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VRCFF starts drilling for Gold
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Victory Resources, who's lithium digs we are awaiting - just starting drilling the Loner Property, performing one of their other main functions, which is mining gold. The Loner Property was staked out by the exploration company $SNG. Victory is about to drill 7-10 holes up to 50 meters deep to sample high-grade low sulphidation areas - which is a geological area that's often full of gold: example of similar areas have yielded substantial gold in Java, Indonesia https://www.sciencedirect.com/science/article/abs/pii/S0169136819303233

The Loner Property was initially sampled by SNG in late 2018 alongside another claim called Black Star. Both properties showed substantial amounts of arsenic (highly related to gold finds) and quartz veining in cores samples (also a good sign of gold discovery possible)https://www.nsenergybusiness.com/news/silver-range-stacks-two-new-high-grade-gold-prospects-in-nevada/

You can actually see some Black Star samples at the following link. Look at the maps - the dots show gold concentration in core samples and the red lines show quartz veins :https://www.silverrangeresources.com/projects/nevada/black-star/

Why would SNG, a discovery company, work out a mining deal with VRCFF unless similar results are likely on the Loner Property?

press release:

https://finance.yahoo.com/news/victory-begins-drilling-loner-property-110000958.html

(not advice, dyor)

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3 years ago