Victory Ventures Confirms Gold-Silver Values at PDL Property- Astro Zone
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Vancouver, British Columbia--(Newsfile Corp. - May 5, 2015) - Victory Ventures Inc. (TSXV: VVN) (FSE: VV0) (the "Company") is pleased to present analytical results from its recent rock-sampling program at the Astro Zone, located on the east side of the Company's PDL mineral property, located north of Keremeos, BC.
Five rock samples were sampled from an area of outcrop exposures across an area of approximately 25 metres wide and down a slope exposure of approximately 20 metres. Sampling was carried out in this area of the Astro zone to test outcrop exposures exhibiting overall silicification with localized fine chalcedonic quartz veining.
The following table summarizes the results of the recent rock sampling on the Astro silicified zone:
SAMPLE NO. | Gold (ppb) | Silver (ppm) | Molybdenum (ppm) |
GT-01 | 902 (0.902 g/t) | 35.14 (35.14 g/t) | 289.61 (0.03%) |
GT-02 | 143 (0.143 g/t) | 18.61 (18.61 g/t) | 342.19 (0.034 %) |
GT-03 | 45 | 11.9 (11.9 g/t) | 217.45 (0.022 %) |
GT-04 | 10 | 0.52 | 31.39 |
GT-05 | 1523 (1.523 g/t) | 4.06 (4.06 g/t) | 55.19 |
The Company is pleased to be able to validate the previous QPX Minerals 1988 rock sampling results, in the current Astro zone sampling area. Although the recent sampling by the Company did not attempt to duplicate the same QPX sample locations, it did demonstrate the overall gold and silver bearing nature of the outcrop area. The 1988 QPX rock sampling program returned anomalous gold and silver values, with five samples respectively returning (gold ppb/silver ppm) of 185/11.1, 245/12.7, 1030/6, 175/34.1 and 330/0.6. As with the current sampling program by Victory Ventures, anomalous arsenic values were returned from the QPX sampling program, which is a characteristic feature of the upper levels of an epithermal gold system. The elevated molybdenum values that are also present at the Astro zone, can occur above the ore zone as well.
Examination of the analytical results indicate that the sub-class of epithermal style of mineralization present at the Astro zone is that of a Low-Sulphidation deposit form. In the case of the Astro zone, the main area of interest is that of a silicified core zone, likely related to a controlling fault structure and surrounded by well-defined outlying shells of strong argillic (clay) alteration of the volcanic host-rocks.
The results of the recent rock sampling program by the Company indicates that gold, silver and molybdenum are present in anomalous and prospective concentrations. The geochemical results from the recent rock sampling indicate that the surface of the Astro zone represents the upper levels of an epithermal gold system. Finding anomalous amounts of gold in a vein system that is clearly eroded to a level above that of the ore horizon is viewed as a good sign of the potential for high-grade gold at depth.
The gold potential at depth can best be validated by a program of diamond drilling. Current plans are underway by the Company to carry out further exploration of the Astro epithermal gold-silver zone.
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: | For more information please contact: |
Tel: (604) 377-8994 | |
"Howard Milne" | Email: hdmcap@shaw.ca |
President | Website: www.victoryventures.ca |
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.