From the Wires
Victory Ventures Signs Contract for IP Survey on Copau Claims
By: Marketwired .
Apr. 30, 2012 04:00 AM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/30/12 -- Victory Ventures Inc. (the "Company") (TSX VENTURE:VVN)(FRANKFURT:VV0) reports that it has signed a contract with Frontier Geosciences Inc. of North Vancouver, B.C. to carry out a geophysical survey, using the Induced Polarization (IP) method, of geological conditions on the Company's Copau Claims (the "Claims") in northwestern British Columbia. The work is to be carried out on approximately 12 lines on 100 to 200 metre centers, for a total of about 10 line kilometres. The project is scheduled to begin in late spring, depending on weather conditions in the area.
The Claims are partially surrounded by claims owned by Imperial Metals Corporation, which is developing the Red Chris copper deposit for production, approximately 11 kilometers to the south. Imperial Metals' production project is aimed to coincide with the completion of the Northwest Transmission Line in early 2014.
The Claims have been explored in the past. Mapping by the BC Geological Survey in 1994 led to the discovery of the B31 copper showing, in which magnetite, chalcopyrite and lesser pyrite occur in proximity to fractures and cataclastic microstructures within a small syenitic stock. A magnetometer survey by the Optionor outlined a prominent magnetic anomaly trending northwestward from the showing. The property, which has not been drilled, is prospective for alkalic copper gold porphyry or skarn hosted copper gold mineralization.
On behalf of the Board of Directors:
Howard Milne, Director
Victory Ventures Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of precious metal properties in North America. The Company's Shares are listed and posted for trading on the TSX Venture Exchange under the symbol "VVN" and on the Frankfurt Exchange under the symbol "VV0".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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