Victory Ventures Receives Regulatory Approval to Acquire Fortuna Property, Kamloops, BC
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/03/13 -- Victory Ventures Inc. (the "Company") (TSX VENTURE: VVN)(FRANKFURT: VV0) is pleased to report that it has received TSX Venture Exchange approval for the acquisition of the Fortuna mineral property ("Fortuna Property"), located 60 kilometers north of Kamloops, BC.
The Fortuna Property is an all-weather, road accessible mineral property, located 12 kilometres east of Highway 5 and east of the community of Louis Creek, BC. The main mineral zones are exposed on the steep slopes north of the main access road following eastward from Louis Creek. The 608.9 hectare property was acquired from Victory Ventures president, Mr. Dennis Vigouret.
The general exploration target is that of a volcanogenic massive deposit type (copper-lead zinc). The main area of mineralization lies within three zones of prominent rock alteration with locally intense silicification and sericitization of the host rocks. The primary sulphide mineralization is pyrite with local concentrations of galena and chalcopyrite. The mineral zones are hosted in northwest trending and northeast dipping chloritized schists and metasediments belonging to the Devonian to Mississippian age Eagle Bay assemblage.
The Fortuna Property saw early exploration in 1907/08, with the establishment of five crown granted mineral claims and the development of three adits, totalling 143 metres. The main adit (East Zone), now caved, was 128 metres long and intersected three zones of massive pyrrhotite with widths of between 0.6 metres to 4.8 metres wide, near the end of the adit. It is reported that the pyrrhotite bands contained high values in copper, nickel, gold, silver and platinum, however, such values cannot be substantiated until future diamond drilling is carried out to test the now inaccessible sulphide zones.
Surface grab samples of the best mineralization analyzed as high as 1.2% copper, 0.33% zinc, 14.6 grams per tonne silver, 0.45 gram per tonne gold and 0.47 per cent lead (Assessment Report 15438).
Qualified Person
Mr. Greg Thomson, P.Geo., is the Qualified Person as defined by National Instrument 43-101. Mr. Thomson is a director for the Company and has reviewed and approved the technical information contained in this news release.
On behalf of the Board of Directors:
Howard Milne, Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Victory Ventures Inc.
(604) 377-8994
(604) 687-4778 (FAX)
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Datum: 03.09.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 292775
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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