Victory Receives Drill Permit FOR Loner Property IN Nevada
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY RECEIVES DRILL PERMIT FOR LONER PROPERTY IN NEVADA
COMPANY ADVANCES TOWARD 500m SHORT-HOLE DRILL PROGRAM
VANCOUVER, BC, CANADA (February 25th, 2021) – Victory Resources Corporation (CSE:
VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that
the Bureau of Land Management (BLM), Nevada State Office (NSO) has received and
approved surface reclamation bond NVN100216 for the Loner Property Project, located in North
Central Nevada, permitting the Company’s 500m short hole drill program.
“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” stated Mr. David R.
Deering, P.Eng., VP Exploration, and a Director of Victory Resources.
Highlights:
• Victory has received the drilling permit for the Loner Property
• First pass drilling program aims to confirm intersections of gold -bearing quartz vein with
historical workings
• Victory exploration team is in final stages of preparation to begin 500m short -hole drill
program
• Drill activities are planned to commence in March 2021, subject to weather conditions
As previously reported, the strong gold and arsenic geochemical anomalies ar e coincident with
the exposed mineralization and historic workings. “This indicates that the drill program may
define the anomalies more extensively through-out the target area“ said Deering. “This first pass
drilling work will evaluate the best and most p roductive way to continue bringing the project
forward over the coming year”
Mr. 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-
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
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.
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) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
Certain information set forth in this news relea se 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
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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 e xpressed 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 c onditions, 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 su ch, 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.