Victory Resources eyeing more ground in Nevada as it updates on Loner activity

Victory Resources Corporation (CSE:VR) (OTCMKTS:VRCFF) (FRA:VR62) said it plans to stake additional claims in Nevada as it updated on current activity in the US state. 

Victory struck an option deal late last year with Silver Range Resources Ltd (CVE:SNG) (OTCMKTS:SLRRF) (FRA:8SR) over the Loner property, which comprises 16 claims. 

The company is poised to begin drilling there once a permit is received. 

READ: Victory Resources receives BLM acknowledgement letter as it seeks permit on Loner Property in Nevada

Planned are between seven and ten diamond drill holes for a short-hole 500 metres (m) program and a contractor has been hired.

The permit process is now in its final stages with posting of the bond with the Bureau of Land Management (BLM), Nevada, the company confirmed today.

Victory also pointed to recent exploration in the area, which includes the Goldbanks Project, an epithermal gold project, which sits 12 miles to the south of Loner, and the Coronado VMS Project, prospective for copper and six miles to the southeast.

The area of the Loner property is prospective for both these styles of mineralization, it added.

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