Victory Completes Site Preparations FOR Drilling the Loner, Nevada Property
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
VICTORY COMPLETES SITE PREPARATIONS FOR DRILLING THE
LONER, NEVADA PROPERTY
ACCESS, DRILL SITES, EQUIPMENT AND TEAM IN PLACE TO COMMENCE DRILLING
VANCOUVER, BC, CANADA (April 5th, 2021) – Victory Resources Corporation (CSE: VR)
(FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that its
exploration team, led by David Deering, VP of Exploration, have completed site preparations for
the Company’s short hole drill program on the Loner Property in Nevada , which the Company
optioned from Silver Range Resources in December 2020.
Minor road repairs and diamond drill site preparations have been completed at the Loner
Property. The site is ready to start a 7-10 short-hole diamond drill program to test the historically
mined vein area and investigate wall rock mineralization.
Highlights
• Victory exploration team has completed site preparations for Loner Drilling Program
• The diamond drill rig is mobilized and drilling will commence, subject to weather
conditions, on the Loner Property early this month
• Short hole 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
“We are excited to advance the short hole drill program on the Loner Property,” said Mr.
Deering. “The weather trend is improving and work on access to the site is now complete
allowing our team to ready all other aspects of the drilling program which we developed and
advanced sequentially over the last three months.”
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 demonstrate broader mineralization across
the width and depth of the occurrence which remains open in all directions.
As previously reported, the strong gold and arsenic geochemical anomalies are coincident with
the exposed mineralization and historic workings. It is anticipated that the drill program may
define the anomalies more extensively through -out the tar get area. This first pass drilling work
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
will evaluate the best and most productive way to advance the project in the most targeted
fashion.
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.
Scientific and technical information contained in this press release was reviewed and approved
by Mr. Helgi Sigurgeirson, Victory Geologist, and a "qualified person" under NI 43-101.
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 state ments 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. Oft en, but not always, forward -looking statements can be
identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled",
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(including negative variations) of such words and phrases or may be identified by statements 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
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
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 use d 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 -looking statements. The Company does not assume any
obligation to up date or revise its forward -looking statements, whether as a result of new information,
future events, or otherwise, except as required by securities laws.