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VVN

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:VVN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Victory Ventures Receives Regulatory Approval to Acquire Fortuna Property, Kamloops, BC

03/09/2013 9:00am

Marketwired Canada


Victory Ventures Inc. (the "Company") (TSX VENTURE:VVN)(FRANKFURT:VV0) is
pleased to report that it has received TSX Venture Exchange approval for the
acquisition of the Fortuna mineral property ("Fortuna Property"), located 60
kilometers north of Kamloops, BC.


The Fortuna Property is an all-weather, road accessible mineral property,
located 12 kilometres east of Highway 5 and east of the community of Louis
Creek, BC. The main mineral zones are exposed on the steep slopes north of the
main access road following eastward from Louis Creek. The 608.9 hectare property
was acquired from Victory Ventures president, Mr. Dennis Vigouret.


The general exploration target is that of a volcanogenic massive deposit type
(copper-lead zinc). The main area of mineralization lies within three zones of
prominent rock alteration with locally intense silicification and sericitization
of the host rocks. The primary sulphide mineralization is pyrite with local
concentrations of galena and chalcopyrite. The mineral zones are hosted in
northwest trending and northeast dipping chloritized schists and metasediments
belonging to the Devonian to Mississippian age Eagle Bay assemblage.


The Fortuna Property saw early exploration in 1907/08, with the establishment of
five crown granted mineral claims and the development of three adits, totalling
143 metres. The main adit (East Zone), now caved, was 128 metres long and
intersected three zones of massive pyrrhotite with widths of between 0.6 metres
to 4.8 metres wide, near the end of the adit. It is reported that the pyrrhotite
bands contained high values in copper, nickel, gold, silver and platinum,
however, such values cannot be substantiated until future diamond drilling is
carried out to test the now inaccessible sulphide zones.


Surface grab samples of the best mineralization analyzed as high as 1.2% copper,
0.33% zinc, 14.6 grams per tonne silver, 0.45 gram per tonne gold and 0.47 per
cent lead (Assessment Report 15438).


Qualified Person

Mr. Greg Thomson, P.Geo., is the Qualified Person as defined by National
Instrument 43-101. Mr. Thomson is a director for the Company and has reviewed
and approved the technical information contained in this news release.


On behalf of the Board of Directors: 

Howard Milne, Director 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Victory Ventures Inc.
(604) 377-8994
(604) 687-4778 (FAX)
hdmcap@shaw.ca
www.victoryventures.ca

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