Drill Permit Received For Loner Property

VANCOUVER - Victory Resources Corporation reported that the Bureau of Land Management (BLM), Nevada State Office (NSO) has received and approved surface reclamation bond NVN100216 for the Loner Property Project, located in North Central Nevada, permitting the Company's 500m short hole drill program.

"The first pass drilling program at Loner Property is intended to confirm intersections of gold-bearing quartz vein that correlates with historical underground mining and mapped surficial gold occurrences. It is anticipated the drill program will demonstrate broader mineralization across the width and depth of the occurrence which remains open in all directions,” said, David R. Deering, P.Eng., VP Exploration, and a Director.

Highlights: Victory has received the drilling permit for the Loner Property; First pass drilling program aims to confirm intersections of gold-bearing quartz vein with historical workings; Victory exploration team is in final stages of preparation to begin 500m short-hole drill program; and Drill activities are planned to commence in March 2021, subject to weather conditions.

Previously reported, the strong gold and arsenic geochemical anomalies are coincident with the exposed mineralization and historic workings.