Victory Carries Out Geochemical Survey on PDL Property, Keremeos, BC
14 June 2014 - 3:16AM
Marketwired
Victory Carries Out Geochemical Survey on PDL Property, Keremeos,
BC
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 13, 2014) -
Victory Ventures Inc. (TSX-VENTURE:VVN)(FRANKFURT:VV0) (the
"Company") reports that a recent geochemical soil survey has been
carried out at the PDL Property, Astro alteration zone, located in
the Keremeos-Olalla region of southern British Columbia (see
location map on Victory website).
Two soil sampling lines were established by a two-person
geological crew to cover the approximate north-south trend of the
Astro alteration zone, last tested by QPX Minerals Inc. in the late
1980's through programs of geophysics (Mag, VLF-EM), trenching and
several shallow reverse circulation drill holes.
The two soil lines were established from east to west with the
lines lying approximately 200 meters apart. Soil samples were taken
every 20 metres along the lines. Line 3N was carried out in the
vicinity of the trenching work done by QPX in 1988, while Line 1N
was carried out 200 meters south of Line 3N, at the base of steep
bluffs that host the main alteration zone. A proposed Line 2N was
not carried out due to the lack of soil development on the steep
rocky bluffs located between Line 1N and Line 3N
The soil sampling survey consisted of a total of 23 samples,
with the survey considered to be of a reconnaissance nature, to
test for indicator minerals that may suggest the presence of an
epithermal mineralizing system. To date, only minor random soil
sampling has been carried out around the Astro Zone.
The soil samples have been submitted to an accredited lab in
Vancouver and results should be received by the Company within two
to three weeks.
Although the past exploration work at the Astro alteration zone
has yet to locate economic grades of mineralization, the limited
work programs have substantiated the presence of prospective
argillic-silica alteration with associated anomalous gold and
silver. The surface alteration of volcanic rocks at the Astro zone
possibly represents an upper level portion of an epithermal gold
system. The depth potential of a deeper seated and possibly better
mineralized portion of the epithermal system has never been
tested.
It is the Company's intention to carry out further exploration
on the PDL-Astro Zone to test the depth potential of the Zone both
through IP surveys and diamond drilling.
For more background information related to previous exploration
in and around the current PDL Property, please refer to the
Company's News Release of May 6, 2014.
Director Howard Milne stated, "The Company is excited to begin
exploration work on this prospective mineral target that has seen
very limited exploration in the past and looks forward to a
possible new mineral discovery."
Qualified Person
Mr. Greg Thomson, P.Geo. is the Qualified Person as defined by
National Instrument 43-101. Mr. Thomson is a director for the
Company and has reviewed and approved the technical information
contained in this news release.
On behalf of the Board of Directors:
Howard Milne, Director
Victory Ventures Inc. is a Canadian-based junior mining
exploration company focused on the procurement, exploration and
development of precious metal properties in North America. The
Company's shares are listed and posted for trading on the TSX
Venture Exchange under the symbol "VVN" and on the Frankfurt
Exchange under the symbol "VV0".
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Victory Ventures Inc.Howard MilneDirector(604)
377-8994hdmcap@shaw.cawww.victoryventures.ca
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