Victory Resources Corporation (CSE:VR) (OTCPINK:VRCFF) has revealed that it is advancing the exploration plan for its Mal-Wen copper/gold (Cu + Au) property in British Columbia (BC).
The property consists of 6 mineral claims with a total area of 1143.58 hectares that is located about 30 kilometre southeast of Merritt in south-central BC. It is within the eastern belt of the Nicola Group which hosts numerous alkalic porphyry deposits, including the presently producing New Afton Mine and past producers Ajax and Copper Mountain.
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In a statement, Victory Resources geologist Helgi Sigurgeirson commented: "Alkalic porphyry deposits are attractive exploration targets, as they can form large Cu deposits that are often enriched in Au relative to calc-alkalic porphyries.”
He added: "They are often lower in sulphides, which reduces their environmental risk. The BC Geological Survey has done considerable work in recent years evaluating this belt for its alkalic porphyry potential, and the Mal-Wen Property is prospective for this style of mineralization."
The group noted that recent work on the Mal-Wen property has led to an exploration model in which the copper/gold mineralization at the Mal and Wen Prospects may be peripheral to a larger Alkalic Porphyry system. The area between and targets at both prospects remain unevaluated.
The Wen Prospect features a zone of alteration and copper-bearing breccias at least 70 metres (m) wide and over 400 m in length that contains a quartz vein with gold grades up to 16.6 grams per ton (g/t) over 6.6 m - true width 4.4 m - while associated soil and geophysical anomalies are open to the north.
The Mal is a poorly characterized zone of possible copper skarn that is associated with a coincident magnetic and chargeability anomaly. Historical drilling has not tested the main anomaly, but has returned up to 0.5 g/t gold over 8.8 m - true width unknown - and 1.6% copper over 6 m from mineralization peripheral to the main coincident anomaly. A larger IP anomaly to the east of the Mal Prospect remains untested.
The current focus is on the underexplored area between the two deposit; untested geophysical targets at the Mal Prospect; and assessing the possible northern extension of the Wen Zone.
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