Victory Resources has provided details on the present drilling campaign carried out at the Reforma property. RDH 11 was the latest hole drilled at the La Reforma which returned significant mineralization. This hole intercepted a zone from 198.12 to 207.87 of chalcopyrite, galena and sphalerite in skarn. The company has sent the drill core samples to Mexico-based ALS Chemex for examination.
The present surface drilling campaign will explore the geological expansions of the main structure at the La Reforma specifically at depth.
With respect to the overall exploration campaign conducted at the La Reforma, Victory Resources may shortly release the assay results of the underground sampling program carried out on sulfide-bearing skarn identified in sub-levels, old drifts and stoping regions. The current work campaign has been planned to define the vein system located towards the main structure’s northern and southern parts.
According to Wally Boguski, Victory Resources’ CEO and President, the main goal of the present exploration campaign is to describe a considerable scale of mineral resource in order to validate a preliminary economic assessment. The company is encouraged by the highly anomalous results obtained from the previous program.
Penoles Industries operated the La Reforma property from 1968 to 1980. The La Reforma mine specifically processed complex ore of 1.8 Mt grading 0.63% copper, 1.90% lead, 91.62 g/t silver and 7.44% zinc on an average.
Victory Resources mainly targets the Reforma property, which is situated at the common borders of Chihuahua and Sinaloa in west central Mexico. The concessions enclose 7,226 ha of total area. The company will get a 70% undivided interest in the property, under the terms of an option contract.
Source: http://www.victoryresourcescorp.com/
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