Linda Caron, P.Eng Returns to Pdl Property on Behalf of Victory Ventures Inc.
TSX VENTURE EXCHANGE: VVN FRANKFURT: VV0 APRIL 15, 2015
LINDA CARON, P.ENG RETURNS TO PDL PROPERTY ON BEHALF OF VICTORY VENTURES INC.
Victory Ventures Inc. (the “Company”) announces that on April 10, 2015, the PDL gold property, north of Keremeos, BC was revisited by geological consultants, to carry out a more detailed examination and rock sampling program on the Astro epithermal gold alteration zone.
Joining the property examination was geological consultant, Ms. Linda Caron, P.Eng., who was involved with several exploration programs on the earlier PDL property, while working for Minequest Exploration Associates Ltd., on behalf of QPX Minerals Inc. in the late 1980’s.
Ms. Caron is currently overseeing recent exploration and drilling programs at the Brett epithermal gold property near Vernon, BC. for Ximen Mining Corp. and has worked extensively in the Boundary district of Southern British Columbia and northern Washington. She is widely recognized for her knowledge of the geology and deposits in the area.
Upon her re‐visit to the Astro Zone after about 25 years, Ms. Caron was encouraged about the strength, size and character of the Astro alteration zone and was able to make favorable comparisons to other nearby gold deposits such as the Brett property near Vernon, BC, the Vault property near Okanagon Falls, BC and the former producing Cannon Mine at Wenatchee, Washington.
During the April 10th property visit, the silicified alteration portion of the Astro Zone, which measures approximately 25 meters wide, was resampled. The silicified zone, with local fine chalcedonic veinlets, is enveloped by a much wider zone of pervasive argillic (clay) alteration in the volcanic host rocks. Five outcrop rock samples were collected and will be assayed for gold along with other elements to determine a geochemical signature that will indicate at what level of the epithermal system is found at the surface of the Astro zone.
Several historical anomalous gold values to 1.03 g/t Au at the Astro zone are considered good indicators for stronger mineral potential at depth, where pressure and temperature conditions are more conducive for higher gold (+/‐ silver) concentrations. Essential to prospective epithermal style gold mineralization is the presence of significant fault structures and for the presence of geological layers having favorable porosity and permeability allowing for the mobility of mineralizing hydrothermal solutions. The PDL‐ Astro zone has indicated prospective fault structures as demonstrated by previously well‐defined linear geophysical anomalies that show coincident conductivity and magnetic lows. This geophysical signature suggests that magnetite in the volcanic rocks has undergone magnetite destruction through silicification, resulting in a favorable environment for gold mineralization. Also the Springbrook conglomerate unit occurs at depth at the Astro zone and could be a favorable porous host rock for the emplacement of mineralizing solutions, particularly where faulting is present to provide conduits for mineralizing solutions.
Although 5 short reverse circulation (non‐ drill core) drill holes were drilled at the Astro zone during the QPX Minerals exploration program in 1989, the holes did not adequately test the silicified portion of the ‐ 2 ‐
alteration zone. The drill holes only tested 50 meters of strike length of the alteration zone with holes drilled to shallow depths of only 35.0 to 62.5 meters. One drill hole (PDL‐89‐RC‐2) however, did contain anomalous gold values up to 705 ppb gold within a 12‐meter interval averaging 414 ppb gold. It is recommended that at least one diamond drill hole be carried out to test the breadth and depth of the Astro silicification zone, specifically to encounter the Springbrook conglomerate Formation and to cross the Springbrook Formation to its basal contact with the underlying Shoemaker Formation.
Results from the recent rock sampling will be presented once analytical results have been returned, while ongoing plans are underway for the 2015 continued exploration of the Astro epithermal gold 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: [email protected]
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.