Victory Metals Inc. is pleased to announce commencement of a Phase II, 10,000 meter drill program to further define vanadium mineralization at its Iron Point Vanadium Project in Nevada. Highlights: The Phase II program will consist of 49 holes utilizing two reverse circulation rigs and one diamond drill rig. These rigs have been mobilized to the project. The program is designed to infill zones of vanadium mineralization [...]
Victory Metals Inc. is pleased to announce that the Company has entered into an option agreement with Ethos Gold Corp. , whereby Ethos can spend $5M to earn an undivided 50% interest in the precious metals rights at the Iron Point Vanadium Project, Nevada . High priority, deep gold/silver drill targets have been proposed by Dr. Quinton Henningh, who will oversee the drilling program at Iron Point as technical advisor to [...]
Victory Metals Inc. is pleased to announce it has closed an oversubscribed non-brokered private placement, raising $3,618,000 through the issuance of 5,400,000 shares at a price of $0.67 per share. One strategic investor subscribed for 4,500,000 shares or $3,015,000 while certain insiders subscribed for an aggregate of $402,000. Highlights: One strategic investor subscribed for 4,500,000 shares or $3,015,000; Full [...]
Victory Metals is pleased to announce that it has arranged a non-brokered private placement to raise a minimum of $3,500,000 through the issuance of 5,225,000 shares at a price of $0.67 per share. One strategic investor is subscribing for 4,500,000 shares or $3,015,000. Paul Matysek, Executive Chairman stated: "Securing this financing will allow us to continue our rapid advancement towards resource definition and [...]
Victory Metals is pleased to announce results from initial metallurgical tests conducted by McClelland Laboratories, Inc. of Sparks, Nevada, on drill cuttings from the Company's Iron Point Vanadium Project. Test work using hydrometallurgical processes at atmospheric pressure has yielded vanadium recoveries in excess of 90% in leach times of less than eight hours. Highlights – Phase I Metallurgical Testwork [...]
Victory Metals Inc. is pleased to announce final assay results from an additional 17 reverse circulation holes completed at its Iron Point Vanadium Project, located 22 miles east of Winnemucca, Nevada. Victory has now released results for all 69 RC holes from a planned program of 69 RC holes and 4 diamond drill holes. The 17 RC drill holes reported today include both vertical and angle holes that were drilled in the [...]
Victory Metals Inc. is pleased to announce the appointment of Jeffrey Woods, B.S. as Chief Metallurgist. Paul Matysek, Executive Chairman stated: "We are very pleased to welcome Jeffrey Woods to our Victory team as Chief Metallurgist. Jeff brings a long and successful track record in mineral processing and project development that will be highly beneficial as we advance our Iron Point Vanadium Project in Nevada. Our [...]
Victory Metals Inc. is pleased to announce assay results from an additional 14 reverse circulation holes completed at its Iron Point Vanadium Project, located 22 miles east of Winnemucca, Nevada. Victory has now released results for 52 RC holes from a planned program of 69 RC holes and 4 diamond drill holes. The 14 drill holes reported today include both vertical and angle holes and are focused in the central to southern [...]
Victory Metals Inc. is pleased to announce assay results from an additional 22 reverse circulation holes completed at its Iron Point Vanadium Project, located 22 miles east of Winnemucca, Nevada. Victory has now released results for 38 RC holes from a planned program of 69 RC holes and 4 diamond drill holes. The 22 drill holes reported today include both vertical and angle holes and are focused in the central to northern [...]
Victory Metals Inc. is pleased to announce an additional seven reverse circulation holes completed at its Iron Point Vanadium Project, located 22 miles east of Winnemucca, Nevada. Including these seven holes, Victory has now released results for 15 RC holes from a planned program of 69 RC holes and four diamond drill holes. The seven holes reported today were drilled vertically along a north-south trending long section [...]
Victory Metals Inc. is pleased to announce maiden drill results from the first eight reverse circulation holes completed at its Iron Point Vanadium Project, located 22 miles east of Winnemucca, Nevada. These are the initial results from a planned program of 69 RC holes and four diamond drill holes. Highlights Assays from the first eight RC holes include intercepts of: 44 meters grading 0.48% V2O5 in VM-02 27 meters [...]
Victory Metals Inc. is pleased to announce that it has staked 320 lode claims , contiguous to its 100% owned Iron Point Vanadium Project, more than doubling the overall land package to a total of 594 lode claims . This additional staking is summarized in the Company's recently released National Instrument 43-101 technical report. Additionally, Victory has entered into two option agreements and one outright purchase [...]
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