testing of bulk samples from the Matanza and the Altamira tailings ponds.
The most recent results from the current drill program 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.
This sampling program will be augmented by surface and underground diamond drilling.
The analytical results of recent tests of tailings samples using a recovery mill were inconclusive. The assay results of preliminary sampling that the company reported on March 1, 2012 showed elevated values of silver in the tailings ranging from 4.20 ppm to a high of 60.8 ppm, as well as some high values of zinc. The company is preparing to ship further representative samples of the of the Matanza and Altamira tailings ponds to a qualified analytical laboratory in Arizona for additional testing.
VR shares were trading half-a-cent higher at $0.16.
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