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Victory Metals Inc.
Summary
| Project: | Iron Point | |
|---|---|---|
| Deposit: | Iron Point | |
| Location: | United States | |
| Commodities: | Vanadium | |
| Date: | 4/2/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-4-2020: Victory Metals Inc. announces an Exploration/Drilling Update report for its Iron Point deposit at the Iron Point project. Drilling results incl. 30m @ 0.42% V2O5 from 46.9m. VANCOUVER, April 2, 2020 /CNW/ - Victory Metals Inc. ("TSX-V: VMX") ("V | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Calvin Herron (Not stated) | |
| ABSTRACT: | VANCOUVER, April 2, 2020 /CNW/ - Victory Metals Inc. ("TSX-V: VMX") ("Victory" or the "Company") is pleased to announce assay results from the third and final set of drill holes as part of its 10,532 meter, 52 hole Phase II drilling program at the Iron Point Vanadium Project, Nevada. Today's release includes 27 holes (21 reverse circulation and 6 PQ diamond drill holes) targeting the southern portion of the Iron Point mineralized vanadium zone. These vertical and angle holes were recommended by Mine Development Associates (Sparks, NV) to better define the outer limits of mineralization and add definition to areas within last year's Phase I drill program where low hole density and/or insufficient depth penetration hindered accurate correlation of mineralized zones. With Phase II drilling completed the Company plans to initiate a maiden resource estimate. The collar locations of the 27 holes released today are shown in Figure 1. Seventeen of these holes are shown in two cross sections oriented in northwest striking (Figure 2, Section L-L) and north striking (Figure 3, Section M-M) directions. This area is below the southern portion of the Historical Vanadium Mineralized Zone and encompasses a rectangular area roughly 800m NW-SE and 300m wide. | |
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