Victory Resources Corporation - Expansion of 2nd stage drilling program


VANCOUVER, Sept. 7, 2011 /CNW/ - VICTORY RESOURCES CORPORATION (the "Company") is pleased to report that geochemical results taken from the Reforma South and the El Chapote properties demonstrated the same highly anomalous copper, silver, zinc and lead geochemical results that were returned from the samples taken from the Reforma Property.

The company has decided to expand the 2nd stage drill program to include Reforma South and El Chapote. As previously announced, the 2nd stage of the diamond drilling program has already commenced on the Reforma property and is expected to drill 2500 meters to determine the estimated depth of the structure from the historic 555 zone (established by Industrias Penoles SA de CV historic data).

"The geochemical results from Reforma South and El Chapote have confirmed the potential for a much larger economically viable ore body", stated Wally Boguski, president of Victory Resources Corporation. "We always believed that the mining opportunity was much more than the main Reforma property. We now have three areas as part of our 2nd drill program that have the potential to be economically viable. We expect to announce the initial results from the drill program in the fourth quarter of this year."

About Victory Resources Corporation

The company's main focus is on the Reforma property located at the common boundary of Sinaloa and Chihuahua States in west central Mexico. The concessions cover a total area of 7,226 hectares. Victory Resources will earn a 70% undivided interest in the Reforma property as part of an option agreement. Formerly 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 grams per tonne Ag, 1.90 per cent Pb, 7.44 per cent Zn and 0.63 per cent Cu.

Mr. Ruben Verzosa, P. Eng., a Qualified Person (QP) as defined by NI 43-101 has approved the geological content of this Press Release.

On behalf of The Board of Directors of Victory Resources Corporation.

Paul Lee, 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.

For further information:

Please contact Wally Boguski at 604-580-9605

Profil de l'entreprise

Victory Resources Corporation

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.