Victory Resources applies for permit for IP survey and drilling at Mal Wen project

Victory Resources Corporation (CSE:VR) (OTCMKTS:VRCFF) (FRA:VR62) told investors it has applied for a permit to carry out an induced polarization (IP) survey at its Mal-Wen project in British Columbia to be followed by a 1,000 metre (m) plus drill program.

Depending on when it receives the permit, the company aims to do the survey in late spring and drill the targets which are generated this summer.

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“We are excited to advance the Mal-Wen property,” said Victory’s geologist Helgi Sigurgeirson in a statement.

“In recent years, the BC Geological Survey has done a considerable amount of work in this district. They consider the eastern belt of the Nicola Group prospective for alkalic porphyry deposits. The Mal-Wen property is within this belt, as is Kodiak Copper’s MPD Copper Gold Porphyry project about 20 km to the south.”

Mal-Wen comprises seven claims spanning an area of 1,205.97 hectares (Ha) around 30 kilometres (km) southeast of Merritt in south-central British Columbia and Victory is on the hunt for a porphyry deposit.

The IP study will examine the area between the Mal and the Wen prospects, which the company now believes could be a larger mineralized system.

A program of mapping, sampling and prospecting late in 2020 focused on this area between the two prospects, as well as a re-examination of the Mal zone.

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Story by ProactiveInvestors