Apr 11 2014
Victory Mountain Ventures Ltd. ("Victory") is pleased to announce that phase one Stratigraphic Compilation and Investigation is now underway. The team at Apex Geoscience Ltd, lead by Michael Dufresne, is currently compiling the abundant oil and gas information for the Ells River Silica property and constructing a 3-D model of potential clean silica-rich sands for certain target areas into a volume estimate for the Pelican formation over the next couple of months.
The second phase of work, which will be field based, could commence as early as May and will involve mapping, sampling and either drill testing or trenching in order to progress to a NI 43-101 compliant resource estimate late this year or early next year.
Apex Geoscience Ltd., based in Edmonton, has extensive experience in the Western Canadian sedimentary basin, including oil and gas, sand and gravel, crushed rock aggregate, and oil sands, and has a solid working knowledge of Alberta government regulatory policies, including exploration permitting, assessment reporting and continuing relationships.
CEO Patrick Morris commented: "We are pleased to have Michael and his team at Apex initiate the first phase of geological exploration on Ells River. This first phase of work and expenditures confirms just how quickly and economically, relative to traditional mining exploration, we can complete a volume estimate of Pelican sand and approach our first milestone of a 43-101 compliant resource estimate on the property." Morris adds, "Horizontal drilling and hydraulic fracturing methods have revolutionized the process of extracting these natural resources, our goal is to be one of a small group of Canadian companies to produce a domestic supply of high quality frac sand."
The content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, MSc, PGeol, who is the qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Silica (Frac Sand), Copper, Gold, Silver, Molybdenum and other base metals in Canada.
On Behalf of the Board of Directors
VICTORY MOUNTAIN VENTURES LTD.
Patrick Morris, CEO and Director
Source: http://victorymv.com/