Victory Initiates IP Survey ON Its Mal-Wen Property
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY INITIATES IP SURVEY ON ITS MAL-WEN PROPERTY
PRELIMINARY RESULTS INDICATE THAT THERE IS A SIGNIFICANT CHARGEABILITY
ANOMALY TO THE EAST OF THE MAL PROSPECT
VANCOUVER, BC, CANADA (November 30, 2021) – Victory Resources Corporation (CSE:
VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that
the Company has initiated an extensive IP survey its Mal -Wen project, located in south -central
British Columbia, within the eastern belt of the Nicola Group.
The 45 km IP survey is currently underway, covering the Mal to Wen Zones of the Property. Once
the survey is completed an inversion of the data will be done to refine the drill targets. Only the
very northern part of this area has been covered by previous IP surveys (i.e. the area of the east
Mal IP anomaly). Victory's exploration model envisions the Mal and Wen Prospects as peripheral
expressions of a larger mineralized system.
Mal-Wen Exploration Update
• The Mal-Wen Property consists of 7 mineral claims with a total area of 1205.97 hectares
that is located about 30 km southeast of Merritt in south-central British Columbia
• The Mal-Wen Property is within the eastern belt of the Nicola Group, in south-central
BC, which hosts numerous alkalic porphyry deposits, including the presently producing
New Afton Mine and past producers Ajax and Copper Mountain
• A GDD Rx8 receiver and GDD TxII transmitter is being used for the IP survey. Readings
will be taken in the time domain using a 2 second pulse. The survey will be performed
with the pole dipole array with an "a" spacing of 100 m and "n" separations of 1-6 (100/1-
6).
• The Mal and Wen Prospects may be peripheral expressions of a larger mineralized
system that is mostly covered by overburden. Only the very northern part of this area
has been covered by previous IP surveys (i.e., the area of the east Mal IP anomaly). An
IP survey is proposed over the area between the Mal and Wen Prospects. Targets
generated by the IP survey would then be drilled.
Preliminary results to indicate that there is a significant chargeability anomaly to the east of the
Mal Prospect. It extends for at least 600 m N to S and coincides with the IP anomaly identified in
the 1968 IP survey by Consolidated Skeena Mines Ltd. The chargeability anomaly coincides with
a zone of elevated resitivity and is similar in nature, though larger and stronger, than the more
subtle chargeability/resistivity anomalies seen in the area of the Mal Prospect.
Once the sur vey has been completed and an inversion done on the data, drill sites will be
proposed targeting this significant and previously untested IP anomaly.
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. Th e 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.
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