Venture Stocks Victory Resources TSX : VR
Press Releases
Extension of the Expiry Date to Exercise Warrants
VANCOUVER, BC – VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce the extension of the expiry date to exercise warrants that were due to expire today, May 17, 2012. The expiry date will now be June 15, 2012 and the number of warrants that have been extended are 2,890,000 at an exercise price of $0.40 per full warrant.
For more information contact Corey Safran, Investor Relations, at 609-228-0595, or by email at corey@vrcorpusa.com.
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 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 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide.
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.
Victory Resources Corp. Completes 2nd Tranche of Private Placement
Tuesday, 17 April 2012 00:00
Vancouver, BC – Victory Resources Corp (Symbol VR-TSXV) (the “Company”) is pleased to announce that it has received additional subscription agreements totaling 3,772,067 units, completing its 2nd tranche of the non-brokered private placement offered to qualified investors for additional gross proceeds to the company of $1,320,223.85.
The total of both tranches of the non-brokered private placement will result in the issuance of 7,607,369 units at a price of $0.35 cents a unit for total proceeds of $2,662,579.55. Each unit consists of one common share and one-half of one share purchase warrant. A full warrant entitles the holder to acquire one additional share at a price of $0.50 for 24 months from closing. All securities issued are subject to a hold period of four months from closing. Finders’ fees will be paid to qualified parties.
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 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 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide.
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.
Victory Resources Announces Private Placement of Flow Through Units
VANCOUVER, BC – Victory Resources Corp. (Symbol VR-TSXV, OTCQX:VRCFF) (the “Company”) is pleased to announce that it has arranged a non-brokered private placement of flow-through units. The total flow-through unit proceeds arranged are up to $300,000.
Each flow-through unit will be priced at $0.45 cents, and will consist of one common share and one-half non-flow-through warrant. Each full warrant entitles the holder to purchase one common share at a price of $0.55 per share following 24 months from the closing date.
The flow-through proceeds of the private placement will be used for an initial exploration program on the Company’s 100% owned Toni property located in British Columbia, Canada. The first stage of the exploration program would be an airborne ZTEM survey that will cover the Toni property, the historically known mineral porphyry deposits, and the potential mineral prospects in the area. The company agreed to pay finders’ fees to arm’s-length qualified parties.
“We are very pleased to begin the exploration program at the Toni property and to have two ongoing mining exploration projects for our company,” stated Wally Boguski, President/CEO, “our Toni property in British Columbia, Canada and our La Reforma property in Mexico are both located in known geological areas that have attracted a lot of industry activity. We feel very fortunate to offer shareholders the potential development of these mining properties.”
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 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 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide.
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.
Drill Program on Reforma Tailings has Commenced
Vancouver, BC – Victory Resources Corp (Symbol VR-TSXV) (the “Company”) is pleased to announce that it has begun a systematic drilling program to determine the potential size and grade values of the Matanza and Altamira historic Reforma tailings deposit located beside the Reforma historic mine site.
The drill program has a surveyed grid of 20 by 20 meters, with a total of 93 holes planned with a depth of 15 meters on average. This 1400 meter drill program is expected to take about 30 days to complete.
Upon completion of the drilling, a representation bulk sample will be sent to a laboratory to determine the mineralogical and metallurgical studies for recovery values followed by a feasibility study of re-processing the material. “Based on the initial results from the tailings pond that we previously announced, we are pleased to commence the confirmatory drill program on the tailings pond,” stated Wally Boguski, President and CEO. “The potential of an economically viable resource in the tailings pond will be an important milestone in our development of the Reforma mine site.
Mr. John Thornton, S.A.I.M.M., a Qualified Person (QP) as defined by NI 43-101 has approved the geological content of this Press Release.
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 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 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide.
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.
Exploration Program on the Toni Property to Commence
Vancouver, BC – Victory Resources Corp (Symbol VR-TSXV) (the “Company”) is pleased to announce an initial exploration program on the Company’s 100% owned Toni property located in British Columbia, Canada. The first stage of the exploration program would be an airborne ZTEM survey that will cover the Toni property, the historically known mineral porphyry deposits, and the potential mineral prospects in the area.
The resulting ZTEM data is closely related to resistivity/conductivity mapping of the subsurface and will provide excellent resistivity discrimination and detection of weak anomalies to an exploration depth of over 2,000 meters. The ZTEM survey could also provide geological information as to the depth and extension of the WEN mineral prospect located within the western portion of the Toni property and which was initially explored in the early 1990’s by three adits driven on a high grade copper zone extending over 150 meters in length and over a 75 meters in elevation.
The Toni property 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 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide. The region has had considerable exploration, development, and production since the early 1900’s and has again become a focus of exploration; most recently with the option by Xstrata (formerly Falconbridge Limited) of the Big Kidd property which is located three kilometers west of the Toni property.
