Victory Completes Short Hole Drill Program at Loner Property
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY COMPLETES SHORT HOLE DRILL PROGRAM AT LONER PROPERTY
10 Holes Totalling 496 Metres Drilled, Core Samples Assembled and Submitted for Analysis
towards Confirming Larger Gold Bearing System
VANCOUVER, BC, CANADA (May 19th, 2021) – Victory Resources Corporation (CSE: VR)
(FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that its
exploration team has completed its short hole drill program on the Loner Property in Nevada.
As previously outlined, the drill program was designed to accomplish two goals. First, it was
intended to better characterize the mineralization exposed in the known workings. Second,
drilling was intended to evaluate the 200m to 300m wide zone of anomalous soils identified by
Silver Range Resources through principal component analysis. Specifically, drilling focused on
the area of Au in soil anomalies to the south and east of the main workings, and other areas
were evaluated as well.
Loner Drill Program Details and Observations:
• Victory has completed a 10 -hole, 496 metre drill program at the Loner Property , core
samples have been assembled and submitted to ALS for analysis
• The main purpose of the drilling was to test a gold in soil anomaly east of the southern
workings
• Drilling in that area encountered several zones of intensely altered (bleached and
limonitic) granite cut by frequent quartz and/or limonite veinlets. Intersections of this style
of alteration up to 5.9 m (within a 10.7 m etre zone of less intense alteration and veining)
were observed in drill core
• The preliminary interpretation is that these are sub horizontal zones of faulting and
brecciation that are associated with the steeply dipping gold bearing zones seen in the
workings - assays are pending
If the assays indicate that these zones are gold bearing, it supports the hypothesis that the
narrow steeply dippi ng zones described in the literature at the Loner are part of a larger gold
bearing system. In this case, an expansion of the soil grid, trenching and more drilling would be
recommended.
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
“From the time we optioned Loner in late December till now, the Victory team has accomplished
a tremendous amount of work and we look forward to the assay results from this drill program ,
which will guide our next steps,” said Mr. David Deering, VP Exploration. “Loner is located in an
area within Nevada that is in the vi cinity of Goldbanks, an area where Barrick, Kinross and
Premier have interests , and we have added to our portfolio in the area by staking the Black
Diablo property, which we will be advancing in the near future.”
Scientific and technical information conta ined in this press release was reviewed and approved
by Mr. Helgi Sigurgeirson, Victory Geologist, and a "qualified person" under NI 43-101.
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 P roperty from Silver Range Resources (TSX -V:
SNG) (“Silver Range”) as announced on 23 December 2020.
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 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 -
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Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
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
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