Drill Operations For The Loner Property in Nevada
VANCOUVER, BC - Victory Resources Corporation reported that Victory has finalized its planned drill program and signed a contract for the work to begin upon finalization of permit. The planned program is for 7 to 10 diamond drill holes totaling 500m. The drilling is to accomplish two goals. Firstly, it is intended to better characterize the mineralization exposed in the known workings, which are mostly inaccessible. Secondly, drilling is intended to evaluate the 200m to 300m wide zone of anomalous soils identified by Silver Range Resources through principal component analysis. Specifically, drilling will focus on the area of Au in soil anomalies to the south and east of the main workings, though other areas will be evaluated as well.
Drill Program Highlights: Loner drill program planned for 7 - 10 diamond drill holes totaling approximately 500m; Goals are to: Better characterize mineralization in known workings; and Evaluate geological concept that there may be additional mineralization beyond that exposed in historical workings.
"As previously noted, Loner is a promising property. Our efforts have been extensive since acquiring the option in December and with this announcement our team is in place and prepared to accelerate exploration activities with the launch of our 2021 work program once the permit is received," said David Deering, VP Exploration. "Loner gives Victory year-round exploration access in a zone within Nevada that is in the vicinity of Goldbanks, an area where Barrick, Kinross and Premier have interests."
The project geologist and the driller did a reconnaissance of the Loner site and determined that the access was adequate to mobilize the drill onto the site. The options for supplying the drill with water were assessed, along with possible staging locations and other logistical concerns. The driller felt the rock would be reasonably good to drill. Overall, no serious difficulties were seen, though winter weather is always a concern.