Victory to follow-up positive signs from North Block and South Block
Published 09-OCT-2017 15:47 P.M.
1 minute read
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Having now completed the electromagnetic survey at its Laverton Project in the Western Australian Goldfields region, Victory Mines (ASX:VIC) informed the market that it has identified several areas which will require further investigation.
The extensive survey covered 34.5 kilometres across the company’s North Block, West Block and South Block tenements.
Overall this is an early stage play and as such any investment decision should be made with caution and professional financial advice should be sought.
While no significant bedrock anomalism was defined at North Block, there was evidence that could point to a structural corridor towards the south where a clear broader conductive trend demonstrated IP polarisation.
Broader polarisation was also noted in the South Block, but no significant bedrock anomalism was defined. Clear broader conductive trends/corridors which demonstrate IP/polarisation effects could highlight structural corridors as indicated below.
Management said that no significant bedrock anomalism was defined at West Block. Consequently, the company intends to further investigate positive data emerging from surveying of the North and South Block.
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