The company carried out the drilling program at the Altamira and the Matanza, which are two tailings ponds. It drilled 46 holes, totaling 291 m on the Matanza tailings pond, and drilled 10 holes, totaling 38 m on the Altamira tailings pond.
Currently, a representation bulk sample is being prepared from these tailings ponds and will be submitted for metallurgical tests and mineralogical studies in order to identify the feasibility for material re-processing.
At the Reforma mine, earlier production involved the recovery by floatation of sphalerite, galena and chalcopyrite. The company recovered considerable values of silver from 10 g to more than 250 g, along with sulphides. Less amount of gold was recovered. Victory Resources did not recover any magnetite that included a considerable amount of the ore.
According to Victory’s CEO and President, Wally Boguski, the drill program completion at the tailings ponds is a significant milestone in finding the future economic potential.
The company focuses mainly on the Reforma property, which encloses an area of 7,226 ha. It has commenced exploration at the Au-Wen property in British Columbia. This property is situated 30 km towards the southeast part of Merritt and 8 km towards the eastern part of the previous Aspen Grove mining camp located in south-central British Columbia in Canada. It includes 91 mineral claims, which enclose an area of 34,200 ha.
Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.