Victory Ventures (VVN-V) is pleased to report that a drill program has commenced on the first hole at the Copau Property in the Iskut District of B.C.
June 3rd, 2013 - News Release
Victory Ventures is pleased to report that a drill program has commenced on the first hole at the Copau Property in the Iskut District of B.C.The director and Qualified Person, Greg Thomson, and President and CEO, Dennis Vigouret, are in attendance at the drill site.
The Property has been permitted for up to five diamond drill holes, to be drilled from existing road access. Drill holes will be drilled to depths of between 400 meters and 500 meters to test the full potential of the depth-strengthening IP chargeability anomalies on the surveyed grid portion of the property.
The drill program will test a prospective IP chargeability anomaly, as discovered by survey work carried out by Frontier Geosciences Inc. in 2012. A chargeability anomaly, increasing in strength with depth, was detected at 155 m to 455 m depth against a background of overall lower resistivities. Between 205 metres to 455 metres chargeabilty measurements varied from 20ms to 40ms (milliseconds) at 205 metres depth, increasing to 70ms to 100ms at 455 metres depth.
The newly defined deep IP chargeability anomaly forms a pattern similar to the chargeability anomalies identified at Red Chris, 11.5 kilometers to the southwest, where the bulk of the mineralization is hosted in the deeper, stronger southern chargeability anomaly.
The Company has granted incentive stock options to directors, officers and consultants to purchase an aggregate of 1,000,000 common shares at $0.15 per share for a five year period. |
