Symbol:-TSX-V:VR
OTCQX:VRCFF
VANCOUVER,
Jan. 9, 2013 /PRNewswire/ -
Victory Resources Corp. (the "Company")
is pleased to provide a 2012 Summary update on the companies
Mexican properties to date.
Recent results from a work program on the
Reforma 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 La Reforma 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
Reforma property," stated
Wally Boguski, 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."
Mr. Ruben
Verzosa, 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 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
has earned 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.
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
Sinaloa 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 Santo
Tomas and Bahuerachi.
Corporate Responsibility
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.
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.
SOURCE Victory Resources Corporation
