Jan. 9, 2013
Victory Resources Corp.
is pleased to provide a 2012 Summary update on the companies Mexican properties to date.
Recent results from a work program on the
were announced on
August 7, 2012
where the company reported the results of 29 samples taken along a drift over a length of 80 metres that showed a weighted average of 231.48 g/t silver, 0.84% copper, 6.00% lead and 14.12% zinc. Each sample weighed between 5kg and 10kg and the average interval between samples was approximately 3 meters.
The samples were collected from channels cut across vein material in skarn at the 690 level. This initial underground sampling is part of a continuing program of the company to evaluate the resource potential of the
property. Additional sampling is planned for the lower levels at Level 680, Level 650 and Level 620 over a cumulative strike length of 350m and average backs (height) of some 60m. These levels are presently accessible through existing portals. This sampling program will be augmented by surface and underground diamond drilling. Underground drilling stations can be constructed at minimum cost.
"We expect 2013 to be a pivotal year for the company as we advance the current work/development program and seek strategic alliances with financial and operating partners for the
, President and CEO. "2012 was a challenging environment for the junior mining sector stemming from concerns with the global economy. The company is continuing to execute its corporate strategy and we look forward to reporting our company's progress in 2013."
, P. Eng., a Qualified Person (QP) as defined by NI 43-101 has approved the geological content of this Press Release
About Victory Resources Corporation
The company's main focus is on the
property located at the common boundary of
and Chihuahua States in west central
. The concessions cover a total area of 7,226 hectares. Victory Resources has earned a 70% undivided interest in the
property as part of an option agreement. Formerly owned by
, documentation showed that between the years 1968 to 1980, the
mine processed 1.8 million tonnes grading an average of 91.62 grams per tonne Ag, 1.90 per cent Pb, 7.44 per cent Zn and 0.63 per cent Cu.
The recently optioned Boleo property is situated on the western foothills of the Sierra Madre Occidental mountain range, at the common boundary of the northeastern Mexican States of
and Chihuahua and expands the resource potential of Victory with 20,460 hectares of contiguous property. This area is characterized by a northerly prolific mineralized belt hosting the multi-million-tonne porphyry copper and gold deposits of
Victory Resources Corp has a stated commitment of supporting the properties' neighboring communities through dedicated programs with a goal to improve the quality of life for all of its local citizens. Supported by our corporate values, our corporate philosophy promotes the creation of a positive work environment, which is crucial to the success of our company. We uphold our values through policies and envoirmental programs that foster employee commitment to sustainable development. We endeavour to protect human dignity and individual beliefs, and strive to create an environment that promotes mutual respect for our employees, subcontractors, neighbouring communities, host governments and the general population. In keeping with our commitment to promote the development of the communities neighboring our properties, our recruitment initiatives focus on hiring local employees. We believe in the importance providing training to local employees so they can eventually benefit from positions of greater responsibility.