Victory Resources Corporation (CSE:VR) (OTCMKTS:VRCFF) (FRA:VR62) told investors it plans an induced polarization (IP) survey over its Mal-Wen project in south-central British Columbia.
The study will examine the area between the Mal and the Wen prospects, which the company now believes could be a larger mineralized system.
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A program of mapping, sampling and prospecting late last year focused on this area between the two prospects, as well as a re-examination of the Mal zone.
This led to the recognition that the Mal and Wen prospects are essentially similar zones of the same carbonate alteration, with locally high-grade copper plus or minus gold mineralization, and may be part of the same system, the company said.
In addition, strongly anomalous for copper till samples [351 and 137.5 parts per million (ppm)] were collected down ice from the covered area between the prospects.
"The northernmost part of the area between the prospect features an untested IP anomaly from a 1968 survey. The entire area between the Mal and Wen Prospects should be covered by an IP survey and the resulting targets drilled," Victory said in a statement on Wednesday.
The firm's Mal-Wen Property consists of seven mineral claims spanning an area of 1,205.97 hectares (Ha) around 30km southeast of Merritt in south-central British Columbia.
The Mal-Wen project is within the eastern belt of the Nicola Group, in south-central BC, which hosts numerous alkalic porphyry deposits, including the presently producing New Afton Mine and past producers Ajax and Copper Mountain.
Contact the author at giles@proactiveinvestors.com