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2007-12-11 13:14 ET - News Release Mr. Chad Williams reports VICTORIA REPORTS 61.9 M (203 FEET) OF 12.57 G/T (0.367 OZ/TON) GOLD INCLUDING 13.9 M (45.5 FEET) OF 37.21 G/T (1.087 OZ/TON) GOLD AT COVE-MCCOY, NEVADA Victoria Resource Corp. is providing gold assays from recently completed core hole NW-5, at the Cove-McCoy project, located in north-central Nevada. Highlights: A composite interval of 61.9 metres (203 feet) of 12.57 grams per tonne (0.367 ounce per ton) gold includes 42.2 m (138.5 feet) of 16.36 g/t (0.478 ounce per ton). This interval also contains 13.9 m (45.5 feet) of 37.21 g/t (1.087 ounces per ton) plus 12.2 m (40 feet) of 12.59 g/t (0.368 ounce per ton). All of the above intercepts are contained in an interval of 208.8 m (685 feet) of 4.60 g/t (0.134 ounce per ton). The drill intercepts are summarized in a table. HOLE NW-5 (344, -67), COVE-MCCOY PROJECT, NW-COVE TARGET AREAFrom m (ft) To m (ft) Length m (ft) Gold (g/t) Gold (oz/ton)421.5 (1,383) 630.3 (2,068) 208.8 (685) 4.60 0.134Including450.5 (1,478) 456.6 (1,498) 4.6 (20) 7.25 0.212568.5 (1,865) 630.3 (2,068) 61.9 (203) 12.57 0.367588.1 (1,929.5) 630.3 (2,068) 42.2 (138.5) 16.36 0.478588.1 (1,929.5) 602.0 (1,975) 13.9 (45.5) 37.21 1.087593.8 (1,948) 602.0 (1,975) 8.2 (27) 52.22 1.525621.2 (2,038) 630.3 (2,068) 9.1 (30) 16.63 0.486 True widths have not yet been determined. What these results mean to Victoria A total of five core holes totalling 4,800 m (15,760 feet) have now been drilled by the company at Cove-McCoy. The best results released prior to NW-5 were: NW-1 intersected 38.4 m (126 feet) of 10.96 g/t (0.320 ounce per ton) gold. NW-4 intersected 14.0 m (46 feet) grading 8.16 g/t (0.238 ounce per ton) gold. Chad Williams, chief executive officer, president and director, commented: "The wide and continuous intercepts and significant gold grades reported by hole NW-5 show that we may be progressing toward the definition of a sizable, new, quality gold system at Cove-McCoy, and highlight the potential of this large property that we have really just started exploring. NW-5 also substantiates Victoria's exploration methods that can be applied to the 14 other targets currently identified at Cove-McCoy and the company's seven other gold exploration projects in Nevada." The gold-mineralized area, defined by holes NW-1 to NW-5, has been named the Helen zone. NW-5 hit significant gold mineralization approximately 68.6 m (225 feet) down plunge of the Helen zone, from core hole NW-1. The Helen zone is located just 660 m (2,000 feet) northwest -- and roughly at the same elevation -- as the bottom of the mined Cove open pit. Cove-McCoy plans NW-5 was the first hole in Victoria's phase 2 of drilling at Cove-McCoy. A second core drill rig has been added to the site, with a minimum of six more holes planned to further test the Helen zone. A third core drill rig may be added in early 2008, to test other targets on the property. Although exploration at Cove is at an early stage, underground access to the Helen zone for closer-spaced delineation drilling may be warranted, depending on drilling results over the next few months. Access to the Helen zone could be achieved relatively quickly and inexpensively through the side wall of the existing Cove-McCoy open pit. We seek Safe Harbor. |
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| aus der Diskussion: | VICTORIA RESOURCES-A NEW CHAPTER OF NEVADA EXPLORATION HISTORY? |
| Autor (Datum des Eintrages): | nader00 (11.12.07 20:28:27) |
| Beitrag: | 11 von 43 (ID:32731538) |
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