Victory set to commence maiden drill program

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THE DRILL SERGEANT: Perth-based mineral exploration company Victory Mines (ASX:VIC) is gearing up for the commencement of its maiden drilling program at the company’s Clara Hills project, east of Derby, in the Kimberley region of Western Australia.

The drilling will be targeting copper mineralisation and will consist of reverse circulation (‘RC’) drill holes ranging from 80 metres to 200 metres in depth.

 

Interpreted conductors and the intersection points of the planned drill holes. Source: Company announcement

 

“We are extremely excited to schedule the commencement of drilling at Clara Hills so soon after listing,” Victory Mines managing director Danny Costick said in the company’s announcement to the Australian Securities Exchange.

“There has been limited historical exploration on the project, and we feel strongly that there is much potential yet to be discovered.”

Victory has conducted previous exploration and geological work including mapping, rock chip sampling and geophysics – utilising both aeromagnetic and ground electromagnetic (EM) surveys as well as limited drilling.

This work has enabled the company to defined five drill targets at the Clara Hills project.

The upcoming drill program is planned to test the Jack’s Hill gossan at Clara Hills as well as three other gossans Victory has identified at the prospect.

At Jack’s Hill previous rock chip sampling from within historic costeans returned values of up to 22.7 per cent copper, 2.05 per cent nickel and 82.9 grams per tonne silver as well as highly-anomalous results for gold and platinum group elements.

The company has also identified three other small gossan outcrops through mapping.

Each of these gossans returned anomalous values from rock chip sampling including 6.61 per cent copper and 0.3 per cent nickel.

Each of these gossans will be drill tested to systematically determine the full copper potential.

The EM survey defined two zones of interest approximately 150m west of the Jack’s Hill gossan.

Victory said the EM response suggests one of the zones of interest is down dip of the other.

Drill holes will test each of the upper and lower zones.