Gold Drilling Program Positioned To Begin On Promising Nevada Property

NEW YORK, NY - Victory Resources Corp. recently added additional funding to its coffers, which will be used, in part, to begin its first drilling program on the Loner Property in Nevada.  It’s a property that the company only recently optioned from Silver Range Resources in late December, and since optioning the property, Victory Resources has moved quickly to take full advantage of its exploration opportunities there with a carefully laid out 500-meter short hole drilling program.

The company’s planned drilling program is expected to begin next month (March 2021), weather permitting, now that Victory Resources has received the much-anticipated drilling permit for the project from the Nevada State Office of the Bureau of Land Management giving Victory Resources the go-ahead.

Director and VP of Exploration, David R. Deering, said, “The first pass drilling program at the Loner Property will consist of 7 to 10 diamond drill holes totaling 500 meters, and it will be used to confirm intersections of gold-bearing quartz veins that correlate with historical underground mining and mapped surficial gold occurrences. Additionally, the initial drilling program will evaluate the 200 to 300-meter-wide zone of anomalous soils identified by Silver Range Resources through principal component analysis.  Specifically, the company says that its drilling operations will focus on the area of gold-in-soil anomalies to the south and east of the main workings; however, the Company expects to evaluate other areas as well. The company anticipates that the drill program will demonstrate broader mineralization across the width and depth of the occurrence which remains open in all directions.  Previous reports state that the strong gold and arsenic geochemical anomalies are coincident with the exposed mineralization and historic workings. This indicates that the drill program may define the anomalies more extensively throughout the target area. This first pass drilling work will evaluate the best and most productive way to continue bringing the project forward over the coming year.”