Victory Resources Updates Nevada Exploration
DRAFT
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY RESOURCES UPDATES NEVADA EXPLORATION
Overall Strategy And Operational Plan Accelerates Toward Drill Operations On Loner
Property in Proximity to Goldbanks and Coronado VMS Projects
VANCOUVER, BC, CANADA ( February 12 th, 2021 ) – Victory Resources Corporation (CSE: VR)
(FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is providing a n update on the
advancement of the Company’s overall strategy and operational plan in Nevada.
Victory Resources Nevada Highlights
• Victory secures year-round Loner property in Nevada
• Company has put in place drilling operation for 500m short hole drill program pending permitting
• Permit process has advanced to final stages with posting of bond with Bureau of Land
Management (BLM) Nevada
• Exploration team continues to explore additional properties in the area with plans to stake
additional claims
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.
In preparation the Company has engaged drill operations for t he Loner property, which will begin to scale
up following the receipt of the permit. The Company has announced that it has now posted a bond with
the Nevada BLM and is in the final stages of the permitting process.
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.
For further information, please contact:
DRAFT
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
David Lane, President
Telephone: +1 (236) 317 2822
Toll Free (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
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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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number of known and unknown risks, uncertainties and other factors may cause the actual results or
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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 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
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.