Victory Resources shores up mining interests in North America, advances Loner Project in Nevada and Canadian assets

Actively investigating multiple gold, silver, and precious metals opportunities Has applied for permit to carry out IP survey at Mal-Wen project in British Columbia Victory’s Lac Simard Property in Quebec consists of 46 contiguous mining titles What Victory Resources does: Victory Resources Corporation (CSE:VR) (OTCMKTS:VRCFF) (FRA:VR62) is a publicly traded junior international mining corporation with interests in North America. The company is currently developing its existing projects including its recently optioned Loner property in Nevada adjacent to Goldbanks, its recently acquired properties, Hammond Reef South in Ontario adjoining Agnico Eagle’s Hammond Reef mine, and Lac Simard in Quebec within 20 kilometers of three operating gold mines including Agnico Eagle’s Goldex, Canadian Malartic mines and Eldorado Gold’s Lamaque mine. Victory Resources' other Canadian project is a copper target called The Mal-Wen, which comprises seven claims spanning an area of 1,205.97 hectares. Access is via logging roads off a main highway. It lies 30 kilometers south-east of the city of Merritt in the Nicola Valley in south-central British Columbia. The company is actively investigating multiple gold, silver and precious metals opportunities in regions that are conducive to mining due to the regulatory nature of the government with existing infrastructure. It is also looking for other copper opportunities as new resources decline, but demand ramps up. How is it doing: It has been a busy spell for Victory Resources at the start of 2021. In March, the company said it is currently mobilizing its crew and equipment to the Loner Property in Nevada to begin a 500-meter drill program and barring weather-related delays, drilling should be completed around mid-April this year. The geologist will be on-site spotting holes and surveying sections. This first pass program is aimed at confirming intersections of gold-bearing quartz vein that correlates with historical underground mining and mapped surficial gold occurrences. It is anticipated it will also demonstrate broader mineralization across the width and depth of the occurrence which remains open in all directions, the company said. The Loner Property in Nevada was optioned from Silver Range Resources in late December 2020. Since optioning the property, Victory Resources said it has moved quickly to take full advantage of its exploration opportunities. Meanwhile, Victory told investors in February that it has applied for a permit to carry out an induced polarization survey at its Mal-Wen project in British Columbia to be followed by a 1,000 metre plus drill program. Depending on when it receives the permit, the company aims to do the survey in late spring and drill the targets which are generated this summer. The IP study will examine the area between the Mal and the Wen prospects, which the company now believes could be a larger mineralized system. A program of mapping, sampling and prospecting late in 2020 focused on this area between the two prospects, as well as a re-examination of the Mal zone. The Mal-Wen project is within the eastern belt of the Nicola Group, in south-central British Columbia, which hosts numerous alkalic porphyry deposits, including the presently producing New Afton Mine and past producers Ajax and Copper Mountain. In September 2020, Victory said it had acquired the Lac Simard Property in Quebec from Archie Capital Inc in a cash and stock deal. The Vancouver-headquartered mining firm said the deal included five million shares at a deemed price of $0.115 and $25,000 cash. Victory Resources said its new property consists of 46 contiguous mining titles with a total area of 2,560 hectares. The Lac Simard property is road accessible and has a sturdy all-weather road. In September last year, the company kicked off the first phase of exploration at its newly optioned Hammond Reef South property in Ontario with 15 samples already sent to the lab for analysis. The work is being carried out by Clark Exploration of Thunder Bay and the first phase sees prospecting and mapping of anomalous trends identified by Osisko Mining to define drill targets. Significantly, the firm’s Hammond Reef South Project is about 3 kilometers south of mining major Agnico Eagle's Hammond Reef Deposit, a large, low grade, shear hosted gold deposit which has open-pit measured and indicated mineral resources estimated at 208 million tonnes grading 0.67 grams per ton gold. Victory has struck an option deal to acquire a 100% interest in the Hammond Reef South Project. Previous and current exploration is focused on the definition of gold trend similar to Agnico Eagle's Hammond Reef deposit. Inflection points: First drilling program on Loner Property in Nevada to build on promising results Receiving permit for IP survey and drilling at Mal Wen project in British Columbia More news from exploration at the company’s Hammond Reef South Property in Ontario What the boss says: In a statement, David Deering, Victory Resources director and VP of Exploration said: “Loner is a promising property. Our efforts have been extensive since acquiring the option in December, and our team is in place and prepared to accelerate exploration activities with the launch of our 2021 work program.” Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive