Victory Exploration Team Investigating Manganese Oxide Deposits for Copper in the Vicinity of the Big Mike Deposit
VANCOUVER, BC, CANADA (May 27th, 2021) – Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that its exploration team has completed a sampling program on the Company’s Black Diablo property in Nevada. 72 soil samples and 22 rock samples were collected and submitted to ALS for analysis.
The primary purpose of the sampling was to investigate whether the Black Diablo manganese oxide deposits are anomalous in Cu (copper). This area is considered to be a favorable tract for Cyprus style VMS deposits by the USGS (Peters, et al, 1996), such as the Cu rich Big Mike Deposit about 10 miles to the south of the property. Cyprus VMS deposits and Mn-oxide deposits in this tract are spatially and geologically associated. The single assay included in the Black Diablo MRDS by the USGS indicated a Cu value of 10,000 ppm Cu, which indicates the sample was at least 1% Cu. Franciscan Type Mn-oxide deposits often report trace Cu, so significantly higher Cu values may indicate the area is prospective for Cyprus style VMS.
Sampling will also be looked at for indications of additional Mn-oxide mineralization in the area. While limited drilling has been done in the immediate vicinity of the Black Diablo Mine, no work has been documented on the rest of the property.
“With the proximity to the Loner property, where our drilling program was just completed, we have deployed our exploration team to Black Diablo to conduct this sampling program, prior to further exploration work in Nevada,” said Mr. Mark Ireton, Victory CEO. “We have a strong exploration team on the ground, fully equipped and we are maximizing all of those resources to advance our Nevada properties, including Smokey Lithium.”
Scientific and technical information contained in this press release was reviewed and approved by Mr. Helgi Sigurgeirson, Victory Geologist, and a "qualified person" under NI 43-101.
About the Black Diablo Property:
The Black Diablo Project is exploring for VMS Copper deposits in the same belt of rocks as Nevada Sunrise Gold Corp's Coronado VMS Project immediately to the south. The Big Mike Copper Mine is on the Coronado Property, about 10 miles south of the Black Diablo Property. The close proximity of the Black Diablo to the Loner Property allows for cost effective evaluation of the Black Diablo while crews are in the area. The Big Mike Copper Mine produced about 25 million pounds of copper in 100,000 tons of ore grading 10.5% copper, which was shipped directly to a smelter in West Germany. Ranchers also carried out heap leaching on the lower grade disseminated copper ore, treating about 300,000t of mineralised rock.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: [email protected]
About Victory Resources Corporation
VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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