Victory Receives Acknowledgement Letter from Nevada BLM to Advance to Permit on Loner Property

Victory in Last Levels to Start Drilling Functions for 500m Brief- Gap Drill Program

VANCOUVER, BC / ACCESSWIRE / February 5, 2021 / Victory Assets Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) (“Victory” or the “Company”) is pleased to announce that the Firm’s allow application process has state-of-the-art and that the Business has obtained an “Acknowledgement of Receipt of Exploration Notice and Reclamation Price Estimate” from the Bureau of Land Management (BLM), Winnemucca District Office environment. In reaction to the acknowledgement letter the Enterprise has submitted the required payment assurance for the bond to secure the allow to drill the Loner Home.

“Our exploration workforce has designed large development, finishing the preparatory do the job essential to finalize all things of drilling program functions strategy, together with the engagement of drilling providers and submission of the allow software,” mentioned Victory CEO, Mr. David Lane. “Under the management of our VP of Exploration, David Deering, all of this has been expedited in a small timeframe, and under complicated ailments because of to the pandemic, considering the fact that the Loner Property was optioned on December 23rd from Silver Array Resources.”

Loner Drill Permit Advancement Highlights

  • Victory has received Acknowledgement of Receipt of Exploration Discover from BLM in Nevada

  • The Corporation has submitted the required payment to the BLM for the bond to protected the drill permit for Loner

  • After the permit is secured in the around term, the Company will finalize its timelines for the impending initial drill software, prepared for 7 to 10 diamond drill holes totalling 500m

  • Loner gives Victory yr-spherical exploration entry in a zone inside of Nevada that is in the vicinity of Goldbanks, an area in which Barrick, Kinross and Leading have passions

The venture will commence when Victory receives the conclusion letter from BLM stating the promise has been acknowledged. At that level Firm will finalize its timelines for the preliminary drill program, planned for 7 to 10 diamond drill holes totalling 500m. The drilling is to carry out two goals. Firstly, it is meant to superior characterize the mineralization exposed in the known workings, which are largely inaccessible. Secondly, drilling is intended to appraise the 200m to 300m vast zone of anomalous soils identified by Silver Array Sources via principal part evaluation. Particularly, drilling will concentration on the region of Au in soil anomalies to the south and east of the primary workings, even though other places will be evaluated as nicely.

Scientific and technical info contained in this press release was reviewed and authorized by Mr. David Deering, VP of Exploration for Victory, and a “certified individual” under NI 43-101.

About the Loner Home:

The Loner Property is positioned 35 km south of Winnemucca in the southern Sonoma Vary and at the moment consists of 16 Federal Lode Statements covering historic workings and uncovered lower-sulphidation gold mineralization. New exploration in the place includes the Goldbanks Job, an epithermal gold job about 12 miles to the south, and the Coronado VMS Venture, which has been exploring for Cu on a home about 6 miles to the southeast of the Loner Assets. The place of the Loner Property is possible for each these variations of mineralization. Victory Resources has optioned the Loner Home from Silver Vary Sources (TSX-V: SNG) (“Silver Selection”) as declared on 23 December 2020.

For even further information, be sure to make contact with:

David Lane, President
Phone: +1 (236) 317 2822
Toll Free (855) 665- GOLD (4653)
E-mail: [email protected]

About Victory Resources Company

VICTORY Resources Company (CSE: VR) (FWB: VR61) (OTC: VRCFF) is a publicly traded diversified financial investment corporation with mineral interests in North The usa. The Enterprise is also actively in search of other exploration options.

Neither the Canadian Securities Trade nor its Regulation Expert services Provider (as that time period is described in the insurance policies of the Canadian Securities Trade) accepts responsibility for the adequacy or accuracy of this launch.

Forward On the lookout Statements

Certain facts established forth in this news launch might consist of forward-searching statements that include substantial identified and unknown challenges and uncertainties. All statements other than statements of historic truth are ahead-looking statements, which includes, without limitation, statements pertaining to foreseeable future economic situation, small business tactic, use of proceeds, company vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-functions, budgets, charge and options and goals of or involving the Company. These forward-looking facts displays management’s recent beliefs and is based on information at this time readily available to administration. Generally, but not often, forward-looking statements can be recognized by the use of terms this kind of as “plans”, “expects”, “is expected”, “spending plan”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or versions (together with damaging variations) of these types of words and phrases and phrases or may perhaps be identified by statements to the influence that particular steps “may well”, “could”, “really should”, “would”, “may well” or “will” be taken, occur or be attained. A quantity of regarded and mysterious risks, uncertainties and other components might bring about the actual outcomes or efficiency to materially differ from any potential results or overall performance expressed or implied by the ahead-wanting details. These forward-searching statements are topic to a lot of risks and uncertainties, selected of which are past the control of the Company such as, but not limited to, the affect of basic economic disorders, industry circumstances and dependence on regulatory approvals. Audience are cautioned that the assumptions used in the preparation of these types of information and facts, even though viewed as fair at the time of preparing, may verify to be imprecise and, as this sort of, undue reliance should not be positioned on forward-looking statements. The Business does not suppose any obligation to update or revise its forward-looking statements, no matter whether as a result of new data, long term gatherings, or if not, besides as expected by securities legal guidelines.

Source: Victory Sources Corporation

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