Drill Operations Set to Initiate Loner Property IN Nevada
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
DRILL OPERATIONS SET TO INITIATE LONER PROPERTY IN NEVADA
CREW AND EQUIPMENT MOBILIZED FOR 500M SHORT-HOLE DRILL PROGRAM
VANCOUVER, BC, CANADA ( March 10th, 2021) – Victory Resources Corporation (CSE:
VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that
the Company is set to initiate its recently permitted 500m short hole drill program on the Loner
Property in Nevada.
Victory Resources is currently mobilizing its crew and equipment to the Loner Property to begin
a 500m drill program. The geologist will be on site spotting holes and surveying sections
beginning March 10th. It is expected the drill will be readied for drilling on the property the week
of March 15th. Barring weather related delays, the drilling should be completed around mid-
April.
The first pass drilling program at Loner Property is intended to confirm intersections of gold -
bearing quartz vein that correlates with historical underground mining and mapped surficial gold
occurrences. It is anticipated the drill program will demonstra te broader mineralization across
the width and depth of the occurrence which remains open in all directions.
Mr. David Deering is the Qualified Person for the Company’s projects as defined by National
Instrument 43-101 and has approved the technical disclosure contained in this news release.
About the Loner Property:
The Loner Property is located 35 km south of Winnemucca in the southern Sonoma Range and
currently consists of 16 Federal Lode Claims covering historic workings and exposed low-
sulphidation gold mineralization. Recent exploration in the area includes the Goldbanks
Project, an epithermal gold project about 12 miles to the south, and the Coronado VMS Project,
which has been exploring for Cu on a property about 6 miles to the southeast of the Loner
Property. The area of the Loner Property is prospective for both these styles of mineralization.
Victory Resources has optioned the Loner Property from Silver Range Resources (TSX-V:
SNG) (“Silver Range”) as announced on 23 December 2020.
The Company also announced that 492,000 options have been recently cancelled with the
consent of the holders, as they were no longer serving their purpose in aligning the interest of
the holders with those of shareholders.
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For further information, please contact:
David Lane, President
Telephone: +1 (236) 317 2822
E-mail: [email protected]
About Victory Resources Corporation
VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded diversified investment
corporation with mineral interests in North America. The company is also actively seeking other
exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) a ccepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward -looking statements that involve
substantial known and unknown risks and uncertainties. All statements other than statements of historical
fact are forward -looking statements, including, without limitation, statements regarding future financial
position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint -
ventures and strategic alliances and co -operations, budgets, cost and plans and objectives of or involving
the Company. Such forward -looking information reflects management's current beliefs and is based on
information currently available to management. Often, but not always, forward -looking statements can be
identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations
(including negative variations) of such words and phrases or may be identified by st atements to the effect
that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A
number of known and unknown risks, uncertainties and other factors may cause the actual results or
performance to materially differ from any future results or performance expressed or implied by the
forward-looking information. These forward -looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the Company including, but not limited to, the
impact of general economic conditions, industry conditions and dependence upon regulatory approvals.
Readers are cautioned that the assumptions used in the preparation of such information, although
considered reasonable at the time of p reparation, may prove to be imprecise and, as such, undue
reliance should not be placed on forward -looking statements. The Company does not assume any
obligation to update or revise its forward -looking statements, whether as a result of new information,
future events, or otherwise, except as required by securities laws.