Total
0
Shares
A drill rig at the Coogee Project. Source: Victory Mines
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Victory Mines (VIC) begins a 3000-metre reverse circulation drilling program at the Coogee Project in WA
  • The program is following up on recent high-grade results collected 350 metres north of the Coogee pit
  • Drilling aims to better define the high-grade shoots and extend mineralisation to the north and down-dip
  • Victory expects the program will wrap up before the end of the year with results due in the March quarter
  • Company shares are trading steady at 0.2 cents

Victory Mines (VIC) has begun a 3000-metre drilling program at the Coogee project in Western Australia.

The Coogee Project is located about 55 kilometres southeast of Kalgoorlie and immediately to the west of Silver Lake Resources’ Randall Mill.

This fourth-phase reverse circulation program aims to follow up on recently announced results: 4 metres at 9.34 grams per tonne (g/t) gold — including 2 metres at 16.15 g/t gold — and 5 metres at 5.11 g/t gold and 0.76 per cent copper.

Those two holes outlined several high-grade shoots along the main trend roughly 350 metres north of the Coogee pit. The company considers these results to be “extremely encouraging” as they confirm the trend continues to host high-grade gold mineralisation outside the known area.

Additionally, broad gold zones of 27 metres at 1.22 g/t gold, 31 metres at 0.87 g/t gold and 17 metres at 0.54 g/t gold confirm the continuation of significant downhole thickness of gold mineralisation north of the Coogee pit.

Victory Mines expects drilling to be completed before the end of the year with results to be released in the March 2022 quarter.

Company shares were trading steady at 0.2 cents at 12:00 pm AEDT.

VIC by the numbers
More From The Market Herald
icetana Limited, ICE - CEO, Matthew Macfarlane

" icetana Limited (ASX:ICE) signs Memorandum of Understanding with Threat Protect (ASX:TPS)

icetana Limited (ICE) has signed a memorandum of understanding with Threat Protect Australia (TPS).
The Market Herald Video

" Orange may be the new gold

One of the latest explorers to head to the ASX is Perth-based Orange Minerals with listing anticipated as soon as next week.
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
APM (ASX:APM) - CEO, Michael Anghie

" APM Human Services (ASX:APM) expands, acquiring Lifecare

APM Human Services International (APM) has acquired physiotherapy and home care group Lifecare for $68 million.