Highlights:
- 3,550m Reverse Circulation ("RC") drilling program across three projects to commence in October
- The RC drilling program will systematically test new targets, as well as extensions to known gold mineralisation:
- Coodardy project - 1,150m program in known historical gold mineralisation. Historical results include:
- 12m at 4.5 g/t Au from 12m
- 14m at 4.21 g/t Au from 14m
- Emily Wells project - 1,200m program testing the gold anomaly along the strike extensions from Oxonia mineralisation
- Nemesis (Tuckanarra) project - 1,200m program testing recently identified gold anomaly
- Coodardy project - 1,150m program in known historical gold mineralisation. Historical results include:
- The Phase 1 Diamond Drilling ("DD") program has been completed, as planned for the Coodardy, Emily Wells and Eaglehawk projects.
- Coodardy DD program has identified a new exploration target to the west of the mineralised project area.
- Gold in soil geochemical program to be progressed on P20/2410 located immediately north of Emily Wells project
Victory Goldfields (ASX:1VG) ("Victory" or "the Company") is pleased to announce it is preparing to commence a 3,550m Reverse Circulation ("RC") drilling program across three projects – Coodardy, Emily Wells and Nemesis (Tuckanarra). The RC program is scheduled to commence in the second half of October 2021 and follows recent successful soil geocheomical programs and the results of the DD drilling program at Coodardy.
Victory's Executive Chairman, Trevor Matthews said: "The Company continues to progress exploration on its extensive portfolio of projects.
The RC drilling program is an exciting mix of targeting known gold mineralisation with historical gold intersections at Coodardy combined with new undrilled anomalous gold zones identified at Emily Wells and Nemesis."
