Quantcast
Last updated on April 17, 2014 at 9:30 EDT

Victory Resources Corp. – Reforma Sampling Results of 231 g/tonne of Silver, 14.12% Zinc

August 9, 2012

Symbol:-TSX-V:VR
OTCQX:VRCFF

VANCOUVER, Aug. 9, 2012 /PRNewswire/ – Victory Resources Corp. (the “Company”) is pleased to announce the initial results on their ongoing underground
work program conducted on the Company’s La Reforma property located
north of Choix, Sinaloa State, Mexico.

The results of initial underground sampling at the La Reforma project
have been received. The samples were collected from channels cut across
vein material in skarn at the 690 level. From 29 samples taken along
the drift over a length of 80 metres show weighted average values as
follows:

Silver:   231.48 grams per tonne
Copper:   0.84% tonne
Lead:   6.00% tonne
Zinc:   14.12% tonne

Level 690 was also the site of limited stoping. In addition to the
samples taken along the drift, samples were also taken from accessible
faces in the stopes bringing the total number of samples to 44. The
weighted average values of all samples taken from Level 690 to date are
as follows:

Silver:   183.00 grams per tonne
Copper:   0.73%/ tonne
Lead:   4.32%/ tonne
Zinc:   10.94%/ tonne

It should be pointed out that samples taken in the stoping area are not
regularly spaced due to difficulty of access. Further sampling will
require the use of ladders. Level 690 has an estimated back (height) of
20m.

This initial underground sampling is part of a continuing program of the
company 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 are very encouraged by the consistent results from the underground
sampling especially over a significant length of 80 metres,” stated
Wally Boguski, President and CEO. “The company will continue to advance
the planned drilling and sampling work programs. These results have
demonstrated the same highly anomalous results for Copper, Silver, Zinc
and Lead as previous historic results and bring the company a
significant step closer to the goal of determining a resource
estimate.”

About Victory Resources Corporation

The company’s main focus is on the Reforma property located at the
common boundary of Sinaloa and Chihuahua States in west central Mexico.
The concessions cover a total area of 7,226 hectares. Victory Resources
will earn a 70% undivided interest in the Reforma property as part of
an option agreement. Formerly owned by Penoles in Mexico, documentation
showed that between the years 1968 to 1980, the Reforma mine processed
1.8 million tonnes grading an average of 91.62 grams per tonne Ag, 1.90
per cent Pb, 7.44 per cent Zn and 0.63 per cent Cu.

The recently optioned Boleo property is situated on the western
foothills of the Sierra Madre Occidental mountain range, at the common
boundary of the northeastern Mexican States of Sinaloa and Chihuahua
and expands the resource potential of Victory with 20,460 hectares of
contiguous property. This area is characterized by a northerly prolific
mineralized belt hosting the multi-million-tonne porphyry copper and
gold deposits of Santo Tomas and Bahuerachi.

The Company has also begun exploration work on the Au-Wen property in
British Columbia, Canada. The Au-Wen property is 100% owned by Victory
Resources and is located 30 kilometers southeast of Merritt and 8
kilometers east of the historic Aspen Grove mining camp in
south-central British Columbia, Canada. The property is comprised of
111 contiguous claims (tenures) covering an area of 44,170 hectares.
The area covered is up to 39 kilometres long and up to 21 kilometres
wide.

Mr. Ruben Verzosa, P. Eng., a Qualified Person (QP) as defined by NI
43-101 has approved the geological content of this Press Release.

On behalf of The Board of Directors of Victory Resources Corporation.

Paul Lee, Director

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.

SOURCE Victory Resources Corporation


Source: PR Newswire