Victory Acquires 100% Interest in Saguenay Nickel Project
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY ACQUIRES 100% INTEREST IN SAGUENAY NICKEL
PROJECT
● Property consists of 5 claims totalling 286.32 ha, approximately 10 km south of
Saguenay, Quebec
● Presence of ore grade Nickel – Copper samples at surface and in drill core
● Historic grab sample returned up to 3.41% Ni, 1.14% Cu, 1.2 ppm Ag and 0.13%
Co
VANCOUVER, BC, CANADA (April 27th, 2022) – Victory Resources Corporation (CSE: VR)
(FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that the
Company’s has acquired 100% interest in the Saguenay Nickel Project in Quebec, a property with
historic Nickel and Copper grab sample and drilling results.
“We are excited to add this property to the Victory portfolio, noting that our team has analyzed the
historical grab sample and drill results, along with the overall Saguenay Gneiss Complex, and are
very encouraged about the prospects for this acquisition,” said Mr. Mark Ireton, Victory Resources
President and CEO.
The claims are located approximately 10 km to the south of the town of Saguenay. The property
is made up of 5 claims totalling 286.32 ha. It is underlain by mafic to ultramafic rocks enclosed in
the Saguenay gneissic complex. A historic grab sample returned up to 3.41% Ni, 1.14% Cu, 1.2
ppm Ag and 0.13% Co. In 1959, 4 out of 7 holes drilled, on Victory Resources ground intersected
gabbroic and peridotite rocks, hole number 4 returned 4 feet of 1.06% Nickel, and 0.21% copper,
hole # 3intersected 10 feet averaging 0.49% Nickel and 0.03% copper, hole # 2 intersected 13
feet averaging 0.22% Nickel and 0.04% copper, and a fourth hole, the number 1 inter sected 12
feet averaging 0.23% nickel and 0.06% copper and 3 feet averaging 0.38% nickel and 0.11%
copper.
The four holes were drilled northwards to the outcrop area, with hole 4 intersecting zone as
mapped in the historical report GM 08808.
The Saguenay Gneiss Complex has abundant mafic and ultramafic rocks and anorthosites, which
are commonly associated with Ni -Cu-PGE sulfide deposits (e.g., Voisey’s Bay, Labrador;
Thompson, Manitoba). The presence of ore grade Ni-Cu samples at surface and in dr ill core on
this property, and the absence of modern exploration is highly encouraging . A work plan for the
2022 field season will focus on detailed geological mapping, bedrock and till sampling across the
property, to determine the scope of advanced exploration, and a potential drill program.
Terms of the Agreement for 100% are $10,000 and 2.5 million common shares payable on
Regulatory and Exchange approval.
Donald Théberge, P.Eng., M.B.A., an independent qualified person as defined in National
Instrument 43-101, has reviewed, and approved the technical contents of this news release on
behalf of the Company.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
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) accepts responsibili ty 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, jo int-
ventures and strategic alliances and co -operations, budgets, cost and plans and objectives of or involving
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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 r isks 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
preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward -
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securities laws.