Victory Goldfields Phase 1 Diamond Drilling Completed on Advanced Projects

Victory Goldfields (ASX:1VG)

Highlights:

  • The Phase 1 Diamond Drilling (“DD”) program has been completed, as planned for Coodardy, Emily Wells and Eaglehawk projects.

  • DD core samples delivered to analytical laboratory with assay results expected later this month/early next month

  • DD undertaken in two phases to test the continuity and depth extensions of historical drilling results and known mineralisation

  • Approximately 1,800 metres of RC drilling to commence in the near term as part of Phase 2 program for Emily Wells project

  • Soil geochemical assay results for Tuckanarra (Nemesis) and Mafeking expected soon

  • Gold in soil geochemical program to be progressed on PL20/2410 located immediately north of Emily Wells project

  • Acquisition of two tenements extending the Company’s contiguous tenement position in an under explored area

Victory Goldfields (ASX:1VG) (“Victory” or “the Company”) is pleased to announce it has completed its Phase 1 Diamond Drilling (“DD”) program for its advanced projects – Coodardy, Emily Wells and Eaglehawk. The Phase 1 and Phase 2 DD programs are part of Victory’s strategy to test the continuity and depth extensions of historical drilling results and known mineralisation at the three priority targets

Victory’s Executive Chairman, Trevor Matthews said: “It is very pleasing to have completed the Phase 1 Diamond Drilling program within just 7 weeks of listing and without any safety incidents.

With core samples at the laboratory, the Victory board and management is looking forward to receiving and announcing the assay results from this first phase of exploration work on our advanced projects.”

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