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- Victory Mines (VIC) has begun a 6000-metre reverse circulation (RC) drilling program at its Coogee Gold Project in Western Australia
- At present, the project has an indicated and inferred mineral resource estimate of 224,000 tonnes at 4.1g/t gold and an ore reserve of 109,000 tonnes at 5.1g/t gold for 18,000 ounces
- Drilling will test the down-plunge and strike extensions of high-grade gold mineralisation encountered to the north, south and below Coogee
- The program is expected to take roughly six weeks to complete and will be led by Strike Drilling
- Results will be released and reported on as they become available
- Victory is steady on the market and shares have been trading at 0.3 cents since December 31
Victory Mines (VIC) has begun a 6000-metre reverse circulation (RC) drilling program at its Coogee Gold Project.
Coogee lies roughly 55 kilometres southeast of Kalgoorlie in Western Australia and consists of four tenements that cover an area of 17 square kilometres.
It has a JORC 2012 indicated and inferred mineral resource estimate of 224,000 tonnes at 4.1g/t gold and an ore reserve of 109,000 tonnes at 5.1g/t gold for 18,000 ounces.
The program is expected to take roughly six weeks to complete and will be led by Strike Drilling.
Drilling will test the down-plunge and strike extensions of the high-grade shoot to the south of Coogee, which returned a result of 12 metres at 12.01g/t gold, including three metres at 35.87g/t gold.
Victory will also test down-plunge and strike extensions to the north and below the Coogee pit.
Results will be released and reported on as they become available.
This is the second drill program to be undertaken at Coogee in three months after a 4000-metre RC program began in October.
30 holes were drilled to test the down-plunge extensions of high-grade gold shoots across the 600-metre strike of the project.
Results were received in mid-November, with a best result of two metres at 13.82g/t gold from 102 metres, including one metre at 26.4g/t gold from 102 metres returned.
Victory is steady on the market and shares have been trading at 0.3 cents since December 31.
