Victory Carries Out Geochemical Survey on PDL Property, Keremeos, BC
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 13, 2014) - Victory Ventures Inc. (TSX VENTURE:VVN)(FRANKFURT:VV0) (the "Company") reports that a recent geochemical soil survey has been carried out at the PDL Property, Astro alteration zone, located in the Keremeos-Olalla region of southern British Columbia (see location map on Victory website).
Two soil sampling lines were established by a two-person geological crew to cover the approximate north-south trend of the Astro alteration zone, last tested by QPX Minerals Inc. in the late 1980's through programs of geophysics (Mag, VLF-EM), trenching and several shallow reverse circulation drill holes.
The two soil lines were established from east to west with the lines lying approximately 200 meters apart. Soil samples were taken every 20 metres along the lines. Line 3N was carried out in the vicinity of the trenching work done by QPX in 1988, while Line 1N was carried out 200 meters south of Line 3N, at the base of steep bluffs that host the main alteration zone. A proposed Line 2N was not carried out due to the lack of soil development on the steep rocky bluffs located between Line 1N and Line 3N
The soil sampling survey consisted of a total of 23 samples, with the survey considered to be of a reconnaissance nature, to test for indicator minerals that may suggest the presence of an epithermal mineralizing system. To date, only minor random soil sampling has been carried out around the Astro Zone.
The soil samples have been submitted to an accredited lab in Vancouver and results should be received by the Company within two to three weeks.
Although the past exploration work at the Astro alteration zone has yet to locate economic grades of mineralization, the limited work programs have substantiated the presence of prospective argillic-silica alteration with associated anomalous gold and silver. The surface alteration of volcanic rocks at the Astro zone possibly represents an upper level portion of an epithermal gold system. The depth potential of a deeper seated and possibly better mineralized portion of the epithermal system has never been tested.
It is the Company's intention to carry out further exploration on the PDL-Astro Zone to test the depth potential of the Zone both through IP surveys and diamond drilling.
For more background information related to previous exploration in and around the current PDL Property, please refer to the Company's News Release of May 6, 2014.
Director Howard Milne stated, "The Company is excited to begin exploration work on this prospective mineral target that has seen very limited exploration in the past and looks forward to a possible new mineral discovery."
Qualified Person
Mr. Greg Thomson, P.Geo. is the Qualified Person as defined by National Instrument 43-101. Mr. Thomson is a director for the Company and has reviewed and approved the technical information contained in this news release.
On behalf of the Board of Directors:
Howard Milne, Director
Victory Ventures Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of precious metal properties in North America. The Company's shares are listed and posted for trading on the TSX Venture Exchange under the symbol "VVN" and on the Frankfurt Exchange under the symbol "VV0".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
