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Victory Resources Receives Drill Permit for Loner Property in Nevada
Company Advances Toward 500m Short-Hole Drill Program VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PI
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":" Company Advances Toward 500m Short-Hole Drill Program VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) (\"Victory\" or the \"Company\") is pleased to announce that the Bureau of Land Management (BLM), Nevada State Office (NSO) has received and approved surface reclamation bond NVN100216 for the Loner Property Project, located in North Central Nevada, permitting the Company's 500m short hole drill program. \"The first pass drilling program at Loner Property is intended to confirm intersections of gold-bearing quartz vein that correlates with historical underground mining and mapped surficial gold occurrences. It is anticipated the drill program will demonstrate broader mineralization across the width and depth of the occurrence which remains open in all directions\" stated Mr. David R. Deering, P.Eng., VP Exploration, and a Director of Victory Resources. Highlights: Victory has received the drilling permit for the Loner Property First pass drilling program aims to confirm intersections of gold-bearing quartz vein with historical workings Victory exploration team is in final stages of preparation to begin 500m short-hole drill program Drill activities are planned to commence in March 2021, subject to weather conditions As previously reported, the strong gold and arsenic geochemical anomalies are coincident with the exposed mineralization and historic workings. \"This indicates that the drill program may define the anomalies more extensively through-out the target area\" said Deering. \"This first pass drilling work will evaluate the best and most productive way to continue bringing the project forward over the coming year\" Mr. Deering is the Qualified Person for the Company's projects as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release. About the Loner Property: The Loner Property is located 35 km south of Winnemucca in the southern Sonoma Range and currently consists of 16 Federal Lode Claims covering historic workings and exposed low-sulphidation gold mineralization. Recent exploration in the area includes the Goldbanks Project, an epithermal gold project about 12 miles to the south, and the Coronado VMS Project, which has been exploring for Cu on a property about 6 miles to the southeast of the Lone...