News Release: Drill Program commences, John Thornton P. Eng. joins Team
NEWS RELEASE
April 13, 2011 Symbol:-TSXV.VR
Drill Program commences, John Thornton P. Eng. joins Team
April 13, 2011 Symbol:-TSXV.VR
Drill Program commences, John Thornton P. Eng. joins Team
VANCOUVER, BC – VICTORY RESOURCES CORPORATION (the “Company”) The Company is pleased to announce that first diamond drill has arrived on site and that 1st stage drilling has commenced on the Reforma property. The first 2000 feet drilled will test the south extensions of Reforma mine.
Formally owned by “Penoles” in Mexico, documentation showed that between the years 1968 to 1980, the Reforma mine processed 1.8 million tonnes grading an average of 91.62 g/t Ag, 1.90% Pb, 7.44% Zn & 0.63% Cu. This historical published production at current metal prices would be worth over US $514,000,000.
In addition, a 2 X 2 kilometer geochemical survey has being completed this week with assays pending. Crews have also started another 2 X 2 kilometer geochemical survey on the property.
Victory Resources Corp. is also very pleased to announce that Mr. John C. Thornton has joined and will lead its project planning team. Mr. Thornton’s career has had him head projects or hold senior positions in mine planning, and held various consulting capacities for large construction projects for number of major companies around the world.
Mr. Thornton has headed up or had major involvement in projects including the Bajo de la Alumbrera deposit in Argentina for Mt Isa, Cananea Mine in Mexico, El Abra mine in Chile owned by Freeport McMoran, Kitsault Molybdenum Mine, British Columbia now owned by Avanti Mining, Mt Newman Iron Ore Mine, Newman, Western Australia for many years for the original consortium directed by AMAX and BHP, and for the Roan Consolidated Mines in Zambia.
Mr. Ruben Verzosa, P. ENG., a Qualified Person (QP) as defined by National Instrument Policy 43-101 has approved the geological content of this Press Release.
On behalf of The Board of Directors of Victory Resources Corporation.
Wally E. Boguski, President, CEO, Director
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources Corporation to be materially different from the results, performance or expectation implied by these forward looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Source http://victoryresourcescorp.com/index.php?page=46