Victory Mines surge in response to release of promising assay results

By Trevor Hoey. Published at Jul 24, 2017, in Technology

Victory Mines (ASX: VIC ) has released promising results from laboratory analysis of rock samples, confirming the significance of the recently acquired polymetallic Bonaparte project located on the western margin of the Bonaparte basin in Western Australia.

High-grade assay results including 43.2% zinc and 28.2% lead have been independently verified. These were among other significant results from the highly prospective region, as indicated in the following table.

Bonaparte project sample results

There are additional gossans that management believes are highly prospective and the company is well funded with cash of $1.7 million as at June 30, 2017 to continue further exploration.

Commenting on these developments, VIC’s Managing Director and chief geologists said, “The results at the newly acquired Bonaparte project are extremely encouraging and our plans now are to aggressively target the areas in question.”

Of course it should be noted that this is an early stage company and investors should seek professional financial advice if considering this stock.

The exploration campaign will be shaped by further analysis of the data that has recently come to hand.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.