Company Highlights
- Flagship Hammond Reef South property located in Ontario has returned anomalous grab samples between 0.18 and 4.75 g/t gold.
- Hammond Reef South is three kilometers south of the Hammond Reef Deposit, home to a measured and indicated resource of 208 million tonnes at .67 g/t gold.
- Mal-Wen property comprises six land claims totaling 1,143.58 hectares that are 100 percent owned by Victory Resources.
- Exploration at Mal-Wen has shown mineralization that includes copper-gold veins, copper skarn, stockwork mineralization, and hydrothermal breccias.
- Mal-Wen prospect vein has returned locally high grades including up to 16.6 g/t gold.
- Victory Resources acquired 100 percent interest in the Saguenay Nickel Project in Quebec, a project located approximately 10 kilometers south of the town of Saguenay.
- The Saguenay project comprises 286.32 hectares, where historic grab samples showed 3.41 percent nickel, 1.14 percent copper, 1.2 ppm of silver, and 0.13 percent of cobalt.
- Victory Resources recently acquired 100 percent interest in the Georgia Lake Lithium Project, located in Ontario. The area has a proven track record of economic lithium deposits dating back to the mid 1950s. R
- Ontario, British Columbia, and Quebec are safe and stable mining jurisdictions that offer the potential for year-round exploration.
- Victory Resources acquired Stingray II properties in Quebec composed of 40 claims totalling 2,041 hectares
Overview
Victory Resources (CSE:VR) is an international mining company working to grow a portfolio of gold, silver, and precious metals opportunities. The company is currently developing a pair of projects located in safe and stable mining jurisdictions in Canada, including its flagship Hammond Reef South project, located in Ontario. As part of its acquisition strategy, Victory Resources is focused on identifying and acquiring projects that are conducive to mining and benefit from both existing infrastructure and government support. Both the company’s flagship Hammond Reef South project and its Mal-Wen gold project also offer the potential for year-round exploration and development.
The Hammond Reef South project adjoins Agnico Eagle Mines’ (TSX:AEM,NYSE:AEM) Hammond Reef property and is located only three kilometers south of the Hammond Reef Deposit. This deposit represents a large and low-grade gold deposit that hosts open-pit measured and indicated mineral resources estimated at 208 million tonnes grading 0.67 g/t gold.
Victory Resources believes there is the possibility that Hammond Reef South could contain extensions of the Hammond Reef zone or similar structures. The company has begun an exploration program at Hammond Reef South that is expected to include prospecting and mapping of anomalous trends previously identified by Osisko Mining (TSX:OSK). The data from this exploration program is expected to help define further drill targets.
In addition to Victory Resources’ Hammond Reef South project, the company is also working to explore its Mal-Wen project, located centrally in Southern British Columbia. The Mal-Wen project comprises six land claims, totaling 1,143.58 hectares, that have shown various types of mineralization, including copper-gold veins, copper skarn, stockwork mineralization, and hydrothermal breccias.
In April 2022, Victory Resources acquired 100 percent interest in the Saguenay Nickel Project in Quebec, a project located approximately 10 kilometers south of the town of Saguenay. It comprises 286.32 hectares, where historic grab samples showed 3.41 percent nickel, 1.14 percent copper, 1.2 ppm of silver, and 0.13 percent of cobalt.
Victory Resources recently acquired 100 percent interest in the Georgia Lake Lithium Project, located in Ontario. The area has a proven track record of economic lithium deposits dating back to the mid 1950s. Rock Tech is building a lithium ore processing facility for custom milling in Thunder Bay, to be online in early 2024, which with Ontario Government support will support mineral processing.
Victory Resources has targeted projects in British Columbia, Ontario, and Quebec, due to the provinces’ friendly mining policies and the potential to conduct exploration year-round. According to the Fraser Institute’s 2021 Survey of Mining Companies, Ontario ranked as the 12th best jurisdiction in the world when it comes to investment attractiveness, while British Columbia was recognized as the 16th most favorable jurisdiction. Moving forward, Victory Resources intends to pursue strategic acquisitions that fit this profile, specifically those that allow for year-round exploration and development.
Victory Resources also recently staked the new Stingray I and acquired the new Stingray II properties in Quebec, adjacent to the Corvette lithium discoveries by Power Battery Metals (CSE:PMET). Stingray I is composed of four claims totalling 204 hectares from the south property line of Corvette Property while Stingray II is composed of 40 claims totalling 2,041 hectares.Company Highlights
- Flagship Hammond Reef South property located in Ontario has returned anomalous grab samples between 0.18 and 4.75 g/t gold.
- Hammond Reef South is three kilometers south of the Hammond Reef Deposit, home to a measured and indicated resource of 208 million tonnes at .67 g/t gold.
- Mal-Wen property comprises six land claims totaling 1,143.58 hectares that are 100 percent owned by Victory Resources.
- Exploration at Mal-Wen has shown mineralization that includes copper-gold veins, copper skarn, stockwork mineralization, and hydrothermal breccias.
- Mal-Wen prospect vein has returned locally high grades including up to 16.6 g/t gold.
- Victory Resources acquired 100 percent interest in the Saguenay Nickel Project in Quebec, a project located approximately 10 kilometers south of the town of Saguenay.
- The Saguenay project comprises 286.32 hectares, where historic grab samples showed 3.41 percent nickel, 1.14 percent copper, 1.2 ppm of silver, and 0.13 percent of cobalt.
- Victory Resources recently acquired 100 percent interest in the Georgia Lake Lithium Project, located in Ontario. The area has a proven track record of economic lithium deposits dating back to the mid 1950s. R
- Ontario, British Columbia, and Quebec are safe and stable mining jurisdictions that offer the potential for year-round exploration.
- Victory Resources acquired Stingray II properties in Quebec composed of 40 claims totalling 2,041 hectares