“We are very pleased to begin the exploration program at the Toni property and to have two ongoing mining exploration projects for our company,” stated Wally Boguski, President/CEO, “our Toni property in British Columbia, Canada and our La Reforma property in Mexico are both located in known geological areas that have attracted a lot of industry activity. We feel very fortunate to offer shareholders the potential development of these mining properties.”
Stock Options
The company has granted 300,000 stock options to directors, officers and consultants under the company’s stock option plan. The options may be exercised at a price of $0.45 cents for up to five years, subject to vesting restrictions and percentage limits imposed by regulatory requirements or the plan, as applicable.
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. Formally 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.
Mr. Laurence Sookochoff, 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.
Victory Resources Corp. Joins OTCQX
NEW YORK, March 19, 2012 /PRNewswire via COMTEX/ — OTC Markets Group Inc. (otcqx:OTCM), the company that operates theworld’s largest electronic marketplace for OTC-traded equities, announced that Victory Resources Corp. (otcqx:VRCFF)(tsx.v:VR), a Canadian based junior mineral exploration company, is now trading on the highest tier of the OTC market, OTCQX®.
Victory Resources began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com .
“The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Victory Resources to OTCQX.”
Kenneth I. Denos, P.C. will serve as Victory Resources’ Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Victory Resources Corp.
Victory Resources Corp. (otcqx:VRCFF)(tsx.v:VR) trades in the United States on OTCQX under the symbol “VRCFF”, and in Canada on the TSX Venture under the symbol “VR”. Victory Resources Corporation, a junior mineral exploration company together with its subsidiaries, engages in the exploration and development of mineral properties in Sinaloa, Mexico and British Columbia, Canada . It has an option to acquire a 70% undivided interest in the Reforma Mine property, which covers an area of 6,987 hectare land package located in Sinaloa and holds 100% interests in property consisting of approximately 65 claims covering a total of 25,423 hectares in the Nicola Mining Division, British Columbia.
About OTC Markets Group Inc.
OTC Markets Group Inc. (otcqx:OTCM) operates the world’s largest OTC marketplace for equity securities. Our OTC Link® trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. We organize the marketplace by categorizing the wide spectrum of OTC-traded companies into three tiers: OTCQX – The Intelligent Marketplace for the Best OTC Companies; OTCQB® – The Venture Marketplace; and OTC Pink® – The Open Marketplace. Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent, and Connected marketplace, visit www.otcmarkets.com .
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SOURCE OTC Markets Group
Victory Resources Corporation – Historical Tailings Hold Significant Value
VANCOUVER, BC – VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce that it has received assay results of preliminary sampling of material from the old tailings pond from the La Reforma mine located north of Choix, Sinaloa State, Mexico. The method of sampling the results are shown in Table 1.
Due to the 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 will evaluate the old tailings deposit to determine the feasibility of re-processing the material. The evaluation will include mineralogical and metallurgical studies. A grid-controlled detailed sampling on 10-metre centres using a sand-coring tool will commence upon completion of a topographic survey. The tailings deposit is loosely consolidated and would require only light equipment such as backhoes and front end loaders for material handling.
“We are very encouraged about the assay results from the old tailings pond and we look forward to confirmatory testing,” stated Wally Boguski, president and CEO. “The low cost and speed that this material can be processed has the potential to add significant value in the near term.”
The company has granted 1,241,560 stock options to directors, officers and consultants under the company’s stock option plan. The options may be exercised at a price of $0.45 cents for up to five years, subject to vesting restrictions and percentage limits imposed by regulatory requirements or the plan, as applicable.
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. Formally 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.
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
Victory Resources Corp. Establishes Advisory Board and Appoints Tim Hawthorne
Victory Resources Corporation (the “Company”) is pleased to announce that it has established a geological Advisory Board and that it has appointed Tim Hawthorne, P. Eng. as the first member.
Tim Hawthorne has over 40 years’ experience in several of the world’s largest mining operations including senior level positions with major projects that include Cananea Copper, Homestake Mining, Kennecott Copper, Magma Copper, and Olympic Dam. Tim Hawthorne established Hawthorne Engineering, Inc. in 1998 which became a leader in new mining and reclamation project consulting. Prior to this, Tim held senior management positions at Bateman Engineering which included work in the same region as the Reforma mine.
“The establishment of the Advisory Board and the addition of Tim Hawthorne are important corporate events as Victory Resources looks forward to completing the current drill program and to plan the next phase of development,” stated Wally Boguski, President and CEO. “The combination of John Thornton, V.P. Project and Development and Tim Hawthorne already places Victory Resources as having a world class geology and mining team.”
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.
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.
Drill Results – Victory Resources Corporation
Victory Resources Corp (TSXV: VR) (the “Company”) announces the results of the third hole, RDH 08 in the 2nd stage diamond drilling program of Victory Resources Corp. in their optioned La Reforma property northeast of Choix, Sinaloa State as shown in the table below.
RDH 08 Assay Results
| Sample ID | From (m) | To (m) | Interval (m) | Au (g/mt) | Ag (g/mt) | Cu % | Zn % | Pb % | ||||||
| 635002 | 34.24 | 36.72 | 2.48 | 0.037 | 75.4 | 0.87 | 6.96 | 3.5 | ||||||
| 635003 | 36.72 | 39.26 | 2.54 | 0.013 | 13.2 | 0.09 | 1.39 | 0.62 | ||||||
| 635004 | 39.26 | 40.11 | 0.85 | <0.005 | <0.5 | 0.04 | 0.07 | 0.01 | ||||||
| 635005 | 40.11 | 43.09 | 2.98 | 0.021 | 35.3 | 0.13 | 1.32 | 0.27 | ||||||
| 635006 | 43.09 | 46.07 | 2.98 | 0.008 | 14.1 | 0.07 | 1.49 | 0.62 | ||||||
| 140697 | 136.85 | 139.85 | 3.00 | 0.012 | 4.2 | 0.02 | 0.28 | 0.03 | ||||||
| 140698 | 139.85 | 142.85 | 3.00 | 0.016 | 3.4 | 0.02 | 0.07 | 0.03 | ||||||
| 140699 | 142.85 | 146.23 | 3.48 | 0.024 | 3.1 | 0.12 | 0.21 | 0.06 | ||||||
| 140700 | 146.23 | 149.00 | 2.77 | 0.122 | 47.7 | 2.05 | 0.19 | 0.03 | ||||||
| 635001 | 149.00 | 151.79 | 2.79 | 0.09 | 26 | 1.54 | 0.05 | 0.01 | ||||||
There are two mineralized intervals in drill hole RDH 08, the deeper part of which intersected significant silver and copper values from 146.23m to 151.79m. These intersections appear to indicate a down dip extension of 200 metres of the main La Reforma vein below the 580m Level. The shallower mineralized sections from 34.24m to 46.07m intersected significant silver, lead and zinc values over intervals of 2.48m and 2.98m. These shallower sections appear associated with similar results in previous drilling by Penoles, particularly drill hole SCR 278. The immediate area around the Penoles drill hole SCR 278 appears prospective for near-surface mineralisation and shall be investigated in detail when drilling resumes early in 2012.
The current drill program continues to verify geological extensions of the main La Reforma structure. To date, some 500m of strike length and 200m of down dip extension has been inferred. Underground diamond drilling is being contemplated to augment the current surface drilling program as well as to accelerate the definition of extensions of the main La Reforma vein system.
The La Reforma Property was operated by Penoles Industries SA de CV between the years 1968 to 1980. During this period of lower metal prices, the La Reforma mine processed 1.8 million tons of complex ore grading an average of 91.62 grams per ton Ag, 1.90%, Pb, 7.44% Zn and 0.63% Cu. “The main objective of the current exploration program is to define a mineral resource of substantial scale to justify a preliminary economic assessment,” stated Wally Boguski, President and CEO, “We are very encouraged that the results from the 2nd stage drill program continue to demonstrate highly anomalous results.”
About Victory Resources Corporation
The company’s main focus is on the La 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 La Reforma property as part of an option agreement. Formerly owned by Penoles inMexico, documentation showed that between the years 1968 to 1980, the La Reforma mine processed 1.8 million tons 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.
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.
C206 – 9801 King George Hwy, Surrey, BC, V3T 5H5
Tel: 604*580-9605 Fax 604*585-9606
www.victoryresourcescorp.com
Results of Annual General Meeting
VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce the results of the annual general meeting (the “Meeting”) of shareholders that was held on December 8, 2011 .
At the Meeting, Company shareholders re-elected as directors Messrs. Wally Boguski, Laurence Sookochoff, Paul Lee and Alphonse Ruggiero. BDO Dunwoody LLP, Chartered Accountants, was re-appointed as the auditor.
Mr. Boguski was reappointed as Chief Executive Officer and President and Mr. Sookochoff was appointed as the Chief Financial Officer and Secretary. The Company’s Audit Committee is comprised of Messrs. Sookochoff, Ruggiero and Lee.
The Company’s stock option plan was renewed by shareholders.
The Board of Directors stated, “We are encouraged by the unusually high percentage of shareholder votes cast at the meeting and the almost unanimous endorsement received by management. Our shared vision is that that the drilling and other exploration taking place at Reforma will continue to bring success to the Company and its shareholders; we believe that the Company is well positioned to achieve this goal.”
At this time on behalf of our Board of Directors, Management Teams, and Staff we would like to wish all our shareholders a Merry Christmas , a Happy New Year, and a Happy Holiday season.
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.
On behalf of The Board of Directors of Victory Resources Corporation.
Wally E. Boguski, President, CEO, 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
