Source: Victory Mines
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Victory Mines (VIC) extends gold mineralisation at the Coogee main trend to over 350 metres of strike
  • Victory began drilling at the Coogee Gold Project in WA to define two gold-copper trends to the north and to better understand an existing porphyry target
  • Latest results include gold grading up to 3.64 and 6.78 grams of gold per tonne (g/t) which have extended the main trend to the north
  • So far, 41 holes for 5,069 metres have been completed and the drilling program is expected to be completed next month
  • Company shares closed at 0.3 cents on July 26

Victory Mines (VIC) has extended gold mineralisation at the Coogee main trend which lies within the Coogee Gold Project in Western Australia.

In early June, the company began a 6000-metre reverse circulation (RC) drilling program at the Coogee Gold Project. This drilling aims to define the northern extension of two gold‐copper trends north of the Coogee Pit, and to better understand a previously identified copper‐ gold porphyry target at Coogee North.

Latest results include 16 metres at 0.62 grams of gold per tonne (g/t) from 176 metres including eight metres at 1g/t gold, eight metres at 3.64g/t gold from 172 metres including four metres at 6.78g/t gold from 176 metres, and 24 metres at 0.32g/t gold from 188 metres.

These results extend the Coogee main trend to the north from a previous drill hole which returned 30 metres at 0.33 per cent copper and 0.52g/t gold. The main trend now extends over 350 metres of strike.

Due to this drilling effort extending both the main and eastern trend, as well as the significant results, Victory has increased the program by another 1000 metres.

So far, 41 holes for 5,069 metres have been completed and the drilling program is expected to be completed next month.

Company shares closed at 0.3 cents on July 26.

VIC by the numbers
More From The Market Herald
Cyprium Metals (ASX:CYM) - Executive Director, Barry Cahill

" Cyprium Metals (ASX:CYM) hits further copper at Nifty West

Cyprium Metals (ASX:CYM) has received further assays results from the Nifty West reverse circulation (RC) drilling…

" Brightstar Resources (ASX:BTR) continues to see high grade gold at Cork Tree

Brightstar Resources (ASX:BTR) continues to see high grade gold results at its Cork Tree Well (CTW),…

" OZ Minerals (ASX:OZL) posts record FY revenue of $2.1b

OZ Minerals (OZL) delivers on 2021 production and costs; record $2.1 billion revenue.

" Thor Mining (ASX:THR) updates on lithium targets at Ragged Range Project

Several lithium exploration targets have been identified at Thor Mining's (ASX:THR) Ragged Range Project in Pilbara,…