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Victory Metals Inc.
Summary
| Project: | Iron Point | |
|---|---|---|
| Deposit: | Iron Point | |
| Location: | United States | |
| Commodities: | Vanadium | |
| Date: | 2/18/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-2-2020: Victory Metals Inc. announces an Exploration/Drilling Update report for its Iron Point deposit at the Iron Point project. Drilling results incl. 156.5m @ 0.27% V2O5, 0.15% V from 22.5m. Vancouver, BC, Canada – February 18, 2020 – Victory Metals | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Calvin Herron (Not stated) | |
| ABSTRACT: | Vancouver, BC, Canada – February 18, 2020 – Victory Metals Inc. (“TSX-V:VMX”) (“Victory” or the “Company”) is pleased to announce assay results from the first set of holes completed during the 53 hole Phase II drilling program at its Iron Point vanadium project, Nevada. Today’s release includes thirteen reverse circulation and one HQ diamond drill holes that targeted the central portion of the Iron Point vanadium zone. These holes were recommended by Mine Development Associates (Sparks, NV) to in-fill gaps in last year’s Phase I drill pattern and test for deeper vanadium mineralization. The 14 drill holes released below are concentrated within the southern portion of the historically drilled vanadium mineralized zone (Figure 1) and consist of both vertical and angle holes. Eight of these holes are shown in two drill sections oriented in a northwest and northeast direction (Figures 2-3, Sections H-H’ and I-I’) crossing the southern half of the historical vanadium mineralized zone. Similar to the results achieved during the Phase I program last year, all of these holes demonstrate good lateral continuity and confirm the near surface, flat-lying nature of vanadium mineralization at the deposit scale. Furthermore, these Phase II holes extended mineralization to greater depths in areas where shallow Phase I drilling failed to fully penetrate the entire vanadium horizons. | |
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